The Mozambican government said negotiations are under way regarding the future of the Mozal aluminium smelter, the country's largest industrial operation. The facility has been under care and maintenance since March after operations were halted over concerns about rising electricity costs....
Africa’s aluminium sector entered 2026 facing a difficult question: how exposed has the continent’s supply chain become to power disruptions and concentrated production risks? The concern intensified after regional aluminium production declined to 381,000 tonnes in Q1 2026, marking a 6.2 per cent...
Grow with
AL Circle
The shares of Queensland Bauxite rose 40% to $0.014, leading ASX to issue a query related to the price. The company said it had no clue about any unreleased information that could give an explanation regarding the increase in price since the close of $0.010 on May 23, 2014. However, it is expected...
Anglo-Australian group BHP Billiton this week launched a project to support small-scale farmers in three districts of Maputo province, in the south of Mozambique, the group said. The initiative, which is funded by “BHP Billiton Sustainable Communities,” a project set up by the mining group to meet...
Syrah Resources has signed a Memorandum of Understanding for the offtake of 80,000 tonnes to 100,000 tonnes of graphite from its giant Balama Project in Mozambique by Chalieco, a member of the Chinalco Group. Notably, this is close to half of the planned initial production of 220,000t from the...
Aluminium ingots produced by Mozal aluminium foundry in Mozambique may be exported to Netherlands, said Lilianne Ploumen, the DutchMinister for Foreign Trade and Development Cooperation as reported in Correio da Manhã, Mozambican newspaper. According to this report, the minister has not mentioned...
Maputo — The only bauxite mine in Mozambique, located at Penhalonga in the central province of Manica, is at risk of closing, for lack of a market for its product, reports Monday's issue of the Beira daily paper “Diario de Mocambique”. The managing director of the company, Mina Alumina, John Makle,...
Mining giant BHP Billiton Ltd Monday said Mike Fraser would join the Group Management Committee as President, Human Resources, which is part of the role currently held by Karen Wood who is President - People and Public Affairs. Fraser is currently Head, Group Human Resources based at the company's...
ASX-listed Queensland Bauxite on Tuesday announced that it would buy an interest in two Mozambique coal exploration licences in the Zambezi basin, close to majors such as Vale and Rio Tinto. The junior said it had signed a binding term sheet with Australian unlisted company Regius Coal Mining to...
The Compliance Advisor Ombudsman (CAO) has found “shortcomings” in the International Finance Corporation's (IFC) management of a Mozambique aluminium smelter project between November 2010 and April 2011. In an April audit report, it criticised the IFC’s failure to ensure adequate monitoring by its...
ESKOM has invoked its right to disrupt the power supply to BHP Billiton’s aluminium smelters in the case of an emergency as demand by households showed signs it will exceed the state-owned utility’s capacity to generate enough power this winter. The demand forecast for the remainder of this week...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai, has issued a decree No./11/ of 2013 to restructure the Board of Directors of Dubai Aluminium. The decree named Sheikh Hamdan bin Rashid Al Maktoum as Chairman and...
Midal Cabos, subsidiary of the Bahrain-based Midal Cables, has signed a deal with Mozal, the second-largest producer of aluminium in Africa, to process part of its production within Mozambique. Minister for industry and trade, Armando Inroga, said that in the mid-term the agreement would reduce...
Maputo — One of the world’s largest manufacturers of aluminium cables, Midal of Bahrein, is to set up a factory in Mozambique, using the aluminium ingots produced at the Mozal smelter at Beluluane, in the outskirts of Maputo, as its raw material. On Friday, Mozal Chairperson Danie Murray and Midal...
World no.3 miner Rio Tinto reported a 47 percent plunge in half-year underlying profit on Thursday, its worst since 2009 due to sharp falls in commodity prices, although its new chief pointed to a pick-up in China as a positive sign. Chief Executive Sam Walsh was anointed last month when his...
Mozambique mining resources minister Esperança Bias says that Anglo-Australian mining giant Rio Tinto will be able to find a logistics solution that will allow it to export the coal it mines in the country’s Tete province. Following a valuation of its assets in Mozambique the group recently...
Rio Tinto has started a write-down of its Mozambique assets, which might lead to the partial sales of the activities bought less than two years ago through the Riversdale Mining acquisition. Entrance to Mozambique, where Rio hoped for a rapid exploitation of what it had defined the world's best...
An analyst says resources giant Rio Tinto is unlikely to change plans to sell the aluminium smelter near Bluff but it could be more attractive to potential buyers after a massive asset writedown by its parent company. Rio Tinto announced last week it was writing down the value of its coal business...
Sam Walsh is the new chief executive of mining giant Rio Tinto after the shock exit of Tom Albanese last night. The Sydney Morning Herald reported that under pressure from Rio's board, Albanese stood down from the role on the back of US$14billion worth of new impairments that will be lodged against...
Global miner Rio Tinto has announced the surprise resignation of its chief executive Tom Albanese after taking a $14bn (£8.75bn) charge in connection with the company's Mozambique coal and aluminium acquisitions. A mining veteran, who joined Rio two decades ago, Albanese will be replaced by iron...
