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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Bauxite prices remained virtually unchanged, up 0.3% (US$0.1/dmt), to close at US$44.4/dmt for the week. Several lower ViU-priced cargos from Malaysia were recorded, with their prices balanced by a single, higher ViU cargo from Montenegro recording a CBIX (ViU-adjusted) price of US$53.7/dmt. With...
New Tasmanian miner Australian Bauxite Limited is making progress after hitting market problems. The company, which mines at Bald Hill, near Campbell Town, recently finalised its second sale and is working towards a much bigger third sale. It is also eyeing a large deal in the Middle East. Mining...
Research Corridor has published a new research study titled “Bauxite Cement Market – Growth, Share, Opportunities, Competitive Analysis and Forecast, 2015 – 2022”. The Bauxite Cement market report studies current as well as future aspects of the Bauxite Cement Market based upon factors such as...
Minister of Finance and the Public Service Audley Shaw says that Jamaica was denied $625 million in bauxite levy payments last December due to the “slackness” of the previous Government. Shaw, in closing the 2016/17 Budget Debate yesterday in Gordon House, spoke about the loss to the country when...
The moratorium on bauxite mining in Kuantan, Pahang, may be extended until all conditions set by the authorities are adhered to, according to Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar. The New Straits Times (NST) quoted him as saying that the conditions...
Guinea beat Malaysia as the second largest bauxite supplier to China, marking a significant change in supplier structure. Imports of the aluminium smelting raw material look set to grow in the future, SMM predicts. Shandong Xinfa Group plans to import 2-3 million tonnes of bauxite from Guinea this...
Showing that savings in the mining industry can be achieved by implementing sustainable practices, Rio Tinto has modified the design of the rear tipper truck fleet at its Weipa bauxite mine to reduce costs and fuel usage. The mine’s rear tipper trucks are fuelled by diesel and are used during the...
Odisha government is in the process of putting at least seven mines for auction by August, state Steel and Mines Minister Prafulla Mallick said today. The seven mines include iron ore, manganese and a bauxite mine in Koraput district. "We are in the process of auctioning seven more mines by...
Australia has been a top supplier of bauxite to refineries in the People’s Republic of China for the past several years, but the country is facing increased competition for the Chinese marketplace from Malaysia and Guinea, according to a report compiled by the Australian government’s Department of...
Diversified conglomerate Larsen & Toubro (L&T) is on its way to secure the Kutrumali and Sijimali bauxite deposits in Odisha, with combined reserves of over 300 million tonne. L&T holds the prospecting license (PL) over the twin deposits and is entitled to bag the mining lease (ML) under the new...
Bauxite prices eased 1.6 per cent (US$0.7/dmt), closing Friday at US$44.2/dmt for the week. Several lower ViU-priced cargos from Malaysia contributed to the marginal decline over the week. Although Malaysian bauxite exports have resumed, mining activities have not - current exports (via Kemaman...
Independent Queensland MP Billy Gordon and indigenous leaders said Friday, last week, the Palaszczuk (39th Premier of Queensland, Australia) government needed to do more to ensure economic development of the troubled Cape York community of Aurukun. He stressed upon the need for opening the bauxite...
Metallica Minerals is looking forward to starting bauxite production by the first half of 2017. Metallica CEO, Simon Siesarewich said in a recent interview that the company is likely to have the approvals in place over the wet season 2016/17. Since that is not the right time up around Weipa to be...
A landowning unit in Wainunu, Bua on Vanua Levu has given consent for bauxite mining in the district. Although the district meeting held at Daria Village this week did not identify the mataqali, Tui Wainunu Ratu Orisi Baleitavea confirmed that a landowning unit had given its approval. In an...
Centre and states will create a platform to monitor the status of clearances and approvals of auctioned mines bearing minerals such as bauxite, gold, iron ore and limestone. At the first meeting of the inter-ministerial group (IMG) held earlier this month, it was decided that a software should be...
Bauxite prices were up 3.5 per cent (US$1.5/dmt), closing at US$44.9/dmt for the week, driven by higher ViU-priced cargos from Brazil. In Malaysia, AK and Spring Energy have resumed mining and are planning to export through Kemaman port, some 20-30km north of Kuantan port. We therefore expect to...
The Fiji Government is monitoring the rehabilitation work at bauxite mining sites in the North as outlined by XINFA Mining in their rehabilitation plan. The programme is to be continued until the site is fully rehabilitated, Director Mineral Resources Raijeli Taga said in an official update. Ms...
The lush vegetation grown by Surin Deris, a settler, has shown that land formerly mined for bauxite can be cultivated, with a little bit of extra effort. Surin, 68, a first generation settler in Tanah Rancangan Pemuda Bukit Goh, said the plants were grown about one month after bauxite mining...
