Mozambique plans to invest around USD 126 million in a solar power plant to supply electricity to mining companies in Gaza Province, southern Mozambique, according to state news agency AIM. Provincial governor Alfeu Cuna announced the plan at the Conference on Adding Value to Mineral Resources (CAVAME-d 2026) in Nacala. The project aims to strengthen electricity supply for mining operations and industries linked to mineral processing. Gaza Province has heavy mineral sands deposits at Chibuto and limestone at Mabalane. The government is also planning mineral processing facilities in Mabalane and Mapai, where limestone deposits have been identified. Other mineral resources in the province could support cement production and related industries. Explore the production, demand and consumption...
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...
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Auriant Mining AB is pleased to announce the following management changes effective from April 14: Sergey Baykalov is appointed as an Acting Chief Operational Officer and Igor Pashkov is appointed as the Chief Geologist of the Company. Vladimir Churin (Chief Geologist from 2012 to March 2015) will continue to work with the Company as the Chief Geologist for Exploration and concentrate his efforts on leading the exploration activities at Auriant assets as well as at gold projects in Chukotka region that are under Auriant’s management. Sergey Baykalov, a highly qualified mine director with over 22 years mining experience, joined Auriant in 2012 as General Director of the Tardan mine. Previously served as mine director for a Solvay ferronickel mine in Guatemala, mine director for a Rusal...
The Ministry of Lands and Natural Resources plans to introduce a policy to ensure that no bauxite leaves Ghana in its raw state. The policy seeks to encourage exporters to process the mineral into alumina or alluminium before exporting it out of the country. Nii Osae Mills, the Sector Minister, who announced this on Tuesday during his turn at the meet-the-press series in Accra, said the policy is part of the Ministry’s efforts to add value to the country’s natural resources. He noted that minerals and metals are essential raw materials for industrialisation and also critical to the transformation of mining dependent economies. “Indeed, when properly managed, mining has the potential to contribute significantly to sustainable development,” he said. Nii Osae Mills said in 2014, the mining...
UC RUSAL, a leading global aluminium producer, announces the launch of the first start-up complex at the Cheremoukhovskaya-Gloubokaya mine in the North Urals Bauxite Mine (“SUBR”). Cheremoukhovskaya-Gloubokaya becomes Russia’s deepest mine, with a depth of 1,550 meters, and ranks among the top five deepest mines in the world. Total investment in the mine to date is over 5.8 billion rubles. The launch of Cheremoukhovskaya-Gloubokaya will create access to new bauxite deposits and thanks to the optimization of technological processes of ore transportation and extraction will decrease bauxite cash costs at SUBR by up to 15%. Active construction of the mine commenced in 2010. Uncovered deposits of bauxite at Cheremoukhovskaya-Gloubokaya are estimated at 42 million tonnes. “For the first time...
With the Mines and Minerals (Development and Regulation) Amendment Act, 2015 allowing the state government to specify an end-use for any mine, companies would not be eligible for auction if the mine’s mineral reserve is found to be exceeding 1.25 times their stated requirement over a period of 50 years. Besides, the Union government has proposed an upfront payment of 0.5 per cent of value of resources by companies, who secure licence for mining major minerals like iron ore through auction under the new law. According to the new mineral auction rules proposed by the Centre on Wednesday, minerals such as bauxite, iron ore and limestone can only be reserved for the end-use of alumina, integrated steel plants and cement plants by state governments. However, a manganese mine can’t be reserved...
The Centre today proposed a two-stage bidding process to the states for auctioning major minerals like bauxite ore, with the highest revenue share offered in the first round becoming the base price for e-auction. In the first round, technically qualified bidders will be asked to quote the percentage of revenue they will share with the state government. "The highest initial offer submitted by a technically qualified bidder shall be the floor price for the second round of electronic auction," according to the draft rules for auction of major mineral bearing mines released today. While the state government will be authorised to conduct the auction, the Union government has sought comments of the stakeholders on the draft rules it has framed for the process. "The last date for receipt of the...
Queensland Bauxite has received a notice of initial substantial shareholding from China Bauxite Trading & Investments Company (CBTIC) with a 9.1% interest. CBTIC had invested $910,000 in the company through a placement priced at $0.014 per share, giving it 65 million shares in QBL. Proceeds from the placement will be used to finance further development of the potentially 2015 producing South Johnstone Bauxite project. CBTIC was founded by Yongjin Li who spent 15 years working for China Non Ferrous Metal Corporation (CNNC), the former parent company of CHINALCO, CNMC, JNMC and Minmetals. Li spent 15 years working for CNNC and was a Project Manager in charge of importing and exporting of non-ferrous metal for their alumina refineries. He also held the position of marketing manager with Sino...
South32, BHP Billiton’s the awaiting spin-off company, add more new board members to the team in preparation of the early June release on the ASX. In an announcement made by the nascent company on Tuesday, they will be expanding their board from four to eight members adding four non-executive directors. Wayne Osborn, Frank Cooper, Peter Kukieiski and Futhi Mtoba have been considered for the new positions subject to BHP shareholder approval and will be confirmed at the May 6 meeting which will also discuss other specifics of the demerger. Among them Dr. Futhi Mtoba is the only female director with the history of being the first woman chairman of Deloitte, Southern Africa. Mr. Osborn and Cooper are Australians where the former is currently a director in Wesfarmers, Iluka and Alinta while...
Nalco’s deteriorating condition has caught the attention of India’s Prime Minister, Mr. Narendra Modi, who has sent a letter to the Chief Minister of Odisha, urging him to intervene to improve the company’s situation. Difficulty of viable bauxite procurement has been one of the biggest complaints of the Central PSU. Nalco has been eyeing the Pottangi bauxite mines in the state for quite long but has not yet managed to acquire it. Modi tell Patnaik that he needs to intervene to speed up mine allotment to the company. The mine is question had been reserved by the Union government as far back as 2007, and even the State government had given its approval in-principle for the Koraput district mine in 2012. However, there were certain conditions imposed by the state that had to be followed by...
Aziana Limited is selling off its Manatenina bauxite project of Madagascar to Thankys Exports Pvt. Ltd and a conditional sale agreement has been decided upon by the two parties. As per the conditions of the purchase, the buyer company will pay a total purchase amount of $2 million to seller company in addition to a royalty of $0.50 per ton of bauxite extracted from the mines. A minimum royalty amount agreed upon in the agreement is $200,000 per annum that Thankys has to pay to Aziana whether there are any mining activities taking place or not. In case of mining, the minimum royalty amount will stay the same or will be subjected to royalty obligation if more than 400,000 tons of bauxite is mined. The agreement also lists a number of conditions including, completing a second phase of due...
Queensland Bauxite has received a notice of initial substantial shareholding from China Bauxite Trading & Investments Company (CBTIC) with a 9.1% interest. CBTIC had invested $910,000 in the company through a placement priced at $0.014 per share, giving it 65 million shares in QBL. Proceeds from the placement will be used to finance further development of the potentially 2015 producing South Johnstone Bauxite project. CBTIC was founded by Yongjin Li who spent 15 years working for China Non Ferrous Metal Corporation (CNNC), the former parent company of CHINALCO, CNMC, JNMC and Minmetals. Li spent 15 years working for CNNC and was a Project Manager in charge of importing and exporting of non-ferrous metal for their alumina refineries. He also held the position of marketing manager with Sino...
The Comptroller and Auditor General of India has accused the Odisha state government of being too lax in their collection of revenue using modes like VAT, Entry Tax, Excise Duty and Mining Receipts causing an estimated loss of INR 4,713.63 crore for FY 2013-14. The mining dues alone are said to total INR 110.74 crore, payable by companies dealing with mining of iron ore, coal, chromite and bauxite. National Aluminium Company (Nalco) is the company that owes the highest dues estimated at INR 46.52 crores. According to provisions in mining rules, a company is supposed to pay royalty based on highest alumina content of the excavated mineral whereas Nalco paid royalty at the rate of average alumina content, as per the 2012-13 fiscal report from CAG. "After audit reported the matter (in July...
China’s imports of Malaysian bauxite could balloon to 8-10 million tonnes in 2015, Liu Xiaolei, aluminum analyst at SMM said during the recent 2015 Shanghai Copper & Aluminum Summit. China has diversified its sources of bauxite supply, with the number of supplying countries increasing to 9 in 2014 from a mere 4 in 2011, Liu added. The share of Malaysia to China’s total non-Indonesian bauxite imports soared to 11.8% in 2014 from 0.7% in 2013. Malaysia shipped 3 million tonnes of bauxite to China during September-December 2014 alone.
Tuoi Tre newspaper quoted experts as saying that Vinacomin (the Vietnam Coal and Mineral Industries Group), the investor of the projects, has “fallen into a trap” set by Chinese contractors. Dr. Nguyen Thanh Son, former director of the Red River Delta Coal Mining Management Board, pointed out that Vinacomin did not hire consultants to make bidding documents, technical design and other works. “Vinacomin thought it would be able to save money if it did things itself. But this would make it more costly,” he said. Nguyen Van Ban, former head of Alumina Division of the Vietnam Minerals Corporation, noted that at first, Chinese bid a very low price to win the bid, but then raised prices after being chosen by Vinacomin. Ban said Chinese technology consumes more water, coal and alkali than modern...
Vietnam’s Ministry of Industry and Trade (MoIT) revealed in a press release on 30th March that the two relatively new bauxite mines and processing units in Central Highland Province of Lam Dong will continue to incur losses for the next 4-5 years. Out of the two facilities, Tan Rai became operational in October 2013, while Nhan Co is awaiting its test run due next month. The Ministry studied Tan Rai’s production performance from its inception till April 2014. According to studies, the Tan Rai bauxite mine will report losses for another four years while Nhan Co will continue to report losses for another 5 years. Both companies have had to repay their loans and the initial period and the maximum time allotted for capital repayment is 12 years. The ministry claims that the companies will...
Queensland Bauxite directors have acquired further shares in the company worth $367,500 from the recent entitlement offer to shareholders. Executive chairperson Pnina Feldman and executive director Sholom Feldman acquired 26,250,000 shares at $0.014 in the offer through Volcan Australia as they took up their full allocation as the company. QBL is looking to develop the South Johnston bauxite project near Innisfail and 20 kilometres from the Port of Mourilyan. The company's coffers have been heartily filled with a raising of $910,000 in equity funding from a Chinese investment group, China Bauxite Trading & Investments Company, founded by a former China Non Ferrous Metal Corporation executive. CBTIC took the placement at $0.014 per share at the same share price as the entitlement offer....
China Hongqiao Group Limited , the country's second-largest aluminium producer, expects to receive the first shipment of bauxite ore from a joint venture mine in Guinea in September, its Chief Executive Officer Zhang Bo said on Monday. Bauxite is used to produce alumina, the base material for the production of aluminium. China Hongqiao and a Singapore-based dry-bulk shipper each hold a minority stake in the bauxite project, with a Guinean company as the majority shareholder, Zhang told reporters in a results briefing in Hong Kong on Monday. Total investment in the project will run less than $200 million, with the capacity expected to be about 10 million tonnes a year. The project will increase bauxite supply to China Hongqiao after Indonesia halted export of the ore early in 2014. "The...
Guinea cancelled a tender for bauxite mining blocks that sources said had been won by a Chinese firm in partnership with figures in President Alpha Conde’s political party. The government did not give any reason on Thursday for cancelling the tender for the blocks in Boffa, some 150 km (93 miles) north of Conakry. The acreage was previously owned by BHP Billiton which halted exploration there in 2012 after aluminium prices dropped. Guinea is battling to overcome an Ebola outbreak that has killed more than 2,000 people and is counting on a rebound in its mining sector to revive the economy. However, investor interest in the country – Africa’s largest exporter of bauxite – has cooled because of low metals prices coupled with political and contractual instability. The statement issued by the...
Australian Bauxite (ABX) has been swift in developing its first bauxite mining centre near Campbell Town in Tasmania. Australian Bauxite mobilised the construction contractor to the site in December 2014 and was producing its first bauxite within three months. The new Campbell Town mining centre comprises three bauxite deposits, in Bald Hill, Fingal Rail and Nile. First mining is under way at the Bald Hill deposit, where Australian Bauxite is extracting direct shipping ore (DSO) quality bauxite. The Campbell Town mining centre was developed within a modest capital budget of $5 million and was completed on schedule. The Bald Hill bauxite deposit hosts a resource of 1.6 million tonnes, with 1.18 million in the indicated category and 0.42 inferred. The Campbell Town mining centre resource...
