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>Sydney based leading bauxite producer Australian Bauxite Limited is getting a steady flow of buying leads from customers intending to enter into long-term purchase agreements. In its latest quarterly activities report, the bauxite miner said it currently boasts a sale-ready stockpile of 121,300 metric tonnes of bauxite. Till the end of first quarter of 2017, six customers from four different countries worldwide have expressed interest to purchase ABx’s bauxite.</p> <p>In 2016, ABx sold 42,005 metric tonnes of cement-grade bauxite in four sales. Prior to that, it had sold 3,584 metric tonnes of the non-metallurgical grade bauxite in four separate sales since November, 2015.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>China's bauxite imports in March 2017 increased marginally. The country purchased 5.06 million tonnes of aluminium ore from the global market, a quantity higher by 0.11 per cent from that purchased in March 2016. Total bauxite imports during the first three months of the current year totalled 13.9 million tonnes.</p> <p>Australia remained the top bauxite supplier to China in March. The island country shipped 1.87 million tonnes of bauxite to China, up 8.24 per cent from the same period previous year. Australia was followed by Guinea. The country shipped 1.85 million tonnes bauxite to China in March 2017. Bauxite exports from Guinea increased at the highest year-on-year rate (98.38 per cent). During the initial three months of 2017, Guinea exported 4.8 million tonnes of bauxite to...
<p>The Bank of Ghana came up with a clarification on the US$41.05 million proceeds from bauxite exports that went missing in the Auditor General’s 2015 Statements of Foreign Exchange Receipts and Payments report saying it is there in the report, but in a separate column. BoG said it did not control the means of repatriation directly; hence, missed out the accounts receipts when the Public Accounts Committee (PAC) inquired it of the financial stake of volumes of bauxite exported in 2015.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/bauxite-ghana.jpg" alt="News" width="517" height="344" /></p> <p>Earlier this week it was reported by Citi Business News that proceeds from 2015 bauxite...
<p>First Bauxite Corporation has announced that it has filed its audited year-end financial statements and management's discussion and analysis for the year ended December 31, 2016. First Bauxite Corporation is a Canadian natural resource company engaged in the exploration and development of bauxite deposits in Guyana, South America and intends to produce ceramic proppants for the energy industry in the future.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/bauxiteguinee.jpg" alt="News" width="517" height="226" /></p> <p>The Company completed mining and loading a bulk sample from the test pit mining program on the Bonasika project in Guyana. More than 17,000 metric tons of high grade Direct...
<p>According to UNFC system, India has a total bauxite resource of 3,480 million tons which includes 593 million tonnes reserves and 2,887 million tonnes remaining resources. By grades, about 84% resources are of metallurgical grade. Odisha alone accounts for 52% of country's resources of bauxite followed by Andhra Pradesh (18%), Gujarat (7%).</p> <p>According to the latest report, the bauxite production in India stands at about 22 million tons, increased by 30% as compared to previous year, due to good demand in domestic market and also from China. Odisha emerged as the leading producing state accounting for about 35% of the total production. Next in the order of production is Gujarat (32%). However, the larger portion of bauxite export takes place from the West Coast.</p> <p>There are...
<p>The Bank of Ghana (BoG) has been directed by the Public Accounts Committee (PAC) to provide details of about 40,000 tons of bauxite worth US$41million as soon as possible that the country exported in 2015.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Dispatch-from-Ivory-Coast-Mines.jpg" alt="news" width="517" height="226" /></p> <p>During yesterday’s PAC sitting, Member of Parliament for Efutu and member of the Public Accounts Committee (PAC), Alexander Afenyo-Markin raised the issue after not capturing information of bauxite export in the books of the central bank.</p> <p>Afenyo Markin said: “Bauxite is a major export component of our economy and if for the whole year it was...
<p>China has stepped up its export regulations. Earlier, bauxite exporters who would resort to various ways to evade taxes are now being forced to pay value-added tax (VAT) for the bauxite consignments they are sending offshore. As a result, bauxite prices off China have increased.</p> <p>Bauxite miners and sellers are now raising their bauxite prices to include the tax so as to avoid prosecution by the authorities.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/bauxiteshipment.jpg" alt="News" width="517" height="316" /></p> <p>Beijing has reinforced its check on export documents owned by large-scale bauxite sellers in order to ensure legally that they are paying their due VAT. The checks...
<p>UC RUSAL, the leading global aluminium producer, announces its operating results for the First Quarter 2017.</p> <p>During first quarter 2017, Rusal’s bauxite output totalled 2,869 thousand tonnes registering a 1.0% growth quarter on quarter. Nepheline output also increased by 7.9% QoQ to reach 1,056 thousand tonnes. Nepheline production at Timan and Kia Shaltyr increased by 8.0% and 7.9% QoQ to meet the demand from Urals and Achinsk alumina refineries, respectively.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/rusal%20bauxite%20mining.jpg" alt="News" width="517" height="226" /></p> <p>Bauxite production volumes from North Urals were also driven by the performance of the Bogoslovsk...
<p>The 3rd Global Bauxite Conference 2017 which is poised to open its doors in Jakarta, Indonesia from June 14-15 will be one of the biggest mineral industry events this year. The global congregation platform will enable industry players, including miners, traders, smelters, investors, government officials from across the world discuss key industry issues while conducting business networking in an efficient manner.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/bauxitetrade.jpg" alt="News" width="517" height="198" /></p> <p>The global bauxite industry has witnessed a significant change since the beginning of 2014. First Malaysia overtook Indonesia as a key bauxite exporter, and then it lost its...
<p>British-Australian metals and mining giant Rio Tinto today announced its bauxite production result for the first quarter of 2017. Rio Tinto chief executive J-S Jacques said that the company delivered solid production in the first quarter of 2017 even though they had to face challenging weather conditions at their West Australian and Queensland operations.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/weipa_bigpic.jpg" alt="news" width="488" height="226" /></p> <p>Rio Tinto’s first quarter bauxite production stands at 11.3 million tonnes. This time the production is two per cent higher than the first quarter of 2016. Production reduced by seven per cent compared with the...
<p>According to news on Shanghai Metals Market (SMM), a large bauxite deposit has been discovered in Dengfeng City, Henan Province. The news has been reported by local media.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/eight_col_bauxite.jpg" alt="news" width="517" height="226" /></p> <p>The bauxite reserves are approximately of 47 million tonnes. The exploration work was finished in December 2016. The bauxite deposits has high ore grade that can be easily developed.</p> <p></p> <p>In January 2017, it was reported that Henan discovered bauxite reserves of 240 million tons. In the past, large bauxite deposits were confirmed. The province has been discovering bauxite reserves through...
<p>UAE-based Emirates Global Aluminium (EGA) today said in a statement that the company opened its first office in Shanghai, China. The new office will “deepen commercial ties” by developing sales opportunities for bauxite from EGA’s under-construction bauxite mine in Guinea. EGA’s bauxite mine is estimated to produce 12 million tonnes of bauxite per annum.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/bauxite%201(1).jpg" alt="news" width="517" height="226" /></p> <p>The company’s first office in Shanghai will operate by EGA’s wholly-owned Chinese subsidiary. The office will source raw materials and other supplies in China. EGA has secured over $500m of...
<p>Guyana bauxite export continues to remain a strategic priority area even at a time when the economy is considering to switch from its dependence on traditional foreign exchange earners such as aluminium ore to one dominated by oil and gas following the discovery of oil reserve by US oil giant, ExxonMobil in mid-2015. The country which started exporting bauxite about a century ago has been on a downside in the recent years with countries such as Australia, Brazil, China, Guinea and India moving ahead as top bauxite producers of the world. However, the government of Guyana has recently taken note of the changing industry needs and called for a review of the domestic industry to decide on the further course of action.</p> <p>{newsStudioGallery}</p> <p>While the decision as to whether...
<p>According to news on Mining Weekly, Metallica Minerals, an Australian bauxite developer, has raised about A$2.5-million in a renounceable rights issue to finance the commissioning of its Urquhart bauxite project in north Queensland. </p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/649.jpg" alt="news" width="517" height="226" /></p> <p>The Urquhart project is estimated to produce around 1.5-million to 2-million tonnes per annum of direct shipping bauxite. The commencement of first production operations are anticipated in the mid of 2017.</p> <p>At a price of 5.2c each, one new share was offered for every four shares held. Investors obtained a free listed option with...
<p>The Guyana government is reviewing the domestic bauxite industry that started operating last year marking the centennial of the bauxite industry in the country. The government is waiting for a report on bauxite industry so that they can decide whether to build another alumina plant in the country and to determine the future plans for the industry.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/0c52.jpg" alt="news" width="517" height="226" /></p> <p>Natural Resources Raphael Trotman said, “We are currently reviewing the industry to see where our reserves are and the future of the industry.” He said the review also “includes a decision as to whether or not we should...
<p>According to a Platts’ report, Australia is expected to produce 82.7 million tonnes of bauxite in FY 2016-2017 (July-June), up 1.22% YOY, as confirmed by the Department of Industry, Innovation and Science on Friday. Upcoming projects in the state of Queensland are expected to raise Australia's bauxite production from fiscal 2017-2018, the report said. </p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/ABx-bauxite.jpg" alt="News" width="517" height="336" /><br /> Metro Mining's Bauxite Hills project (5 million tpy) and Rio Tinto's Amrun project (23 million tpy) which are expected to start operation in FY 2017-2018 and FY 2018-2019 are two of major upcoming bauxite projects in...
<p>The last quarter of 2016 helped mining and metal companies witnessed a reversal of fortune as inventories decreased and metal prices rebounded slowly but steadily. Metal stocks started soaring, as investors participated actively on expectations of better times ahead.</p> <p>National Aluminium Company (Nalco) shares not only more than doubled last year but also hold good prospect in the current year. The company works through the upstream business of the aluminium value chain starting from bauxite mining, alumina refining and selling, and aluminium production.</p> <p><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/Nalco%20.jpg" alt="News" width="517" height="226" /></p> <p>Nalco is in an advantageous position in comparison to its competitors because of...
<p>Bauxite industry was in an upswing last week. China, still the largest consumer of the ore, was reported to have imported higher volumes of bauxite in February. The demand for the mineral ore in the country is on a steady rise and this is expected to keep driving its imports in the foreseeable future. </p> <p>Below are some of the top bauxite news from last week that certainly call for a re-look:</p> <p>Government of Odisha, the mineral-rich state on India's east coast, was able to collect INR 6,693.62 crore royalty as on March 27, 2017- the highest since enactment of the amended Mines and Minerals-Development & Regulation (MMDR) Act on January 12, 2015. The revenue, as per state mining ministry data, has accrued from 96 mines engaged in bauxite mining and extraction of other...
