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Aluminium News

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. 

Hulamin sets sights on further capacity expansion

By: Matthew Hill     12th February 2008 While 2008 would be a year of consolidation for midstream aluminium group Hulamin, as it geared up for its nearly R1-billion expansion to raise production to 250 000 t/y of rolled products by 2012, CEO Alan Fourie was already eyeing further expansions that could take it to the 300 000 t/y level.... 

Hulamin reports R40m in '07 headline earnings

By: Matthew Hill     12th February 2008 JSE-listed aluminium reroller Hulamin said on Tuesday that its headline earnings for the year ended December 31 equalled R40-million, or 18c a share, which was about one-fifth of the R204-million figure for 2006, after one-off restructuring costs. This was after Hulamin boosted revenue by 20% to... 

SA moves to assure energy-heavy investors 

By: Terence Creamer     25th January 2008 The South African government stressed on Friday that its policy of seeking to attract large industrial investors had not been altered by the prevailing electricity crisis, and that Eskom, which is wholly State-owned, would honour its offtake commitments to the existing smelters, as well as to the... 

Zone's power requirements to necessitate R6,4bn expenditure

By: Desislava Tzoneva     7th December 2007 Some R6, 4-billion will be spent on power infrastructure to ensure the supply of electricity to the Alcan aluminium smelter currently being built at the Eastern Cape Coega Industrial Development Zone (IDZ). 

Steel and aluminium company debuts on AltX

By: Olivia Soraya Spadavecchia     21st November 2007 Steel and aluminium fabricator Mazor Group made its entrance onto the AltX on Wednesday with its first shares trading at R4,50 a share, up from the placement price of R4 a share. 

SA reviews duties on chemical, aluminium and textile inputs

By: Terence Creamer     7th November 2007 A comprehensive review of tariff protection on certain upstream industrial inputs - including chemicals and plastics, textile for apparel and clothing, and aluminium - has been launched by the International Trade Administration Commission of South Africa (Itac). 

Steel and aluminium supplier to make AltX debut

1st November 2007 The Mazor group, a supplier of steel and aluminium products in the Western Cape, plans to list on the JSE's AltX bourse in late November to pave the way for the company to expand its national footprint.  

BHP to study building $3bn aluminium smelter in DRC

By: Matthew Hill     22nd October 2007 The world’s biggest mining company, BHP Billiton, on Monday said that it had signed an agreement with the Democratic Republic of Congo (DRC) to jointly investigate the development of a $3-billion aluminium smelter in the Bas Congo region. 

Nampak mulls bigger Angola hub as it pulls trigger on R600m beverage-can project

By: Terence Creamer     3rd October 2007 Diversified South African packaging group Nampak - which on Wednesday unveiled plans for a R600-million beverage-can manufacturing plant in Angola - was already considering the creation of a larger multiproduct manufacturing hub in the Southern African country, which was currently riding an... 

Training initiative secures funding for 25 learners

By: Esmarie Iannucci     28th September 2007 Technology and business incubator Downstream Aluminium Centre for Technology (Dact) recently secured funding from mining giant BHP Billiton for skills development of 25 learners from rural communities around Richards Bay. The development programme aims to impart skills in metal fabrication and... 

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