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Aluminium News

Critical minerals, food crops at risk of climate disruption by 2050, report shows

By: Darren Parker     30th April 2024 More than 70% of critical minerals needed for the transition to net zero emissions will be at risk from climate disruption by 2050, professional services firm PwC says. The firm's latest report, titled ‘Climate Risks to Nine Key Commodities Report’, shows that the production of copper, cobalt and... 

Glencore bought aluminium from Rusal worth $1.06bn in 2023

By: Reuters     29th April 2024 Commodities group Glencore bought aluminium from Russian producer Rusal worth $1.06-billion in 2023 as part of their long-term contract, the Russian producer said in an annual report on Friday. Although Rusal, the world's largest producer outside China accounting for 5.5% of global output,... 

Vedanta misses Q4 profit estimates on lower prices

By: Reuters     25th April 2024 ndian mining group Vedanta reported a 27% drop in fourth-quarter profit on Thursday, reflecting weaker prices of major metals like aluminium and zinc amid ballooning finance costs. The oils-to-metals conglomerate, led by billionaire Anil Agarwal, posted a consolidated net profit of 13.69-billion... 

How 30 years of democracy has transformed South Africa's mining industry  

By: Martin Creamer     25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... 

Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa CEO Mzila Mthenjane.

LME moves to stop gaming of Russian aluminium sanctions-based rule

By: Reuters     24th April 2024 The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it at a later date to profit from rule changes to comply with new sanctions. The US and Britain earlier this month banned the LME from accepting new Russian... 

LME moves to stop gaming of Russian aluminium sanctions-based rule

South32 reports improved operating results for March quarter

By: Darren Parker     22nd April 2024 Diversified miner South32 has reported an overall improvement in its operating results for the March quarter and record year-to-date production at Hillside Aluminium, in KwaZulu-Natal, and South Africa Manganese, in the Northern Cape, along with a 60% increase in quarterly volumes at Illawarra... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

Minerals Council South Africa setting out to boost local demand for green hydrogen 

By: Martin Creamer     17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

Glencore acts to profit from LME post-sanction rule change

By: Reuters     17th April 2024 Mining and trading house Glencore aims to take thousands of metric tons of Russian aluminium from the London Metal Exchange (LME) and return it at a later date to profit from rule changes, three sources familiar with the matter said. The LME has banned from its system Russian aluminium, copper... 

Glencore acts to profit from LME post-sanction rule change

Alpha HPA and Renascor score A$585m in loans for critical minerals projects

By: Mariaan Webb     17th April 2024 Australian Prime Minister Anthony Albanese on Wednesday announced the federal government’s support for two critical minerals projects in Queensland and South Australia, a move aimed at fostering local manufacturing and creating jobs. Alpha HPA is set to receive A$400-million in new loans to... 

Australian PM Anthony Albanese
Australian PM Anthony Albanese

Rio Tinto reports dip in first-quarter iron-ore shipments

By: Mariaan Webb     17th April 2024 Diversified mining group Rio Tinto has reported lower first-quarter iron-ore shipments of 78-million tonnes, amounting to a 5% year-on-year decline. The company attributed the dip to weather disruptions at ports, leading to a lower stock drawdown, and decreased production from certain mines in... 

Rio Tinto CEO Jacob Stausholm says the group delivered stable operating results in the first quarter.
Rio Tinto CEO Jacob Stausholm says the group delivered stable operating results in the first quarter.

Rusal says new Western sanctions won't hurt its aluminium supply

By: Reuters     15th April 2024 Russian aluminium giant Rusal said on Monday that new sanctions on Russian metals introduced by the United States and Britain will have no impact on its ability to supply aluminium to world markets. Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminium,... 

Rusal says new Western sanctions won't hurt its aluminium supply

Metals spike on LME after Russian supply hit by US, UK sanctions

By: Bloomberg     15th April 2024 Aluminum and nickel surged on the London Metal Exchange as traders responded to new US and UK sanctions that banned deliveries of any Russian supplies produced after midnight on Friday. The new restrictions, aimed at curbing President Vladimir Putin’s ability to fund his military, inject major... 

The new restrictions are at curbing President Vladimir Putin’s ability to fund his military
The new restrictions are at curbing President Vladimir Putin’s ability to fund his military

South Africa's science, innovation dept launches circular minerals, metals initiative 

By: Darren Parker     11th April 2024 South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in... 

DSI technology innovation deputy director general Mmboneni Muofhe
Photo by Creamer Media
DSI technology innovation deputy director general Mmboneni Muofhe

Platinum-linked green hydrogen set to be world’s ‘new oil’, Forbes article highlights  

By: Martin Creamer     10th April 2024 There's no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This initiative has ballooned to 150 multinationals companies from its modest 13-leader 2017 launch at the... 

Hydrogen economy, platinum group metals go together.
Photo by Inforgraphic: Heraeus Precious Metals
Hydrogen economy, platinum group metals go together.

Use underground mines for electricity storage, optimise mine water use – Karst Hydro  

By: Martin Creamer     8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. 

Karst MD Guy Richards.
Karst interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Baatar appointed Rio Tinto COO to spearhead global business development

By: Mariaan Webb     8th April 2024 Multinational mining giant Rio Tinto has announced the appointment of Bold Baatar as its COO, tasked with spearheading the group's commercial and business development endeavors worldwide. Baatar's ascent comes as Alf Barrios, the incumbent COO, prepares for retirement from Rio Tinto. 

Bold Baatar
Bold Baatar

Mines investing R46m to put an end to fall-of-ground fatalities   

By: Martin Creamer     5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... 

The next breakthrough must be zero fatality
Action plan to end fall of ground fatalities covered by Mining Weekly's Martin Creamer.

World’s top aluminum producer sees raw material supply risk in Guinea

By: Bloomberg     28th March 2024 Aluminum Corp of China said it sees “relatively high” risks to supplies of bauxite from Guinea, highlighting its growing dependence on a single country for the raw material. The West African nation last year provided 70% of China’s imports of bauxite, which is used to produce aluminum. That’s... 

Mechanical cutting is going to be key for mining going forward – Master Drilling  

By: Martin Creamer     26th March 2024 Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg Stock Exchange-listed company presented a dividend-yielding set of 2023 full-year results that... 

Master Drilling CEO Danie Pretorius.
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

US announces $6bn to clean up heavy manufacturing

By: Bloomberg     26th March 2024 The first new US aluminum smelter in 45 years may be built as part of about $6-billion in grants the Biden administration is awarding to companies in a bid to clean-up hard to decarbonise industries including metal, paper and glass. Century Aluminum Co., once a central beneficiary of former... 

US announces $6bn to clean up heavy manufacturing

Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI  

By: Martin Creamer     22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. 

AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
AECI CEO Holger Riemensperger interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Biden set to award billions to decarbonise US heavy industries

By: Bloomberg     22nd March 2024 The Biden administration is poised to award as much as $6.3-billion in dozens of grants to help hard-to-decarbonise industries cut emissions, according to people familiar with the matter. Details on the projects that have received funding are expected to be announced as soon as Monday, said the... 

US President Joe Biden
Photo by Reuters
US President Joe Biden

Stage set for mining explosives centenarian to capture global top-three spot   

By: Martin Creamer     20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... 

Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
AECI's 100-year celebration covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer. Picture: Hush Naidoo.

Put sanctions on Russian-origin aluminium not on Rusal, industry group says

By: Reuters     18th March 2024 ndustry group European Aluminium wants the European Union to impose sanctions on aluminium supplied from Russia but not EU-based companies owned by Rusal which produces bauxite and alumina outside Russia some of it imported by Europe. The group has been lobbying the EU for a ban on... 

Rusal's profit slumps on subdued prices despite higher sales

By: Reuters     15th March 2024 Russia's Rusal boosted physical aluminium sales last year thanks to Asian markets, but low prices caused its net profit to slide 84%, the world's largest aluminium producer outside China said on Friday. Although Rusal itself is not a target of Western sanctions, its production costs have surged... 

South32 shuffles Australia lead team deck

By: Creamer Media Reporter      14th March 2024 As South32 prepares for the impending sale of the Illawarra metallurgical coal mine, the company has announced changes to its lead team in Australia. Jason Economidis, currently South32 COO for Australia, will become CEO of GEAR M Illawarra Met Coal when the transaction is completed in the first... 

Alumina agrees $2.2bn all-stock buyout offer from US-based Alcoa

By: Reuters     12th March 2024 Australia's Alumina said on Tuesday it has agreed to be acquired by US aluminium producer Alcoa for a $2.2-billion all-stock buyout offer. The terms of the deal are consistent with Alcoa's offer for Alumina announced on February 26, when Alcoa's CEO William Oplinger told analysts the deal would... 

Alumina agrees $2.2bn all-stock buyout offer from US-based Alcoa

Tsodilo withdraws contempt motion as Botswana Minister complies

By: Darren Parker     6th March 2024 Canadian mineral resources exploration and development company Tsodilo Resources has withdrawn its contempt motion, which sought to hold Botswana Minerals and Energy Minister Lefoko Moagi to account for his failure to comply with an earlier High Court judgment, handed down on December 15, in... 

Metals offer lukewarm reaction to China's economic targets

By: Bloomberg     6th March 2024 Base metals drifted lower as traders assessed China’s 2024 economic goals for clues on the prospects for a significant rebound in the construction sector. Industrial commodities have struggled this year amid a disappointing recovery in the world’s second-largest economy, and investors are... 

Alcoa aims to take out Australian partner Alumina in $2.2bn deal

By: Reuters     26th February 2024 US aluminium producer Alcoa on Monday made a non-binding, conditional buyout proposal for its Australian joint venture partner Alumina, valuing the company at $2.2-billion in an all-stock offer. The deal raises exposure for the major aluminium maker in the upstream business of aluminium and... 

Alcoa aims to take out Australian partner Alumina in $2.2bn deal

Aluminum spikes as White House plans fresh sanctions on Russia

By: Bloomberg     21st February 2024 Aluminum surged on speculation that a fresh wave of US sanctions against Russia may target the metal, potentially disrupting supplies. US President Joe Biden said the US plans to unveil a “major” sanctions package against Moscow on Friday, although he wasn’t specific about which industries would... 

Crucial decarbonisation investigation into Hillside Aluminium is continuing intensely  

By: Martin Creamer     16th February 2024 Solutions to support decarbonisation, while ensuring operational competitiveness into the future, are continuing to be intensely investigated at South Africa's large Hillside Aluminium operation in KwaZulu-Natal, South32 CEO Graham Kerr assured Mining Weekly in an interview on Thursday, following... 

South32 CEO Graham Kerr.
South32 CEO Graham Kerr.

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Vedanta focused on becoming ESG leader 

7th February 2024 Good governance and sustainable development are at the core of diversified global natural resources and technology conglomerate Vedanta Group's strategy, with a strong focus on health, safety and environment, and on enhancing the lives of local communities. The group is focused on becoming the... 

Vedanta focused on becoming ESG leader

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Russia's Rusal loses suit against Rio Tinto over alumina refinery, can appeal

By: Reuters     2nd February 2024 Russian aluminium producer Rusal has lost a lawsuit against global miner Rio Tinto that sought to win back access to its 20% share of the alumina produced at a jointly owned refiner in Queensland, a Australian Federal Court filing showed on Friday. Australia responded to Russia's 2022 invasion of... 

A conveyor at the QAL refinery
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