Nimba Mining Company SA has appointed Patrice L'Huillier as Director General and Djiba Diakité as Chairman of the Board of Directors, with both appointments confirmed through separate presidential decrees. The announcement was made on Friday, October 23, 2026, during a national television news broadcast. L'Huillier, a civil engineer specialising in bridges and roads, will serve as Director General for an initial three-year term, which is renewable. According to his appointment decree, he will work under a performance contract with the Ministry of Mines and Geology. The contract will establish his objectives, the methods for assessing his performance and his obligations regarding the transfer of skills to national staff. In a separate decree, Diakité, Minister Director of the Cabinet of...
Rio Tinto’s planned USD 1.9 billion investment in the Kangwinan bauxite project is expected to support more than 1,300 construction jobs in Queensland, while helping secure the long-term future of its Weipa mining operations as existing sources of production approach the end of their lives. Located on Western Cape York Peninsula, Kangwinan will add 20 million tonnes of annual bauxite production capacity, with first output targeted for 2029 and full production expected by 2032. The project will raise Weipa Operations’ annual capacity to around 44 million tonnes from current production of approximately 38 million tonnes. Construction is scheduled to ramp up in 2027. Beyond the immediate employment boost, the investment is expected to help sustain Rio Tinto’s residentially based workforce of...
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Metro Mining has received acceptance forms for 19.1% of Gulf Alumina as the company progresses an off-market takeover expected to benefit significantly from operational and developmental synergies through economies of scale. The majority of the acceptance forms have been received from Gulf’s largest and key founding shareholders. Metro is in the process of transferring an additional 2.5 million Gulf shares to Metro, representing 2.9% of Gulf’s shares on issue. This transfer is part of the acquisition agreement with Equity & Permanent Investment Capital which is on the same terms as the offer. The 16.3 million Gulf shares that are part of the acceptance forms, and the 2.5 million Gulf shares that are part of the acquisition agreement, total 18.8 million Gulf shares or 22.1% of Gulf’s...
Malaysia is pushing to suspend bauxite mining due to concerns about its impact on the environment, a cabinet source said on Saturday, threatening to interrupt supply of the aluminium-making ingredient to China. The largely unregulated industry has grown rapidly in the last two years to meet Chinese demand. Bauxite mining was blamed for turning the waters red on a stretch of coastline and surrounding rivers in eastern peninsula Malaysia after two days of heavy rain earlier this week. The cabinet wants to temporarily halt bauxite mining until regulations, licensing and environmental protection can be put in place, the source told Reuters on Saturday. "The idea is to suspend it for a time until all this is sorted out, but ultimately the prerogative for licensing lies with the state," the...
According to a recent market research report, the global mining equipment market is estimated to be worth US$117 bn by 2018. The overall market was worth US$71.5 bn in 2012 and is projected to grow at a CAGR of 8.60% during the forecast horizon. Mining is an important sector and contributes massively to the world economy in terms of revenue. The sector also supplements the economy by generating employment and providing resources to other industries. Mining activities across the globe have witnessed a steady rise in the past couple of years. This, in turn, has fuelled the demand from the global mining equipment market. The demand for mining equipment is especially high across developing countries. The report points out that the primary reason for the surging growth of the global mining...
With the fall in oil prices, Iran’s focus has drifted to non-oil sectors and the government is aiming to increase the mining sector’s current GDP share from less than 1 per cent to more than 2 per cent within next ten years, a report said. The Islamic Republic is also targeting growth in relevant downstream industries from 5 per cent to 20 per cent, added the report titled "Iran Drifts to Non-Oil Based Sectors, Mining Sector to get Impetus” from Frost & Sullivan, a growth partnership company. This requires mining and relevant industries to grow at 10-12 per cent per annum. “The boom in the mining sector will help the Iranian Government reduce the unemployment rate and raise non-oil revenues significantly,” said Ali Mirmohammad, senior consultant and business development manager - Iran,...
In a December 18 Form 8-k filing to the US Securities Exchange Commission, Noranda Aluminium Holdings Company (NAHC) Limited said it is looking forward to an explanation by the United Kingdom- based arbitration panel which granted the government of Jamaica an increase in the levy paid on locally mined bauxite. Noranda noted in its filing that the “arbitration panel rendered the decision without including an explanation of the reasons for its decision. The company anticipates that the arbitration panel will issue an explanation of the reasons for its decision in the first quarter of 2016.” The arbitration proceeding addressed a dispute between Noranda Bauxite Limited - an NAHC associated company - and the Government of Jamaica regarding the extent to which NBL must make production levy...
China’s appetite for imported bauxite will weaken as Chinese alumina giants announced massive output cuts. Shandong Weiqiao Pioneering Group and Shandong Xinfa Group announced in December to slash alumina production by 3 million tonnes. China imported 5.42 million tonnes of bauxite in November, up from 4.48 million tonnes in October and up 110.84% from a year ago, customs data showed. The month-on-month increase was mainly contributed by imports from Malaysia, India, Brazil and Guinea.
i3MS software is a technology breakthrough developed to track end-to-end mineral transaction including the quantum of minerals produced, transported and received by different industries. In a recent press meet held to update industry people on Odisha's revenue generation from mining sector, Director of Mines Deepak Mohanty said, the state as well the Centre is banking heavily on this software to track supply chain management of the entire mining sector. Chief Secretary AP Padhi, who reviewed the activities of Steel and Mines Department, on Monday reviewed the use of i3MS software for tracking mineral production and despatch. Principal Secretary in Steel and Mines Department RK Sharma said the software has proved very useful in monitoring production, despatch and transportation of minerals...
Odisha's economy has experienced a setback following revenue cuts by the Central government. This has affected, in turn, revenue generation from the state's mining sector. Even though revenues from iron ore and bauxite mining in India's mineral-rich coastal state increased during 2015-16 fiscal compared to last year, it has been reported to be lagging behind the target set for the year. However, the scenario is yet not that dissapointing as a collection of INR 3647 crore till December 22, 2015 is expected to put the sector back on a path of recovery. The State Government had initially set a target of INR 6000 crore from the sector, comprising mainly of iron ore and bauxite mining projects, for 2015-16. With the financial year nearing its end, doubts have cropped up whether this target can...
Guinea President Alpha Conde named mining executive Mamady Youla as prime minister on Saturday as part of a strategy to revive the West African nation's ailing economy, the government announced. Guinea is a major producer of bauxite, an aluminium ore, but growth has been hamstrung by a slump in metals prices and a two-year Ebola epidemic that killed more than 2,500 people and has driven away some investors. Conde was re-elected to a second five-year term in a landslide victory in October, pledging to get Guineans back to work. "The nomination of Mamady Youla, a senior Guinean executive in the private sector and administration, confirms President Alpha Conde's new push to support job creation and training ... and reinforce Guinean businesses," a government statement said. From 2004 until...
Malaysian farmer Surin Beris’s palm plantation has been razed and bulldozers are tearing into its red soil, releasing potentially hazardous dust into the environment - yet he couldn’t be happier. Surin, 67, is reaping a windfall from a modern-day gold rush in Malaysia’s sleepy rural state of Pahang for the high-grade bauxite that lies in its ruddy soil. Demand for bauxite, which is used in aluminium production, is soaring - fuelled by heavy demand from China. The boom is a “gift from Allah”, said Surin, a Muslim in a bright white skullcap who previously made about 2,000 ringgit ($470) per month cultivating the plum-sized fruit that is squeezed to make palm oil. “I made a million ringgit in less than six months. I thank the Almighty for being so generous,” he said. Bauxite mining took off...
Metro Mining, in a news release earlier this month, had revealed its intention to make an offer to acquire all of the shares in unlisted company Gulf Alumina Limited. On December 2015, a bidder’s statement was lodged with the Australian Securities and Investments Commission and ASX in respect of the offer. Lately, Metro confirms it has sent the bidder’s statement to all Gulf bid class security holders. Metro is making an off-market takeover offer of 3.3 shares in Metro for every one Gulf share. Upon successful completion of the offer, Gulf shareholders will own circa 44% of the combined Metro and Gulf groups. Metro management considers the merging of Metro and Gulf would present better prospects for developing their adjacent projects at Skardon River than on a stand-alone basis. According...
First Bauxite Corporation is pleased to announce the appointment of Mr. William White as the Company's Chief Financial Officer to replace Mr. Daniel Crandall effective January 1, 2016. Bill brings over 25 years of experience in accounting and finance. Bill previously served as the CFO of U.S. Silica Company, including during its initial public offering in 2012, and is a Certified Public Accountant (inactive). Bill's role with the Company will include contributing to the implementation of the Company's strategic plan and optimisation of the Company's resource base to produce and sell manufactured bauxite products, including ceramic proppants. A key function will be arranging financing to allow for FBX's entry into the ceramic proppant business. The Board of Directors of FBX thanks Mr....
N. Chandrababu Naidu, Chief Minister, Andhra Pradesh announced Tuesday that the GO 222, issued during the Congress rule for supply of bauxite ore to Anrak Aluminium would remain scrapped. During 2007, when the late Y.S Rajasekhara Reddy was in power, an agreement was signed between Anrak Aluminium (a joint venture of Ras-al-Khaimah Government and Pennar group) and the State Government for supply of 224 million tonnes of bauxite ore proposed to be extracted from the eastern ghats of Visakhapatnam district by the AP Mineral Development Corporation (APMDC). However, due to various reasons including the controversy over the bauxite mining issue, mining could not be taken up but the Anrak group constructed an aluminium refinery at Makavaripalem in Visakhapatnam district. Chief Minister in his...
Asserting that his government would not go against the interests of tribals, Andhra Pradesh Chief Minister N Chandrababu Naidu today said a decision on allowing bauxite mining in Visakhapatnam region would be taken after a thorough public debate. Speaking on the issue in Legislative Assembly, he said the government is committed to the welfare of tribals and cited the example of coffee cultivation being promoted in about 50,000 acres in the region. The government's intention is to promote industrialisation and creation of wealth where ever mining of mineral resource is involved, he said. Mineral wealth helped states like Jharkhand and Chhattisgarh, and Andhra Pradesh can take advantage of oil and gas reserves available in the state (KG basin), he said. The government would not, however, go...
Noranda Bauxite Company, Jamaica, is considering massive job cuts at their in St Ann bauxite mining site come early next year. More than 30 per cent of employees could be out of a job due to this move. It is reported from reliable sources that the company is planning this redundancy exercise when it reopens in 2016 in order to pare down costs. Norada will temporarily close down operations today until January 3, laying off in excess of 100 employees. General secretary of the Union of Technical, Administrative and Supervisory Personnel (UTASP), St Patrice Ennis, said the company raised the proposal late last week. He said Noranda had indicated initially that there would be a three to five per cent cut in labour at the same time of closure, which the union says could be accommodated by...
Minister of Science, Technology, Energy and Mining (MSTEM) Phillip Paulwell said today that the Jamaican government has secured a victory in a dispute with Noranda Bauxite Limited (NBL) a subsidiary of Noranda Aluminium Holding Corporation which operates in the island. Arbitrators decided that NBL's contention to have a reduction of the bauxite levy charged on its operations could not stand. The London-based arbitration panel, which examined the Establishment Agreement between the Government of Jamaica (GoJ) and NBL, said that the contract terms for 2015 and beyond were not fixed, but open to negotiation. "I am very happy. We won on all the three points we put forward. We do not want to pressure the companies, but notwithstanding the difficulties of the industry, they need to realise that...
AIM listed IronRidge Resources has discovered a high-grade Direct Shipping Ore bauxite deposit in Queensland, Australia. IronRidge said its 16 sq km licence at its Monogorilby project where the deposit has been unearthed had the potential of becoming a new mineral hub with significant scale potential. Bauxite, the principal ore of aluminium, is first refined to produce alumina which is then smelted to produce the primary metal. According to the company sources, an initial 48-hole drilling program has already been started to define a maiden resource by first quarter 2016. Excavations so far had indicated an average 5 metre thick bauxite mineralisation, with highest indications up to 7 metre. The location of the ore deposit also indicated low stripping ratios. Vincent Mascolo, chief...
“The cooperation project not only created jobs for young people but brings business opportunities to Guineans,” chirped Kassory Fofana, Minister of State at the Chinese President’s office, as the first cargo ship containing 170,000 tons of bauxite arrived at China’s Yantai Port from Boke Port, Guinea. In March 2015, China’s second largest aluminum producer, China Hongqiao Group announced that it had secured a mining and port investment deal in Guinea to develop and ship the nation’s bauxite, the raw component of aluminum. Working in a joint consortium with Singapore-based Winning Shipping Co Ltd, Yantai Port and Boke Mining Co, China Hongqiao Group underscored that investment would equal less than $200 million with expected capacity set to reach 10 million tons of bauxite a year. Indeed,...
