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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CBIX eased marginally over the week, down 0.7 per cent (US$0.3) to US$45.1/dmt, with ViU-adjusted prices showing some convergence. Malaysian cargos are beginning to re-enter the market, with prices unchanged at US$25-26/dmt FOB for unwashed material (US$29.4/dmt on a ViU-adjusted basis) and...
London-listed Vedanta Resources is looking up to auctions of bauxite blocks to clinch long-term raw material security for its alumina refinery at Lanjigarh (Odisha). Vedanta was feeding the refinery by sourcing bauxite from other states as well as importing from countries like Guinea. The refinery...
Guinea's Bauxite Company (CBG) has reached an agreement in principle over a $1 billion loan to increase production capacity at the Kamsar treatment plant, the firm's general director told Reuters on Friday. Guinea has around a third of the world's reserves of bauxite, used to make aluminium,...
Global bauxite ore production is set to experience solid growth driven by a robust project pipeline and reach 321.3 million tonnes (Mt) in 2020, according to a recent industry report. The report states that the production will witness a compound annual growth rate (CAGR) of 3.1 per cent from 2016...
CBIX eased over the week, down 1 per cent (US$0.4) to US$45.4/dmt. This comes on the back of a low ViU-priced cargo from Guinea and lower Malaysian FOB prices, which have pulled back slightly, to US$25.5/dmt for unwashed material FOB and US$34/dmt CIF. Unwashed grades are reportedly 40.5 per cent...
According to Jamaica’s Minister of Transport and Mining Michael Henry, authorities expect to reopen the Alpart bauxite mine and alumina refinery in Nain, St Elizabeth, in the present fiscal year, which runs from April 1, 2016 through March 31, 2017. Henry made the disclosure while speaking to...
Bauxite prices in China have shown signs of rising, especially in Shanxi province, where more new alumina capacity came on stream than other regions, reported industry sources. Rising alumina prices gave Chinese alumina producers incentive to restart idled capacity or bring online new capacity,...
A Dubai-based resources firm is in talks with trading houses to develop bauxite reserves in Guinea, valued at $8 billion and previously held by BHP Billiton, the company's co-founder said on Thursday. James Tounkara, co-founder of Gajah Investment Group, said he also expected Chinese involvement in...
A large bauxite deposit was found in Ludian County, Yunnan Province, the China Geological Survey (CGS) reported. The deposit is estimated to have 20.1 million tonnes of reserves, the CGS added.
Transport and Mining Minister of Jamaica, Hon. Mike Henry, says that mined-out bauxite lands across the island will be returned to productive use, especially in the area of agriculture. During a tour of two water harvesting and greenhouse cluster projects in St. Ann on June 2, Mr. Henry said he is...
CRU issued a report late last week detailing the future of bauxite ore, and, according to CRU’s analysts, the future looks pretty good. Following is an overview of the top bauxite-producing regions and an outlook for the coming months. Indonesia – the archipelagic country had been the source for up...
CBIX lifted 3.3% (US$1.5/dmt) over the week, on the back of higher ViU-priced cargos from Australia. This was despite Brazilian material being sold at record low prices into China. Higher Australian prices are no surprise, given the recent rally in alumina prices and the link between bauxite and...
The Centre in a joint venture with the Goa government is planning to have a satellite port, about 35 kms from Mormugao Port Trust, Union Shipping Minister Nitin Gadkari said yesterday. "The Centre in a joint venture with the Goa government is planning to have a satellite port which will be 35...
Unreliable power supply remains a key challenge to the sustainability of the mining industry in Ghana, Mr Kwame Addo Kufuor, the President of the Ghana Chamber of Mines, has said. Speaking at the opening session of the three-day 11th West African Mining and Power Conference in Accra, Mr Kufuor said...
Rio Tinto (RIO) stock is rising 0.07% to $27.55 in afternoon trading on Thursday after the London-based mining company said demand for bauxite, a raw material used to make aluminum and alumina, is expected to gain over the next 15 years because of growing production in China. Bauxite demand is...
The Jamaican economy grew by an estimated 0.9 per cent for the quarter to March 2016 when compared with the corresponding period last year and was the same level of expansion for fiscal year 2015/16, the Planning Institute of Jamaica reported on Wednesday. The positive outturn for the quarter...
China’s quest for raw materials for its aluminum smelters and alumina refineries promises to deliver a 15-year boom for exporters of bauxite, according to Rio Tinto Group, which is spending $1.9 billion to raise output. Global demand is already growing rapidly and will outpace the 4 percent-a-year...
The University and Allied Workers Union (UAWU) says it is still negotiating with Noranda Jamaica Bauxite as it continues to appeal to the company to reconsider its recent layoff of more than 30 workers. The UAWU represents some of the workers who were laid off. President of the UAWU Lambert Brown...
