|Gulf Aluminium Council (GAC) is a coordinating body that represents promotes and protects the interests of the aluminium industry within the Gulf. In a conversation with AlCircle,|
Week in Review: An update on global bauxite sector
This week’s news recap on bauxite sector is dedicated to companies releasing Bankable Feasibility Study (BFS), first shipments, and drop in investment and so on. Metro’s BFS confirms the Bauxite Hills Mine will become one of the largest independent operations within the internationally acclaimed Weipa Bauxite Region and its commencement of work in July 2017. Let’s explore more:
Metro Mining merges its standalone bauxite projects
Metro Mining Ltd, based in Queensland, has combined two separate geological models and creates a single expanded resource for its Bauxite Hills Mine project. In December 2016, Metro Mining has acquired Gulf Alumina Ltd in order to expand the Bauxite Hills mining resource. The combined resource integrates the recently purchased Skardon River Project with 144.8 million tonnes of direct shipping ore (DSO).
Fiji confirms first shipment of 70,000 tons of bauxite for 2017
Fiji has announced that its vessel, the MV Ocean Merry, at the port of Galoa in the province of Bua, located on the western coast of the northern island of Vanua Levu, loaded the first shipment of 70,000 tons of bauxite ore for 2017.
Asia Pacific mining sector to see more M&A and increased activity in 2017
According to the latest annual Asia Pacific M&A report by Herbert Smith Freehills, mining sector including coal and gold could witness a rise in mergers and acquisitions in 2017 and bauxite will see improved activity and investment.
Show smelter development and get permission for bauxite export, Indonesian govt tells its miners
In a volte face performed in the face of political opposition, Government of Indonesia has asked local mining companies to show specific proof against smelter development progress if they wanted to sell bauxite and nickel ores to the offshore markets.
China's bauxite & other non-ferrous mining industry FA investment drops in Jan-Feb 2017
According to the General Customs of China, fixed asset investment of the country's non-ferrous metal mining and dressing industry, which includes bauxite mining, fell sharply by 15.4 per cent year-on-year in January-February 2017. The drop at 5.5 billion yuan widened 5.4 percentage points from 2016 whole-year level. In the first two months of 2017, total non-ferrous metal output including aluminium output in China totalled 8.92 million tonnes, up 11.7 per cent YoY.Get fresh Aluminium data and insights
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