David McKay on Muck Rack

David McKay

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Johannesburg
As seen in: Miningmx, Apple Podcasts, Medium, MSN, The New York Times, Markets Insider, Nature, Wiley Online Library, The Conversation, The Globe and Mail, American Chemical Society and
Editor: Financial Mail Group
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Articles

The spreading ripples of oil and troubled waters

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By David McKay Verified
| BusinessLIVE Verified
The memorandum of understanding (MoU) signed between the US and Iran appears to have brought a relative calm to the Middle East, the occasional conflagration in the Strait of Hormuz aside. Certainly, the energy markets appear to be pricing in a degree of goodwill: crude is 8.7% weaker this week, supporting the notion that both sides in the conflict need the MoU to become a ceasefire.
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South32 waiting for IDC to play hand in Mozal sale

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By David McKay Verified
| Miningmx Verified
Graham Kerr, former CEO of South32 speaks during the Australian Financial Review Mining Summit in Perth, Australia, on Wednesday, May 21, 2025. Photographer: Matt Jelonek/Bloomberg via Getty Images SOUTH32 is waiting for firm proposals from minority shareholders in Mozal Aluminium before progressing recently hatched plans to sell the 370,000 ton a year Mozambique smelter.
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South32 to sell aluminium assets to Alcoa for $4.1bn

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By David McKay Verified
| Miningmx Verified
SOUTH32 is to sell its aluminium assets, including South Africa’s Hillside facilities but excluding the shuttered Mozal Aluminium in Mozambique, to Canada’s Alcoa for $4.1bn in cash and shares, it was announced on Wednesday. The package includes the whole aluminium-making chain including the MRN bauxite mine in Brazil in which South32 has a 33% stake, and its 36% stake in Brazil Alumina refinery. Bauxite ore is smelted into alumina, an oxide, prior to smelting into aluminium.
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