Aluminum

Rio Tinto, Alcoa step aside for Australia’s largest national park

Cecilia Jamasmie | March 24, 2015
Rio Tinto, Alcoa step aside for Australia’s largest national park

They'll hand back more than 175,000 hectares of prime conservation land they have held since 1971 to West Australia, ditching plans to build a bauxite mine and an alumina refinery in the area.

South Africa woes cast doubt on BHP spin-off success

Cecilia Jamasmie | March 23, 2015
South Africa woes cast doubt on BHP spin-off South32 success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

Cecilia Jamasmie

BHP pins hopes on spin-off South32

Cecilia Jamasmie | February 24, 2015
BHP pins hopes on spin-off South32

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.

Birla said to plan $1bn aluminum exports

Mineweb | December 21, 2014

Hindalco Industries Ltd., owned by Indian billionaire Kumar Mangalam Birla, is targeting a record $1 billion of aluminum exports by March 31 buoyed by rising U.S. and European demand, people with knowledge of the matter said.

Forget ‘NewCo’: BHP Billiton spin-off named South32

Cecilia Jamasmie | December 8, 2014
South Africa woes cast doubt on BHP spin-off South32 success

The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.

New low in oil prices drags BHP Billiton stock below 2009 levels

Cecilia Jamasmie | December 1, 2014
New low in oil prices drags BHP Billiton stock below 2009 levels

The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.

Rio Tinto cuts spending, defers capex, keeps dividend

Cecilia Jamasmie | November 28, 2014
Rio Tinto cuts spending, defers capex, keeps dividend

The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.

When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Cecilia Jamasmie | November 26, 2014
When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Report shows there are 39 assets in production within the Ebola-affected region.

BHP warns more cost cuts, management shake up before demerger

Cecilia Jamasmie | November 24, 2014
BHP warns more cost cuts, management shake up before demerger

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

Cecilia Jamasmie | November 20, 2014
U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

The two-year investigation concluded that Goldman Sachs, Morgan Stanley and JP Morgan have been manipulating commodity prices.

Credit Suisse analyst Michael Slifirski: new non-Chinese graphite and vanadium supply could create new demand

The Mining Report | November 18, 2014
Graphite

More may really be better for end users and mining companies when it comes to graphite.

BHP abandons Venus nickel project in Australia

Cecilia Jamasmie | November 14, 2014
BHP abandons Venus nickel project in Australia

The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.

BHP closer to unveiling details of upcoming spin-off

Cecilia Jamasmie | November 9, 2014
BHP closer to unveiling details of upcoming spin-off

The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Analyst: Glasenberg could grab Rio by way of China

The move is seen by analysts as an attempt to strengthen the firm’s image.

Worldwide nonferrous metals exploration budgets down 25% in 2014

SNL Metals & Mining | October 22, 2014
exploration mining geologist

Total worldwide budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Cecilia Jamasmie | October 17, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

$1M worth of Viking treasures unearthed in Scotland

Cecilia Jamasmie | October 14, 2014
$1M worth of Viking treasures unearthed in Scotland

More than 100 objects, including solid gold jewellery, arm bands and silver ingots are part of the trove, one of the largest discoveries of Viking treasure in Scotland.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Open the door

Nickel is present in over 3000 different alloys that are used in over 300,000 products for consumer, industrial, military, transport/aerospace, marine and architectural applications.

Cecilia Jamasmie

Gold prices hurting miners? Throw Ebola into the mix

Cecilia Jamasmie | October 3, 2014
Gold prices hurting miners? Throw Ebola into the mix

Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.

London Metal Exchange raises fees by a third

Cecilia Jamasmie | September 30, 2014
London Metal Exchange raises fees by a third

This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.

BHP to go ahead with London-listing of demerged $15bn firm

Cecilia Jamasmie | September 24, 2014
BHP to go ahead with London-listing of demerged $15bn firm

New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.

Guinea said in talks on $14 billion bauxite mine forsaken by BHP

Bloomberg | September 13, 2014
Glencore said to be eyeing Simandou North

China’s Shandong Xinfa Aluminum & Electricity Group is in talks with Guinea to invest $14 billion in a bauxite project abandoned by BHP Billiton said a government official with knowledge of the matter.

Anglo American chief not going for any major corporate split

Cecilia Jamasmie | September 7, 2014
Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

Less than 2% of Peru’s total mining concessions are active

Cecilia Jamasmie | August 28, 2014
Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

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