Bloomberg.com reports that workers at BHP Billiton’s (NYSE:BHP) South African Aluminum smelter have gone on strike, demanding higher wages.
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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 [...]
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 Group Ltd. (TSX VENTURE:GWG)(OTCQX:GWMGF)reported the appointment of Mr. Mohamed Madhi to its Advisory Board, effective immediately.
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 Corp. (TSX VENTURE:ALU) reported the acquisition of the Mamou-Dalaba bauxite property in Guinea, West Africa.
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.
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, 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
Hulamin Ltd., Africa’s largest aluminum processor, reported that the company is in talks with BHP Billiton Ltd. that may affect its share price. For full story, click here