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Canyon backs board choice amid takeover scrutiny and Minim Martap funding review
Bauxite

Canyon backs board choice amid takeover scrutiny and Minim Martap funding review

Canyon Resources, the Australian mining company developing Cameroon’s Minim Martap bauxite project , has recommended the re-election of Director Gaurav Gupta, who also serves on the board of its largest shareholder, A2MP Investments FZCO. The recommendation comes as the company prepares for its annual general meeting on November 30, 2026, where shareholders will also consider a separate board nomination that has not received directors’ support. The developments follow recent proceedings before Australia’s Takeovers Panel concerning A2MP’s unsuccessful attempt to acquire the remaining Canyon shares and a proposed AUD 170 million (USD 115.7 million) financing package. In an October 28 decision, the Takeovers Panel examined the relationship between Canyon and A2MP following the latter’s...

Vietnam’s bauxite ambitions: Vinacomin proposes $208m Lam Dong mining project
Bauxite

Vietnam’s bauxite ambitions: Vinacomin proposes $208m Lam Dong mining project

Vietnam National Coal and Mineral Industries Group (Vinacomin) has proposed an integrated bauxite mining and processing project worth VND 5.2 trillion (USD 208 million) in Lam Dong province, Vietnam. Currently under appraisal by provincial authorities, it is designed to produce around 3 million tonnes of refined bauxite ore annually, reinforcing raw material requirements at the Nhan Co Aluminium Plant and the planned expansion of its alumina operations. Located in the Nhan Co Cluster, the proposal spans over 6,666 hectares. Of this, approximately 5,269 hectares are earmarked for mining and around 50 hectares for the ore processing plant. The project also includes five post-processing sludge reservoirs covering about 1,120 hectares, alongside the 318-hectare Dak Buk So 8 water reservoir. A...

Vedanta bets on captive bauxite as OMCL pricing dispute threatens cost advantage
Bauxite

Vedanta bets on captive bauxite as OMCL pricing dispute threatens cost advantage

Vedanta Aluminium Metal Ltd is turning to captive bauxite supplies to manage rising raw material costs as a pricing dispute with its long-term supplier, Odisha Mining Corporation Ltd (OMCL), puts pressure on its procurement expenses. The company plans to begin production at its Sijimali bauxite mine in Odisha during the current financial year, targeting an initial output of 1 million tonnes. Vedanta received long-pending consent to operate the mine in September. Production is expected to increase to 5–6 million tonnes in FY28, with the captive resource anticipated to replace imported bauxite and reduce the company's dependence on external suppliers. The mine is expected to generate savings of approximately USD 25 per tonne, according to chief financial officer Anup Agarwal, who discussed...

China bauxite imports seen range-bound as supply recovery offsets soft alumina demand; port stocks edge lower
Bauxite

China bauxite imports seen range-bound as supply recovery offsets soft alumina demand; port stocks edge lower

Domestic ore prices showed no notable change last week, with inland domestic bauxite largely supplied through long-term contracts to ensure security of supply. However, the market widely expects supply of domestic ore in Shanxi to loosen, and some participants believe 2027 domestic mine supply will be better than this year--though actual progress still depends on local policy implementation. On the import side, confirmed November long-term import ore volumes rose from October, which should help lift Guinean shipment volumes to China somewhat. In addition, previously suspended small- and medium-sized mines are planning to resume shipments in November as freight rates retreat, and offers have already appeared in the market. Partial resumption at small per medium mines will add a sequential...

Switzerland explores Indonesian bauxite and critical minerals for domestic manufacturing
Bauxite

Switzerland explores Indonesian bauxite and critical minerals for domestic manufacturing

Switzerland is seeking critical minerals from Indonesia to support domestic manufacturing, including producers of medical devices such as artificial joints, according to Swiss Ambassador to Indonesia Konstantin Obolensky. Speaking to reporters in Jakarta, Obolensky said Swiss manufacturers were seeking to diversify their mineral supply sources and viewed Indonesia as a potential supplier of materials required by local industries. He said, “There are critical minerals and other materials that Indonesia produces which are important for the Swiss industry.” Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Indonesia has significant reserves of several...

Metro Mining ships 752kt of bauxite in October as operations improve
Bauxite

Metro Mining ships 752kt of bauxite in October as operations improve

Australian bauxite producer Metro Mining shipped 752,000 wet metric tonnes (WMT) of bauxite in October 2026, up 14 per cent from September, as operations at its Bauxite Hills Mine in Cape York, Queensland, recovered from earlier disruptions. The company said the factors affecting output in September were progressively addressed during the first half of October. Following a planned two-day maintenance shutdown, operations recorded daily shipment rates above 30,000 tonnes, culminating in the fastest Capesize vessel loading of the year. Mining performance also improved after permanent and temporary staff were added to production crews, alongside a stronger focus on productivity. CEO and Managing Director Simon Wensley said, “ Production crews have been supplemented with permanent and...

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