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Press Office - Hulamin

Hulamin

Our core purpose is to consistently meet or exceed the reasonable expectations of our major stakeholders (which specifically include our employees, customers, suppliers, shareholders and the communities that surround us). We do this by creating value through the manufacture of high-value aluminium semi-fabricated products. In doing so, we contribute to the upliftment of the standard of living in the region. We achieve this by stimulating business activities associated with adding value to the large quantities of primary aluminium produced in the region and through pursuing related business opportunities within which we can further apply our capabilities.

Topic

US Commerce Dept confirms sent Trump aluminium probe results

By: Reuters     Updated 1 hour 59 minutes ago The US Commerce Department confirmed on Monday that it had submitted the results of its national security investigation into aluminium imports that could lead to broad import restrictions on the lightweight metal. A statement from the agency did not divulge any of the findings of the "Section... 

South32 makes management shifts as SAEC becomes standalone business

By: Megan van Wyngaardt     22nd January 2018 As part of setting up its South African Energy Coal (SAEC) operations as a standalone business, triple-listed South32 will make changes to the operational accountabilities of its two COOs, Mike Fraser and Paul Harvey. Fraser will now be accountable for the alumina and aluminium operations in... 

Tracking Europe's waste: 'There's gold in them landfills'

By: Reuters     18th January 2018 Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries, according to a survey of urban mining published on Wednesday. Scrap vehicles, batteries, computers, fridges and other electronic and electrical waste... 

Davos paper attacks Trump's views on trade

By: Reuters     17th January 2018 US President Donald Trump's view of world trade will be challenged next week when he visits the World Economic Forum (WEF) at Davos, judging by a paper seen by Reuters on Wednesday that is aimed squarely at his "America First" stance. The "Strategic Brief on Misconceptions around Trade Balances"... 

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

As stockpiles fall, which metals are really in tight supply?

By: Reuters     16th January 2018 Stocks of industrial metals in London Metal Exchange (LME) warehouses fell more than 40 percent last year and further declines are expected in 2018, which should in theory signal tighter supplies and fuel a blistering price rally. But rising inventories of metals at smaller rival exchanges... 

Copper falls most in 6 weeks as metal rally starts to give

By: Bloomberg     16th January 2018 After a non-stop rally, metals prices are starting to pull back. Copper, aluminium and nickel slid more than 2% on Tuesday as investors focused on the rebounding dollar and evidence of ample supply in the physical market. Precious metals also retreated, with silver falling as much as 3.2%. 

Rio Tinto maintains fourth-quarter guidance across the board

By: Anine Kilian     16th January 2018 Global miner Rio Tinto reported on Tuesday that it had met its iron-ore shipment guidance for the three months ended December 31, 2017, noting a 1% rise in shipments for the year to 330.1-million tonnes. "The business performed well in the fourth quarter and we finished the year in line with... 

Metals power higher as sickly dollar spurs copper-to-gold rally

By: Bloomberg     15th January 2018 Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar and continued robust outlook for demand. Gold and palladium also climbed. Copper surged as much as 2.1%, the most since November 13, to $7 259 a metric ton... 

US trade panel allows China aluminium sheet dumping probe to proceed

By: Reuters     12th January 2018 The US International Trade Commission on Friday said in an initial finding that imports of aluminium alloy sheet metal from China harm US producers, allowing a US probe to proceed into whether the product was being dumped or unfairly subsidized. Employing a seldom-used tactic aimed at speeding... 

Alcoa locks union workers out of Canada smelter as contract expires

By: Reuters     11th January 2018 The tussle between Alcoa Corp and union workers escalated on Thursday after the aluminium producer locked them out of its smelter in Becancour, Quebec, as an old contract expired at midnight and talks on a new agreement failed. The collective agreement for 1 030 unionised workers expired at... 

Bloodhound to travel to SA this year to chase 800 km/h mark

By: Irma Venter     11th January 2018 The UK-based team chasing a new world land-speed record will send its Bloodhound supersonic car to South Africa in October, the project has confirmed. Following the Bloodhound’s successful 320 km/h runway trial at Cornwall Airport Newquay, in the UK, in October last year, the team will be... 

Rio is said to drop chase for $5bn lithium miner stake

By: Bloomberg     11th January 2018 Rio Tinto Group has dropped out of the bidding for a stake in Soc. Quimica & Minera de Chile SA, one of the world’s top lithium producers, as it pursues other ways to capitalise on the electric-car boom, people familiar with the matter said. Rio decided not to proceed with an offer for Nutrien’s... 

Alcoa Canada workers' union rejects contract offer

By: Reuters     11th January 2018 Unionised workers at Alcoa Corp's aluminium smelter in Becancour, Quebec rejected the company's latest contract offer. About 80% of the workers rejected the contract offer but the president of the local steelworker's union urged the company to continue negotiations. 

Rio Tinto receives offer for aluminium smelter

By: Martin Creamer     10th January 2018 Diversified mining company Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500-million. In accordance with French law, the London-listed company will launch a consultation process with employees, relevant... 

Liberty House makes binding offer for Rio Tinto's French aluminium smelter

By: Reuters     10th January 2018 Liberty House, the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance, said on Wednesday it had made a binding offer for miner Rio Tinto's, aluminium smelter in Dunkerque, France, the largest in Europe. The group did not disclose an offer price but said the move was part of a... 

Gundlach says commodities set to outperform in late-cycle boom

By: Bloomberg     10th January 2018 Jeffrey Gundlach, the billionaire bond manager, said commodities may be one of the best investments this year as they surge during the late phase of the economic cycle. “I think commodities will outperform in 2018,” Gundlach said during his annual ‘Just Markets’ webcast on Tuesday, in which he... 

US producers seek to block Chinese aluminium shipped via Vietnam

By: Reuters     10th January 2018 US aluminium products makers sought new trade protections against Chinese imports on Tuesday, accusing China Zhongwang Holdings Ltd and its affiliates of evading US anti-dumping and anti-subsidy duties by shipping aluminium products through Vietnam. In a filing with the US Commerce Department,... 

Copper hits two-week low, zinc at highest in more than a decade

By: Reuters     9th January 2018 Copper hit a two-week low on Monday, weighed down by a stronger dollar and as the market consolidated following sharp gains in December, while zinc again reached its highest in more than a decade on supply concerns. The dollar rose against the euro, making dollar-priced metals costlier for... 

Deionising water to protect against corrosion in heating installations

     8th January 2018 Hans-Jürgen Wedemeyer, Technical Marketing Manager of the Liquid Purification Technologies business unit at Lanxess, describes how water for heating circuits can be treated using a special new kind of mixed bed ion exchanger to reliably prevent corrosion. A dark, cloudy sludge no longer... 

Australia forecasts 20% iron-ore price drop in 2018 as China demand eases

By: Reuters     8th January 2018 Australia on Monday said it expects iron ore prices to average $51.50/t this year, down 20% from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks. The government projection is out of step with some private forecasts, with UBS and... 

Glencore sells Australian coal mine to Gupta's GFG Alliance

By: Reuters     2nd January 2018 Glencore has agreed to sell one of two Australian coal mines it put up for sale last year to British industrialist Sanjeev Gupta's GFG Alliance for an undisclosed sum, the two companies said separately on Tuesday. The acquisition follows Gupta's purchase last year of the financially troubled... 

Copper climbs to near four-year high as China halts top producer

By: Reuters     28th December 2017 Copper in London surged to the highest in almost four years after China ordered its top producer to halt output to combat winter pollution, fuelling a rally this year driven by optimism about demand and supply disruptions at mines. Jiangxi Copper was told to cut production for at least a week... 

Ghana Stock Exchange says three firms on delisting watch list

By: Reuters     27th December 2017 The Ghana Stock Exchange (GSE) has put on its watch list three distressed companies including Cocoa Processing Company (CPC) for possible delisting if their financials do not improve by the end of May, the exchange said on Wednesday. State-run CPC, known for its flagship 'Golden Tree' products,... 

India faces surge in coal imports over next three months

By: Ajoy K Das     15th December 2017 Indian coal imports is likely to gain further momentum during the next three months, reversing a falling trend seen early in the financial year as more user industries are planning to up inward shipments to feed their fuel-starved captive power plants. Several companies in the chemicals, medium... 

UK billionaire Gupta to form listed company with Atlantis Resources

By: Reuters     14th December 2017 Sanjeev Gupta's GFG Alliance has struck a deal with tidal power firm Atlantis Resources that marks the British billionaire's first step into the stock market. GFG Alliance, the $10-billion turnover consortium that runs metals group Liberty House and energy and commodities group SIMEC, said in a... 

Steel tycoon considers bid for Rio Tinto's Dunkirk aluminum smelter - sources

By: Reuters     14th December 2017 Liberty House, the industrial and commodities group buying a number of steel assets around the world, is considering a bid for Rio Tinto's aluminium smelter in northern France, the largest in Europe, three sources with direct knowledge of the matter told Reuters. The Dunkirk plant, which the... 

Moody’s sees stable year ahead for base metals, but also expects some risk factors

By: Megan van Wyngaardt     13th December 2017 Ratings agency Moody’s believes 2018 will be a year of relative stability for the global base metals industry after some recovery was experienced this year. In a 2018 outlook analysis, released on Wednesday, the agency noted that these improved supply/demand fundamentals would hold on the back of... 

France-based miner AMR starts bauxite production in Guinea

By: Reuters     13th December 2017 Paris-based miner AMR began production at its Guinean bauxite mine on Tuesday, aiming to produce between 6 million and 10 million tonnes a year of the aluminium ore, the company said. Alliance Miniere Responsable (AMR) was founded by two French businessmen, and major shareholders include former... 

Quality reprioritised in local battery market

By: Robyn Wilkinson     8th December 2017 With its battery anti-theft solution successfully protecting more than 15 000 lead acid batteries in South Africa, battery and related-components supplier Aztec is seeing an increase in demand for premium quality batteries with a longer operating life. 

Electric vehicle growth puts pressure on nickel supply

By: Robyn Wilkinson     8th December 2017 Global research and consultancy firm Wood Mackenzie estimates that nickel demand for electric vehicle (EV) batteries will increase from about 40 000 t in 2016 to 220 000 t in 2025, as demand for hybrid, plug-in and full EVs grows in developed countrie 

Energy efficient transformers reduce financial and environmental costs

     8th December 2017 Electrical solutions supplier Legrand last month introduced its upgraded range of cast resin transformers, which offer advanced environment-friendly features that enable the products to meet the requirements of the new European standard for distribution transformers (EN50541-1) and ensure the... 

Tertiary raises cash for potential acquisitions

By: Mariaan Webb     6th December 2017 Aim-traded Tertiary Minerals has raised £500 000 in a share placement to fund potential acquisitions and for the ongoing development of its current fluorspar projects. Tertiary, which is advancing projects in Sweden, the US and Norway, has shortlisted projects for potential acquisition. The... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC), in... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC) in... 

Australian industry prepares for possible summer power cuts

By: Reuters     30th November 2017 Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Their back-up strategies come despite... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

BHP, Goldman hunt for energy fix amid remote banana plantations

By: Bloomberg     27th November 2017 The world’s biggest miner and Wall Street’s top-ranked merger firm are among the high-profile backers of a remote solar project nestled among banana crops in Australia’s far tropical northeast. For BHP Billiton, it’s a chance to unlock renewable technology for the global mining sector. As... 

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