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Aluminium News

Eskom says no firm power-contract deal yet for SA smelters 

By: Terence Creamer     6th September 2010 State-owned power utility Eskom is no longer committing to a firm date for the conclusion of discussions with BHP Billiton relating to the contracts for the supply of electricity to the resources group's Hillside and Bayside aluminium smelters, in South Africa. In a response to questions posed... 

Hulamin wants aluminium import duties reintroduced, earnings up

By: Chanel de Bruyn     26th July 2010 In line with expectations, aluminium semifabricator Hulamin on Monday reported headline earnings of R26,5-million for the six months ended June 30, 2010, up marginally on the R25,3-million earned in the first half of 2009. The group, now led by CEO Richard Jacob, reported a 32% increase in sales... 

Hulamin expects half-year earnings to remain stable

By: Creamer Media Reporter      16th July 2010 Aluminium semifabricator Hulamin on Friday said its 2010 interim earnings and headline earnings of between R24-million and R28-million would be flat on the R25-million achieved in the first half of 2009. Output volumes in the Hulamin rolled products business had increased by 32% to 184 000 t, on... 

Mozal power price to be 'higher', but still 'competitive'

By: Terence Creamer     31st May 2010 Resources group BHP Billiton says that its Mozal aluminium smelter, in Mozambique, will "definitely" remain profitable, despite an amendment to its favourable electricity-supply contract with South African power utility Eskom. The group confirmed with Engineering News Online that the power price... 

Hulamin says R750m rights offer aligned to growth aspirations

By: Chanel de Bruyn     26th April 2010 South African aluminium semifabricator Hulamin has confirmed plans to raise R750-million through a rights offer to its shareholders to pay off its debt and further expand its production capacity. Outgoing CEO Alan Fourie announced in February that the company was reassessing its capital... 

BHP, Eskom review aluminium smelter power agreements

By: Creamer Media Reporter      5th April 2010 The world's biggest mining company, BHP Billiton, and South African power utility Eskom will renegotiate controversial electricity supply agreements currently in place for BHP's aluminium smelters in South Africa and Mozambique, and expect to have a new deal in place by the third quarter. “This... 

Hulamin expands rolling slab output, reviews capital structure

By: Chanel de Bruyn     15th February 2010 Aluminium semifabricator Hulamin was reassessing its capital structure to ensure that it could take advantage of “considerable growth potential” in the next four years, while also planning to implement measures to boost its own rolling slab output, outgoing CEO Alan Fourie said on Monday. The... 

Hulamin sees sales volumes returning to precrisis levels

By: Chanel de Bruyn     15th February 2010 Sales volumes for aluminium semifabricator Hulamin were returning to precrisis levels, but local demand remained weak, the company said on Monday. Hulamin’s net profit fell 67% to R89,6-million in the year ended December 31, 2009, compared with a net profit of R268,8-million the year before,... 

Hulamin chief Fourie to retire in 2010

By: Creamer Media Reporter      21st December 2009 Aluminium semi-fabricator Hulamin has begun the search for a new CEO, after Alan Fourie indicated his intention to retire from the position during 2010. The appointment of a new CEO will incorporate a “suitable transition period”, Hulamin said in a statement on Monday. 

Hulamin completes R970m rolled products expansion 

By: Chanel de Bruyn     10th December 2009 Aluminium semifabricator Hulamin’s R970-million Rolled Products expansion project, in Pietermaritzburg, has been successfully completed ahead of schedule. The company, led by CEO Alan Fourie, on Thursday said that the project had increased the rolled products capacity by about 20% and would... 

Insimbi’s interim profit down 82% to R6,7m

By: Esmarie Iannucci     9th October 2009 AltX-listed alloy fabrication and maintenance specialist Insimbi Refractory & Alloy Supplies’ profit for the six months ended August dropped by more than 80% to R6,7-million, compared with the R39,1-million recorded in the previous corresponding period. The group’s revenue fell by 47% to... 

Aluminium industry takes strain

By: Lindsey Berry     25th September 2009 The global financial crisis has had a severe impact on both local and global aluminium production, which has decreased by between 20% and 30% says Aluminium Federation of South Africa (Afsa) executive director Mark Krieg. 

Aluminium a tool for 
sustainability in green building

By: Lindsey Berry     25th September 2009 Aluminum can contribute to the growing green building market as it is a sustainable material, and is easily and frequently recycled reports the Aluminium Federation of South Africa (Afsa). 

Tooling industry experiences some recovery

By: Lindsey Berry     25th September 2009 The local tooling industry has recovered slightly from its significantly decreased production period between the end of last year and midway through this year, the Toolmaking Association of South Africa (TASA) reports. 

Scrap industry faces additional challenges during the recession

By: Lindsey Berry     25th September 2009 The increased costs of overheads in the recycling sector, which have resulted from significantly lower volumes of scrap being produced by the diminished manufacturing sector, is one of the three primary challenges for the local scrap metal industry, says the Metal Recyclers Association (MRA) of... 

Seventy-two per cent recovery rate of cans through recycling

By: Lindsey Berry     25th September 2009 Collect-a-Can reports that 72% of food and beverage cans in South Africa are reclaimed through the recycling process. 

Cladding system customised 
for stadium

25th September 2009 The Moses Mabhida stadium is in the final stages of construction and is set to be one of the most aesthetically satisfying sports facilities in the world, as well as one of South Africa’s landmark stadiums for the 2010 FIFA World Cup. 

China dominates global aluminium industry

25th September 2009 China continues to dominate the global aluminium industry, accounting for one-third of world production and world consumption of primary aluminium according to metals and minerals consultants Roskill Information Services’ The Economics of Aluminium 9th Edition report. 

Gear maker establishes service centre in response to growing demand 

By: Leandi Kolver     21st August 2009 Gear manufacturer David Brown Gear Industries has extended its capabilities by adding an in-house gear service centre at its premises in Benoni, east of Johannesburg. 

Grinaker subsidiary clinches Joburg curtain walling contract

By: Dennis Ndaba     31st July 2009 Glass and aluminium curtain walling company, Grinaker-LTA Façades, has been awarded a R10-million contract for the curtain walling and shopfronts at the Sandton Eye (1 Station Place). 

Hulamin looks to unwind hedge in interests of cash preservation

By: Terence Creamer     10th February 2009 Africa’s largest aluminium semi-fabricator Hulamin could unwind as much as one-half of its aluminium hedge in light of the recent slump in the London Metal Exchange (LME) price for aluminium in a bid to preserve cash in what it describes as an exceedingly uncertain market environment. The metal... 

IDC sticks to R60bn approval target, but shifts attention from resources to energy

By: Terence Creamer     21st November 2008 South Africa’s State-owned Industrial Development Corporation (IDC) has decided not to pull back from its stated goal of approving at least R60-billion worth of new investments over the next five years to 2012/13, despite an increasingly violent global financial storm that will lead to recession... 

DTI says it is moving ahead with scrap export-tariff study

By: Terence Creamer     30th October 2008 The Department of Trade and Industry (DTI) has refuted reports, including one carried on Engineering News Online, that it had agreed to postpone its processes surrounding the possible introduction of export tariffs on ferrous and nonferrous scrap metal until an independent probe had been... 

Metals industry awaits details of scrap export tariff

By: Terence Creamer     10th October 2008 Government and the South African metals sector had agreed in principle on the need to impose export tariffs on ferrous and nonferrous scrap metal to shore up supply of this increasingly-sought-after resource for local industry. However, the finer details had to be worked out and were still... 

Metals sector's apprentice intake breaches 4 000 mark for first time in nearly 10 years 

By: Terence Creamer     10th October 2008 Apprentice numbers in South Africa's metals sector rose to over 4 000 for the first time since 1999 during 2008, Steel and Engineering Industries Federation of South Africa (Seifsa) president Johan Fourie revealed at the weekend, adding that he was optimistic that intake levels would surpass 5... 

Hulamin expects global demand to hold, but says local sales may slow

By: Chanel de Bruyn     1st August 2008 Despite a slowdown in the global economy and a softening in demand for aluminium rolled products in some regions, JSE-listed aluminium reroller Hulamin expected global demand to increase this year.  

Hulamin expects global demand to hold, but warns local sales may slow

By: Chanel de Bruyn     22nd July 2008 Despite a slowdown in the global economy and a softening in demand for aluminium rolled products in some regions, JSE-listed aluminium reroller Hulamin expected global demand to increase this year. CEO Alan Fourie on Tuesday commented that the company, which exported about 70% of its products,... 

AltX-listed Mazor to move to main board

By: Creamer Media Reporter      7th July 2008 AltX-listed steel and aluminium fabricator Mazor Group would move to the main board of the JSE on July 14, the company reported on Monday. Mazor, which listed on AltX in November last year, would be listed in the construction and materials sector and the building materials and fixtures sub-sector. 

Renegotiated wage increase for metal, engineering workers

By: Matthew Hill     20th June 2008 Trade union solidarity on Friday signed a revised wage accord for its members in the metal and engineering sectors, after last year's agreement would have seen them getting below-inflation pay hikes. The previous deal was "unacceptable" to workers unions, after inflation scaled 10% this year,... 

Hulamin expects improved interim earnings

By: Creamer Media Reporter      10th June 2008 JSE-listed aluminium reroller Hulamin on Tuesday said its earnings and headline earnings for the half-year ended June 30 was expected to be between R174-million and R188-million, or between 81c a share and 87c a share. This compared with a headline loss of R70,3-million, or 33c a share, the same... 

Coega aluminium smelter owner delays project to 2012 

By: Christy van der Merwe     29th May 2008 Aluminium producer Rio Tinto Alcan on Thursday indicated that it expected its Coega aluminium smelter to only come on line in 2012. Rio Tinto Alcan Aluminium CEO Dick Evans said that South Africa's power constraints meant that the energy-intensive project on the country's South East... 

Aluminium extrusion company tackles the skills challenge 

By: Brindaveni Naidoo     16th May 2008 In an effort to alleviate the massive skills shortage in the aluminium fabrication sector, aluminium extrusion company Wispeco Aluminium has invested over R1, 2-million in a project called the SpazaAL, aimed at developing young black entrepreneurs. 

Mazor says entered into negotiations

By: Creamer Media Reporter      15th May 2008 AltX-listed steel and aluminium supplier Mazor on Thursday warned shareholders to exercise in caution when dealing in their shares as it entered into negotiations that, if sucessfully concluded, might have a material effect on its share price. This comes just a day after the group's CEO,... 

Rio Tinto Alcan ready to engage with ANC to seek Coega smelter solution

By: Matthew Hill     12th May 2008 World number-one aluminium producer Rio Tinto Alcan said on Monday that the task team looking into the timing of its planned aluminium smelter at Coega was making good progress, and that the firm still viewed South Africa as a "good place to do business". Director of communications and... 

Rio Tinto in talks with govt to review terms, timing of SA smelter

By: Liezel Hill     13th March 2008 Diversified miner Rio Tinto is in discussions with the South African government to review the timing of its planned aluminium smelter at Coega, in the Eastern Cape, in light of the country's power shortage, the company said on Thursday. “A team, consisting of members from government,... 

BHP to close parts of Bayside smelter to achieve 10% cut in energy use

By: Liezel Hill     11th March 2008 Diversified resources group BHP Billiton plans to close two potlines at its Bayside aluminium smelter, in Richards Bay, South Africa, in order to reduce the group's overall power consumption from its Southern African operations by 10%, the company said on Tuesday. On request from... 

Hulamin sets sights on further capacity expansion

By: Matthew Hill     22nd February 2008 While 2008 will be a year of consolidation for midstream aluminium group Hulamin, as it gears up for its nearly R1-billion expansion to raise production to 250 000 t/y of rolled products by 2012, CEO Alan Fourie is already eyeing further expansions that could take it to the 300 000-t/y level. 

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