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Aluminium News

Environment government’s most important Ministry – Oppenheimer  

By: Martin Creamer     4th October 2019 The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference. “Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment... 

New technologies can make mining safer, sunrise industry – Mgojo  

By: Martin Creamer     2nd October 2019 The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday. Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote... 

Minerals Council South Africa president Mxolisi Mgojo.
Minerals Council South Africa president Mxolisi Mgojo’s address to Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.

FYI pilot plant produces first product

By: Esmarie Iannucci     2nd October 2019 The share price of junior FYI Resources on Wednesday increased after the company announced the trial production of high purity alumina from its pilot plant in Western Australia. The pilot plant is scheduled to run continuously for seven days, on a 24-hour a day basis, to demonstrate the... 

Sanctions are over, Rusal's clients say, as aluminium 'mating season' starts

By: Reuters     1st October 2019 Aluminium group Rusal is in talks with customers to agree 2020 supply contracts, six industry sources told Reuters, marking the first round of autumn negotiations since sanctions against the Russian company were lifted in January. Rusal starts the aluminium industry's so called "mating season"... 

WTO slashes forecast for trade growth as conflicts mount

By: Reuters     1st October 2019 The World Trade Organization (WTO) cut its forecast for growth in global trade this year by more than half on Tuesday and said further rounds of tariffs and retaliation, a slowing economy and a disorderly Brexit could squeeze it even more. The WTO said it now expected global merchandise trade to... 

WTO director-general Roberto Azevedo
Photo by Reuters
WTO director-general Roberto Azevedo

Proudly South African anti-cable theft technology already deployed on 12 sites

By: Martin Creamer     30th September 2019 It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set. All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room,... 

SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.
Photo by Creamer Media's Dylan Slater
SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.

Brazil court lifts final embargo on Alunorte

By: Mariaan Webb     27th September 2019 The Brazilian Federal Court has lifted the final embargo on Alunorte's new bauxite residue disposal (DRS2) under a criminal lawsuit, Norway's Norsk Hydro said on Thursday. This allows the alumina refinery to resume activities of installation and commissioning at DRS2, ending a 19-month embargo... 

Brazil court lifts final embargo on Alunorte

First glimpse into Mining Indaba 2020 programme 

By: Martin Creamer     26th September 2019 The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector. “We’re building on the success of the 2019 Mining Indaba in terms of the high level of... 

Investing in African Mining Indaba.
Investing in African Mining Indaba.

Rio's Canadian operations get certified

By: Esmarie Iannucci     24th September 2019 Diversified miner Rio Tinto’s Canadian aluminium operations have been extended with the Aluminium Stewardship Initiative’s (ASI) Chain of Custody certification, reinforcing the miner’s commitment to responsible mining and metals production. The certification provides independent verification... 

Partnership facilitates fossil-fuel-free future

30th August 2019 State-owned Swedish power utility Vattenfall and base metals mining company Boliden AB have signed a partnership agreement relating to technical development in the field of the electrification of mines and smelters, the circular economy and a fossil-fuel-free future. The agreement, which covers a... 

SUN BAKED
Vattenfall used not only solar but also wind and battery power too decrease mines reliance on fossil fuels
SUN BAKED Vattenfall used not only solar but also wind and battery power too decrease mines reliance on fossil fuels

IOC plans to foray into EV battery manufacturing

By: Ajoy K Das     29th August 2019 Indian State-run oil refiner-marketer, Indian Oil Corporation (IOC) will foray into electric vehicle (EV) battery manufacturing as part of its strategy to evolve into a "future-ready comprehensive energy solutions company". The oil company is working out a partnership with an overseas start-up to... 

Glencore, Trafigura buy metal in Qingdao court auctions

By: Reuters     23rd August 2019 Commodity traders Glencore and Trafigura have picked up a combined 70 479 t of aluminium over the past week by winning online auctions of metal inventory dating back to China's 2014 Qingdao warehousing scandal, according to the e-commerce platform that hosted the sales. The stock, being... 

South32 settles on buyer for South Africa assets, reports impairment 

By: Esmarie Iannucci     22nd August 2019 Diversified miner South32 on Thursday reported a pre-tax impairment charge of $504-million over its South African Energy Coal assets for the year ended June, announcing that it has now entered into exclusive negotiations to divest of this asset. South32 in 2017 announced plans to divest of the... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

Global aluminium demand set to outpace growth – Fitch

By: Tasneem Bulbulia     6th August 2019 The global aluminium market is likely to experience a number of deficits over the coming years as solid demand growth, driven by the construction and automotive sectors, outpaces production growth, says Fitch Solutions Macro Research. Fitch expects the global primary aluminium market to remain... 

Nalco in the national auditor’s firing line

By: Ajoy K Das     26th July 2019 Indian State-run National Aluminium Company Limited (Nalco) has been hauled up by the national auditor Comptroller and Auditor General (CAG) for a delay in developing captive coal blocks allocated to it, which resulted in a potential loss of revenue. In its report submitted to Parliament on... 

Aluminum giant sees lasting impact on demand from trade war

By: Bloomberg     26th July 2019 The trade war between the US and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro CEO Hilde Merete Aasheim said. On Tuesday, the Oslo-based company pared its demand growth forecast for a second time this year, echoing the dimming... 

Aluminum giant sees lasting impact on demand from trade war

Aluminium producers in Canada cash in on US tariff exemption

By: Reuters     23rd July 2019 Canada's exemption from US tariffs on imports of aluminium metal has boosted earnings at the Canadian operations of companies such as Rio Tinto and Alcoa, but has not cut costs for US consumers. In May, the US lifted the Section 232 tariff of 10% imposed on Canadian imports of aluminium, a vital... 

Aluminium producers in Canada cash in on US tariff exemption

Alcoa pares aluminum forecast as trade-war fallout widens

By: Bloomberg     19th July 2019 Alcoa cited weakness in China in cutting its forecast for global aluminum demand for the second time in three months, adding to concerns that trade frictions are eroding the outlook for the industrial metal. The company sees aluminum use this year growing 1.25% to 2.25%, compared with its... 

South32 reports strong end to FY2019

By: Esmarie Iannucci     18th July 2019 Diversified miner South32 has reported a strong finish to the 2019 financial year, with revenue equivalent production growing by 10% in the June quarter and by 3% in the full year, while record production was achieved at the Hillside aluminium operation, and metallurgical coal production from the... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

Rio Tinto's Icelandic aluminium plant attracts Glencore, Trimet – sources

By: Reuters     4th July 2019 At least three companies including Glencore and Trimet Aluminium have expressed an interest in buying Rio Tinto's aluminium assets in Iceland, Sweden and the Netherlands for up to $350-million, banking sources said. Rio Tinto restarted the sale process for the assets in late 2018, with the help... 

Alcoa’s workers accept offer, ‘exhausted’ from 18-month dispute

By: Bloomberg     2nd July 2019 An 18-month labour dispute at an aluminum smelter in Quebec controlled by Alcoa Corporation ended after workers accepted a deal, defying the recommendation of their union’s leadership. On Tuesday, about 80% of workers at the Becancour plant voted to ratify the offer after a meeting of the United... 

Blyvoor to begin producing gold again from Q4 – Skeat 

By: Martin Creamer     27th June 2019 Gold mining is to resume at the old Blyvooruitzicht gold mine in the last quarter of this year, Blyvoor Gold executive chairperson Peter Skeat has told Mining Weekly Online. “We’ve worked very hard and we’re at the point of moving ahead. We’ve got cash, we’ve got no debt, and the employees and... 

From left Martin Creamer, Peter Skeat, Alan Smith and Richard Floyd.
Photo by Creamer Media's Dylan Slater
From left Martin Creamer, Peter Skeat, Alan Smith and Richard Floyd.

Alcoa gets tough with union by threatening to idle Quebec plant

By: Bloomberg     27th June 2019 After 18 months of often contentious labor talks with the United Steelworkers union at an aluminum smelter in Quebec, Alcoa has threatened to idle the entire facility if workers don’t sign what it’s calling a “final offer". Aluminerie de Bécancour, a joint venture in which Alcoa controls a 75%... 

Alcoa gets tough with union by threatening to idle Quebec plant

Canada invests in Alcoa aluminium plant upgrades

By: Creamer Media Reporter      19th June 2019 The government of Canada has made a C$10-million investment in an C$85-million project that will support 520 jobs at aluminium giant Alcoa’s Deschambault-Grondines plant, in Quebec. The investment would help Deschambault-Grondines to innovate by acquiring new technology that will help it... 

Indian aluminium producers seek protection measures

By: Ajoy K Das     18th June 2019 Ahead of India’s national Budget to be presented before Parliament next month, aluminium producers are seeking a slew of protection measures. Aluminium Association of India is seeking an increase in import duty on finished aluminium from 10% to 12.5%, considering that the domestic industry was... 

LME electronic pricing trial fails to boost volumes - sources

By: Reuters     18th June 2019 The London Metal Exchange's (LME's) three-month trial of switching to electronic closing prices for one of its benchmark base metal contracts has failed to lift volumes, industry sources said, lending further support to traditional open outcry trading. The trial, which moved nickel from the ring... 

London Metal Exchange slaps alcohol ban on open outcry traders

By: Reuters     14th June 2019 The London Metal Exchange has banned open outcry traders from consuming alcohol during the day, it said on Friday, joining other London firms in halting a culture of boozy lunches. In the past, LME traders, along with many other financial service workers, had a culture of heading to the pub at... 

South Africa should go all out with platinum and manganese to be in best of two decarbonising worlds 

By: Martin Creamer     10th June 2019 South Africa, which has a wonderful platinum group metals (PGMs) endowment and an abundance of high-quality manganese ore, should go all out to be in the best of two new carbon-reducing technology worlds. On the one hand, it should do all it can to be in the world of hydrogen with the help of... 

A fuel cell electric vehicle requires platinum
Photo by Toyota/Anglo American
A fuel cell electric vehicle requires platinum

Minerals processing company sees growth opportunity in Moz

By: Jessica Oosthuizen     7th June 2019 Minerals processing specialist Multotec boasts an entrenched presence in Mozambique, having operated in the country’s mining sector for more than 15 years, and Multotec Mozambique regional manager Thinus Kruger tells Mining Weekly that there is potential for the company to grow further. Multotec... 

KRIS VERGOTE
Multotec supports its products and regularly communicates with and visits clients
Photo by Creamer Media's Dylan Slater
KRIS VERGOTE Multotec supports its products and regularly communicates with and visits clients

Manganese poised to make its mark as EV metal  

By: Martin Creamer     5th June 2019 Manganese could make its mark in the battery electric vehicle (EV) arena by displacing cobalt to a large extent in many of the cathode formulations, where the bulk of battery metals are used. The Junior Indaba heard on Wednesday that manganese, which South Africa hosts in abundance, is in a race... 

Manganese poised to make its mark as EV metal
Junior Indaba strategic metals discussion covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Bernard Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Australia says its aluminium exports to US are fair after report Trump considered tariffs

By: Reuters     3rd June 2019 Australian Prime Minister Scott Morrison on Monday said aluminium exporters are complying with the terms of a deal with the United States after the New York Times reported President Donald Trump had considered imposing tariffs on Canberra. The New York Times, citing unidentified sources, said... 

Australia Prime Minister Scott Morrison
Australia Prime Minister Scott Morrison

Independent power producer association hails Mantashe's appointment

By: Martin Creamer     31st May 2019 The appointment of Gwede Mantashe as the Minister of Mineral Resources and Energy has been welcomed by the South African Independent Power Producer Association (SAIPPA), which described as “massive” the challenges he, Deputy Mineral Resources and Energy Minister Bavelile Hlongwa and the rest of... 

FYI nearing completion of pilot plant

By: Esmarie Iannucci     21st May 2019 The share price of junior FYI Resources was bumped by more than 5% on Tuesday on news that the company high purity alumina (HPA) plant, in Western Australia, was nearing first production. “The pilot plant is another key element for our disciplined HPA strategy that will ensure the Cadoux kaolin... 

Canada vows 'full steam ahead' on ratifying trade pact after US lifts metals tariffs

By: Reuters     20th May 2019 Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. US President Donald Trump had imposed the global "Section 232" tariffs of 25% on steel... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

Eunomix CEO Claude Baissac (right) with Mining Weekly Online's Martin Creamer
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

LME appoints first female chairperson in its history

By: Reuters     10th May 2019 The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans – the first female chairperson in its 142-year history. Evans, who is also on the board of Itau BBA International and has previously worked at Citi, Barclays Capital and the UK's... 

Norsk Hydro's new CEO takes the helm pledging deeper cost cuts

By: Bloomberg     10th May 2019 Norsk Hydro needs to extend its cost cutting after a production halt in Brazil erased the benefits of previous cuts, according to its new CEO. “We’ve been heavily affected by the Brazil situation,” Hilde Merete Aasheim, who started as CEO on Wednesday, said in an interview in Oslo. “The effect... 

Hilde Merete Aasheim
Hilde Merete Aasheim
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