The acquisition gives Rio Tinto control of a major undeveloped Cape York resource as it expands its existing Weipa operations and advances new mining areas. Rio Tinto is expanding its Cape York bauxite portfolio by acquiring the Aurukun bauxite project from Glencore and Mitsubishi, adding a...
Metro Mining's Bauxite Hills operation delivered record quarterly production as lower unit costs and a broader customer base strengthen its growth profile. Metro Mining is building momentum at its Bauxite Hills bauxite mine in Queensland, with record quarterly output, lower unit costs and improving...
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As another milestone in the development of bauxite/alumina industry in the West African nation, Guinean lawmakers approved a $2.9 billion deal with China’s TBEA Co Ltd for the development of a bauxite-alumina project there. The project will include development of a bauxite mine and the construction...
Societe Miniere de Boke (SMB) has resumed operations at its bauxite mine after a nearly two-week strike in Guinea, the company’s Managing Director said on Wednesday. “The overwhelming majority of workers went back to work this morning even if there are a few scattered blockages without any impact...
Former Head of the National Industrial and Commercial Investments Limited (NICIL) IN Guyana, Winston Brassington has defended the decision to bring back Russian bauxite company Rusal to Guyana. According to him it was in favour of the local industry and Rusal was the only company to show interest...
Guinea’s Societe Miniere de Boke (SMB) has completely shut down its bauxite production over the past ten days owing to a staff walkout and already lost around 1 million to 1.2 million tonnes of scheduled bauxite production, with losses running to US$1 million a day, told Frederic Bouzigues, general...
With the expansion of bauxite mining sector and reopening of Alpart refinery, players in the local mining, haulage and construction sectors in Jamaica are anticipating a boost in their production capacity with the availability of brand new heavy-duty trucks for purchase in Jamaica. The trucks are...
Metro Mining’s Bauxite Hills Mine which has shipped 62,000 tonnes of bauxite on May 7 to Xinfa Group in China, one of the country’s largest integrated aluminium companies is on track to load 10,000 tonnes of bauxite per day. The project is forecast to generate EBITDA of $2.5 billion. The Bauxite...
Solomon Islands’ export of bauxite represents 93 per cent of the total exports of the country. The country exports bauxite mainly to China and India. China is the largest bauxite market for the country. Solomon Islands exported 174,189 tonnes of bauxite to China in March 2018, up 75 per cent from...
Bauxite Resources Limited has received advice from legal counsellor that the rejection of the proportional takeover bid made by Mercantile OFM Pty Ltd (Mercantile) at the Company’s general meeting held on 23 March 2018 will not be applicable to the Mercantile bid. The board has accepted this advice...
The Queensland Resources Council has welcomed a new four-year export deal secured for Queensland bauxite with one of China’s largest integrated aluminium companies. QRC Chief Executive Ian Macfarlane said the Queensland resources sector contributed $55 billion – or 78% – of Queensland’s $70 billion...
According to Shanghai Metals Market, bauxite supplies are tightening in Shanxi province, the main bauxite producing area in north China. Supply of bauxite with an alumina/silicon ratio above 4.5 was short in the market, as the Shanxi government started checks on illegal mining across the province....
Metro Mining Ltd has shipped its first batch of 62,000 tonnes of bauxite to China from its flagship Bauxite Hills Mine in northern Queensland, Australia. This was purchased by the Xinfa Group, one of China’s largest integrated aluminium companies with refining and smelting facilities in Shandong,...
Pacific Bauxite Limited has announced that it will raise up to $3.5 million to fund exploration at its Nendo Bauxite Project (Nendo) and South-West New Georgia Bauxite Project (SWNG) in the Solomon Islands. The company has received commitments to raise $2.5 million through a two tranche placement...
Local stakeholders of bauxite operations owned by Russian company UC Rusal is beaming with utmost joy since the United States has amended sanctions which it had imposed on key figures in Russia. The month of May thus began with the best positive move ever by putting an end to the blacklisting of...
China imported 20.4 million tonnes of bauxite in the first three months of 2018, an increase of 47 per cent year-on year. In March 2018, the country’s import of bauxite increased 44 per cent year-on year to 7.2 million tonnes, based on the import-export data released by General Customs. Data...
Guinea, Africa’s top bauxite producer with the production more than doubled last year to about 50 million tonnes, has approved plans of a Netherland-based company to develop a bauxite mine and alumina refinery worth US$1.4 billion in Guinea, said Guinea’s government on Friday, April 27, 2018....
Metallica Minerals has entered into a secured loan agreement with South West Pacific Bauxite, 75% owner of Wagina bauxite project. The company will provide South West Pacific Bauxite with A$120,000 loan, in exchange for an option to carry out exclusive due diligence on the Wagina bauxite project in...
The UAE-based largest industrial company, Emirates Global Aluminium, owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has signed a 15-year agreement with LD Ports & Logistics, a subsidiary global marine transport and services group of Louis Dreyfus...
In the face of US sanctions against Russian aluminium company Rusal, bauxite sources in Jamaica are floating the idea that UC Rusal may have to be persuaded into giving up controlling interest in its local bauxite operations for avoiding the further consequences. Although the situation has now...
