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Aluminium: Novelis to expand plant in China
The world's largest aluminium recycler, Novelis, will invest $375 million in its Zhenjiang operation in China to expand the recycling and production of aluminium products used in the automotive industry. Metal recycling will play an important role in the energy...
Iron ore: Fortescue shipments reach an all-time high
Fortescue Metals Group reported record iron ore shipments in the first quarter of 45.6 million tonnes (Mt), a 3% increase over the same period last year. Ore processed and transported by rail also achieved record volumes in the first quarter, reflecting strong...
Peru: government asks Congress for authorisation to increase mining taxes
Peru's leftist government has asked Congress for authorisation to raise taxes on the mining sector, funds that the administration wants to use for social programmes. The government wants to 'fine-tune the fiscal regime of the mining sector', according to a copy of the...
Aluminium: Rusal’s sales fall in the third quarter
Russian aluminium producer Rusal reported on Wednesday that its third-quarter sales fell 9.2% year-on-year to 915,000 tonnes due to strained transportation systems in Russia and abroad. Rising sea shipping costs have pushed Chinese producers to send more goods to...