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>India's mining sector is set to witness the entry of private exploration companies as the Mines Ministry identifies 50 mineral blocks to be offered to them under the new National Mineral Exploration Policy (NMEP). The offer stands as an adjunct to one of the biggest auction of explored mineral blocks, which India government has lined up.</p> <p>The Empowered Committee of the Ministry has identified the auction of 70 non-coal blocks like iron-ore, limestone and bauxite in the first tranche of the coming fiscal year.</p> <p>The total number of non-coal blocks that could be identified by the Ministry for auction is estimated to reach 280.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>Venezuelan president Nicolas Maduro has named Jorge Arreaza as the country’s new mining minister. Guyana President Desmond Hoyte has reiterated the significance of the mining resources in the country and the need to attract foreign investors for the development of its resources.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Nicolas_Maduro.jpg" alt="News" width="517" height="226" /></p> <p>While announcing Arreaza’s appointment on a televised broadcast the president said developing mining was part of his emergency plan to revive the dwindling economy of his country.</p> <p>The oil price crash in 2014 has caused a severe economic crisis in the country which led to skyrocketing...
<p>The world bauxite industry and the market are moving fast with the new positive trend in the aluminium market. New projects and expansions are on track and the companies have reported positive results. Here is a quick recap of the top headlines from the global bauxite industry from the week gone by:</p> <p><strong>RUSAL’s bauxite output in Q4 2016 drops 11.5%; full year output on the rise</strong></p> <p>UC RUSAL, the leading global integrated aluminium producer, announces its operating results for the fourth quarter 2016 and full year 2016 registering bullish progress in all three business segments: bauxite, alumina and aluminium. In Q4 2016, Rusal’s total bauxite output totaled 2,841 thousand tons which shows a drop of 11.5% QoQ. For the full year 2016, bauxite output...
<p>Initial data released by the Ministry of Mines, Government of India, shows the country's mineral output in December 2016 rose 5.2 per cent from the corresponding period previous year. Production of bauxite, the principal ore of aluminium metal, increased by 21 per cent compared to that recorded in December 2015.<br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/IndiaMineralProductionDec2016.png" alt="News" width="273" height="383" /> <em><strong>Source: The...
<p>UC RUSAL, the leading global integrated aluminium producer, announces its operating results for the fourth quarter 2016 and full year 2016 registering bullish progress in all three business segments: bauxite, alumina and aluminium.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/rusal%20bauxite.jpg" alt="News" width="517" height="226" /><br />In Q4 2016, Rusal’s total bauxite output totaled 2,841 thousand tons which shows a drop of 11.5% from last quarter production of 3,211 thousand tons. The drop is attributed to reduced bauxite output at the Timan mine which has a capacity of 3.2 million tons per year. In the next quarter the output at the facility is expected to come back to...
<p>National Aluminium Company Limited (Nalco) owned Panchpatmali Bauxite Mines in Odisha has been accredited with the 5-Star Rating by the India Ministry of Mines in a stringent evaluation process conducted up by IBM. <br /><br />The honour along with the certificate of excellence was handed over to Nalco's chief managing director Dr. Tapan Kumar Chand by he Union Minister of Power, Coal, New & Renewable Energy and Mines Shri Piyush Goyal during the 2nd National Conclave on Mines and Mineral held yesterday at Delhi. The event was graced by the Secretary, Ministry of Mines, Shri Balvinder Kumar.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Nalcoaward.jpg" alt="News" width="517"...
<p>Brazil ranks third in the list of the world's top bauxite producing countries. With bauxite reserves totalling 2,600,000 tonnes (2.6 billion tonnes), the country accounts for 9.28 per cent of the global total reserve of 28 billion tonnes, as estimated by The United States Geological Survey in January 2016.</p> <p>{newsStudioGallery}</p> <p>Brazil's bauxite exports have been on a rising trajectory over the last three years. In 2015, the South American country exported 9.22 million tonnes of the aluminium ore which surged 13.77 per cent to total 10.49 million tonnes in 2016. In 2017, till October, Brazil is estimated to export around 9.5 million tonnes of bauxite, up 10.46 per cent from the corresponding period previous year. <br /><br /><img style="vertical-align: middle; display:...
<p>Rio Tinto has awarded a contract valued at $45 million to the Queensland division of civil construction company Fulton Hogan.<br /><br />The company will build a dam supplying water to the world-class Amrun bauxite project in Western Cape York Queensland, Australia.<br /><br />The 10.9 gigalitre dam will be called ‘Arraw’, a name chosen by the Traditional Owners and the local word for Emu.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Amrun.jpg" alt="News" width="517" height="226" /><br />Fulton Hogan will develop the impoundment area, embankment and intake infrastructure for the dam and other critical supporting infrastructure including the spillway, fishway and access...
<p>Ghana is on its way to revive the economy. The country on the West Africa's Gulf of Guniea is considering further unleashing its mineral resource potential to transform the economy through development of industries and job creation. Ghana President, Nana Akufo-Addo said bauxite deposits at Kyebi and Nyinahin will be mined to manufacture machine parts within the country. <br /><br />The government of Ghana, Akufo-Addo further reiterated, is determind to rope in the private sector to set up strategic industries such as manufacturing to help expedite job creation in the country.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Ghanabauxite.jpg" alt="News" width="517" height="226" /><br...
<p>Jamaica remains largely an under-utilized mineral-rich country. The Caribbean island country which started shipment of the aluminium ore back in 1952 took two decades to become the world's second largest producer of bauxite and the second largest exporter of alumina. In 1970's the country went on to top the list of the largest bauxite producing countries in the world. But since then due to un-sustained mining practices and a host of other macroeconomic factors impacting heavily on the country's mineral sector, Jamaica's production and export of bauxite have come down drastically. The country now stands in the sixth place in the world after Australia, China, Brazil, Guinea, and India, producing 9,800 thousand tonnes of bauxite. </p> <p>{newsStudioGallery}</p> <p>However, in January...
<p>DADA Holdings LLC has announced the appointment of their team of chief officers for the Noranda Bauxite and Noranda Alumina, affiliated companies in the bauxite mining and alumina-refining industries in the United States and Jamaica.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/BauxiteFeb13.jpg" alt="News" width="304" height="200" /></p> <p>New Day Aluminium LLC, an affiliate of DADA Holdings LLC, acquired the Gramercy, Louisiana and bauxite mining operation in St Ann for US$24.4 million in November last year. The deal has resulted in more than 800 jobs being saved in Jamaica.<br /><br />According to a joint release yesterday, their new team of chief officers includes David...
<p>Norsk Hydro has reported its fourth quarter 2016 results with a record bauxite production at Paragominas and alumina production in Alunorte.<br /><br />For the full year 2016, the Paragominas bauxite mine and the Alunorte alumina refinery reached record yearly production of 11.1 million mt and 6.3 million mt, respectively.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/paragominas-1(1).jpg" alt="News" width="517" height="226" /><br />Underlying EBIT for the Bauxite & Alumina business has increased significantly compared to the third quarter. The positive result is driven primarily by higher realized alumina prices and aluminium prices on the London Metal Exchange. There was also a...
<p>Australia’s Metro Mining announced today that the company has acquired Gulf Alumina Ltd, taking full ownership of the company that it did not own previously. The company will proceed to combine Gulf’s Skardon River project tenements with its own 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/aus2010_76.jpg" alt="news" width="517" height="226" /></p> <p>Metro Mining will incorporate the use of Gulf’s existing infrastructure into the bankable feasibility study. Bankable feasibility study is likely to complete in the coming weeks.</p> <p>Metro offered Gulf 62c in cash, or 52c in cash plus one share in Metro, for each Gulf share held and ASX approved the...
<p>Rio Tinto announced full year financial results for 2016 today. Operating cash flow generation reached US$8.5 billion and underlying earnings totalled US$5.1 billion (+12% year-on-year) for the entire tenure ended December 31, 2016. The balance sheet strengthened further with net debt reducing at US$9.6 billion, down 30% YoY.</p> <p>Rio Tinto posted volume gain in bauxite from increased production at all four mines. Gross revenue from bauxite for the year ended December 31, stood at US$1,913 million while EBITDA was estimated at US$848 million, both down from the figures posted in 2015. The company attributed the decline in revenue to the low bauxite prices which did not match the increase in production. Plus, Chinese import price fell moderately to just under $50 per tonne as new...
<p>Guinea Alumina Corporation S.A. (GAC), a bauxite mining company, a subsidiary of Emirates Global Aluminium (EGA), yesterday announced that the company granted an engineering and program management consultancy contract worth $700 million to Fluor for its under-construction bauxite mine in the Boke region of Guinea, Africa.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/EGA-Guinea-bauxite-mine.jpg" alt="news" width="517" height="226" /></p> <p>The bauxite mine project is expected to begin production in 2018. The company will provide high-quality raw materials for alumina production facilities worldwide. Fluor completed the feasibility study for GAC’s Guinean mine in the second quarter of...
<p>Africa Finance Corporation (AFC) has announced that they would invest US$205m in Alufer Mining Limited for the development of Guinea-Conakry’s high grade bauxite reserves.</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>Chief Investment Officer of AFC, Oliver Andrews announced during an event that they would continue with their investment in bauxite mining sector considering the growth in global aluminium demand. AFC is the sole private sector African investor in the Bel Air Mine, which is a world class mine that sticks to the best environmental practises.</p> <p>“We are encouraged to see that Alufer has been...
<p>Emirates Global Aluminium (EGA), one of the world’s leading primary aluminium producers, announced on Thursday, February 2, that the company had completed preliminary work on bauxite mining project in Guinea. EGA already has spent US$1 billion in the development of a bauxite mine.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/BauxitFeb3.jpg" alt="News" width="517" height="226" /><br />Yousuf Bastaki, EGA’s executive vice president upstream, said, “This early milestone shows good progress in our Guinea project, which will boost Guinea’s economy, create value for EGA, and secure the supply of natural resources that we need.”<br /><br />Jan de Nul, a Belgian...
<p>Indian government has raised excise duty on bauxite to 30 per cent in yesterday’s Union Budget 2017-2018. Prior to this, there was no duty on the aluminium ore produced for sale (inland). Now, aluminium producers have to pay a duty of 30 per cent for selling the mineral ore in the domestic market. <br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/BauxiteMines.JPG" alt="News" width="517" height="226" /><br />India’s bauxite consumption in FY2014-2015 stood at 15.2 million tonnes. Production of the ore was estimated at 20.2 MT, of which a significant percentage was used for domestic consumption while the rest was exported (6.8 MT). Bauxite imports amounting to 1.8 MT account for...
