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 Resources Limited has published its production report for the quarter ended on March 2016. During the review period, Bauxite Resources completed sale of the company’s interest in the BAJV. Key changes made as a consequence of this were as follows: • BRL received net cash funds of $6m from...
Odisha Mining Corporation (OMC), a state-run entity engaged in iron ore supplies to steel plants both within and outside the state, is on course to be a long-term bauxite supplier to aluminium producers operating without captive leases. The central mines ministry has approved the reservation of the...
Noranda Aluminum Holding Corporation has given its creditors until June 3 to file a claim if they want to be paid as the company goes through bankruptcy proceedings. The Jamaican Government is among Noranda’s creditors. It is owed billions of dollars under the bauxite levy and has been trying to...
The Tax Authority of Mozambique has confirmed that it is holding negotiations with Vale Mozambique, the local subsidiary of major Brazilian mining group Vale, on the payment of capital gains tax. Vale Mozambique is one of a number of major companies with which the tax authority is currently having...
Global Bauxite Conference 2015 took place in Kuala Lumpur at the end of June last year. Thanks to the participation of leading companies like Alcoa, Gunvor, Hydro, Itochu, Mitsui, Rio Tinto, Sojitz, South32, UC RusAl, etc. and also the great support from organizations like AZ China, Guinea...
Mining giant Rio Tinto is finally laying off more than 40 staff at its Weipa bauxite operations. The staff are spread across the East Weipa and Andoom ventures. Two weeks ago, Rio Tinto flagged job cuts at Weipa. It wrote to all personnel, warning them of job losses as part of a review to cut...
Bauxite Resources Limited announced that it has now received from Mercator Metals Pty Ltd a duly executed Deed of Variation & Assumption which was required to complete the assignment of the bauxite rights held for the Fortuna deposit to Yankuang Resources under the Sale & Purchase Agreement dated...
The National Aluminium Company Limited (Nalco) targets to produce 68.25 lakh tonnes of bauxite and 21.50 lakh tonnes of alumina from its mines and refinery unit at Damanjodi in Koraput district during the current fiscal year. "In 2015-16, we broke all our records by producing 63.4 lakh tonnes of...
Rio Tinto released robust first quarter production results for FY2016. Despite weakness in global commodity prices, the mining and metals giant reported year-over-year increase in production of bauxite, the prime ore for aluminium production. Bauxite production of 11.1 million tonnes during the...
An American bankruptcy court judge has given the go-ahead for Noranda Bauxite Limited (NBL) to pull out of its lossmaking, long-term contract to supply Jamaican-mined ore to Sherwin Alumina Company for its refinery at Gramercy on the US Gulf Coast, saying that maintaining the deal would make it...
A new $40 million bauxite mine is on track to start production next year with jobs for up to 250 people over the life of the project. Bauxite Hills, north of Weipa on Western Cape York, has a Direct Shipping Ore resource of 65.3 million tonnes, worth about $3 billion at today’s prices, and a mine...
The Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) has developed a unique product; very high strength ceramic balls or granules made from one of the waste components (partially lateritized khondalite or PLK) of bauxite ore and flyash. The centre is in the process of...
By December this year, nine mines, including iron ore, limestone and bauxite mines will be auctioned in Odisha, the state steel and mines minister Prafulla Mallik has said. For this necessary steps are being undertaken for the mines to be moved from G-3 to G-2, while GPS survey is also on he said...
Australian Bauxite Ltd announced that it has completed the first sale of 5,000 tonnes non-metallurgical grade bauxite from its Bald Hill mine operations in Tasmania to an unknown buyer for use in the cement and fertiliser markets. The sale is significant, not only because it is rare to hear of...
Tasmania's newest miner has locked in its maiden shipment after losing $1.04 million last year. Australian Bauxite Limited has had its first 40,000 tonne shipment from its Bald Hill Mine, near Campbell Town, ready since early December. However, the price crashed and a sale deal did not proceed. On...
Pahang law enforcement agencies along with Pahang police will continue with operations on bauxite mining at nine checkpoints in line with the extension of the mining moratorium period. State police chief Sharifuddin Ab Ghani said the checkpoints which operated 24 hours a day were to ensure that...
Mining giant Rio Tinto is flagging job cuts at its Weipa bauxite operations. The company has not revealed exact numbers yet, but has written to all personnel, warning them of job losses as part of a review to cut costs because of falling aluminium prices and competition. The operation employs 1400...
Rising levels of illegal mining in India is seeing the government implement space technologies in an effort combat the issue. Each state was also asked to gather information on past illegal mining activities of minerals like bauxite and other metal ores, and methods used to check them. Balvinder...
