BHP South Africa aluminum plant strike yet to impact Japanese buyers
Platts.com reports that the strike at BHP Billiton’s(NYSE:BHP) South African Smelter, has yet to impact their largest buyers, Japan.
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BHP Workers Strike at Its Largest Aluminum Smelter
Bloomberg.com reports that workers at BHP Billiton’s (NYSE:BHP) South African Aluminum smelter have gone on strike, demanding higher wages.
Aluminum Demand to Rise 5.3% a Year, Output Increase Needed, Rio Projects
Bloomberg.com reports today that in anticipation of the increased need for aluminum ( 5.3%/ per year for the next decade), aluminum producers will need to increase global output by two-thirds, according to executives at Rio Tinto’s (NYSE:RIO) Alcan division. The story is quoted as saying: Unless new smelters are built by 2020, demand for the [...]
China’s Chinalco, Chalco formalise Africa JV with Rio Tinto
On Thursday, the state-run parent of Aluminum Corp of China Ltd. (2600.HK) formalised a joint venture with Rio Tinto (RIO.AX) to develop iron ore in Africa, bringing the listed Chalco into the project as it moves to diversify beyond its core aluminum business.
Great Western Minerals Appoints Mohamed Madhi to Advisory Board
Great Western Minerals Group Ltd. (TSX VENTURE:GWG)(OTCQX:GWMGF)reported the appointment of Mr. Mohamed Madhi to its Advisory Board, effective immediately.
Guinea threatens RUSAL workers as strike continues
On Tuesday, workers at RUSAL’s (0486.HK) Friguia alumina refinery in Guinea blocked production for the sixth day in a row after initial negotiation efforts failed and the government threatened to send in security forces.
Anglo Aluminum Acquires Mamou-Dalaba Bauxite Project
Anglo Aluminum Corp. (TSX VENTURE:ALU) reported the acquisition of the Mamou-Dalaba bauxite property in Guinea, West Africa.
Anglo Aluminum Discovers New Bauxite at Koumbia
Anglo Aluminum Corp. (TSX VENTURE:ALU) announced results from the Gaoual permit on its Koumbia Bauxite Project located in the Boke Bauxite Belt of northwestern Guinea, West Africa.
A Rosier Outlook for Japan’s Economy
Aluminum stockpiles have risen consistently this year amid the downturn in the auto sector; however recent evidence that the economy is improving combined with confidence in Chinese purchases have lifted aluminum demand.
Guinea Alumina Plant’s Construction delayed after Aluminum dips
Guinea Alumina, the $4.8 billion joint venture between BHP Billiton Ltd., Global Alumina Corp. and Dubai Aluminium Co., will commence construction on its plant later than initially planned after aluminum demand plunged. For full story, click here
