No Time Like the Present for Renegotiating Power Contract for S. African Aluminium Smelter: South32 CEO Kerr
South32’s CEO Graham Kerr told the media earlier this week that the time for his firm to negotiate a new...
BHP Billiton
Alcoa Of Australia Inks Trio Of Natural Gas Contracts To Supply Kwinana, Pinjarra, and Wagerup Alumina Refineries
Western Australia’s Alcoa of Australia Limited announced earlier this week an agreement with a trio of energy providers to supply one-quarter of the firm’s requirement for natural gas beginning in 2020. Per a company press release, Alcoa of Australia has contracted with...
Chalco to Invest in US$500 Million Bauxite Project in Guinea
The government of the Republic of Guinea announced earlier this week that the People’s Republic of China’s Aluminum Corporation of...
Abal Sees Lower Aluminium Imports into Brazil This Year As Premiums Climb
Prices and demand for aluminium in Brazil are expected to rise in the coming year according to the experts interviewed...
Events
South32 Not Planning to Restart Idled Aluminium Capacity Before 2018
Australian metals miner South32 indicated on Thursday that it does not expect to reopen idled capacity at its aluminium and manganese operations in southern Africa in the course of the next two years. The firm idled the capacity in question due to a combination of depressed prices and an unreliable power supply in the region. […]
BHP Billiton Ends FY 2016 US$6.4 bln in the Red
Anglo-Australian mining giant BHP Billiton reported final results for FY 2016 yesterday, ending a challenging financial year both on the books and in the field. The firm ended the year US$6.4 billion in the red, representing the largest annual loss in its history. The US$7 billion in impairment charges acted as a financial millstone around […]
South32 Posts Solid Numbers for Just-Ended FY2016
Australian metals miner South32 released its Quarterly Report last week. The firm’s numbers met or exceeded FY2016 guidance for the just-ended financial year. According to the report, South32 produced 963,000 metric tons of aluminium, which was slightly less than the one million tons produced the previous year. South African aluminium remained level at 697,000 metric […]
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 […]
South32 – new start in bad times
South32, a diversified recourse company, has had a difficult start since May 2015 after spinning off from its parent company, BHP Billiton. The turmoil in commodities has set a grim backdrop to the miner’s stock market debut. Since then the company’s shares have declined almost 50%, similar and parallel to BHP. Both have seen profits […]
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 businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
