Africa

South African Firm Hulamin Reports Strong Performance for First Half of 2016

South African Firm Hulamin Reports Strong Performance for First Half of 2016

South African rolled and extruded aluminium producer Hulamin released unaudited half-year results for 2016 on Monday, turning in strong numbers for the period. Although the company described market conditions as soft, Hulamin fell just short of doubling the previous year’s entire profits,...

Events

Dubai Firm Soliciting Funds to Develop US$8 Bln Bauxite Mine in Guinea

A resources firm based in Dubai has been in negotiations with certain trading houses to begin development of Guinea’s bauxite reserves. The reserves, once held by Anglo-British firm BHP Billiton, are reportedly valued at US$8 billion. Gajah Investment Group’s co-founder James Tounkara indicated in an interview that he expected interest from the People’s Republic of […]

Iran Seeks US$10 Billion to Revive Domestic Aluminium Industry

The government of the Islamic Republic of Iran is in search of a US$10 billion investment to help it kick-start its domestic aluminium industry. Experts expect the industry to export over sixty percent of production, tapping into the growing global demand for the versatile metal. “The government of President Hassan Rouhani has decided to revive […]

Revised Bauxite Mining Regs to be Completed by End of Moratorium: Deputy Minister

Malaysia’s Ministry of Natural Resources and Environment said on Wednesday that it expected to have modified standard operating procedures (SOPs) in place by the end of the present moratorium on bauxite mining. According to remarks by Deputy Natural Resources and Environment Minister Datuk Hamim Samuri, most details surrounding the new SOPs have been painstakingly ironed […]