Bauxite Weekly Recap: Rio Tinto renews partnership with UQAC for 3 years to continue R&D in bauxite and alumina manufacturing

This week, the bauxite industry started with the news that, Rio Tinto has reportedly renewed the partnership with the Université du Québec à Chicoutimi (UQAC) for the next three years, meaning the former will invest more than $2 million to continue research & development in bauxite and tailings processing technologies. This marks a 25-year union between the two organisations, particularly in the area of bauxite and tailing treatment technologies and alumina manufacturing.

To know more: https://www.alcircle.com/news/rio-tinto-renews-partnership-with-uqac-for-3-years-to-continue-r-d-in-bauxite-and-alumina-manufacturing-71663

This was followed by the news that, Guinea mining sector attracting US$6.2 billion investment within 5 years of time. The West African nation that recently faced a political crisis, Guinean’s mining sector has attracted $6.2 billion of investments in the span of five years which signifies 2015-2020. Hence it kept the nation’s economy resilient amid the epidemic Ebola and Covid-19 pandemic. Out of the $25 billion of outstanding investments commitments, $6.4 billion has already been invested in the sector, of which 97% or $ 6.2 billion USD during the above said period alone.

To know more: https://www.alcircle.com/news/guinea-mining-sector-attracts-6-2-billion-investments-in-5-years-span-71635

According to reports, the Government of India informed the state of Andhra Pradesh that it has no involvement in the international arbitration brought by the Ras-Al-Khaimah Investment Authority (RAKIA) over the cancellation of a Bauxite supply deal between Andhra Pradesh Mineral Development Corporation (APDMC) and ANRAK Aluminium Limited. The Centre, which is also a party in the arbitration petition, is said to have chastised the State administration for withdrawing the arrangement without alerting the Centre while the matter is being heard in a London court.

To know more: https://www.alcircle.com/news/govt-of-india-has-no-involvement-in-rakias-international-arbitration-71654

On 19^th October 2021, the President of Indonesia, Joko Widodo stated the country is planning to put brakes on the export of all crucial raw commodities in an attempt to entice investment in onshore resource processing and job creation. The world’s largest island nation, Indonesia has banned a number of crude ore exports including nickel, tin and copper in a bid to vitalize downstream industries, comprising the manufacturing of batteries for EV and the aluminium industry.

To know more: https://www.alcircle.com/news/indonesia-plans-to-put-ban-on-bauxite-export-onward-2023-71666

According to the third-quarter results of 2021 (ended on September 30) released by Rio Tinto, the company’s bauxite production stood at 13.967 million tonnes, up by 2 per cent quarter-on-quarter but down by 3 per cent on the year due to equipment reliability issues and overruns on planned shutdowns at our Pacific operations.. From January to September, Rio Tinto’s total bauxite production amounted to 41.231 million tonnes, 4 per cent lower than a year ago.

To know more: https://www.alcircle.com/news/rio-tintos-bauxite-production-grows-2-q-o-q-to-14-million-tonnes-but-alumina-output-drops-4-to-2-million-tonnes-71643