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Aluminium News

Vedanta sets sights on zinc, silver, iron-ore output growth 

By: Kim Cloete     12th February 2020 CAPE TOWN (miningweekly.com) – Natural resources company Vedanta Resources is aiming to become the world's biggest producer of zinc, as well as to double its production of silver and increase its iron-ore output from 10-million to 15-million tonnes a year.  Vedanta has a presence in steel,... 

Alpha HPA picks spot for HPA plant

By: Esmarie Iannucci     11th February 2020 ASX-listed Alpha HPA has tipped Gladstone, in Queensland, as the preferred site for it’s A$200-million high purity alumina (HPA) plant. The company has secured an option with Economic Development Queensland on a 10 ha land parcel, and would now seek to negotiate the final purchase terms for... 

HPA scoping proves up for Pure Minerals

By: Esmarie Iannucci     7th February 2020 A scoping study into the production of high purity alumina (HPA) as a cop-product at the Townsville Energy Chemicals Hub (TECH project), in northern Queensland, has demonstrated that the project could become a one-stop shop for key battery chemicals, owner Pure Minerals said on Friday. A... 

Alcore appoints Clough as engineering firm

By: Esmarie Iannucci     4th February 2020 ASX-listed Australian Bauxite subsidiary Alcore has appointed engineering firm Clough Projects Australia to provide the engineering for the design and construction of its planned bauxite refining plant. “Clough is an ideal engineer for Alcore’s transition from lab research stage to its first... 

En+ raises stake in Rusal to 57% after Glencore asset swap

By: Reuters     3rd February 2020 Russia's En+ Group has raised its stake in aluminium giant Rusal to 56.88% after completing an asset swap with Glencore, part of a deal that has helped companies controlled by Russian tycoon Oleg Deripaska to ward off US sanctions. En+ Group and Glencore agreed in 2017 that Glencore would swap... 

Alcoa says power restored to Australian plant after heat waves

By: Reuters     3rd February 2020 Power to Alcoa's Portland aluminium smelter has returned to normal levels after a blackout on Friday caused by heat waves in Australia's south, the company said in a statement on Monday. One of two transmission lines to the smelter remains out of service due to the outage, however, Alcoa added.... 

South Africa will caution Trump against ‘premature’ trade review

By: Bloomberg     29th January 2020 South Africa’s government will tell President Donald Trump’s administration that its review of a preferential trade agreement that could put as much as $2.4-billion in exports at risk is premature and potentially damaging for both economies. The US Trade Representative will start public hearings... 

South Africa will caution Trump against ‘premature’ trade review

Indonesian mining giant seeks to triple aluminium production

By: Bloomberg     22nd January 2020 PT Indonesia Asahan Aluminium has set a long-term goal of tripling its production capacity by expanding operations to the island of Borneo as it seeks to utilise the region’s abundant bauxite reserves. The State-owned company known as Inalum plans to boost capacity to 750 000 tons by building a... 

Court paves way for Vedanta to source alumina from competitor Nalco

By: Ajoy K Das     22nd January 2020 India’s Supreme Court has permitted Vedanta to bid for alumina from State-run National Aluminium Company Limited (Nalco) for the former’s bauxite starved smelters in the eastern state of Odisha. Under the court order, Vedanta has been permitted to participate in Nalco’s alumina export tenders... 

World risks 'disaster' as reuse of natural resources declines

By: Reuters     21st January 2020 The proportion of raw materials the world is reusing has fallen, researchers said on Tuesday, warning of a "global disaster" as annual consumption of natural resources rose to 100-billion tonnes for the first time. Just 8.6% of the 100-billion tonnes of materials – including minerals, metals,... 

Alcoa bid to stem losses runs up against world awash in aluminium

By: Bloomberg     16th January 2020 Alcoa Corp’s bid to stem a year-long profit slide isn’t getting much help from an aluminum market that’s showing little promise of recovery. The top US producer of the metal sees the aluminum market swinging to a surplus, adding more gloom to a slumping commodity and giving more urgency to a... 

US to impose sanctions on Iran’s metal exports and leaders

By: Bloomberg     10th January 2020 The Trump administration imposed new sanctions on Iran on Friday, including penalties on the Islamic Republic’s metals and some senior leaders, following Tehran’s attack on US military bases. The sanctions target steel, aluminum, copper and iron, as well as eight senior Iranian officials and... 

Australian exports forecast for record year in 2019/20

By: Esmarie Iannucci     19th December 2019 Australia’s resource and energy export earnings are forecast to set a record A$281-billion in 2019-20, up from A$279-billion in 2018-19, new data from the Office of the Chief Economist has revealed. Minister for Resources and Northern Australia Matt Canavan noted that the record earnings are... 

Australian exports forecast for record year in 2019/20

Most mining company ratings have ‘stable outlooks’, says Fitch

By: Simone Liedtke     18th December 2019 The Rating Outlook for the global mining sector in 2020 remains Stable, as slower demand for some commodities is counterbalanced by supply restrictions for others, Fitch Ratings says. A weakened macroeconomic environment has caused demand and prices for some commodities to fall, which the ratings... 

Management at Bosnia's sole aluminium smelter resigns

By: Reuters     17th December 2019 The management of Bosnia's sole aluminium smelter, Aluminij Mostar, has resigned after an only investor interested to help it restart production had submitted an inadequate offer, the company said on Tuesday. The smelter was shut down in July over debt it had incurred because of high electricity... 

GFG agrees to buy Duffel aluminium plant in Belgium from Novelis

By: Reuters     6th December 2019 GFG Alliance, owned by British commodities tycoon Sanjeev Gupta, has agreed to buy the Duffel aluminium plant in Belgium from Novelis, the group said on Friday. The deal for the plant, which supplies the auto industry and is one of the largest rolling mills in Europe, adds to a string of... 

Apple buys first carbon-free aluminium from Alcoa, Rio Tinto JV 

By: Simone Liedtke     6th December 2019 Technology company Apple has bought the first-ever commercial batch of carbon-free aluminium from a joint venture (JV) between two aluminum suppliers. The metal is being made by Elysis, the Montreal-based JV of Alcoa and Rio Tinto. The JV was established last year, with $144-million in funding... 

Recent developments bode well for copper, copper alloys

By: Mamaili Mamaila     6th December 2019 Several developments are making copper and copper alloys increasingly important, says metallurgical industry plant and integrated systems provider SMS group. 

MORE THAN JUST A METAL
Copper is more than just a mined metal – it not only provides jobs but also promotes a higher standard of living
MORE THAN JUST A METAL Copper is more than just a mined metal – it not only provides jobs but also promotes a higher standard of living

FYI granted space at Kwinana

By: Esmarie Iannucci     4th December 2019 ASX-listed FYI Resources has secured an industrial site in the Kwinana industrial area for its high purity alumina (HPA) refining facility to refine kaolin feedstock from its Cadoux project. MD Roland Hill on Wednesday said that the Kwinana industrial area was a world-class industrial hub,... 

Base metals fundamentally in good shape despite lower demand – Glencore

By: Martin Creamer     3rd December 2019 Despite weaker 2019 demand, base metals are fundamentally in good shape, Glencore CEO Ivan Glasenberg said on Tuesday. Presenting an investor update with Glencore CFO Steve Kalmin and Glencore industrial assets head Peter Freyberg, Glasenberg described copper, zinc and nickel markets as being... 

Glencore CEO Ivan Glasenberg
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Granges to buy Poland's Aluminium Konin

By: Reuters     28th November 2019 Sweden's Granges said on Thursday it had agreed to buy Polish aluminium producer Aluminium Konin for 2.3-billion Swedish crowns ($239-million), expanding its presence in Europe and boosting its position in growth areas such as materials for electric vehicles. The deal, subject to approval by... 

Alcoa joins the ICMM

By: Creamer Media Reporter      21st November 2019 US-headquartered bauxite, alumina and aluminium products producer Alcoa has become the twenty-seventh company to become a member of the International Council on Mining and Metals (ICMM), which brings together companies and regional and commodities associations to strengthen the mining industry's... 

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Charles Mostert (right) interviewed by Martin Creamer.
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd

SMB-Winning beats Fortescue to Guinea iron-ore deposit with $14bn deal 

By: Reuters     13th November 2019 A consortium of Guinea's Societe Miniere de Boke (SMB) and Singapore's Winning said on Wednesday it won a tender to develop blocks 1 and 2 of Guinea's giant Simandou iron-ore project, edging out Australia's Fortescue in a $14-billion deal. The consortium committed to developing the mine, which... 

SMB-Winning beats Fortescue to Guinea iron-ore deposit with $14bn deal

FYI's HPA plant makes the grade

By: Esmarie Iannucci     6th November 2019 The first round of results from ASX-listed FYI Resources’ high purity alumina (HPA) pilot plant trial has achieved grades of 99.99%, the company said on Wednesday. The plant operated continuously from October 2 to 9 on a 24/7 basis, and either met or exceeded the modelled operational... 

Antiplastic trend raising aluminium demand – Novelis

By: Reuters     1st November 2019 Moves to reduce plastic packaging to protect the environment are starting to increase demand for aluminium packaging, the European head of Novelis, the world's largest producer of rolled aluminium products, said. Aluminium demand will also be underpinned by a trend towards more electrically... 

Alcoa wants to sell its $250m Texas ranch with an industrial past

By: Bloomberg     30th October 2019 Alcoa is trying to sell its ranch. The metals giant is looking to jettison as much as $1-billion in assets, including the roughly 32 000-acre property in Rockdale, Texas, in a push to trim costs. Alcoa is asking $250-million for Sandow Lakes Ranch, which comes with wildlife, mineral rights, 14... 

Pure Alumina pauses Yendon to focus on gold

By: Esmarie Iannucci     29th October 2019 ASX-listed Pure Alumina has announced plans to place is Yendon high purity alumina project, in Victoria, on the backburner, in order to focus on gold and copper assets. The company on Tuesday told shareholders that while there was strong forecast demand for high purity alumina, the challenge of... 

Rio Tinto says miners need to leverage technology as scrutiny of the industry rises

By: Reuters     28th October 2019 Mining companies should make more use of technology to respond to increasing demands from investors and communities for responsible mining practices, Rio Tinto CEO Jean-Sébastien Jacques said on Monday. Technologies such as autonomous rail-cars and increased automation can lower the impact of... 

Jean-Sebastien Jacques
Jean-Sebastien Jacques

Metals sector in costly battle to turn green

By: Reuters     25th October 2019 Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments. While the transition may prove overwhelming for smaller producers, larger companies are playing a long game, casting ahead to a period... 

Rio reviewing future of NZ smelter

By: Esmarie Iannucci     23rd October 2019 Diversified miner Rio Tinto on Wednesday announced a strategic review of its 79.36% interest in New Zealand’s Aluminium Smelter (NZAS) at Tiwai Point. The review will determine the operation’s ongoing viability and competitive position, given the challenging short- and medium-term outlook for... 

Rio reviewing future of NZ smelter

Norsk Hydro Q3 earnings beat on Brazil ramp-up, low input costs

By: Reuters     23rd October 2019 Aluminium producer Norsk Hydro reported a smaller- than-expected decline in third-quarter earnings on Wednesday, as a ramp-up in its previously shut Brazilian operation and lower input costs partly compensated for lower metals prices. Underlying third-quarter earnings before interest and tax... 

Indian aluminium producer forced to shut smelting pots owing to coal shortage

By: Ajoy K Das     21st October 2019 Indian State-run National Aluminium Company Limited (Nalco) is facing an acute shortage of coal supplies of up to almost 50% of its daily requirement to fuel its 1 200 MW of captive thermal power plant, risking the closure of its smelting potlines. Nalco, which operates a 460 000 t aluminium... 

How a small aluminium maker won US trade protection

By: Reuters     18th October 2019 When Donald Trump won the White House, the sprawling aluminum smelter that hugs the Ohio River here was operating at less than half its capacity, and most of its skeleton crew of 270 remaining workers were fearful about their future. But Trump's tariffs have saved it, at least for now. 

SA moves to give new impetus to exploration, following years of stagnation 

By: Tracy Hancock     18th October 2019 The absence of new mining projects, owing to limited exploration, continues to weigh on the future sustainability of South Africa’s once thriving mining sector, which once captured a larger share of major mining budgets. “There is simply not enough investment in new mineral exploration to take... 

SA moves to give new impetus to exploration,  following years of stagnation
Mandela Mining Precinct co-director Alastair Macfarlane discusses an initiative under way to stimulate local exploration. Camera work: Kutlwano Matlala. Editing: Nicholas Boyd.

Alcoa plans up to $1bn in assets sales as demand plunges

By: Bloomberg     17th October 2019 To weather a dimming global growth outlook, the largest US aluminum producer plans to get leaner in the next 18 months, selling non-core assets after its worst streak of quarterly losses in at least three years. Alcoa predicts world demand may contract by as much 0.6%, reversing a July outlook... 

Alcoa plans up to $1bn in assets sales as demand plunges

FYI completes trial run

By: Esmarie Iannucci     9th October 2019 ASX-listed FYI Resources has successfully completed a high purity alumina pilot plant trial in Western Australia. The plant operated continuously from October 2 to 9 on a 24/7 basis, and either met or exceeded the modeled operational performances, demonstrating the potential for commercial... 

Investment in climate-positive companies growing – Joburg Indaba  

By: Martin Creamer     7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... 

Fiona Perrot-Humphrey, Sandy McGregor and Myuran Rajaratnam
Mining Weekly's Martin Creamer on Joburg Indaba climate discussion. Video Editing: Nicholas Boyd. Video: Kutlwano Matlala. Photo: Dylan Slater.
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