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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The railroad is planned to be 180 kilometres long and would run from Binh Phuoc province to Ba Ria-Vung Tau in the south of the country. An Vien Group (AVG) has committed to supplying 50 per cent of the financing with Rusal providing the other half. The Russian side said it hopes its Vietnamese partner will be able to submit a related document to the Vietnamese government within the next two or three weeks. Vietnam Railways, AVG and Rusal previously signed an agreement to co-operate on prefeasibility research for the railroad. As of now, AVG and Rusal are nearly done with the research and will soon submit a report to the Ministry of Transport and the government. Vietnam’s bauxite reserves were estimated at 5.6 billion tonnes by the Vietnam National Coal – Mineral Industries Holding...
Hindalco Industries surged 3.63% to INR 172.50 at 12:40 IST on BSE as the finance minister in the Union Budget 2014-15 presented on 10 July 2014, announced increase in export duty on bauxite from 10% to 20%. Meanwhile, the S&P BSE Sensex was down 63.72 points or 0.25% at 24,960.63. On BSE, so far 4.74 lakh shares were traded in the counter as against average daily volume of 11.71 lakh shares in the past one quarter. The stock hit a high of INR 173.95 and a low of INR 165.25 so far during the day. The stock hit a 52-week high of INR 184.65 on 10 July 2014. The stock hit a 52-week low of INR 83.05 on 7 August 2013. The stock had outperformed the market over the past one month till 11 July 2014, advancing 2.37% compared with Sensex's 1.76% fall. The scrip had also outperformed the market in...
ASX-listed Metallica Minerals has announced its intention to expand its focus from mineral sands to include bauxite, identifying 15 priority targets over its Cape York tenement package, in Queensland. An evaluation and drill campaign has been scheduled for September, and Metallica told shareholders that the company’s first priority will be to identify and prepare conceptual development plans for any accessible direct shipping ore (DSO) in the newly identified bauxite areas. The DSO ore could be exported through a deep-water barge-shipping operation, Metallica is already planning for its Urquhart Point heavy mineral sands (HMS) project 3 km southwest of Weipa. “This window of opportunity for Cape York has been enhanced by the newly imposed long-term ban on bauxite exports by Indonesia –...
The doubling of export duty on bauxite, a key input for aluminium making, to 20 per cent will help improve availability of the raw material to the domestic producers. "Export of any raw material from the country should be discouraged and thus, the doubling of export duty on bauxite is a welcome change," Ansuman Das, Chairman and Managing Director of state-run aluminium maker Nalco told PTI. The move is likely to help major aluminium producers such as Nalco, Hindalco and Vedanta by improving the availability of the raw material and discourage exports. It would also help the country in conserving the raw material for future use. Presenting his maiden Budget, Finance Minister Arun Jaitley said,"Considering the need to conserve our natural resources, I propose to increase the export duty on...
Queensland Bauxite is acquiring a foothold a regionally strategic project in the Nullamana region of Inverell, New South Wales, as it seeks to add to its gibbsitic bauxite portfolio. EL 7301 has a JORC 2004 Inferred Resource of 29 million tonnes grading 32% available alumina and 5% reactive silica. Upside could increase this to 50 million tonnes. The acquisition comes amidst the forecast strong demand for bauxite following Indonesia’s ban on unprocessed ores earlier this year. QBL is acquiring a 50% interest in EL 7301 from investment company First State Pty Ltd for 37.5 million shares and 30 million options. The options consist of 10 million options with an exercise price of $0.08, 10 million options at an exercise price of $0.10, 5 million options at an exercise price of $0.15, and 5...
UC RUSAL, a leading, global aluminium producer, announces the beginning of Dian-Dian project in the Republic of Guinea. The first stage of the Dian-Dian project involves the construction and putting into operation by 2016 of a bauxite mine with an annual capacity of 3 mln tonnes with the potential for a further increase of up to 6 mln tonnes. To transport bauxite from the mine, a new 25km road will be built. The total investment for the first stage of the project will be more than USD220mln. A significant part of this budget is reserved for infrastructural development in Guinea, specifically railway and port development. ‘I am confident that this project will prove to be a win-win for the Guinean government and RUSAL, which will help to develop a positive investment climate in the...
We can only assume that the Simpson Miller administration's notice of intent to rescind UC Rusal's bauxite mining concessions for two of its Jamaican alumina refineries - Alpart and Kirkvine - is a strategic move aimed primarily at enhancing its efforts at enticing Chinese interests to the sector. We expect that the Government would be prepared for the implications of its move; for it is one, whatever its legal merits, to which Rusal is unlikely to accede without a fight. In that respect, this development could have in it echoes of the 1970s, but without the intensity of the period, when a previous People's National Party government, led by Michael Manley, moved to impose a production tax on the sector and gain a greater stake of the industry. But, however the negotiation with UC Rusal...
India proposes to raise export duties on bauxite to help local aluminum producers, which are facing a shortage of the raw material because of mining curbs. Finance Minister Arun Jaitley proposed to double export taxes on bauxite to 20 percent in his budget speech to lawmakers in New Delhi today. The higher levy will boost local availability for smelters, including those of Sesa Sterlite Ltd. (SSLT), Hindalco Industries Ltd. (HNDL) and state-owned National Aluminium Co. Prime Minister Narendra Modi’s government, which in May won the biggest Indian mandate in 30 years, is seeking to revive the nation’s metals industry to bolster economic growth from near a decade low, while narrowing one of Asia’s widest fiscal deficits. Environmental concerns and land-acquisition delays have impeded mining...
According to a report issued by global banking and financial services company Barclays, the top priorities of Prime Minister Narendra Modi's government is clarity on mining regulations and auction of mineral resources. "It is time that India put its mining sector house in order. The sector's GDP contribution has dropped from 4% in 1994 to 2% in FY'14 and the sector's current account deficit has increased to USD 26 billion. Two landmark judgments by the Supreme Court are expected soon," Chirag Shah, Barclays Capital's director, equity research, said. Clarity on mining regulations could significantly improve investment confidence in the sector, the report said. As per Barclay's India Materials report, "We revise our steel demand estimate to 7.4% in FY'16 as against 6% earlier. Regulatory...
Bauxite Resources shares are now trading at $0.14, bringing gains for the past 6 weeks to 40%, following a resource upgrade at its Fortuna deposit in the Darling Range, Western Australia. The value of bauxite has increased substantially in recent times, spurred by the Indonesian export ban that has also driven the price of nickel higher. It is estimated that about 42 million tonnes of bauxite was exported last year from Indonesia to China, however no Indonesian bauxite imports have been reported since April this year. It is expected that China’s bauxite import inventory will continue to shrink during the June quarter of 2014, and imports of non-Indonesian bauxite will increase. Once these stockpiles are exhausted, it is expected that China will require several new significant sources of...
Queensland Bauxite is moving ahead on a number of fronts at the South Johnstone Bauxite Project in north Queensland, with plans to upgrade the existing JORC initial Inferred Resource as well as receiving more enquiries for off take. Shares in the company are likely to firm on the news. The upgrading of the initial resource to Indicated & Measured category would feed into a scoping study and feasibility study to look at mining options at the project. Intriguingly, the company had said it had received "further unsolicited approaches in regard to potential off take." Initial and preliminary discussions with potential off takers have commenced it said. Also notable the company was looking to obtain additional bauxite tenements on the east coast of Australia given the strong outlook for...
After failing to get local gram panchayats’ nod for mining bauxite in Niyamgiri hills, Vedanta Resources is now engaging with the Odisha government for allotment of mines elsewhere besides considering procuring bauxite from alternative sources. The Niyamgiri hill area is one of the sources in Odisha for supply of bauxite to the firm’s alumina refinery at Lanjigarh. Vedanta has already made it clear that it would not consider developing any bauxite resources, including Niyamgiri mines, without the invitation and consent of local communities. Vedanta had signed a memorandum of understanding (MoU) with the Odisha government which assures supply of 150 million tonnes of bauxite for its processing facility in the state. “We are actively working with the Odisha state government to agree the...
China’s bauxite imports plunged to 2.12 million tonnes in May due largely to Indonesia’s export ban, Shanghai Metals Market understood. Imports of Indonesian bauxite tumbled 98.81% on a yearly basis to 45,000 tonnes in May, the major reason behind the 65.46% year-on-year slump in China’s total imports, SMM believed. Given Indonesia’s ongoing ban on exports of unprocessed ores, Indonesian bauxite was estimated to be imported from bonded zones rather than from Indonesia. Fewer arrivals from Australia and India were also partly blamed on the decline in total imports. Imports from Australia dropped 12.55% from a year ago to 1.24 million tonnes in May, and dived 25.69% from India to 547,500 tonnes, according to China Customs. Year-to-date imports through May plummeted 37.91% from a year...
Rio Tinto expects its $US4.8 billion ($5.1 billion) South of Embley bauxite project near Weipa in Queensland to deliver returns comparable to its lucrative Pilbara iron ore operations, and is likely to approve its development this year, UBS analyst Glyn Lawcock said. Mr Lawcock tips South of Embley – which is critical to extending the life of bauxite mining at Weipa – will deliver an internal rate of return of about 29 per cent. “Rio expects the return on this project to be ‘comparable to the Pilbara’ (i.e. greater than 20 per cent),” Mr Lawcock wrote from a tour of Rio’s Alma smelter, in Canada. “Rio Tinto Alcan is particularly bullish on the outlook for bauxite, with material demand growth and the Indonesian ban impacting the market. Rio is well positioned to benefit from this.” Rio’s...
The Pacific Road Resources Funds ("PRRF") announce that PRRF has exchanged the non-interest bearing convertible notes ("Notes") issued by First Bauxite Corporation (the "Company") in the aggregate principal amount of $8,000,000, which were due to mature on June 26, 2014 and July 23, 2014, for promissory notes having the full principal amount plus an amount for certain fees and expenses, and a maturity date of January 19, 2016 (the "Replacement Notes"). The Replacement Notes will bear interest at an annual rate of 10% (compounded monthly and payable on maturity). As a result of the exchange, PRRF will no longer have the right to convert the Notes into common shares of the Company. After giving effect to the exchange, assuming full exercise of the 5,660,376 common share purchase warrants...
Paul Lennon has been appointed Chairman of Australian Bauxite Limited following the retirement of Mr. John Dawkins AO at the recent AGM. Mr. Lennon is a passionate Tasmanian and takes up the mantel of Chairman at a time when ABx has identified three mines in northern Tasmania and production planned to commence in December 2014. 'I have accepted this appointment as Chairman of Australian Bauxite as I see the potential the company has to offer, not only to Tasmanians, through job creation and project generation, but as the leader in new bauxite exploration in Australia,' Mr. Lennon said. 'I will be leading a dedicated and capable board of directors with a strong management and geological team, who will work diligently to progress and develop Australian Bauxite's projects across the eastern...
Queensland Bauxite has returned more positive test results on bauxite from its South Johnstone bauxite project with total alumina ranging from 32% to 38%. South Johnstone represents a new potentially high grade bauxite region, remarkably close to established infrastructure. Significantly, an independent feasibility study is in the offing to look at development options for the initial 30 million tonne resource to and evaluate early mining at South Johnstone given demand resulting from the ban by Indonesia on export of unprocessed ores. The study would also look to establish production targets. As well, already off-take alternatives are being reviewed, pointing to the perceived quality of the project. Notably, the X-ray Fluorescence (XRF) tests show that the bauxite is likely to be mostly...
Guinea's parliament has approved amendments in a deal with Emirates Global Aluminium (EGA) which will see the start of bauxite production in 2017 and the construction of a 2-million-tonne-per-year alumina refinery from 2018. "The National Assembly unanimously adopted the amendment of Global Alumina project," Saadou Nimaga, legal counsel of Guinea's mines ministry told Reuters late on Tuesday. The adoption of the amendments clears the path for the project after the West African nation and Abu Dhabi state-owned investment fund Mubadala signed a $5 billion agreement in November to develop a bauxite mine and an alumina refinery in minerals-rich Guinea. The project was previously owned by a consortium that included Dubai Aluminium (Dubal), Mubadala, BHP Billiton and Global Alumina and had...
