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...
South32
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, coupled with a rise in materials costs and logistical difficulties occasioned by the Russian invasion of Ukraine drew down the firm’s bottom...
South32 Seeks Nuclear Power Deal With Eskom
Australian metals miner South32 is reportedly in talks with power provider Eskom to purchase nuclear power to run its Hillside...
South32’s Aluminium Operations Take Hit in 2022 Due To Shipping Snarls
Australian metals miner South32 noted in a quarterly filing that its production of aluminium and other minerals were on par...
Events
Alba And South32 Agree On Decade-Long Alumina Supply Agreement
Australian metals miner South32 announced last week a new alumina supply agreement with Aluminium Bahrain B.S.C. (Alba). The new agreement will run for ten years beginning in 2023 and volume options in the agreement allow the supply requirement to increase by 1.25 million metric tons per annum. Alba benefits from the new arrangement by having […]
South32 Aiming To Double Green Aluminium Production By Late 2023
Australian metals miner South32 is well on its way to becoming a global, diversified metals firm thanks to the significant changes the firm has undergone in the past year, noted the company’s chief development officer Simon Collins in a virtual conference held last week. Collins told the Prospectors & Developers Association of Canada online conference […]
South32 Increases Its Share In Mozal Aluminium To 63.7 Percent
Australian metals miner South32 announced this week that it has purchased an additional 16.6 percent of Mozal Aluminium from MCA Metals Holding GmbH for about US$200 million. Per the firm, South32’s ownership of Mozal Aluminium now totals 63.7 percent, giving it an equity share of production of 281 thousand metric tons for the current fiscal […]
Record High Prices For Aluminium Do Little To Help South32 Clear Inventories In Latest Quarter
Despite receiving record high prices for aluminium at its Hillside smelter, South32 continues to experience difficulties in clearing inventory at both Hillside smelter in South Africa and Mozal aluminium smelter in Mozambique. In comments made during a second-quarter production update on Monday, the firm said it is exploring options to move more aluminium product and […]
South32 Negotiates US$1.4-Billion Sustainability Linked Revolving Credit Facility
Australian metals miner South32 announced this week the successful refinancing of a US$1.4 billion sustainability-linked revolving credit facility. The new, five-year loan is among the mining industry’s first sustainability-linked credit facility. The facility, which includes an option to extend by two more years, includes benchmarks for reducing emissions and improving efficient use of electricity and […]
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 ...
