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Tag Archives: nonferrous

Japan aluminum’s tipple of choice: US bourbon in a can

Jim Beam, the world’s biggest-selling US bourbon whiskey, is sold mostly in aluminum cans in Japan — which could potentially take an unintended hit from the US’ recent move to impose a 10% levy on aluminum imports. Depending on how world leaders respond, global aluminum supply flows may change if there are hiccups in the supply chain and volatility in prices. Australia, which has been exempted from the new US aluminum and steel tariffs, is not a major aluminum exporter to...

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Brazilian mining giant Vale gears up for ‘in-house’ diversification, possible acquisitions

Speculation has mounted in recent weeks on possible plans by Brazilian mining company Vale’s new CEO Fabio Schvartsman to diversify and make new acquisitions. New strategic partnerships are in theory ruled out because Vale is big enough “to set its own, even more ambitious goals,” according to the new CEO. New developments may be known on October 18, the date of Vale’s next general shareholders’ assembly, when a “diagnostic report” on the...

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Pivotal moment for South African mining

South Africa is currently redrafting its Mining Charter, hopefully bringing to an end a long period of disagreement and uncertainty. The original Charter was passed in 2002 as part of the government’s black empowerment strategy, to overcome the historic economic imbalance in South Africa between black and white citizens that was cemented under Apartheid. The Charter previously required a minimum 26% equity ownership by historically disadvantaged South Africans, but this will now be restricted...

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