China's domestic ore prices held steady last week. In Shanxi, a limited volume of relatively lower-grade domestic ore was concluded under long-term contracts at approximately RMB 530 per tonne. In Henan, the expected increase in domestic ore output has yet to materialise, leaving the supply-demand...
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...
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<p>India has a total bauxite resource of 3,480 million tons( according to UNFC system) 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...
<p>The state government of Odisha had taken up the issue of working out local bauxite supplies for Vedanta’s loss-making alumina refinery at Lanjigarh where it had left in 2013. The state-run mining company Odisha Mining Corporation (OMC) had renewed attempts to start bauxite mining...
<p>Metro Mining appears to have won a prolonged takeover battle for Gulf Alumina Ltd.<br /><br />Metro launched its bid for Gulf last December. Gulf, a public unlisted company, owns the Skardon River bauxite project bisecting Metro’s Bauxite Hills’ project north of Weipa on Western Cape...
<p>Alliance Mining Commodities (AMC), a Bermudan minerals development company has signed a merger term sheet with MHM Metals of Melbourne, Australia, reported industry sources aware of the matter. The proposed merger will be implemented by way of a scrip exchange, at an indicative merger ratio of...
<p>Noranda Jamaica Bauxite officially changed the ownership of its operations in a “seamless” transfer, announced Jamaica Minister of Finance and the Public Service, Audley Shaw. <br /><br />Noranda Aluminum Holding Corporation, the holding company of Noranda Jamaica Bauxite, received...
<p>Moly Mines, one of the most talked about companies on the ASX (for all the wrong reasons though) is reportedly fighting a US$53 million+ battle with Metro Mining for the acquisition of Gulf Alumina's Queensland bauxite operations ownership. Every stakeholder linked to the matter is known to be...
<p>CBIX was up 2.7% (US$1.3/dmt) on the back of high Value-in-Use (ViU) cargos from Australia and Brazil and the absence of any lower ViU cargos (e.g. from Malaysia) to counter-balance. Although Malaysian prices remain unchanged (US$27.5/dmt FOB un-washed and US$39.5/dmt FOB washed), an increase in...
<p>The global Bauxite resources are estimated to be 55 to 75 billion tons. Currently the total reported mine production from 27 countries stands at 245 million tons. The leading f bauxite producing countries are Australia, China, Brazil, Guinea, India, and Jamaica. These countries accounted for 87%...
<p>The 13th International Mining & Machinery Exhibition will be held at Eco Park, Kolkata in India during November 16-19, 2016. Organized by the Confederation of Indian Industry (CII) and supported by Coal India Limited, Ministry of Coal, Ministry of Mines, and Ministry of Steel, the Global...
<p>Metro Mining Limited has announced the presentation of a highly conditional proposal by Moly Mines Limited regarding acquisition of all the shares of Gulf Alumina Limited. The company said it is pinning hopes on the Gulf Board of Directors' decision on the new proposal who they learnt to be...
<p>The demand for quality Australian bauxite is on the rise. Globally, vertically integrated aluminium companies are looking at Australia-wide opportunities to tap their bauxite reserves either by starting mining operations there in the country or by sourcing the ore through imports. There are...
<p>Iran is stepping up its initiatives to procure bauxite for its domestic aluminium industry. In a bid to boost the country's aluminium production, the Persian Gulf country is mulling options to secure bauxite supplies from Australia as its Guinea bauxite project remains held up as of now. <br...
<p>India’s State-run mining company Odisha Mining Corporation (OMC) has renewed attempts to start bauxite mining operations in the ecologically fragile Niyamgiri Hills, reported sources aware of the matter. The company’s earlier attempts in this regard were turned futile by the...
<p>CBIX climbed 2.6% (US$1.2/dmt) to US$46.3/dmt on the back of higher ViU-priced Brazilian material. After the slight rise last week, Malaysian prices held, with unwashed material at US$27.5/dmt FOB and washed material at US$39.5/dmt FOB.<br /><br />The pace is quickening (if that’s...
<p>According to the recently published Research and Markets report, the global aluminium ore and concentrate trade amounted to 3,077 million USD in 2015, exhibiting noticeable fluctuations over the period under review. A significant drop in 2009 was followed by volatile recovery over the next four...
<p>Metro Mining Ltd has confirmed through a press release that the board of Gulf Alumina Limited has announced Metro’s offer to the acquire all of the shares of Gulf to be superior to the proposal from Moly Mines Ltd.<br /><br />It is to be noted that Metro Mining currently owns a 39.3%...
<p>UC RUSAL, the leading global aluminium producer, announces its operating results for the third quarter 2016. In the bauxite segment, the company reports substantial growth in bauxite output in Q3 as well as the first nine months.<br /><br />In Q3, 2016, bauxite output totaled 3,211...
<p>Australian Bauxite Limited has released its sales and production results for the third quarter of the current financial year. The mining company said it is selling bauxite into fertiliser and cement markets at prices higher than the currently over-supplied metallurgical bauxite market....
