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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

Metal industry sees no need for LME green aluminium platform

By: Reuters     22nd September 2020 The London Metal Exchange does not need a separate platform to trade low carbon aluminium and should focus instead on services its users need more urgently, such as a euro-denominated steel contract, metal industry sources told Reuters. As pressure mounts on investors and companies to prove their... 

Hulamin expects to return to profitability in the second half of this year 

By: Tasneem Bulbulia     21st September 2020 Significant cost reduction efforts, coupled with stringent controls over working capital, helped to reduce the impact of Covid-19-related restrictions on aluminium supplier Hulamin's performance for the six months ended June 30, CEO Richard Jacob said on September 21. The company noted that cost... 

Australia aluminum sector in fight for survival, industry warns

By: Bloomberg     15th September 2020 Australia’s aluminum smelters are being priced out of the global market due to high energy costs, with closures looming unless they can find a pathway to cheaper power, according to the head of an international producer body. The warning comes as smelters across the globe are under pressure from... 

Rio Tinto may need to tap outsider for new chief 

By: Reuters     11th September 2020 Four years after mining giant Rio Tinto swept out its veteran managers to make way for a new generation of business heads, its leadership team has come unstuck. The world's biggest iron ore miner is looking for a new chief and iron ore boss after they allowed the blasting of ancient Aboriginal... 

Trafigura launches $500m low-carbon aluminium financing platform

By: Mariaan Webb     8th September 2020 Commodities trader Trafigura has launched a $500-million ‘low carbon aluminium’ financing platform, which it says is a first-of-its kind for the company and the wider market. Supported by Natixis and Rabobank, the platform will enable Trafigura to access finance at a preferential interest rate... 

Insimbi ‘cautiously optimistic’ as earnings fall

By: Simone Liedtke     24th August 2020 Germiston-based foundry Insimbi Industrial Holdings remains cautiously optimistic for the year ahead as its headline earnings a share for the financial year ended February 29, was 25% lower year-on-year at 10c a share. Earnings a share also decreased, but by 32% year-on-year, to 8c a share. 

Water treatment technology available but costly

By: Darren Parker     21st August 2020 Although the technology to treat and purify mine water to acceptable standards already exists, the main challenge for the mining industry and society is affordability, says water and environmental consulting firm GCS regional director and senior hydrogeologist Pieter Labuschagne. Currently, the... 

South32 progressing negotiations with Eskom for Hillside  

By: Tasneem Bulbulia     20th August 2020 Dual-listed South32 is making good progress with its negotiations with State-owned power utility Eskom on electricity prices for its Hillside aluminium smelter in Richards Bay, the group said during a media call on August 20. COO Mike Fraser said the group had reached an agreement with Eskom on a... 

DTIC makes case for export tax on scrap ahead of infrastructure-led recovery effort  

By: Terence Creamer     19th August 2020 The Department of Trade Industry and Competition (DTIC) has again underlined its support for the implementation of an export tax on scrap metal as a way of securing supply for domestic scrap-consuming industries and sustaining primary steel production capacity ahead of government’s proposed... 

Norsk reduces Alunorte capacity on pipeline maintenance

By: Mariaan Webb     19th August 2020 Production at the Alunorte alumina refinery will be reduced to between 35% and 45% of its capacity, while aluminium producer Norsk Hydro completes maintenance work on a pipeline that transports bauxite to the refinery. Maintenance had to be brought forward after sections of the pipeline from the... 

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