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>Aurum Exploration Fiji Ltd is all set to export 70,000 tonnes of bauxite valued at $4 million, which had remained unshipped at the mining sites, next month after a year of export halt. Acting director for mines at the Department of Mineral Resources, Apete Soro, confirmed that the bauxite...
<p>Australian Bauxite Limited released their quarterly report & activities statement for 3 months to 30 June 2016 on July 24, Sunday. The mining group with an available cash plus R&D incentive (due) amounting to $2.9 million posted strong sales of cement-grade bauxite totalling 40,000...
<p>CBIX steady Value-In-Use adjusted bauxite prices CIF China rose marginally over the week, up by 0.3 per cent (US$0.2/dmt), closing at US$49.5/dmt. Prices for bauxite originating from Australia’s Gove mine pulled back slightly, offset by higher priced material from Weipa and Brazil....
<p>China imported 3,506,176 million tonnes of bauxite in June 2016, down 12.3 per cent from the same period previous year. The year-to-date bauxite import, however, increased 12 per cent to reach 25,197,259 mt.<br /><br />Australia topped the list of countries which supplied bauxite ore to China....
<p><span>Norsk Hydro Q2 2016 results reported an increase in underlying EBIT on higher prices and sales volumes.</span><br class="jx_ui_Widget" /><br class="jx_ui_Widget" /><span>However, underlying EBIT for Bauxite & Alumina segment decreased in comparison to Q1. There were a number of...
<p>Rio Tinto releases its second quarter production results on July 19 2016 reporting growth in all verticals of its aluminium business.<br /><br />Rio reports nine per cent production growth in Bauxite in comparison to the first half of 2015. This was primarily due to the three per cent improved...
CBIX rose 3.5 per cent (US$1.7/dmt) over the week, to close at US$49.4/dmt. Higher ViU-priced cargos originating from Guinea and Australia were offset marginally by lower ViU priced cargoes from Brazil and Malaysia, resulting in a net increase to the price. Guinean material is now consistently...
According to a recently published report, North America has the largest market share for bauxite mining owing to increased aluminium demand in the region. Europe and Asia Pacific region follows North America in bauxite demand. North America is expected to maintain its dominance from 2015-2020....
National Aluminium Company (NALCO) was trading higher by 4 per cent to INR 50.10 on the BSE in an otherwise subdued market after the company announced that the government has granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company's 22,75,000-tonne alumina refinery is...
Odisha’s Department of Steel & Mines has granted the lease of Pottangi Bauxite Mines, in Koraput district of Odisha to Navaratna PSU National Aluminium Company Limited (NALCO), a company press release reported yesterday. The lease, which covers an area of about 4,295 acres has been granted for a...
New bauxite deposits have been unearthed in Jashpur district of Chhatisgarh in India, Chief Minister Raman Singh informed the State Assembly in a written communication. He also informed that the State geological team has not confirmed the presence of any limestone deposit in the region....
A management level talk is on the cards between the University and Allied Workers Union (UAWU) and of the Noranda Bauxite Company executives in St Ann later this week to review and discuss the proposed redundancy packages for some shop-floor workers. Earlier this year, more than 30 workers were...
Australian miner Iron Mountain Mining Limited announced late last week that it has discovered “extensive large-scale” deposits of bauxite in the Solomon Islands. The firm made the discovery in the course of its exploration at the Nendo Bauxite Project in Temotu Province. According to the firm, the...
Greenstone Resources, a specialist mining and metals private equity fund based in the Channel Islands, has agreed to provide a major financial injection to Metro Mining’s flagship Bauxite Hills Project, near Weipa. In an ASX announcement today, Metro Mining confirmed the signing of definitive and...
The world average bauxite mine site cost fell for the third consecutive year in 2015, decreasing by 8.0 per cent. The strong US dollar and weak energy prices have been the key drivers of cost deflation in the bauxite mining industry. As most of the revenues for third party bauxite mining companies...
India's newly elected Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy Piyush Goyal, immediately after taking charge of his portfolio, said he expects the mining sector to contribute one per cent to the country’s GDP growth in the next one to two years. Goyal has...
Billionaire Anil Agarwal, the London-based founder chairman of Vedanta Resources, said his group will invest one billion dollars in Africa, betting on the continent and India as the two growth engines for the metals and mining group. "We believe, while 'one arm' is in India, we should have 'another...
Bauxite miners in Pahang are significantly less than happy about the latest extension in the government’s mining ban in the province, according to interviews conducted by local media outlets. The latest extension is the second such from the government, which extends the ban until mid-September....
