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>According to Scrap Monster China, about 4.46 million tons of bauxite was imported by China in August 2016. The import surged 22.7% from July 2016, as shown by the latest China customs statistics. This shows China is in no plan to cut down its aluminium production in recent times.<br /><br />The...
<p>According to a Mining Weekly report, Australian miner Iron Mountain Mining has acquired a 50% interest in Au Capital Mining that is engaged in bauxite exploration in New South Wales and Western Australia. Au Capital Mining owns two prospecting bauxite mining licences in the Solomon Islands...
<p>Australian Bauxite Ltd (ABx) is selling bauxite into fertiliser and cement markets at prices higher than the currently over-supplied metallurgical bauxite market. ABx's sales of Cement-Grade bauxite in 2016 to date total 42,005 tonnes. <br /><br />Fertiliser-grade bauxite sales are naturally...
<p>China's total import of bauxite in the month of August declined marginally by 1.8 per cent year-on-year to stand at 4,457,660 million tonnes, while it grew 3.86 per cent during January-August period from the same period previous year, revealed the General Administration of Customs data released...
<p>CBIX was down 1.2% (US$0.6/dmt), closing at US$46.0/dmt last week, with cargos originating in the Atlantic basin logged at lower prices than the previous week. With the situation in Malaysia now set to stagnate, prices remain unmoved, quoted at US$26/dmt unwashed and US$38/dmt FOB washed. Rising...
<p>Robert Nash, Chairman of Bauxite Resources Limited presented the YEAR IN REVIEW to the company shareholders. In the report he discussed the substantial changes the company went through the Financial Year ending 30 June 2016.<br /><br />The most significant change the company underwent was the...
<p>Domestic bauxite prices in China rose recently and are unlikely to fall back for the foreseeable, SMM predicts.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Bauxite.jpg" alt="News" /><br />Tight...
<p>Metro Mining Ltd has confirmed it has entered binding agreements to increase its ownership in Gulf Alumina Limited to approximately 39% of the total issued capital of Gulf. <br /><br />The Announcement follows Metro’s shares being placed in a trading halt on Monday. (19 Sept.) <br /><br...
<p>Guizhou Province, one of China’s major bauxite producing regions, recently discovered another super large bauxite mine, local media reported.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>Australia remains the biggest winner in competing bauxite market share in China, while imports from Malaysia, the once big supplier, was hit badly by local mining ban, SMM learned.</p> <p>Australia, Guinea and Brazil remained the top three bauxite suppliers to China in July. Imports from...
<p>CBIX fell 4.3% (US$2.1/dmt) over the week to close at US$46.5/dmt. Lower ViU-priced cargos from Brazil and Guinea failed to offset lower priced Malaysian material.<br /><br />In the wake of the extended Malaysian mining ban, sources close to Chinese refineries importing bauxite say they are...
<p>The Sub-Committee of the International Maritime Organization (IMO) reviewed the report of a Correspondence Group on Evaluation of Properties of bauxite and coal in light of their potential to liquefy.<br /><br />The Sub-Committee noted that a Global Bauxite Working Group (GBWG) has been...
<p>Bauxite mining on Australia’s Cape York is proving to be a boon for many members of the area’s Aboriginal population, much of which is considered economically disadvantaged.<br /><br />Murray Korkatain, a Wik traditional owner interviewed by local media is preparing to enter into a...
<p>Bauxite prices CFR China held steady over the week, with the CBIX index marginally higher (0.5% or US$0.25/dmt), closing at US$48.6/dmt on the back of higher priced bauxite from Guinea and Brazil, offset by lower priced Malaysian material.<br /><br />As reported in our release last week,...
<p>Since the time Indonesia had imposed a ban on ore export two years back creating a sudden lull in the hyperactive export market for China, a number of countries came up to seize the market and provide an alternative source of bauxite for China. Australia took the first plunge and continued to...
<p>The Fijian government confirmed its first shipment of bauxite in 2016 on Wednesday.</p> <p>Fiji’s Acting director of the Mineral Resources Department Apete Soro told local media that the first shipment of the year left the Fijian port of Bua last month, bound for refineries in the...
<p>International Finance Corporation, a member of the world Bank Group announced Wednesday that it is going to invest $200 million in the bauxite mining company Compagnie des Bauxites de Guinée in Guinea, to support 'broad-based growth' in the West African country that is still recovering...
<p>Aluminum Corporation of China Limited (Chalco) signed an agreement with the government of Guizhou Province last month for an expansive bauxite-alumina integrated complex in the region, industry source reported. <br /><br />As per deal, Chalco will establish a bauxite-alumina JV project in...
