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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<p>Guinea is readying to step up its bauxite mining operations over the next three years, a leading industry journal reported, citing Guinea Mines Minister Abdoulaye Magassouba. The country, Magassouba said, plans to increase its bauxite production in order to meet the rising ore demand from China.</p> <p>Guinea aims at scaling its bauxite production to 33 million tonnes in the current financial year and raise it further to 60 million tonnes by 2020.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/guineabauxite.jpg" alt="News" width="517" height="344" /></p> <p>According to the U.S. Geological Survey, Guinea has bauxite reserves amounting to 40-41 billion tonnes. It makes up almost two third of the world's total bauxite...
<p>An Australian bauxite developer Metallica Minerals Limited (Metallica) today announced that the company has appointed the LCR Group (LCR) to undertake all mining and haulage operations on behalf of the Joint Venture at the Urquhart Bauxite project. For this, its subsidiary has signed a schedule of rates contract with LCR.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Screenshot001-15.jpg" alt="news" width="408" height="227" /></p> <p>Metallica CEO, Mr Simon Slesarewich said,“Metallica is excited to work with an experienced and relationship based group like LCR on a long term basis, thereby delivering certainty and value for all stakeholders. This contract further de-risks the delivery...
<p>Both bauxite and prebaked anode prices in the domestic China market remain flat on May 22 2017. Though daily prices remain flat, the bauxite prices register a drop on a monthly analysis and prebaked anode registered a rise.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/smm%20bauxite.png" alt="News" width="517" height="226" /></p> <p>As on May 22 2017, as reported by Shanghai Metals Market; Bauxite (5.5=Al/Si<6.5) prices in Guangxi remains flat in April/May with no change registered on daily prices. The same works for Bauxite (6.5=Al/Si<7.5)in Guangxi. Bauxite (6.5=Al/Si<7.5) and Bauxite (5.5=Al/Si<6.5) prices in Guizhou province also remain unchanged. Average Bauxite (6.0=Al/Si<7.0) prices in Henan...
<p>The week gone by was more or less flat for the global bauxite industry. The newsmakers are mainly from the West African and the Chinese regions. Jamaica, Fiji and Guinea are working on their bauxite industry potentials, trying to develop the industry through various investment and expansion strategies. The week is marked by a few developments in the sector, some positive and a few negative. Bauxite prices have dropped in China in all the major regions. Here is a quick recap of the trending headlines in the bauxite sector from the week gone by.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/China%20bauxite%20price.png" alt="News" width="517" height="226" /></p> <p><strong>Bauxite prices in major...
<p>Guinea cannot afford to thrive on bauxite exports over the long term and keep overlooking developmental issues of its domestic aluminium industry. Doing that would not only make the economy vulnerable in the hands of global commodity price volatility uncontrollable on its part but would also jeopardise the development of its domestic aluminium industry, which otherwise seem to hold greater prospects than projected.</p> <p>Alpha Condé, the president of the Republic of Guinea, said this last week at the biggest mining event of Guinea, themed around “The Mining Sector: The Key To Transforming The National Economy For The Benefit Of All Actors.”</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/Conde.jpg"...
<p>In our last update on China bauxite market, dated May 17, we reported a downtrend for the ore prices in few of the major Chinese provinces. The data presented clearly showed that the average bauxite price (6.0=Al/Si<7.0) in Henan was down at RMB 380 per tonne (-10% from the previous week) and Bauxite (6.0=Al/Si<7.0) Shanxi stood at RMB 355 per tonne (-5% from the previous week), as on May 16. However, given the rising bauxite demand in the China domestic market and the recent clampdown on tax evaders, these price trends are expected to reverse in the short term.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/bauxite1..png" alt="News" width="517" height="224" /></p> <p style="text-align: center;"><img...
<p>Fiji’s Director Mineral Development Dr Raijeli Taga said that the bauxite export has been affected from the shores of Bua due to volatile nature of the mining business. She pointed out that the nation confirmed only one shipment of bauxite to China so far this year.</p> <p>In March, Fiji announced that its vessel, the MV Ocean Merry, at the port of Galoa in the province of Bua, loaded the first shipment of 70,000 tons of bauxite ore for 2017.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/55486.jpg" alt="news" width="448" height="278" /></p> <p>Raijeli Taga said, "The number of bauxite export cannot be estimated for 2017 due to volatile nature of the...
<p>Both bauxite and alumina prices in the domestic China market are on a downtrend in May. Though daily prices remain flat, the prices register a drop on a monthly analysis.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/China%20bauxite%20price.png" alt="News" width="517" height="226" /></p> <p style="text-align: center;">SMM bauxite price in RMB/t</p> <p>As on May 17 2017, as reported by Shanghai Metals Market; Bauxite (5.5=Al/Si<6.5) prices in Guangxi remains flat in April/May with no change registered on daily prices. Bauxite (6.5=Al/Si<7.5) and Bauxite (5.5=Al/Si<6.5) prices in Guizhou province also remain unchanged. Average Bauxite (6.0=Al/Si<7.0) prices in Henan province...
<p>The Jamaican government is likely to lose nearly $1.9 billion annually for its decision to exempt on the bauxite levy. The government exempted bauxite levy as part of a tax regime overhaul for extractive industries, as reported.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/timthumb.jpg" alt="news" width="448" height="275" /></p> <p>The Financial Gleaner calculated the loss figure based on Global Finance’s 2017 estimate of Jamaica’s US$14.6 billion GDP and sourced from the IMF’s World Economic Outlook 2016.</p> <p>According to the International Monetary Fund (IMF), “The recent decision to provide discretionary waivers by further widening leftover exemptions on...
<p>National Aluminium Company (Nalco) can add nearly 60 million tonnes of bauxite to its resource base through the processing of overburden. NALCO CMD Tapan Kumar Chand said while speaking at the 17th Annual Geominetech Conference on Thursday at Bhubaneswar. Currently, the company is processing the overburden from their mines.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/_DSC1147.JPG" alt="news" width="448" height="224" /><br /> <br /> He said that company’s bauxite mining is a fine testimony to environmentally positive practices of mining while mentioning that the mining operations are adopting scientific methods and focusing on conservation.</p> <p>Tapan Kumar Chand said: “In a...
<p>The Iran-Guinea bauxite project is finally back on track. The final feasibility report on bauxite mining near Guinea’s capital city Conarky was approved by government officials from both the countries on Tuesday, May 9.</p> <p>Mehdi Karbasian, Chairman of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and Abdoulaye Magassouba, Guinea's Minister of Mines and Geology, approved the ore extraction technology and process proposed by German consultants DMT GmBH, at a meeting held in Tehran. The two government authorities also came to terms regarding financing and operational cost reduction of the project.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>Temotu province of Solomon Islands is facing growing community unrest over bauxite mining licence and operations.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/solomon%20bauxite.jpg" alt="News" width="517" height="226" /></p> <p>The Australian mining company, AU Capital Mining, co-owned by Pacific Bauxite, recently won a license to explore bauxite mining at Nende in Temotu. According to media reports, bauxite interests are linked with recent political turmoil in the province.</p> <p>Temotu's former provincial premier, Nelson Omar claims that his recent removal from post was because he rejected licenses for mining and logging interests. He had rejected Pacific Bauxite for a...
<p>The Republic of Fiji is home to the Vanua Levu mine, which is one of the largest bauxite mines in Oceana, with reserves estimated at one billion metric tons. Despite having such large reserve of bauxite, bauxite mining has not been explored productively in the country due to difficult location and logistics, the military coup in 2006, the constitutional crisis in 2009, and the current military dictatorship. However, a number of companies have been continuing bauxite mining operations in Fiji despite the difficult situations and infrastructure.</p> <p>{newsStudioGallery}</p> <p>The Fijian government confirmed its first shipment of bauxite in September 2016 from the Fijian port of Bua to be delivered to China for its alumina refineries. According to Xinfa Aurum [Exploration (Fiji)...
<p>Metro Mining has announced the amalgamation of Bauxite Hills and <a href="http://www.alcircle.com/bauxite/newscircle/general/detail/27227/metro-mining-merges-its-standalone-bauxite-projects">Skardon River Project</a> in March 2017. Now the company has outlined the final agreements demonstrating strong community support for the Bauxite Hills Mine.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/metro-mining-car-and-plane.-757.jpg" alt="News" width="448" height="277" /></p> <p>According to Simon Finnis, managing director and CEO, the new agreement has been reached jointly with the Ankamuthi People, Traditional Owners of the mining lands and OMAC, the Trustee owner of the land.</p> <p>"The...
<p>Bauxite production in the Republic of Guinea has been badly affected by the social unrest whereby the rioting residents are seeking solution to the rising pollution level and frequent power cuts allegedly caused due to excessive bauxite mining. The riot has jeopardized the outflow of the ore from the country, which sits atop an estimated bauxite ore reserve of 7.4 billion tonnes.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/bauxite.jpg" alt="News" width="517" height="361" /></p> <p>Commenting on the situation, Guinea’s secretary general of Mines Ministry Saadou Nimaga said, “It’s a problem with electricity that aggravated the situation. We are working on finding a...
<p>Vedanta Aluminium, one of India’s three leading primary aluminium companies, is focused on getting its ambitious aluminium expansion plans executed successfully despite multiple bauxite mining challenges strewing its path. It is said to be banking heavily on its high smelting capacity and the “proven acumen to buy auction coal at best possible prices at all times” to scale production at its Lanjigarh alumina refinery. Industry sources have it that Vedanta is also planning bigger investments in aluminium here in India.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/bauxitemining.jpg" alt="News" width="505" height="264" /></p> <p>Vedanta unlike its two peers Nalco and...
<p>Leading metal and mineral producer Rio Tinto is aiming to generate $5 billion of free cash flow through productivity improvements over a five-year period at its multiple projects. Amrun greenfield bauxite projects are expected to deliver significantly to the targeted cash flow.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/rio_tinto.jpg" alt="News" width="517" height="360" /></p> <p>The mining company who participated in an investor conference hosted by Macquarie in Sydney, on Thursday, April 27, said that there was scope to broaden its cost savings programme to improve upon the utilisation of its haul trucks, processing activities and reducing maintenance downtime.</p> <p>Rio highlighted...
<p>Australia is the dominant exporter of bauxite ore around the world. The country has five mines in Western Australia, the Northern Territory and Queensland. The country exports major part of its bauxite to China.</p> <p>{newsStudioGallery}</p> <p>According to the Department of Industry, Innovation and Science, Australia is expected to produce 82.7 million tonnes of bauxite in FY 2016-2017 (July-June), up 1.22% YOY. The two upcoming projects Metro Mining's Bauxite Hills project (5 million tpy) and Rio Tinto's Amrun project (23 million tpy) are anticipated to increase the country’s bauxite production in fiscal 2017-2018.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Untitled1.png"...
