Aluminum

BHP Billiton (ASX, NYSE:BHP) has reportedly chosen mining venture B&A Mineração as the preferred bidder for its Mount Nimba iron ore mine, one of the largest deposits of the mineral in Guinea.

While the world concerns itself with the Syrian civil war and the dangers it poses for the already disturbed Middle East, little notice is taken of the conflicts affecting Africa, probably the single most complex region of the world and arguably its most troubled, warned Tuesday the Centre for Research on Globalization (CRG).

The drop comes amid a serious overcapacity problem in the electrolytic aluminum industry.

At maximum export capacity the mine will bring an additional 60 ships to the marine park.

Australia’s federal government has agreed to back the construction of a proposed gas pipeline to supply Rio Tinto’s (LON, ASX:RIO) struggling Gove aluminum operations in the country’s Northern Territory.

A prominent Indonesian businessman has warned foreign miners of the perils of investing in his own country over the next two years due to new laws which curb overseas ownership.

Chinese investors and suppliers are flocking to Indonesia in the lead up to the archipelago nation's imposition of a ban on mineral exports in 2014.

ArcelorMittal, the world's largest steel producer, is considering to sale a stake in its $10 billion Canadian iron ore business, in an attempt to weather the slump in its key commodity, reports FT.

BHP Billiton (ASX,LON,NYSE:BHP), the world’s biggest miner by market value, posted Wednesday a weaker than expected September quarter from its West Australian iron ore mines as the company’s work on expansion plans affected production figures.