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Xinjiang Joinworld, a diversified aluminum conglomerate based in Northwest China’s Xinjiang Uygur Autonomous Region, plans to build a 1 million tonnes/year alumina refinery in the West African country of Guinea, a company official confirmed on Tuesday.
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Rio Tinto has shipped the first vessel of bauxite from the Amrun project in Queensland, Australia recently, which was six weeks ahead of schedule, destined to its alumina refinery in Gladstone, also in Queensland, Australia.
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Aluminum Corporation of China Limited (Chalco), the Shanghai-listed arm of China Aluminum Group, has announced it is joining the bidding to buy the 50% stake which state-owned Baotou Transportation Investment Group is selling in its withdrawal from bauxite miner and alumina refiner, Shanxi Huaxing Aluminum Co, according to a Chalco announcement on November 21.
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Jiangxi Copper Company, a major Chinese copper smelter located in East China’s Jiangxi province, has settled 2019 treatment and refining charges (TC/RCs) for copper concentrates with London-based Antofagasta Plc at $80.8/t and 8.08 cents/lb respectively, with the TCs being down $1.45/t compared with the previous year, an official from Jiangxi Copper confirmed on November 21. Antofagasta has extensive copper interests in Chile.
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Of the 3,600 enterprises expected at China’s first-ever event organized to boost the country’s imports of goods and services – the China International Import Expo (CIIE) currently underway in Shanghai – are numerous foreign mining enterprises across the ferrous, nonferrous and energy industries, many of which have evidently already achieved their goal of furthering cooperation with China.
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State-owned China Minmetals Group has signed a five-year copper cathode procurement contract with KGHM, formerly known as the Polish State Mining and Metallurgical Combine, according to a release from China’s State-owned Assets Supervision and Administration Commission of the State Council.
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United Company Rusal Plc (Rusal), the world’s second largest aluminum producer after China Hongqiao Group, posted a profit of $1.55 billion during the first nine months of 2018, an increase of 98.1% on year, mainly thanks to the rises in aluminum and alumina prices despite its declining sales, according to the company’s Q3 report released on November 5. Rusal’s profit for Q3 alone surged 46.3% on quarter or 91.3% on year to $597 million, it said.
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Aluminum Corporation of China (Chalco), China’s largest alumina and aluminum producer, has commenced the construction works at the 12 million tonnes/year Boffa bauxite mine in Guinea, Chalco’s first overseas project of its kind, on October 28, according to a company release.
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The diversified Anglo-Swiss miner Glencore achieved a 12% year-on-year rise in copper output over January-September to 1.06 million tonnes and a 13% year-on-year jump in nickel production to 90,900 tonnes over the same period, according to its latest quarterly report released on October 26. But production of zinc was lower by 5% on year to 786,000 tonnes as of end-September, it reported.
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Southern Copper Corp (SCC), one of the largest integrated copper producers and headquartered in Phoenix, USA, posted a notable decline in net profits in the third quarter of 2018, the company has announced, with its net income declining 8.1% on year to $369.4 million despite higher production and sales.
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Freeport-McMoRan Inc (FCX), the world’s second largest copper miner, posted a year-on-year increase in its copper concentrates sales of 112 million pounds or 12% over the three months ended September 30 to 1.04 billion lbs (473,550 tonnes) in terms of 100% copper content, according to its latest quarterly report released on October 24.
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Anglo American plc saw copper output from its three production bases worldwide grow during the third quarter of this year, gaining 17% on year or 9% on quarter to 171,800 tonnes (in concentrates and cathode), according to Anglo’s Q3 report released on October 23. The global diversified miner headquartered in London and Johannesburg attributed the notable increase in copper production to higher grades of ores and better weather conditions.
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Minerals and Metals Group (MMG), the Australian nonferrous metals subsidiary of China Minmetals Corporation (Minmetals), has disclosed that its copper output over July-September declined 11% on quarter or 18% on year while its zinc production saw a huge year-on-year surge of 234% over the same period.
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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
