South32 Boosts Aluminium Production By 15% In FY2023
Australian metals miner South32 reported results for the fiscal year ending on June 30. The difficult market for raw materials,...
Africa
Lindian Resources Advances Gaoual Bauxite Project with MOU
Lindian Resources is set to commercialize its Gaoual bauxite project in Guinea, signing a memorandum of understanding (MOU) for a potential sales agreement with the recognized miner, Compagnie des Bauxites de Guinée (CBG). Lindian has pledged to finalize a feasibility study for...
Canyon Resources Wins Major Investment At Minim Martap Bauxite Mine
Canyon Resources announced last week that it is planning for a new strategic investment by Eagle Eye Asset Holdings Pte...
Guinea Alumina and Electricité de Guinée Ink Agreement On Sustainable Electricity Supply
Emirates Global Aluminium (EGA) affiliate Guinea Alumina Corporation (GAC) and Electricité de Guinée (EDG) signed an agreement to guarantee a...
Events
Rusal Considering Restarting Nigerian Aluminium Smelter
Embattled Russian aluminium producer UC Rusal is weighing restarting an aluminium smelter in Nigeria that has been idle for a decade. Last week Nigeria’s vice president Kashim Shettima discussed the possibility with Rusal brass at the Russia-Africa meeting in St. Petersburg. The Nigerian government is already working on restoring production at the Alscon aluminium smelter. […]
Aluminium Stewardship Initiative Welcomes 300th Member In Wyda South Africa
The Aluminium Stewardship Initiative (ASI) rose its membership to 300 last week when it welcomed Wyda South Africa into the fold. Wyda South Africa enters ASI as an Industrial User. ASI reached its 300th member less than two years after reaching its 200th member in November 2021. Chanel Swartz, Internal Sales, said in a press […]
Wet Weather Leads To 8 Percent Drop In Expected Output At South32’s Mozal Aluminium
Australian metals miner South32 warned investors this week that output at many of its operations is likely to be lower than forecasted due to wetter-than-expected weather during the financial third quarter, leading to a ten-percent loss in the firm’s stock value in the hours following the announcement. Although volumes are likely to be down at […]
Metalco Planning US$2.7B Domestic Aluminium Smelter Partnership
Egyptian Company for Metal Constructions (Metalco) announced last week its plans to build a US$2.7 billion aluminium smelter aimed at catering to both the local and overseas markets. Per company officials, Metalco is in talks with a possible partner in the venture, which would yield an aluminium smelter with a nameplate capacity of 600 thousand […]
GAC Becomes First Plant In Guinea To Win Aluminium Stewardship Initiative Performance Standard Certification
The Aluminium Stewardship Initiative (ASI) announced this week the certification of Guinea Alumina Corporation SA (GAC) under its Performance Standard V2 (2017). The ASI certification of GAC, a wholly owned subsidiary of Emirates Global Aluminium PJSC (EGA), is the organization’s first-ever certification in Guinea. Covered under the new certification are GAC’s bauxite mining operations close […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
