If aluminium has a pressure point right now, it sits one step upstream of the metal itself - in alumina. China’s appetite for imported ore remains elevated, alumina markets diverge between regions, and disruptions in Guinea and Australia expose logistics risks. At the same time, tariffs and...
Alcoa’s proposed acquisition of South32’s aluminium assets in Australia, Brazil and South Africa is an important development for the global aluminium industry, particularly for South Africa’s primary aluminium production. Aluminium Federation of South Africa (AFSA) CEO, Muzi Manzi, said, “On July...
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Bahrain's Midal Cables said on Wednesday it had spent $65 million to construct an aluminium factory in the Mozambican capital that will export to other African countries. The plant, situated near Mozambique's Mozal aluminum smelter, has an annual output capacity of 50,000 metric tonnes and will...
Nampak, Africa’s leading manufacturer of beverage, food and non-perishable packaging reported that strong results from the rest of the continent were offset by headwinds faced by its South African operations in the six months ended 31 March 2015. “Trading profit from high-margin businesses in the...
Investigators probing the lucrative cable and metal theft cartels in South Africa believe the illegal industry can be brought to its knees by increasing security at all ports of entry. The stolen metal snoops believe large amounts of scrap metal are being illegally exported without being offered to...
Canyon Resources has been granted an ASX trading halt in relation to a capital raising. The halt will last until the earlier of the announcement being made or the start of trade on Friday, 8th May 2015. Canyon is focused on advancing development of the Birsok Bauxite Project in Cameroon. During the...
With the help of Collect-a-Can, Bisant Matsi has gone from waste collector to a prominent and successful recycling business owner in Burgersfort, Mpumalanga, inspiring his local community by showing them the value that exists in waste. Nineteen years ago, Matsi, started his recycling operation with...
Aziana Limited is selling off its Manatenina bauxite project of Madagascar to Thankys Exports Pvt. Ltd and a conditional sale agreement has been decided upon by the two parties. As per the conditions of the purchase, the buyer company will pay a total purchase amount of $2 million to seller company...
Guinea cancelled a tender for bauxite mining blocks that sources said had been won by a Chinese firm in partnership with figures in President Alpha Conde’s political party. The government did not give any reason on Thursday for cancelling the tender for the blocks in Boffa, some 150 km (93 miles)...
While Chinese investments in Africa get enough media coverage, Middle East is silently entering the African continent with their own plans for strategic investment. Abu Dhabi’s Mubadala Development and Dubai Aluminium (Dubal) is planning a US$5 billion investment to develop the upstream industry...
Outotec has completed the acquisition of Kempe Engineering's aluminum smelter technologies as well as service and spare parts businesses in the Middle East and Africa. The acquisition was announced on January 12, 2015. The parties have agreed not to disclose the acquisition price. The acquisition...
HULAMIN saw record results in the year to December as normalised earnings rocketed 76% and headline earnings per share skyrocketed 96%, with operating cash flows soaring 83% to R518m. This saw the maker of aluminium products declare its first cash dividend since financial 2008 as it resumed its...
Canyon Resources, to facilitate easier access to the new under-development Birsok Bauxite Project, has signed a Memorandum of Understanding with Bolloré Africa Logistics Cameroon, operators of the Doula port and Camrail SA. The company has 75% stakes in the budding mining project in the town of...
A local aluminium manufacturer named Inter Africa Extrusion is applying for a prospecting license to explore the regions in Southern Nations Nationalities and Peoples Regional State (SNNPR) after discovering aluminium through a recent survey. The company had teamed up with a Chinese firm to carry...
The Company of Guinea Bauxite exhibited an exemplary production performance as a result of the ambitious drive of the senior managers, setting a record of 15,239,218 metric tons of bauxite of 3% moisture in the year 2014 and bringing big smiles on the shareholders’ faces. To celebrate this grand...
The metal industry is beginning to receive positive signals as the Federal Government intensifies plans to reduce annual import of basic metal (including aluminium), iron and steel, which is valued at $3.3 billion. The Federal Government is spearheading a move to bring in investors that will...
The independent maiden inferred mineral resource estimate for the Toubal bauxite deposit, in Guinea, West Africa, has been labelled an important milestone for Irish-registered Anglo-African Minerals (AAM) subsidiary Tougué Bauxite and Alumina Corporation (Toubal). AAM CEO James Lumley said in an...
Anglo-African Minerals completion of Scoping Study for FAR Bauxite Project, Guinea, West Africa Inferred Mineral Resource of 43 million tonnes Positive NPV of US$ 163 million Anglo-African Minerals Plc, the GXG quoted mineral exploration company focused on bauxite in West Africa is pleased to...
The Mozal aluminium foundry is once again the largest company in Mozambique, a position it has held for more than a decade, according to the list of Mozambique’s 100 Largest Companies in Mozambique by auditing firm KPMG Mozambique. Based on the results for 2013, the KPMG study shows that Mozal...
Recycling is gradually becoming part of the way of life in Ivory Coast. It is already common practice to sort plastic bottles and now beverage can recycling has made its appearance. Yehni Djidji, an Ivorian blogger, tells us more. Once the beverage cans have been melted down, they can be used to...
