Ashapura Minechem is preparing for its next phase of growth by expanding its Guinea bauxite operations while shifting its Indian business towards higher-value mineral products. The company is targeting 15 million tonnes of annual bauxite volumes by FY28, a level management believes could generate...
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...
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Metro Mining is developing its Bauxite Hills Project at Cape York, Queensland, that could start direct shipping ore production by the end of 2016. The company is now in an ASX trading halt in connection with its fundraising initiatives. This will last until the earlier of the announcement being...
The decks are slowly clearing for navratna firm National Aluminium Company (Nalco) to obtain a composite licence (prospecting licence cum mining lease) over Pottangi bauxite deposits. "Nalco's case for a composite licence over Pottangi mines is now under scrutiny at the highest level. The state...
The AWAC global alumina alliance of Alcoa and the ASX--listed Alumina is exploring the potential to ship bauxite from its Western Australia operations to fill the supply hole caused by Indonesia’s ban on exports of the alumina raw material. AWAC and its predecessors have been producing bauxite for...
The state government has asked the state PSU Odisha Mining Corporation (OMC) to apply for prospecting licence of Sasubohumali bauxite reserve. The mine in Rayagada district has an estimated reserve of 81 million tonne bauxite. "Since the new Mines and Minerals Development and Regulation Act, 2015,...
Guinea plans to increase its bauxite export from the current 17 million tons to 40 million tons per year by the year 2024, the country's Mines and Geology Minister Kerfalla Yansane said Wednesday. In this regard, the Guinean government and several mining companies operating in the country recently...
Minister of Governance Raphael Trotman, accompanied by Audwin Rutherford, MP. Region 10 and a team made up of senior representatives of the Guyana Geology & Mines Commission (GGMC), the Guyana Forestry Commission (GFC), the Ministry of Social Protection and the Assistant Regional Executive Officer,...
Xinfa Aurum Exploration Fiji has already made two shipments of bauxite this year. It is expected to make a total of 10 shipments this year. Company managing director Derek Qiu said the number of shipment per year mainly depends on the weather conditions. “We don’t mine on wet weather conditions but...
The Union Ministry of Environment, Forest and Climate Change has granted environmental clearances to KJST bauxite and iron ore mines situated in Koira mining circle of Sundergarh district to enhance mineral output. "I have got approval for extracting iron ore upto 2 million tonne, up from existing...
Mubadala Development has bought a 50 per cent stake in a base metals mining interest held by the global trading house Trafigura as part of plans to expand its mining footprint. The Abu Dhabi investment fund will form a 50-50 joint venture with Trafigura to operate Minas de Aguas Tenidas (Matsa),...
Aziana Limited is close to bagging US$2 million (A$2.6 million) from the sale of its wholly-owned bauxite project in Madagascar. Aziana has granted the prospective buyer a one month extension. A team led by the prospective buyer is presently onsite and working towards the completion of the due...
China’s bauxite imports will rebound from May’s decline, driven by growing demand and low input stocks, Shanghai Metals Market predicts. Bauxite demand will grow, due to expansion at Shandong Weiqiao Pioneering Group, upcoming restart of 500,000-tpy alumina project at Shandong Lubei Chemical, and...
Indonesia’s ban on ore exports, which choked off shipments of bauxite, spurred local companies to head to Malaysia, underlining the challenges that Southeast’s Asia biggest economy faces in trying to boost metals processing. At least five Indonesian miners invested in Malaysia by the end of last...
UC RUSAL, a leading global aluminium producer, announces the signing of a Multi-User Operation Agreement (“agreement”) on existing railway infrastructure in the Boke province, Guinea, within the framework of Dian-Dian project. The agreement has been reached between Compagnie de Bauxite et d’Alumine...
Metallica Minerals Limited and its Joint Venture partner, Ozore Resources Pty. Ltd. announces that the Mining Lease Application (“MLA”) for the Urqu hart Bauxite Project has been lodged with the Queensland Department of Mines and Natural Resources. The MLA 100044 comprising 1,378 hectares covers...
IT and logistics provider Asdion Bhd has won a RM414 million deal to supply four million dry tonnes of bauxite to China from July, more than Malaysia's entire bauxite exports last year. China is the world’s biggest producer of aluminium, which is extracted from bauxite. Asdion sealed the deal with...
The head of the Electricity Sector Enterprise Team (ESET) says the slow progress in starting new energy projects in the bauxite sector will not affect the overall national programme to bring energy costs down. The expression of confidence came from Dr Vincent Lawrence during a press briefing at...
The market forecasts seem to be taking a real shape as Australia replaced Malaysia as the top supplier of bauxite to china in the month of May after falling behind from April. China being the largest aluminium producer in the world and not having any notable indigenous source for bauxite, imports a...
Bauxite reserves in China’s Guizhou province grew for four years running, according to the Guizhou Land & Resources Department. Bauxite reserve base in the province hit 133 million tonnes as of the end of 2014, up 1 million tonnes from 2013. The number of small bauxite mines in Guizhou has...
