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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Members of the Queensland Bauxite management team responsible for the development of the South Johnstone Bauxite Project are currently visiting several Chinese alumina refineries and aluminium smelters. The visit is a part of it current marketing strategy and a part of the operational plan under...
Mercantile OFM’s A11c per share proportional takeover offer for Bauxite Resources has been extended until May 21, while the company is fighting back, boosting its venture Ceres bauxite deposit in the Darling Range, Western Australia by 48%, a company press release confirmed. The exploration project...
The United States unleashed sanctions against Russian aluminium giant Rusal on Friday April 6, 2018. Just in two weeks’ time, the sanctions have left around innumerable consequences, starting with Glencore and Rio Tinto’s decision to declare force majeure on Russian contracts followed by...
Roy Harvey, CEO of Alcoa Corporation, a global leader in bauxite, alumina and aluminium production, announced on Wednesday April 18, 2018, the company will redirect 800,000 tonnes of bauxite to the market which was otherwise committed to Rusal. As a consequence of US sanctions, Harvey believes that...
Global miner Rio Tinto today announced production results for the first quarter of 2018. The company’s bauxite production in Q1 2018 was 12 per cent higher than the corresponding quarter of 2017, due to continued operational improvements. Rio Tinto produced 12.7 million tonnes of bauxite in the...
As per the recent report by BMI research, bauxite production is likely to grow globally over the years owing to the estimated increasing production in India, upcoming projects lined up in Australia and Indonesia’s reappearance in the market following the end of the mineral ore export ban. The...
Metro Mining has commenced mining operations at the Bauxite Hills Mine. Metro Mining Managing Director & CEO Simon Finnis said the Bauxite Hills Mine would feed the ever-growing seaborne bauxite market. Metro’s first shipment has been purchased by China’s Xinfa Group, one of the largest integrated...
State-owned diversified miner PT Aneka Tambang (ANTAM) posted a 116 per cent increase in bauxite production in the January-March period 2018. The company produced 200,300 wet metric tons (wmt) of bauxite in the first quarter of 2018. ANTAM's sales volume volume reached 61,380 wmt in the first three...
After several rounds of discussion and year-long struggle, Vedanta Aluminium Limited finally sealed a deal with the OMC to haul bauxite from Kodingamali mines to Lanjigarh refinery, as reported on April 12, 2018. According to the previous news, Vedanta had expected to pay high costs to transport...
The prolonged wait of an Angolan company Bauxite Angola for resuming its cooperation project, particularly for exploring bauxite deposits seems to finally come to an end in 2018. In 2007, Bauxite Angola had secured rights to the bauxite reserves in Guinea Bissau and in April 2012, the project was...
Malaysia, one of the world’s top bauxite producers, has started exporting bauxite to China since November, though the volume has shrunk considerably in February 2018. As per export-import data shared by China’s General Administration of Customs, bauxite export by Malaysia to China in February...
At the commencement of e-auctions, Odisha Mining Corporation offers 190,000 tonnes of bauxite secured from its Kodingamali mines in Southern Odisha. This maiden attempt of OMC to sell bauxite at e-auctions has evoked buying interests from many alumina refinery owners, both within and outside the...
Vedanta, a global diversified metals and mining company, plans to sign a long-term contract with Odisha Mining Corporation (OMC) to haul bauxite for its Lanjigarh (Kalahandi district) alumina refinery. However, the company is perplexed about the escalation of the transport cost of procuring raw...
According to the estimates of the Ministry of Mines, bauxite production in India further fell by 16.34 per cent in 2017-18, totalling 20.63 million tonnes, after a decline of 12.3 per cent in 2016-17. On the other hand, Ministry further updated that the total domestic consumption of primary...
On the face of refined aluminium inventory plunge and a rise of aluminium production after winter heating season, Shanghai Metal Market learns that the price of bauxite though remains unchanged since March 19, 2018 exhibits a steady rise. The price rise of bauxite indicates that the bauxite market...
Bhubaneswar based premier and integrated company in the aluminium value chain, National Aluminium Company Limited (NALCO) sets a new world record by excavating total 8 million tonnes of bauxite in FY2017-18. The company seems to be enjoying to have graced top news with its successive achievement,...
Australian Bauxite Limited, the Tasmanian miner reported a consolidated net profit of $170,000 in CY 2017, after a net loss of $160,000 in 2016. The chairman and former Labour state premier Paul Lennon says that the miner has potential to become a “significant corporation” and the venture is worth...
After the limited allowance of ore export in Indonesia, state-owned diversified miner PT Aneka Tambang (Antam) has obtained a new permit recommendation from Energy and Mineral Resources Ministry for bauxite and nickel exports. This will support their plans to boost production and sales of bauxite...
