Aluminum

Peru set to regain world’s second largest copper producer place this year

Cecilia Jamasmie | April 20, 2014
Peru set to regain world’s second largest copper producer place this year

The South American nation lost the title to China in 2012.

Ebola outbreak in Guinea forces miners to lock down operations

Cecilia Jamasmie | April 3, 2014
Ebola outbreak in Guinea forces miners to lock down operations

Brazilian iron ore giant Vale has removed its six international employees and put its local workers on leave.

BHP bullish on coal demand, but says prices to remain weak

Cecilia Jamasmie | April 2, 2014
BHP bullish on coal demand, but says prices to remain weak

The mining giant believes demand for coal to keep growing over the next 20 years, driven mainly by China and India.

BHP Billiton mulls spinning off non-core divisions into $18bn firm

Cecilia Jamasmie | April 1, 2014
BHP Billiton mulls spinning off non-core divisions into a $18bn firm

The separate company would be listed on the London Stock Exchange, as well as the Australian and South African markets.

Orbite shares stage huge comeback

Frik Els | March 27, 2014
Orbite shares stage huge comeback

Stock in Montreal-based metal technology and alumina company which mysteriously tanked yesterday regained most of the lost ground on Thursday.

Mysterious stock dump sends Montreal metals junior tanking

Frik Els | March 26, 2014
Mysterious stock dump sends Montreal metals junior tanking

Orbite Aluminae crashed 36% in massive volumes on Wednesday without any fresh news that could have prompted the sell-off in the alumina and rare earth technology company.

Five major copper mines to begin operations in Peru by 2016

Cecilia Jamasmie | March 16, 2014
Five major copper mines to begin operations in Peru by 2016

Combined estimate investment exceeds $13 billion, says the government.

Shale gas revolution unlikely to go global any time soon: BHP’s MacKenzie

Cecilia Jamasmie | March 5, 2014
BHP’s Mackenzie vows ‘substantial’ cash returns to shareholders by June

The world’s No.1 mining company's CEO believes coal will remain the main source of affordable energy for growing economies.

Mining opposition risks $57bn projected investment in Peru

Cecilia Jamasmie | February 3, 2014
Mining opposition risks $57bn projected investment in Peru

Last year alone there were 149 conflicts involving mines in the country.

Buyers line up for Montenegro's bankrupt aluminum plant and biggest exporter

Cecilia Jamasmie | January 10, 2014
Buyers line up for Montenegro's bankrupt aluminum plant and biggest exporter

At least four companies have placed bids to buy assets of Montenegro's Kombinat Aluminijuma Podgorica (KAP) aluminum plant.

Copper hits four-month high, set for highest monthly rise since Sep 2012

Cecilia Jamasmie | December 27, 2013
Copper hits four-month high, set for highest monthly rise since Sep 2012

Dr. Copper sending positive signs for 2014.

World's No.1 aluminum producer sues LME

Cecilia Jamasmie | December 24, 2013
World's No.1 aluminum producer sues LME

Rusal is challenging the LME's plans to reform how it stockpiles commodities.

Peru’s mining attracted close to $9bn in investments this year

Cecilia Jamasmie | December 16, 2013
Peru’s mining attracted close to $9bn in investments this year

The potential is appealing. Peru holds13% of the world's copper reserves, 4% of gold, 22% of silver, 7.6% of zinc, 9% of lead and 6% of tin reserves.

Vale slashes investment budget for third straight year to $14.8bn

Cecilia Jamasmie | December 2, 2013
Vale slashes investment budget for third straight year to $14.8bn

Budget for 2014 is 9.2% lower than last year’s and well below the $18 billion total from 2011.

Rio Tinto closing alumina refinery in Australia, 1,100 jobs to be lost

Cecilia Jamasmie | November 29, 2013
Rio Tinto closing alumina refinery in Australia, 1,100 jobs to be lost

The Gove refinery has been struggling for a while, due mainly to low prices.

Aluminum prices follow gold’s steps, down to four-year low

Cecilia Jamasmie | November 28, 2013
Aluminum prices follow gold’s steps, down to four-year low

Market struggling with oversupply.

Guinea strikes $5bn mine deal with Abu Dhabi, Dubai

Cecilia Jamasmie | November 25, 2013
Guinea strikes $5bn mine deal with Abu Dhabi, Dubai

Deal includes developing a bauxite mine and alumina refinery in the west African country.

Newly developed aluminum alloy stores hydrogen for fuel cells

MINING.com Editor | November 5, 2013
Aluminum alloy

Aluminum-based alloy hydrides are light weight, non-toxic to plants and animals, and contain no volatile gas products, except hydrogen.

Aluminum giant Alcoa struggles with power for its three smelters in Canada

Cecilia Jamasmie | October 30, 2013
Aluminum giant Alcoa to close its three smelters in Canada

About 3,300 people would lose their jobs.

Rio sells stake in Clermont coal to Glencore for $1bn

Cecilia Jamasmie | October 25, 2013
Rio sells stake in Clermont coal to Glencore for $1 billion

The mining giant is selling its 50.1% stake in Clermont coal mine to a company jointly owned by Glencore Xstrata and Sumitomo Corporation.

China to become world’s main consumer of base metals by 2017— report

Cecilia Jamasmie | October 18, 2013
China to become world’s main consumer of base metals by 2017— report

Wood Mackenzie also predicts the global base metals market will grow from 96Mt in 2013 to 122 Mt by the end of 2018.

Done deal: Rio sells mothballed Blair Athol coal mine to Linc Energy

Cecilia Jamasmie | October 4, 2013
Done deal: Rio sells mothballed Blair Athol coal mine to Linc Energy

Acquisition comes a day after Linc said it wants to get de-listed from the Australian market to re-list it in Singapore, in hopes of luring Asian investors.

Rio Tinto to sell closed Blair Athol coal mine

Cecilia Jamasmie | October 2, 2013
Rio Tinto to sell closed Blair Athol coal mine

Talks with Linc Energy Ltd are said to be at an advanced stage and an agreement may be announced as soon as tomorrow.

Rio and Chalco abandon bid for $20bn bauxite deposit in Australia

Cecilia Jamasmie | September 18, 2013
Rio and Chalco pull out of $20 billion bauxite deposit in Australia

The move surprised investors, especially since Chalco had previously held the lease and was willing to develop the resource.

BHP Mackenzie tightens senior executives’ belts: cuts bonuses, gives up shares

Cecilia Jamasmie | August 23, 2013
BHP Billiton cuts spending by 25%

He won't be getting his full sign-on award shares worth US$1.5 million.

Goldman Sachs subpoenaed in metal prices investigation

Anthony Halley | August 14, 2013
secret financing 333

The CFTC is looking into claims that the warehouses intentionally increased buyer costs by slowing the movement of supply.

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