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Aluminium News

Aluminium smelter veteran gearing to deliver yet another megaproject success

By: Terence Creamer     31st August 2007 The newly appointed CEO of Alcan's $2,7-billion Coega aluminium smelter project effectively went full circle when he accepted the position earlier this year. Brent Hegger began his post-university career working at Alcan�s Arvida facility in northern Quebec, before 'developing an... 

Aluminium fabricator focuses on volumes, while investors also watch

By: Terence Creamer     3rd August 2007 Given that newly-listed midstream aluminium group Hulamin's growth ambitions are weighted heavily towards its pipeline of brownfield growth prospects, increasing attention is being given to its current R950-million expansion project, and to when it will begin delivering. 

BEE costs, extrusions unit take gloss off Hulamin earnings debut

By: Terence Creamer     24th July 2007 The gloss was taken off the debut earnings report by midstream aluminium group Hulamin for its half-year ended June 30, 2007, by one-off corporate restructuring costs of R160-million and a below-par performance from its extrusions unit, which translated into a headline loss of R70-million for the... 

Hulamin expects to post R70m H1 headline loss

20th July 2007 Newly-listed aluminium company Hulamin expects to post a headline loss of some R70-million, or 33c a share for the six months ended June 30, the company said on Friday. 

Alcan positive Coega smelter will go ahead - Eskom

By: Matthew Hill     19th July 2007 Government-owned power utility Eskom said on Thursday that it had been “hearing the right noises” from Alcan that the giant aluminium producer’s plans to build a smelter in Coega were on track. 

Alcan awards $100m engineering contract for Coega smelter

By: Liezel Hill     11th July 2007 Canada-based aluminium producer Alcan has awarded a contract worth more than $100-million to a joint venture comprising SNC-Lavalin, Hatch, and South Africa's Murray & Roberts, for the front-end engineering design (FEED) and management of the first phase of the company's planned 360... 

Advent of new smelter could add new string to Hulamin’s pricing bow

By: Terence Creamer     6th July 2007 South Africa’s newly-listed aluminium converter Hulamin believes it is well positioned to extract benefit from the “new pricing dynamic” that is emerging as a result of a commitment made by primary-aluminium group Alcan to offer a portion of the planned production from its... 

Young Welder of the Year to represent SA in Japan in November

By: Christy van der Merwe     6th July 2007 Twenty-year-old Phillip Janse van Rensburg scooped the accolade of �Young Welder of the year’ at an awards ceremony held last week at the Southern African Institute of Welding (SAIW) headquarters in Gauteng. 

Empowered structure takes ladder maker up a rung

By: Christy van der Merwe     29th June 2007 Signing a black economic-empowerment (BEE) agreement is a significant commitment for a medium-sized enterprise such as SA Ladder but, slowly, the company has started reaping the benefits since signing a BEE deal with investment company Fixtrade, in April 2006. 

Hulamin eyes growth to 360 000 t/y as it embarks on solo voyage

By: Terence Creamer     25th June 2007 Independent aluminium processing company Hulamin, which began trading on the JSE on Monday morning following its unbundling from Tongaat Hulett, had no immediate need to raise capital and saw its significant organic-growth trajectory being satisfied from its own cash generation. In fact, CEO Alan... 

Reunert’s veteran chief says cable business will exercise restraint in adding new capacity

By: Terence Creamer     22nd June 2007 The veteran head of engineering and technology group Reunert, Gerrit ‘Boel’ Pretorius, says the company’s infrastructure-aligned businesses are set fair for significant growth, but will err on the side of caution when it comes to creating new capacity. 

Alcan in 'advanced' talks on Coega smelter partners, contractors

By: Matthew Hill     11th June 2007 Aluminium giant Alcan announced on Monday that it had appointed Canadian Brent Hegger as the new CEO of its $2,7-billion, or R 18,5-billion, Coega aluminium smelter, and that construction was expected to start in 2008, with first metal production occurring in 2010. 

Organic pipeline alone enough to spur doubling of Hulamin in ten years, says Fourie

By: Terence Creamer     1st June 2007 South African aluminium re-roller Hulamin - which already had approved projects to expand its rolled products output from less than 200 000 t/y currently to 250 000 t/y in 2011 - said on Friday that it was also considering various organic-expansion and value-addition projects that could lay the... 

BHP Billiton's Southern African smelters hit by power cuts

By: Matthew Hill     24th May 2007 The world's-biggest mining firm BHP Billiton said on Thursday that one of the two potlines at its Mozal aluminium smelter in Mozambique had been shut down for 40 minutes on Wednesday evening, and that it had also already experienced power supply interruptions at all its Hillside and Bayside... 

Wednesday loadshedding needed to stabilise transmission network - Eskom

By: Matthew Hill     24th May 2007 On Wednesday evening, areas in Gauteng and Mpumalanga were left without power for about an hour after State-owned Eskom was forced to manually load shed, it said late in the day. The supply interruptions began at around 18:00, and "almost all" of the affected areas had power again by... 

Advocacy group slams 'secret' Alcan power deal

By: Mariaan Webb     7th May 2007 Environmental organisation Earthlife Africa has urged the South African government, aluminium producer Alcan and electricity supplier Eskom to disclose the details of a power supply deal for the $2,7-billion aluminium smelter which Alcan is building in Port Elizabeth. 

Tongaat-Hulett to list Hulamin on June 25

By: Mariaan Webb     3rd May 2007 South African aluminium producer Hulett Aluminium (Hulamin) will start trading as a separately listed entity on the JSE on June 25, its parent the Tongaat-Hulett Group said on Thursday. In a statement detailing the final terms of the proposed transaction, the group, led by CEO Peter Staude, said... 

Apollo to buy Xstrata Aluminum for $1,15bn

By: Nelendhre Moodley     11th April 2007 Diversified mining major Xstrata on Wednesday announced the disposal of Xstrata Aluminum, comprising all of Xstrata's aluminium interests, to Apollo Management LP for $1,15-billion. Xstrata Aluminum was created from the former Falconbridge Group�s aluminium assets, known as Noranda Aluminum,... 

Mittal announces price hikes, days after excessive-pricing ruling

By: Mariaan Webb     30th March 2007 Local steel maker Mittal Steel South Africa announced on Friday that it would increase the price of certain long- and flat-steel products on the back of stronger international steel prices. 

Tongaat-Hulett unbundling, BEE ‘progressing well’

By: Liezel Hill     9th March 2007 Southern African sugar and aluminium producer Tongaat-Hulett is making progress with the proposed unbundling and listing on the JSE of its 50%-owned Hulett Aluminium (Hulamin), as well as with the planned sale of stakes in Tongaat-Hulett and Hulamin to black investors, the company said in a note... 

Polymer pricing likely to take centre stage as optimism grows that steel formula is possible

By: Terence Creamer     2nd February 2007 Pricing in the chemicals sector is likely to come under more intense scrutiny this year as the Department of Trade and industry (DTI) and steel group Mittal Steel South Africa reportedly close in on a mutually acceptable developmental steel-price formula and studies into polymer prices come to a... 

Alcan already mulling 1mt/y SA output as it gets set to build $2,7bn smelter

By: Mariaan Webb     24th November 2006 International aluminium producer Alcan, which agreed a power supply deal with State-owned Eskom on Friday that would open the way for a $2,7-billion smelter investment, is already looking at expanding its capacity to a million tons a year - the initial capacity will be 72 000 t. This will close... 

$2,7bn Alcan smelter poised to be first recipient of new power incentive

By: Terence Creamer     22nd November 2006 International aluminium producer Alcan appears set to emerge as the first recipient of South Africa's newest industrial incentive, known as the 'Developmental Electricity Pricing Programme', or DEPP, which was signed off by Trade and Industry Minister Mandisi Mpahlwa late last week. The DEPP... 

Alcan in deal that could result in Madagascar mine and refinery

By: Nelendhre Moodley     10th November 2006 Leading global aluminium producer Alcan has signed a memorandum of understanding with Access Madagascar Sarl, a Malagasy company holding exploration rights in Madagascar’s south-eastern Manantenina District, to jointly study the development of a bauxite mine and alumina refinery, which... 

Coega smelter talks enter sensitive commercial stage

By: Helene Le Roux     14th July 2006 The government remains positive about its negotiations with one of the world’s largest aluminium producers, Canadian firm Alcan, to establish a R12-billion aluminium smelter at Coega, in the Eastern Cape. 

Eskom mulls smelter interruptions as power squeeze bites

By: Terence Creamer     7th April 2006 Electricity utility Eskom will consider invoking the interruptability clauses it has with various energy-intensive clients, particularly those in the metals sector, as the reserve position between South Africa’s winter peak and its installed power capacity continues to narrow. 

Innovation rather than cheap inputs to underpin aluminium reroller's growth strategy

By: Terence Creamer     3rd March 2006 The creation of an independently listed aluminium reroller through the unbundling of Hulett Aluminium (Hulamin) from the larger Tongaat Hulett group is unlikely to be the first stage in the development of a vertically-integrated aluminium company in South Africa. What it could herald, though, is... 

IFC approves $150m for aluminium project

18th January 2006 Global aluminium producer Rusal yesterday said that it welcomed the decision by the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) to endorse the group's entry in Komi Aluminium - a project to design, construct and operate a modern bauxite... 

Aluminium plant resumes production after revamp

6th December 2005 World-number-three aluminium producer Rusal said yesterday that it has launched production at its Armenian foil-rolling asset Armenal, following completion of the first stage of its modernisation plans. 

BHP Billiton, Eskom in talks on tariffs for Mozal expansion

By: Liezel Hill     29th November 2005 World number-five aluminium producer BHP Billiton said yesterday that it would push for 'economic' rather than 'cheap' electricity rates for its planned Mozal 3 expansion, in Mozambique. 

Aluminium saves weight and increases payload

By: Mariaan Webb     26th August 2005 The heavier a vehicle, the more significant the effect on infrastructure and road users. 

Aluminium reroller mulls expansion

By: Terence Creamer     12th August 2005 Niche aluminium re-roller Hulett Aluminium (Hulamin), of Maritzburg, the star performer in the bigger Tongaat Hulett group for the first six months of 2005, is considering a $40-million (about R240-million) brownfields expansion to take its overall capacity to 250 000 t/y. 

US group develops 'wonder alloy'

27th April 2005 US group New Technology Products, of Houston, Texas, has developed a low-melting point 'wonder alloy' that can be used to repair or weld aluminium and any aluminium or magnesium alloy. 

Rusal secures loan for foil-mill upgrade

12th April 2005 Russian-based aluminum producer Rusal has secured a €46,6-million export loan to fund a large-scale programme to upgrade its Armenal foil mill in Armenia. 

Safety torches operate in potentially-explosive conditions

By: abdul cook     25th March 2005 Gauteng-based Denver Technical Products have introduced one of the first ATEX directive compliant safety lights to South Africa. 

Seven more projects set to receive outgoing tax break

By: elizabeth rebelo     11th March 2005 Currently, there are another seven projects in the pipeline awaiting approval for the Strategic Industrial Projects (SIP) incentive programme. 

Aluminium-in-vehicles textbook could make varsity debut

By: elizabeth rebelo     11th March 2005 The Aluminium Federation of South Africa (Afsa) aims to introduce its recently-launched hardcover textbook, Aluminium Designs for the Commercial Vehicle Industry, into the University of Johannesburg. 

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