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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The environmental-impact statement (EIS) for the proposed Bauxite Hills project, in Cape York, has been opened for public comment after the Queensland government accepted the document. ASX-listed Metro Mining in April submitted the EIS to the Queensland Department of Environment and Heritage...
Iran expects to issue a tender by the end of 2016 to build a pipeline in Guinea for transporting bauxite mined in the West African nation to a port for shipment to the Persian Gulf country to provide raw material for a planned $10 billion aluminium production push. The tender would be issued after...
ASX-listed Australian Bauxite (ABx) is hoping to ship its second batch of bauxite from the Bald Hill mine, in Tasmania, within the next two months. The miner said on Tuesday that full payment had now been received for the maiden cargo of 5 557 t of cement-grade bauxite that left Tasmania in April...
Hydro and Brazilian mining company Vale has ended negotiations on the possible acquisition of Vale's 40 per cent interest in Brazilian bauxite producer Mineração Rio do Norte (MRN). The two companies entered into a letter of Intent (LoI) regarding the possible transaction in October 2015, but have...
The Centre has called a meeting of the Indian state governments this month to deliberate on making the next phase of mineral mines’ (iron ore, bauxite, limestone, gold) auction a success after the initial round failed to get a strong response from the industry. The high-level meeting, to be chaired...
Bauxite prices remained flat over the week, down slightly (0.1 per cent or US$0.1/dmt) to close at US$43.4/dmt. This was despite higher ViU-adjusted material from Brazil impacting prices. Bauxite exports from Guinea by SMB (Weiqiao) are also influencing CBIX, although it remains unclear what grades...
The Supreme Court on Friday scrapped a petition filed by state owned mining company Odisha Mining Corporation (OMC) to consider afresh the possibility of holding gram sabhas to decide bauxite mining on top of Niyamgiri hills. A bench of the apex court headed by Justice Ranjan Gogoi, refused to...
Exports have experienced a setback in Bua. At least $4 million worth of bauxite remains in Fiji mining sites for a year now despite improvement in the global market. About 70,000 tonnes of bauxite valued at $2.8 million has remained at the Nawailevu stockpile area and 30,000 tonnes worth $1.2m has...
The success of the first phase of mines auction held in February this year has encouraged Chhattisgarh government to go ahead with a second phase of auctioning. This time, the state government is planning to put 10 more mines carrying limestone and bauxite deposits for auction. Of the 10 mines,...
Chinese buyers have turned to Guinea for bauxite after Malaysia extended ban on bauxite mining by another three months. Imports from Guinea soared 189 per cent month-on-month to 937,000 tonnes in March, of which 93.7 per cent were imported by China Hongqiao Group alone, customs data showed. Some...
An agreement between AU Capital Mining and Iron Mountain Mining was done outside the government’s normal process, without the input from the Ministry of Mines. Both are Australian companies and are eying bauxite prospecting at Nende, Temotu. It has been known from a reliable source that the Mines...
CBIX fell 1.0 per cent (US$0.4/dmt) to finish the week at US$43.5/dmt on April 29. Prices for imported bauxite are keeping low, despite Chinese alumina prices rebounding some 25 per cent from the market lows in January, Bauxite Index reported. Malaysian bauxite prices were unchanged, quoted in the...
First Bauxite Corporation announced that it has completed a bulk sample test pit programme at its Bonasika 7 bauxite deposit. The company provided a general update on the expected use of proceeds from the US$15 million private placement of secured convertible notes to Resource Capital Fund VI LP....
According to a new market research publication on global bauxite mining trends and outlook to 2020, the world bauxite reserves stood at 27.5 billion tonnes (Bnt) as of January 2016. Guinea had the world’s largest reserves, with 7.4Bnt, accounting for 26.9 per cent of the global total, with most...
A gamut of measures have been taken to systematize bauxite mining and transport in Pahang Malaysia, ever since the moratorium ended last month. As per the new rules, safer pakamatic lorries will be transporting bauxite on newly designed routes to new safer storage sites for stockpiles. The routes...
ASX-listed Australian Bauxite (ABx) has shipped its first 5,557 tons of cement-grade bauxite from the Bald Hill mine, in Tasmania. The company told shareholders on Thursday that the customer sought a second, larger shipment of between 30 000 t and 40 000 t once the large stockpile warehouse at the...
UC RUSAL, a leading global aluminium producer, and the Republic of Guinea have signed an annex to the Dian-Dian concession agreement and also reached an agreement on resuming operations at the Friguia bauxite and alumina complex. The newly signed annex to the Dian-Dian concession agreement splits...
The Natural Resources and Environment Ministry of Pahang, Malaysia, is hoping that improvements to the standard operating procedures (SOPs) for bauxite mining can be finalised before the expiry of the moratorium on the activity. Its Deputy Minister Hamim Samuri said, however, the new SOPs would...
