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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Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said he will meet Kuantan officials this Friday, February 26, to obtain the latest information over the state’s efforts to clean up the city after it was affected by the rampant bauxite mining activity. “I will get...
China's appetite for bauxite is growing bigger by the day. According to the data released by the General Administration of Customs on February 22, China imported 5,302,809 mt of the aluminium ore in January, up 105 per cent from the corresponding period previous year. Malaysia ranked first among...
Felda (Felda Global Ventures Holdings Berhad) will consider the form of assistance to be given to its settlers involved in bauxite mining after the three-month moratorium ends in April. Its chairperson Mohd Isa Abdul Samad said Felda needed to wait for the decision on whether the mining activities...
Shanxi Province, one of China’s major alumina producing regions, discovered vast bauxite resources in 2015, according to a spokesperson of the local Ministry of Land & Resources. The province discovered 30 million tonnes of bauxite resources during 2015, bringing total discovery of the aluminum...
Indonesia could change rules that ban exports of unprocessed minerals including nickel ore and bauxite, the country's energy minister said on Friday last week, referring to a revision of the country's mining law targeted for completion this year. "There could indeed be a relaxation of the ore...
A temporary ban on bauxite mining would not be enough to remedy the long-term damage it caused, academics were quoted as saying in a report. They opined that the damage might be harder to fix, even if a moratorium on bauxite mining resulted in improvements in the environment. United Nations...
The International Bauxite, Alumina & Aluminium Society has announced that the fifth IBAAS International symposium (IBAAS-2016) will be held in Goa, India during September 26 - 28, 2016. The theme of the IBAAS-2016 symposium is “Aluminium Industry- The Evolving Asia-Pacific Story”. The first day of...
A general strike in Guinea that began on Monday, February 15, will not curb production of bauxite, the country's top producer Guinea Bauxite Company (CBG) said on Tuesday. The miners, however, have announced their support for a nationwide protest against lowering of wages and high fuel prices....
It may be early yet, but there seems to be signs of revival in big ticket investment in Odisha's aluminium sector. If recent announcements are anything to go by, the state, home to more than half of India's bauxite reserves, is poised to attract investment worth well over INR 30,000 crore in the...
Government of Malaysia is keeping tabs on the limit of bauxite stored at the Kuantan Port to avoid any additional amount of stockpile in the area. Transport Minister Datuk Seri Liow Tiong Lai said they have not received any report of more bauxite there than the stockpile limit. “We will not allow...
Profit or no profit, mining giant Rio Tinto remains committed to the $2.6 billion Amrun bauxite mine expansion near Weipa. And for that, the conglomerate is considering a joint venture partner that would help it fund the wholly owned project. It is known from the company sources that construction...
UC RUSAL, a leading global aluminium producer, announces its operating results for the fourth quarter 2015 (“4Q15”) and full year 2015 (“12M15”). During the fourth quarter of 2015, bauxite and nepheline ores production totalled 2,850 thousand tonnes (-13.4% QoQ) and 952 thousand tonnes (-9.6% QoQ),...
Minister in charge of mining, Phillip Paulwell, has dismissed speculation that the bankruptcy filing by Noranda Bauxite’s parent company in the United States is in any way related to the recent arbitration ruling in favour of the Jamaican Government’s right to be paid the full bauxite levy that the...
Noranda Aluminum Holding Corporation announced that the company has received approval from the United States Bankruptcy Court for the Eastern District of Missouri for its First Day motions related to its Chapter 11 restructuring. Collectively, the First Day orders issued by the Court on either an...
A parliamentary report of the Standing Committee on Natural Resources has concluded that landowners of Nawailevu in Bua have received the full payment and fair share of royalties for the mining of the bauxite in their area. These landowners had claimed in a petition presented to parliament last...
The Indian government-owned mineral exploration and development company has reported weaker year-on-year results for the final three months of last year as the Gujarat-based miner succumbed to slowing demand and weakening commodity prices. Gujarat Mineral Development Corporation Ltd. (GMDC) has...
The new bauxite-mining scheme being finalised by the Natural Resources and Environment Ministry, Malaysia, will provide better protection for the people and environment, as well as ensure sustainability of the industry. Its minister, Datuk Seri Dr Wan Junaidi Tuanku Jaafar, said that at least three...
The man in charge of Rio Tinto's $US1.9 billion ($2.7 billion) bauxite expansion has left the company, as the miner's cost cutting drive continues to trim its executive ranks. Phillip Strachan had been Rio's chief executive of Bauxite and Alumina based out of Brisbane in recent years, but his role...
