Rio Tinto’s planned USD 1.9 billion investment in the Kangwinan bauxite project is expected to support more than 1,300 construction jobs in Queensland, while helping secure the long-term future of its Weipa mining operations as existing sources of production approach the end of their lives. Located on Western Cape York Peninsula, Kangwinan will add 20 million tonnes of annual bauxite production capacity, with first output targeted for 2029 and full production expected by 2032. The project will raise Weipa Operations’ annual capacity to around 44 million tonnes from current production of approximately 38 million tonnes. Construction is scheduled to ramp up in 2027. Beyond the immediate employment boost, the investment is expected to help sustain Rio Tinto’s residentially based workforce of...
International Responsible Business Conduct (IRBC) has completed a project examining aluminium and bauxite supply chains to improve transparency and traceability in materials supporting the renewable energy transition. The project brought together wind energy company Siemens Gamesa, Dutch cable manufacturer TKF, Digital Product Passport (DPP) technology provider Minespider, and project partner Responsible Trade. The initiative mapped selected upstream aluminium and bauxite supply chains and tested secure DPPs to organise and present traceability and sustainability information across multiple supplier tiers. 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...
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Philippines Chamber of Mines is set to implement a set of sustainability standards developed by the Mining Association of Canada (MAC). Launched in 2004, the standards named ‘Towards Sustainable Mining’ (TSM) requires companies operating in various mining sectors to assess the performance of their facilities annually in terms of tailings and waste management, biodiversity conservation, safety and health, and community outreach. Philippine’s domestic bauxite mining industry is expected to benefit largely from these initiatives. Under the sustainability programme bauxite mining companies will be mandated to assess the performance of their facilities in segments like crisis management, effective energy use and harmful GHG emissions management. With this decision Chamber of Mines of the...
The Malaysian Anti-Corruption Commission (MACC) has decided to withdraw seizure order on 10 million tonnes of bauxite stockpile in Pahang. The decision was made following the Natural Resources and Environment Ministry (NRE), Department of Minerals and Geoscience and the state government agreed to introduce new rules to restrict illegal bauxite mining activities. MACC deputy chief commissioner (Operations) Datuk Azam Baki said: "It is also hoped that the decision will help in bringing down incidences of graft and abuse of power, especially those related to bauxite mining activities in the state.” "The withdrawal of the bauxite seizure order is to enable miners to remove their stockpiles while the moratorium is still in force.” Currently, the moratorium on bauxite mining in Pahang is in...
Metro Mining Limited signed a non-binding Memorandum of Understanding regarding a bauxite offtake agreement with the Chinese State-owned Enterprise, SPIC Aluminium and Electric Power Investment Co. Ltd. Metro will supply 6.5 million tonnes of bauxite over a period of four years from May 2018. Metro Mining Managing Director Simon Finnis said: “Once again this demonstrates the strong appetite for our bauxite in the Chinese refining market, and validates our mining and marketing strategy.” “Construction at the Bauxite Hills Mine is virtually complete, and is on schedule to commence production in April 2018, following the end of the Cape York wet season.” Metro Mining will initially supply 500,000 tonnes of bauxite in 2018, 1 million tonnes in 2019, 2 million in 2020 and 3 million in 2021....
According to the latest USGS release on Bauxite and Alumina in the Third Quarter 2017 , imports of crude and dried bauxite by the U.S. in Q3 2017 were 914,000 tonnes, 13% more than the revised total of 812,000 tonnes in the second quarter of 2017. However, on a YoY basis, import of bauxite drops 20% from the amount in the third quarter of 2016 and 68% less than those in the third quarter of 2015. Imports of crude and dried bauxite in the third quarter of 2016 were 1.14 million tonnes. Imports of crude and dried bauxite in the first quarter of 2017 were 790,000 tons, 47% less than 1.51 million tonnes in the first quarter of 2016. Though the imports are falling YoY, they are up quarter on quarter in 2017. The decrease in bauxite imports YOY is attributable to the temporary and permanent...
Bauxite Resources Limited advises that it has today lodged its Target’s Statement in relation to the Bidder’s Statement for the Off Market Cash Offer from Mercantile OFM Pty Ltd. Mercantile OFM has made an offer of 9 cents per share for 50% of your shares in BRL. The Company’s directors engaged BDO Corporate Finance (WA) Pty Ltd to provide an Independent Expert’s Report which included technical valuations of the Company’s assets. BDO have concluded that the Offer of 9 cents per share is NEITHER FAIR NOR REASONABLE to BRL shareholders that are not associated with Mercantile OFM and have put a preferred valuation of 12.1 cents (being 34% higher than the Offer price), with a range from 11 cents to 13.3 cents per share. BRL’s directors recommend that you REJECT THE OFFER for the following...
Fiji National University has launched a Certificate IV in Geology, Mining and Quarrying Programme. The programme would meet the needs of the mining and quarrying industry in Fiji. While addressing the graduates of Fiji National University's College of Engineering, Science and Technology, Faiyaz Koya, Minister for Land and Mineral Resources, said "With the recent developments and interests in the bauxite mining in Bua and the exploration of minerals in Namosi and Naitasiri, the demand for more research and education in this field has enormously increased.” He further stated: "Thus the need to sustainably develop our industrial mineral resources. Given that our mining and quarrying industry has been a major source of employment for most Fijians living in rural areas, it is extremely...
Romania’s imports of commodities increased during the last five years. The country bought US$ 74.4 billion worth of goods around the world in 2016, making it the 32nd largest importer in the world. Bauxite represents 1.4 per cent of the total imports of the country. Looking at the previous year, Romania’s bauxite imports were higher than what they were in 2015, but in 2017, Romania is estimated to import less bauxite. International trade data shows that Romania imported about 1386109 tonnes of bauxite in 2016, up from 1367887 tonnes a year ago. The total bauxite import volume is estimated to decrease to 1339990 tonnes in 2017. The cost from import was US$ 64 million and US$ 62 respectively for the years 2015 and 2016. The cost of import of bauxite by Romania is estimated to be about US$...
Bauxite Resources said that they set aside $10.7-million of its cash to reward shareholders with a capital return of 5c a share. This came as a counter move to thwart a takeover bid from Mercantile Investment Company. In November, Mercantile has announced an off-market takeover bid for Bauxite Resource of 9c a share for every two shares it did not already own. The company promised a 6c-a-share repayment to shareholders if the takeover bid is accepted. The bidder has announced its plan to terminate a joint venture between Bauxite Resources and HD Mining & Investment in Western Australia and stop all activities and sale all fixed assets. Bauxite Resources responded that it had A$16.2-million in cash and cash equivalent, in addition to its real estate and mining project assets to compensate...
Mercantile OFM Pty Limited, a Melbourne based investment company has announced that further to the bidding announcements made in November 2017 by them for Bauxite Resources Ltd, they have completed sending its bidder’s statement, offers and supplementary bidder’s statement to shareholders of Bauxite Resources Limited in relation to its off-market takeover bid for the shares in BAU. Mercantile OFM Pty Limited is a wholly owned subsidiary of Mercantile Investment Company Limited, Australia. The Bidder’s statement explains the off-market takeover offer to the BAU shareholders to acquire 50% or less of the issued ordinary shares in Bauxite Resources Limited. The Bidder's Statement was lodged with the Australian Securities and Investments Commission yesterday. In November, the chairman of...
Guinea will be allowed $650 million in non-concessional borrowing under a new three-year International Monetary Fund (IMF) programme, allowing it to boost spending on infrastructure projects, the finance minister said on Tuesday. The IMF is itself lending Guinea - Africa’s top producer of the aluminium ore bauxite - around $170 million at zero percent interest under its Extended Credit Facility. The IMF said in October the package, agreed by the lenders board on Monday, would support Guinea’s National Social and Economic Development Plan. “It’s historic because it includes a package of $650 million in non-concessional loans complementing other financing,” Maladho Kaba told reporters. Low global commodities prices have hit Guinea’s economy hard and hindered development of Guinea’s iron ore...
Alliance Miniere Responsable (AMR), Paris-based company developing bauxite project in the Boké region of Guinea, announced on Tuesday that the company began production at its Guinean bauxite mine. AMR is expected to increase bauxite production to 10 million tonnes per annum in the next two years. According to Reuter’s report, the mine’s production will all be sold to Societe Miniere de Boke (SMB).SMB is a joint venture by Singaporean maritime logistics firm Winning Shipping, specialist French transport firm United Mining Supply (UMS) and Chinese aluminium producer Shandong Weiqiao. AMR CEO and Co-Founder Romain Girbal told Reuters that “It’s all going to China.” By next year the company should be producing about 8 million tonnes, but by the following year it should have exceeded the 10...
Rio Tinto has launched a recruitment drive for more than 100 workers at its bauxite mines in Far North Queensland. The new roles available across Rio Tinto’s operations at Weipa including existing mines at Andoom and East Weipa and the new Amrun mine located south of the Embley River between Weipa and Aurukun. Rio Tinto Weipa Operations general manager Daniel van der Westhuizen said “We are excited to offer so many roles across our Weipa mines that will ultimately support our world-class operations. “It’s an exciting time for our people, business and community with Amrun becoming a part of a strong and sustainable future for the region.” Positions for electrical and instrumentation technicians, operators, plant fitters and maintenance personnel are on offer. Rio Tinto said that some roles...
Leading bauxite producer, Australian Bauxite Limited reported progress on the ALCORE project as per schedule announced to the Australian Stock Exchange on November 13, 2017. The project aims at developing bauxite beneficiation and refining technology that will be used to produce Aluminium Fluoride from bauxite. (Aluminium Fluoride is used in aluminium production and in lithium ion batteries). ALCORE will also produce Corethane- a hydrocarbon that can be used as a substitute for natural gas and can provide energy for the proposed ALCORE production plant. Currently ABx Group has an available cash of A$2.05 million. The company has unused lines of credit for working capital and has no immediate plans for capital raisings. Project Highlights: ABx has commissioned an engineering, design and...
Sunday was a proud day for Aboriginal people in Australia's Northern Territory, with the opening of a new bauxite mine. At a ceremony marking the official mine opening, Gumatj leader Galarrwuy Yunupingu poured a handful of bauxite into the hands of two Rio Tinto (LON:RIO) workers, Sky News reported on the weekend. The occasion was historic because it's the first mine in Australia that will be owned and operated by Aboriginals. The bauxite will be sold to Rio Tinto for export to domestic and international customers. "As the first indigenous bauxite mine, fully owned, all through the supply chain, this is world breaking," Rio Tinto Gove Operations general manager Linda Murry said in a news video on the opening. The mine, located at Gulkula in Northeast Arnhem Land, is expected to provide...
The African Development Bank (AfDB) is providing $100 million loan to support bauxite mine construction in northwest Guinea. AfDB said in a statement on Saturday that Guinea Alumina Corporation will operate the new bauxite mine with an annual production capacity of 12 million tonnes. Guinea Alumina Corporation is a subsidiary of Emirates Global Aluminium owned mining development company. According to a report from Reuters, the bank will also finance a new container terminal in the port city of Kamsar and the refurbishment of a 143-km (89-mile) railway to the port from the mine in the town of Boke. Guinea is planning to invest aggressively to meet strong demand for bauxite from China. The country aims to increase bauxite production to 60 million tonnes by 2020. The West African nation has...
Emirates Global Aluminium (EGA), the largest aluminium conglomerate in the Middle East has signed a long-term port facility agreement with Abu Dhabi Ports to import bauxite for its under-construction Al Taweelah alumina refinery. Khalifa Port sets to become the first port in the Middle East to handle some of the world’s largest ships after this agreement. EGA would be using using world’s largest bulk cargo ships, Capesize vessels for importing the bauxite. Abu Dhabi Ports would dig up and widen the existing channel to accomodate large vessels directly at Khalifa Port. The advanced port capabilities will boost Abu Dhabi’s profile as a trade and investment hub worldwide. EGA plans to use large dry bulk ships to import raw materials without the need to transfer all or some of the cargo to...
Bauxite exports from Jamaica is about to end the year 2017 in a drop. Totalling at 1.54 million tonnes during July-November (till date), the volume stands shrunk by 16 per cent from the year-ago period. This explains to a certain extent why the Jamaican government has stepped up its initiatives to rejig the domestic bauxite sector reforms. As per global export-import data, Jamaica exported 1.6 million tonnes of bauxite in the first half of 2017, down from 2.29 million tonnes in the same period previous year. In the second half of the year, the volume is projected to decline further. Value-wise too, bauxite export from Jamaica is estimated to drop from US$41.3 million in H1 2017 to US$38.8 million in H2 2017. The value is also 20 per cent lower from the value of bauxite exported in H2...
Sierra Leone exported $465 million of goods around the globe in 2016. The country’s primary mineral resources are diamonds, rutile, bauxite, gold and others. Bauxite exports by Sierra Leone have been rising over the last three years. Sierra Minerals, part of the international industrial and investment group Vimetco N.V., is the only bauxite mine in Sierra Leone and the second largest mining employer in the country. The mine has a resource base of approximately 31 million tonnes and currently produces around 1.2 million tonnes of bauxite per annum for export. According to the international export-import statistics, in 2015, Sierra Leone exported 1333337 tonnes of bauxite globally. The total revenue from the export stood at US$ 62 million. Compared to 2015, in 2016, the country exported an...
