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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According to the latest update from Shanghai Metals Market, average bauxite price has dropped about RMB 30 per tonne in Shanxi province. Today’s Bauxite (6.0≤Al/Si＜7.0) price at Shanxi province stands at RMB 340 per tonne. Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stands at RMB 270 per tonne. If we...
Guinea has started 2018 with big export plans. One of its bauxite mining companies La Guineenne des Mines (GDM) announced shipment of their first bauxite consignment from a western Boke project yesterday. The miner said it aims to export 2 to 4 million tonnes bauxite this year. Guinea has been...
The sudden halt in Malaysia’s bauxite mining growth has put many bauxite miners in the South-East Asian mineral-rich country in financial lows. WZ Satu Bhd, for example, reported a sharp decline its net profit for the first quarter ended November 30, 2017. The Main Market-listed diversified company...
The bauxite exploration and development company Australian Bauxite (ABx) has announced its quarterly highlights for the period ending December 31, 2017. The company said it was able to complete all its sales despatches successfully as scheduled and even loaded and shipped a combined 35,000 tonnes...
The state-owned mining and metals company Aneka Tambang (ANTAM) has announced its unaudited net sales value for 2017. The company has published net sales of IDR12.55 trillion in 2017 (FY17), up 38 per cent from IDR9.11 trillion in 2016 (FY16). ANTAM has reported 181 per cent increase in bauxite...
In a bid to enhance production, Chhattisgarh Mineral Development Corporation Ltd. (CMDC) has sought forest land diversion of 99.35 hectares of land in the state. The Corporation intends to carry out detailed exploration of more number of bauxite blocks and develop Pathrai Bauxite mines in the...
National Aluminium Company Limited (Nalco) said in a report that it has recorded a growth of 7.65 per cent in its bauxite production in 2016-17 fiscal. The company has produced 6.825 million tonnes of bauxite in 2016-17, from 6.340 million tonnes in 2015-16. “Bauxite mines have achieved highest...
Putting an end to Vedanta’s years-long bauxite hunt, the Government of Odisha has awarded two bauxite mines in the state. The two mines totalling 15 mtpa bauxite reserves will be able to take care of 75 per cent of Vedanta’s 20 mtpa bauxite requirement. Vedanta has been involved in developing a...
In an update regarding Mercantile OFM’s acquisition of up to 50 per cent of the issued shares in Bauxite Resources Limited, the miner announced that Mercantile has increased the bid consideration to 11 cents from the earlier 9 cents for one of every two of its shares. Further, it has extended the...
As per General Department of Customs (GDC) data, Vietnam exported 4.4 million tonnes of ores and industrial minerals worth $167 million in 2017. Exports to China alone- 3.5 million tonnes accounted for 85 per cent of the total export. The quantity of bauxite exported to China totalled 343362...
First Bauxite Corporation has announced that it has entered into a loan with Resource Capital Fund VI L.P. for a bridge loan facility with a principal amount of up to US$5 million. The fund from the Bridge Loan would be used for the purpose of funding development initiatives related to the direct...
Rio Tinto's $US1.9 billion ($2.4 billion) Amrun bauxite project is now 75 per cent complete and the Amrun team is soon expected to award some more contracts associated with the project. Amrun project will produce 22.8 million tonnes of bauxite annually starting in mid-2019. According to Rio's...
With reference to the Off Market Takeover Bid for 50% of the issued ordinary shares in Bauxite Resources Limited, Mercantile OFM Pty Ltd has lodged a revised notice with ASIC on 19 January increasing the offer. Mercantile has increased the Offer from 9.0 cents cash to 11.0 cents cash for one of...
An optimistic projection method based on last five years’ export data yielded figures showing India’s bauxite export (HS Code 260600) decreasing by around 53 per cent year-on-year in 2018. From approximately 2.6 million tonnes in 2017 (verified data from Ministry still awaited), the annual bauxite...
National Aluminium Company Limited (NALCO) has submitted an application for environmental clearance with the Ministry of Environment, Forest & Climate Change (MoEFCC) for its bauxite mine in Pottangi, Odisha. The expert committee of the Ministry of Environment, Forest & Climate Change will examine...
Global miner Rio Tinto today announced production results for the fourth quarter and full year 2017. Rio Tinto’s bauxite production in 2017 was six per cent higher than 2016. The company produced 50.8 million tonnes of bauxite in 2017. “Production at Gove was 23 per cent higher than 2016,...
Greece is the largest producer of bauxite and many other industrial minerals in the European Union. Aluminium of Greece which is the main aluminium producing company in the country owns Delphi-Distomon mining company. It operates two large bauxite deposits at Boeotia and Phocis. The plant has total...
According to an update from proactiveinvestors Australia, Lindian Resources Ltd is set to start drilling at the Lushoto Bauxite Project in Tanzania. The company has received a fund of $500,000 for 12 months, to undertake drilling at Magambe deposit. This was one of the key objectives behind the...
