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 state Fire and Rescue Department, Pahang, confirmed that about 60% of the bauxite waste affected areas has been cleaned up since the cleaning works began on January 14. Its director Datuk Abdul Wahab Mat Yasin said cleaning was expected to be completed earlier than the scheduled date on...
Metro Mining released results of a Pre-feasibility Study showing considerable benefits in increased production under an Environment Impact Statement process. Late last year the State Government requested Metro undertake an Environment Impact Statement - rather than the less onerous Environmental...
XINFA Aurum Exploration (Fiji) Ltd confirmed yesterday a decline in their bauxite export caused due to global recession that hit the economies last year. Ever since then, the demand for bauxite has dropped sharply affecting shipments departing from the shores of Bua. XINFA Aurum Exploration...
Battling a spate of cheaper aluminium imports from China and West Asia, aluminium producers have made a strong pitch to the Government of India to either ban bauxite exports or raise exports duty to 50 per cent. The proposal to ban exports of bauxite, the key raw material in aluminium production,...
The Natural Resources and Environment Ministry has approved the re-issuance of Approved Permits (AP) for bauxite-mining near Kuanatan area in Pahang. Its minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the APs to be given back to the mining sites were to enable the relocation of the 70,000...
Malaysian ban on bauxite mining may be extended. CBIX was down 1.1% (US$0.5) over the week, finishing at US$47.1/dmt, as lower prices from non-Malaysian suppliers continued their trend lower. Sentiment from Malaysia suggests authorities are likely to take a hard line approach to ensuring bauxite...
Lorries designed specifically to ferry bauxite and new rules for the transfer of the aluminium ore onto ships and barges are among new regulations proposed to keep bauxite industry operations in check in Pahang. Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said...
Against Noranda Aluminum Holding Corporation's recent decision to lay off a huge chunk of its workforce if the Government did not reconsider its plans to collect outstanding levy from them, Finance Minister Dr Peter Phillips, said the Government believes it can collect the revenues without...
India’s mining industry set to reach $36 billion to open up commercial coal mining to private companies with the aim of shifting the world’s third largest coal importer towards energy self-sufficiency. A mega conference, the 6th International Mining, Exploration, Mineral Processing Technology,...
Metro Mining has finalised a significant life-of-mine Native Title and Land Access Agreement for its Bauxite Hills project, north of Weipa. In a release to the Australian Stock Exchange today, Metro Mining says the agreement, reached jointly with the Ankamuthi People, and the Old Mapoon Aboriginal...
First Bauxite Corporation is pleased to announce that it has entered into an extension agreement with its note holders to extend from January 19, 2016 to February 29, 2016 the maturity date in all the outstanding notes issued by the company to the Pacific Road Resources Funds and Resource Capital...
Most news concerning global metal demand and pricing has been gloomy in 2015 and so far in 2016, but a report from a London-based research firm is pointing to a supply factor that could put upward pressure on aluminum pricing. In its new “Metallurgical Bauxite & Alumina” report with forecasts to...
The Government of Malaysia should draw up more stringent procedures for the industry during the three-month moratorium on bauxite mining, says geologist, Dr Habibah Jamil. Dr Jamil, who is also a part of the Science and Technology Faculty at Universiti Kebangsaan Malaysia, said it was vital because...
The Research Council of Norway and the state of Pará in Brazil has agreed on a new research collaboration. The agreement is important for Hydro's research on biodiversity and forest rehabilitation after bauxite mining. In 2013, Hydro joined an extensive research collaboration (Biodiversity Research...
The CBIX index remained flat leading into the Malaysian mining ban, which takes effect this week. CBIX was down 1.8% (US$0.9/dmt) to US$47.6/dmt as non-Malaysian cargos continued to display variable (and mostly lower) ViU pricing. Both panamax and capesize freight rates fell further, on the back of...
Mining development companies which are aspiring to make it big in the Australian bauxite market are struggling for traction despite Chinese imports of the aluminium ingredient rising 45 per cent in 2015. While industry giants like Alcoa and Rio Tinto are increasing their exposure to bauxite, the...
The bauxite stockpile at Kuantan port will take more than a month to clear, according to shipping industry sources in Pahang, Malaysia. They hope the moratorium brings positive results so there will not be further disruption to their business. A manager in a shipping company that exports the ore to...
Metro Mining MD Simon Finnis in a recent interview gave a detailed update on his company's upcoming bauxite mining development projects. According to the interview excerpts, Metro Mining increased its Cape York Direct Shipping Ore (DSO) bauxite resource base to 65.3 million tonnes. An 11.7 million...
