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South32 Limited, the world’s top manganese ore miner, saw its share of manganese output up 8% on quarter or 11% on year to 1.4 million wet metric tonnes (wmt) over July-September, amid the growing demand and strong prices during the period, according to the company’s latest quarterly report released on October 18.
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Vale, the world’s top iron ore miner headquartered in Brazil, South America, but also with nonferrous assets inside Brazil and other countries, saw both its nickel and copper production down over July-September because of the maintenance at its Sudbury operation in Canada, according to the company’s Q3 production report.
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Rio Tinto’s copper output during the July-September quarter grew 32% year on year to 159,700 tonnes while its alumina output down 1% on year to 2 million tonnes, according to the company’s latest production report released on October 15.
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Tsing Tuo Group, a subsidiary of the Tsingshan Holding Group in South China’s Fujian province, decided to cooperate with GEM Co, a Shenzhen-listed company operating in recycling industry in China and internationally, to build a new project of producing the ternary battery cathode materialsin Fujian’s Ningde City, and the construction
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Norsk Hydro’s alumina refinery Alunorte, the world’s largest alumina refinery located in Brazil, is expected to ramp up the production to 50% of its capacity “within two weeks” after receiving the exceptional authorization by the Brazilian federal environmental agency IBAMA on October 5, according to Hydro’s release on October 9.
Alunorte,
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Guangxi Huasheng New Materials Co (Huasheng), the subsidiary of the Shanghai- and Hong Kong-listed Aluminum Corporation of China Limited (Chalco), plans to invest Yuan 5.8 billion ($846.6 million) in a new 2 million tonnes/year alumina refinery it plans for Fangchenggang City in South China’s Guangxi Zhuang Autonomous Region, according to
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Minerals and Metals Group (MMG), a nonferrous mining subsidiary of China Minmetals Corporation (CMC) in Australia, said that its copper in concentrate production in the September quarter would not reach forecast rates, it revealed on September 18. The company cited localized wall instability restricting access to mining in sections of
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Shanxi Taigang Stainless Steel Co (Tisco), one of China’s major stainless producers and headquartered in Taiyuan City in North China’s Shanxi province, plans to purchase a controlling 51% share of Linyi Xinhai New Materials Co (Xinhai), located in Linyi City in East China’s Shandong province, according to an official announcement
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Chinese domestic aluminum prices are seen fluctuating in a narrow band this month but will basically remain firm as higher production costs are giving support for the light metal’s price, market sources said on September 7.
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Hongkong-listed Zijin Mining Group, also a top gold and copper miner in China, will fully acquire Canada’s Nevsun Resource, a prospective nonferrous mining company with copper, zinc and gold resources in Africa and Serbia of Europe, at a cost of $1.39 billion, all in cash payment, according to a Zijin announcement on September 6.
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Diversified miner Glencore achieved an 8% increase in copper output during the first half of this year and an impressive 31% jump in cobalt production over the same period, according to its latest half-year report released on August 8. The company’s production of nickel was also higher by 21% on year during the six months, it reported.
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Yunnan Aluminum Co, a Shenzhen-listed company headquartered in Southwest China’s Yunnan province, aims to increase its H2 aluminum production by 21.2% from H1 to 930,000 tonnes via the commissioning of two ongoing aluminum projects inside the province, according to the company’s interim report released on August 7.
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Anglo American, a major nonferrous and ferrous mining company in the world, has decided to develop a copper mine at 300,000 tonnes/year in metal in Quellaveco, South Peru, according to a company release on July 26.
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Yunnan Shenhuo Aluminum Co (Yunnan Shenhuo), the wholly subsidiary of Shenzhen-listed Henan Shenhuo Coal Industry and Electricity Power Co, has begun building a new 900,000 tonnes/year primary aluminum smelter in Southwest China’s Yunnan province, tapping the province’s huge (and cheap) hydroelectric power resources, Mysteel has learned. The new smelter complex will replace higher-cost capacity the company is stopping in Hennan province in Central China.
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Anglo American plc saw copper output from its Chilean mines grow sustainably during the first half of this year, gaining 10% on year to 313,000 tonnes, according to the Anglo's Q2 report released on July 19. The global diversified miner with headquarters in London and Johannesburg, cited higher grades of ore mined and growing efficiency in mines and plants to explain the rise in copper.
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BHP'S copper production including metal in concentrates and cathode surged 32% on year to 1.75 million tonnes in fiscal 2018 (July 2017-June 2018), with the core contribution from its invested Escondida mine in Chile, according to the company's latest quarterly production report released on July 18.
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Over January-June, Rio Tinto's copper operations performed strongly but its output of aluminium faltered, according to the company's latest production report released on July 17.
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Vale had a mixed second-quarter with its nonferrous metals businesses, according to the Brazilian miner's Q2 performance report released on July 16.
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Plans by Tesla, the Palo Alto California-headquartered maker of electric vehicles in the US, to build its next Gigafactory - a combination of car- and battery-making plant - in Shanghai, East China, clearly reflect optimism about the strength of China's market for such vehicles but likely suppliers of components and materials remain cool, awaiting more details, Mysteel learned last Friday.
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Rio Tinto, headquartered in London, has agreed to sell its off-take interest of copper production from Grasberg - a copper mine in Indonesia to the country's mining company PT Indonesia Asahan Aluminium (Inalum) for $3.5 billion.
