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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A new bauxite mine at Campbell Town in northern Tasmania has gone into care and maintenance after it failed to secure a buyer for its first shipment. Australian Bauxite began mining at Bald Hill early last year, in what is understood to be the country's first new bauxite quarry in 35 years. The...
A substantial bauxite built-up is being apprehended on Kuantan Port’s land when a three-month mining ban kicks in at midnight overseeing January 15. Kuantan Port Consortium general manager Datuk Azahari Muhammad Yusof said lorries were now speeding in bauxite here at an average of 80,000 tonnes a...
Putrajaya, the third and latest Federal Territory of Malaysia, failed to impose any export duties on bauxite mined in Kuantan, losing at least RM180 million in 2015 that could have been channelled back to the people to address pollution concerns caused by the industry, PKR’s Rafizi Ramli said...
Information technology and logistics firm Asdion Bhd says that the three-month moratorium effective this Friday on bauxite mining activities in Pahang has no impact on its business. In a filing with the stock exchange, the company said it had not begun the supply of bauxite to commodities trader...
Ever since a Malaysian government official reportedly said in an interview on January 2 that the country will likely suspend bauxite mining and exports at certain mining sites out of growing environmental concerns, tension has been brewing over how the decision would impact China aluminium market....
The decision of the Malaysian government to impose a moratorium on bauxite mining here could trigger a rise in market price of the mineral after experiencing falling prices in the past five months. Pahang Iron Ore Operators Association chairman Datuk Seri Tengku Zulkifli Tengku Ahmad said the huge...
Odisha Chief Minister Naveen Patnaik today requested Union Mines Minister Narendra Singh Tomar to grant OMC (Odisha Mining Corporation) the lease and prospecting license of Karlapat bauxite mine. OMC has already applied for the lease of 1848 hectares of explored area and prospecting license for...
Commending Indian aluminium major Nalco for its impressive performance despite economic slowdown and sluggish market, Union Steel and Mines Minister Narendra Singh Tomar today said the Navaratna PSU will soon get the Pottangi Bauxite reserve. "Nalco has already got Utkal D and E coal blocks and the...
Malaysia on Wednesday imposed a three-month ban on bauxite mining beginning later this month amid worries over its environmental impact, potentially affecting exports of the aluminum-making ore to Chinese smelters. Malaysia emerged last year as a major provider of bauxite after leading producer...
Malaysia is a small player in the global bauxite industry but strong demand from China has fuelled a red boom in the country. Bauxite is processed into aluminium oxide or alumina before being smelted to extract aluminium, which is used in all kinds of products ranging from packaging to aeroplanes....
China had a voracious appetite for both domestic and imported bauxite in 2015 to meet the country’s growing alumina production. However, with some of the biggest alumina producers of the country announcing massive output cuts in recent times, industry watchers conjectured that demand for domestic...
Noranda Bauxite said yesterday that it had been in consultations with unions representing the workers as it prepares to cut jobs this month. The company said this move was in response to the major decline in the global price of aluminium and demand facing the industry. Noranda Bauxite said that...
A potential suspension on bauxite mining in Malaysia, the world’s top exporter of the aluminium-making ingredient, could dent stockpiles in China but is unlikely to curb breakneck output in the aluminium sector there, industry and analysts said today. The Southeast Asian nation is pushing to...
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...
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...
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...
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...
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...
