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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The last of the former bauxite refinery workers on the Northern Territory's Gove Peninsula are leaving the remote town of Nhulunbuy this week. Mining giant Rio Tinto, which owns the now disused refinery, has confirmed a rent-free transition period for employees who lost their jobs at the refinery...
The Indian provincial government of Orissa’s bid to renew mining leases through the auction route has hit a roadblock with courts preventing the government from taking any final decision before the legal challenge is heard. After a preliminary hearing, the Orissa High Court passed an interim order...
Rising demand for Australian bauxite has not tempted Alcoa of Australia to join the export rush, with the aluminium giant saying it would prefer to create local jobs by turning Australian bauxite into finished products. Bauxite prices rose strongly in 2014 and are expected to rise again in coming...
China’s bauxite imports from Australia rose 75 percent to a record in December, underlining the country’s role as top supplier after Indonesia banned exports in January. Purchases jumped to 1.87 million metric tons from 1.07 million tons in November and 1 million tons a year earlier, customs data...
China’s demand for Malaysian bauxite is poised to grow further in the near term on increasing alumina production, Shanghai Metals Market predicts. Lubei Enterprise Group is scheduled to reopen its 500,000-tpy alumina project next month, and Weiqiao Pioneering Group may ramp up alumina production,...
Highlights • Existing Mineral Resource and rail logistic chain can support a Direct Shipping Ore (DSO) production target rate of 3Mtpa for a 12 year mine life • FOB operating cash costs estimated at A$30 (US$26) per tonne excluding royalties and landowner compensation* • A$26M capital expenditure...
Rio Tinto chief executive Sam Walsh said “We have had a successful year of production, capped off with a robust fourth quarter. Output is in line with our targets across all of our major products. In a challenging market Rio Tinto remains focused on operating and commercial excellence to leverage...
The new mining Ordinance established by the Union government allows them to set any parameters for bidding of mineral concessions which could be a share in production, payment linked to royalty or any other parameter the Centre sees fit. According to the new Ordinance, the only way for the state to...
International Bauxite, Alumina & Aluminium Society (IBAAS) has signed an agreement with Suzhou Research Institute for Non-ferrous Metals Co. Ltd (SINR), China to hold the 4th International Symposium in Suzhou (near Shanghai, China) during November 4-6, 2015. The theme of this conference would be...
The Company of Guinea Bauxite exhibited an exemplary production performance as a result of the ambitious drive of the senior managers, setting a record of 15,239,218 metric tons of bauxite of 3% moisture in the year 2014 and bringing big smiles on the shareholders’ faces. To celebrate this grand...
The President of India, Pranab Mukherjee, has passed the Mines and Minerals (Development and Regulation) Amendment Ordinance 2015, on Monday evening which now allows the auctioning of the mineral mines, including bauxite and iron ore, similar to the recent coal mine auction that will enable a fair...
Metro Mining has more than doubled direct shipping ore Inferred Resources at its Bauxite Hills Project in Queensland to 47 million tonnes at 51.5% alumina. This follows the company estimating an Inferred Resource of 24.9Mt at 51.7% alumina for the BH1 deposit. Bauxite quality work has also...
The metal industry is beginning to receive positive signals as the Federal Government intensifies plans to reduce annual import of basic metal (including aluminium), iron and steel, which is valued at $3.3 billion. The Federal Government is spearheading a move to bring in investors that will...
Queensland Bauxite has retained Northern Resource Consultants (NRC) to provide environmental consultancy services for the South Johnstone Bauxite Project in Queensland. This follows the company delivering in late December 2014 an initial Indicated JORC 2012 Resource and a revised Scoping Study....
When the District Collector of South Goa, Venancio Furtado heard of the row over bauxite ore transportation from a mine in Betul on Monday, he immediately directed the two fighting parties to establish a queue system for transportation. Furtado heard the argument from both parties and assured them...
The independent maiden inferred mineral resource estimate for the Toubal bauxite deposit, in Guinea, West Africa, has been labelled an important milestone for Irish-registered Anglo-African Minerals (AAM) subsidiary Tougué Bauxite and Alumina Corporation (Toubal). AAM CEO James Lumley said in an...
The government on Monday approved amendments to the near six-decade-old mining and minerals development and regulation (MMDR) act through the ordinance route, paving the way for auction of minerals such as iron ore, bauxite and limestone. The auction route first introduced in coal mining does away...
A new mining lease has been granted to the XINFA Aurum Exploration Fiji Limited for the bauxite mining site in Lekutu, Bua. XINFA Managing Director, Sireli Dagaga confirmed the news further saying that 20 landowners would be employed by the company from the Mataqali Naita in Votua Village and the...
