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Aluminium News

South32 posts higher manganese, aluminium output from South African operations 

By: Marleny Arnoldi     19th August 2021 Diversified miner South32 has posted a 21% year-on-year increase in manganese output from its South African mines to 2.26-million tonnes for the year ended June 30. The JSE-, ASX- and LSE-listed miner has a 44% interest in two manganese mines – Mamatwan and Wessels – in South Africa, based in... 

South Africa on verge of nice breakthroughs in hydrogen, says new SAIMM president  

By: Martin Creamer     17th August 2021 South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery... 

An image of new SAIMM president Isabel Geldenhuys
South African Institute of Mining and Metallurgy president Isabel Geldenhuys interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Record high aluminium prices likely to spur destocking

By: Reuters     16th August 2021 Record aluminium prices in the United States and Europe will be sustained by Russia's mining tax for some months, but attempts to push prices even higher are likely to face headwinds from traders cashing in their stocks, analysts said. Russia has imposed a 15% tax or a minimum of $254/t on... 

An image of an aluminium smelter operating.

Company’s products adhere to global standards

By: Khutso Maphatsoe     13th August 2021 Metals supplier Non-Ferrous Metal Works (NFMW) manufactures semi-fabricated copper and brass extruded shapes that comply with international chemistry, physical tolerances and the mechanical characteristics of end-products. All products are graded according to ISO 9001 quality assurance standards,... 

An image of manufactured copper product at South African metals supplier Non-Ferrous Metal Works' premises
DIFFERENT SHAPES AND SIZES A full range of copper and alloys is manufactured by the company’s extruding production unit and supplied in semi-fabricated form to local and international destinations

Friendly South African face could quickly attract exploration investment – Bristow 

By: Martin Creamer     11th August 2021 South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely... 

A picture of Mark Bristow, taken from quarterly Barrick presentation on August 9, 2021
Photo by Creamer Media
Barrick president and CE Dr Mark Bristow.

Parliament backs ARENA's new mandate

By: Esmarie Iannucci     5th August 2021 The federal Parliament has supported reforms to the Australian Renewable Energy Agency (ARENA) to support the next generation of low emissions technologies. Under an expanded remit, ARENA is now able to support a broader range of technologies to advance the priorities of the government’s... 

Australia resource exports deliver new record

By: Esmarie Iannucci     5th August 2021 The Australian Bureau of Statistics (ABS) on Thursday announced a trade surplus of A$10.4-billion in June, up A$1.2-billion on the surplus recorded for May, while the resources sector has set new records for total export value and a range of mineral commodities in the 2020/21 financial year.... 

Image depicts a ship loading ore at the Port of Port Hedland

Soaring aluminum drives up cost of everything from beer to foil

By: Bloomberg     3rd August 2021 For consumers and economists hoping commodities inflation will soon subside, the aluminum market delivered some discouraging news on Monday. The world’s second-largest brewer, Heineken, said the rising costs of freight and the metal used in beer cans will have a “material effect” on profit next... 

Russia mulls pegging tax on mining firms to global metals prices - Interfax

By: Reuters     30th July 2021 Russia is considering pegging a mineral extraction tax (MET) levied on its metals producers to the global price of their products from 2022, the Interfax news agency reported on Friday, citing Deputy Finance Minister Alexei Sazanov. Moscow has been trying to protect its defence and construction... 

Gupta pays $25m to end long-running spat with Rio Tinto

By: Bloomberg     30th July 2021 Sanjeev Gupta has paid $25-million to Rio Tinto Group to settle a long-running dispute over the final payment for an aluminum smelter he bought from the mining giant in 2018. The deal was disclosed in the financial accounts of one of Gupta’s holding companies for the smelter, which stated that a... 

An image of Sanjeev Gupta
Sanjeev Gupta

Rio Tinto cuts Kitimat smelter output to 35% amid strike

By: Mariaan Webb     27th July 2021 Diversified major Rio Tinto has reduced production at its BC Works aluminium smelter, in Kitimat, Canada, owing to a strike initiated by the Unifor Local 2301 union. The union workers began their strike at midnight on Sunday, having issued Rio Tinto a 72-hour strike notice after weeks of... 

An image of aluminium smelter works in BC, Canada.

Canadian union Unifor starts strike at Rio Tinto operations

By: Reuters     26th July 2021 Canadian union Unifor said on Sunday about 900 workers had started strike action at global miner Rio Tinto's operations in the western Canadian province of British Columbia. Unifor issued a 72-hour strike notice on Wednesday after nearly seven weeks of unproductive talks over proposed changes to... 

Canadian union Unifor starts strike at Rio Tinto operations

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

South32 secures power for Hillside, weighs green options  

By: Esmarie Iannucci     23rd July 2021 Diversified miner South32 has finalised an energy supply agreement for its Hillside aluminium smelter, in South Africa. The miner on Friday said that the National Energy Regulator of South Africa had approved the long-term energy supply agreement between Hillside and national energy provider... 

An aerial view of South32's Hillside aluminium operation in South Africa

Canadian union Unifor gives Rio Tinto 72-hour strike notice

By: Reuters     22nd July 2021 Canadian union Unifor said on Wednesday miner Rio Tinto has been served with a 72-hour strike notice after nearly seven weeks of unproductive negotiations over proposed changes to workers' retirement income and benefit levels. The union said it is seeking better retirement security for younger... 

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Well-known mining personalities behind new green metals SPAC

By: Mariaan Webb     15th July 2021 Former executives of Canadian miner Detour Gold have teamed up with some of the biggest names in Australian mining and a Glencore director to launch a special purpose acquisition company (SPAC) targeting assets fitting the green-economy metals and mining profile. Increasingly popular, SPACs are... 

Photo of a man, Mick McMullen, speaking at a function.
Mick McMullen, former executive at Detour Gold and Stillwater, is the CEO of Metals Acquisition.

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

EU, Ukraine sign preliminary deal on key raw materials, batteries

By: Reuters     13th July 2021 The European Union and Ukraine signed on Tuesday a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the Covid-19 pandemic. The move is part of the European Commission's Action Plan... 

China to sell more metals from reserves to ensure stable prices

By: Bloomberg     7th July 2021 China, the world’s top commodities consumer, pledged to release more base metals from its state reserves after completing a first batch of sales in its latest effort to rein in surging raw material costs. More sales will be arranged in the near term to ensure market stability, the National Food... 

A worker stands on bundles of aluminum ingots at a China National Materials Storage and Transportation Corp. stockyard in Wuxi, China.

India gives aluminium battery a chance to take on lithium in EVs

By: Bloomberg     5th July 2021 A drive to reduce dependence on imported materials and technology, especially from China, is pushing India to invest in a battery technology that uses aluminum rather than lithium as the key ingredient. Indian Oil, the nation’s largest oil refiner, has teamed up with startup Phinergy to develop... 

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Glencore paid governments $5.8bn, working hard to develop local skills

By: Martin Creamer     30th June 2021 As one of the world’s largest natural resource companies, with operations across five continents, Glencore is committed to delivering long-lasting socioeconomic benefits, CFO Steven Kalmin on Wednesday. Speaking on video with the release of Glencore's 2020 Payment to Governments Report, Kalmin... 

Glencore CFO Steven Kalmin
Photo by Creamer Media
Glencore CFO Steven Kalmin

Rio starts ELYSIS construction

By: Esmarie Iannucci     30th June 2021 Miner Rio Tinto has started construction on the first construction on the first commercial-scale prototype cells of ELYSIS’ inert anode technology, at its Alma smelter in Quebec. ELYSIS is a joint venture (JV) led by Rio and aluminium major Alcoa, that is working to commercialise a new... 

Govt backs FYI's HPA project

By: Esmarie Iannucci     29th June 2021 ASX-listed FYI Resources has been awarded Major Project status for it’s a$269-million High Purity Alumina (HPA) project, in Kwinana, by the Australian government. “We are delighted to receive the formal recognition from the Australian federal government for our innovative and fully integrated... 

Caterpillar, steelmakers jump as Biden deal buoys demand view

By: Bloomberg     25th June 2021 Caterpillar led gains in the Dow Jones Industrial Average and steelmakers surged as President Joe Biden’s bipartisan $579-billion infrastructure deal buoyed the outlook for US demand. Heavy-equipment maker Caterpillar gained as much as 3.8% at 1:41 p.m. in New York, the most in three months. US... 

Caterpillar, steelmakers jump as Biden deal buoys demand view

South32 reiterates Paris Agreement, net zero carbon commitment 

By: Simone Liedtke     22nd June 2021 Diversified miner South32 has reiterated its commitment to the Paris Agreement objectives, with the miner committed to achieving net zero carbon emissions by 2050. In May, South32 announced its target to achieve a 50% reduction in Scope 1 and 2 operational emissions by the 2035 financial year. To... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

Russian billionaire Potanin will not join in Nornickel buyback

By: Reuters     21st June 2021 Russian billionaire Vladimir Potanin has decided not to take part in a buyback of Nornickel shares, his Interros Holding said on Friday, increasing the proceeds of aluminium producer Rusal from the deal. Potanin owns a 34.6% stake in Nornickel, which plans to buy up to 3.4% of its shares for... 

King River's HPA project proves economical

By: Esmarie Iannucci     16th June 2021 A prefeasibility study (PFS) for a high purity alumina (HPA) project in the Kwinana industrial area, in Western Australia, has demonstrated that ASX-listed King River Resources could be a significant producer of high value purity alumina. The HPA product would use King River’s ARC process to... 

Govt pours funding into Rio's alumina study

By: Esmarie Iannucci     16th June 2021 The federal government will provide more than A$500 000 in funding a study investigating the feasibility of using renewable hydrogen instead of natural gas to process alumina, helping to reduce emissions across the aluminium supply chain. Mining giant Rio Tinto will conduct a A$1.2-million... 

Govt pours funding into Rio's alumina study

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... 

ICMM health, safety and product stewardship director Sarah Bell
International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration Geology Consultants exploration manager Thinus Jordaan
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Hot prices pervading commodities market, CRU tells Junior Indaba  

By: Martin Creamer     2nd June 2021 Price hotness is pervading the commodities market, CRU senior analyst Clare Hanna said on Tuesday, when she addressed the second and final day of the Junior Indaba. Speaking on ‘what’s hot and what’s not’, Hanna said almost all commodities were at the higher-than-15% level. (Also watch attached... 

Commodity prices soaring above cost levels shown in this CRU chart.
CRU senior analyst Clare Hanna at Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Department of Mineral Resources and Energy Director-General Advocate Thabo Mokoena
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Battery material value-add consolidation in South Africa under consideration by Mick Davis-linked NextSource  

By: Martin Creamer     31st May 2021 South Africa, which has the wherewithal to provide the value-add consolidation advantage to battery materials that the world’s electric vehicle original equipment manufacturers (OEMs) want, is being seriously considered for the role, NextSource president and CEO Craig Scherba said on Monday.... 

NextSource president and CEO Craig Scherba
NextSource President and CEO Craig Scherba interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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