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...
Australian metals miner South32 is reportedly in talks with power provider Eskom to purchase nuclear power to run its Hillside Aluminium plant, which they say may no longer be competitive without access to more affordable power. South32 is seeking to buy about...
Australian metals miner South32 noted in a quarterly filing that its production of aluminium and other minerals were on par...
Australian metals miner South32 announced last week a new alumina supply agreement with Aluminium Bahrain B.S.C. (Alba). The new agreement...
Australian metals miner South32 is well on its way to becoming a global, diversified metals firm thanks to the significant...
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 […]
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 […]
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 […]
Australian metals miner South32 increased its share in Mozambique’s Mozal Aluminium earlier this week, increasing its stake in the aluminium smelter to slightly over 72 percent. South32 bought the additional 15 percent share from Mitsubishi subsidiary MCA Metals Holding for US$250 million. Remaining shareholders are the Industrial Development Corporation of South Africa, which holds 24 […]
Pittsburgh aluminium pioneer Alcoa Corporation announced this week the reopening of its Alumar aluminium smelter in São Luís, Brazil. The operation has been shuttered since 2015. Alcoa says it is immediately restarting the facility, with the expectation that first metal will emanate from the plant in the middle of next year. The entire nameplate capacity […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...