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 mineral export ban imposed by Indonesia has come into effect since January while the effects seem to be quite apparent in Nickel market but haven’t affected the aluminium price. It may change soon. Despite the ban, the prices of aluminium have remained fixed in 2014. Indonesia accounted for about 60% of the exports of bauxite globally from 2007-2013. In the year 2013, China got approximately 68% of bauxite it required for refining of aluminium from Indonesia. Wall Street Daily reports the total figure was 48.7 mn metric tons. While China was aware of the plans of Indonesia’s ban, it started stockpiling ore from months before the ban. With stockpiling declining now and chances of getting exhausted within a year it has become a thing of concern for China. China produces half the total...
Vedanta Group chairman Anil Agarwal met Chief Minister Naveen Patnaik on Wednesday and sought his intervention in resolving the issue of supply of bauxite to Lanjigarh alumina refinery in Kalahandi district. “The Chief Minister assured us that the State Government is giving top priority to bauxite supply to Lanjigarh plant and he assured us that the issue will be resolved soon,” Agarwal told reporters after the meeting. The company utilises only 25 per cent of the capacity of its refinery at Lanjigarh, Agarwal said, adding that the company is importing bauxite to run the plant and therefore, incurring losses. The situation will improve once the company is provided local raw material linkage. The Chief Minister was positive and assured Vedanta that the matter will be resolved on a priority...
The shares of Queensland Bauxite rose 40% to $0.014, leading ASX to issue a query related to the price. The company said it had no clue about any unreleased information that could give an explanation regarding the increase in price since the close of $0.010 on May 23, 2014. However, it is expected that some key results will come out from the Queensland’s bauxite project located in South Johnstone. The company also said that they were carrying out various project opportunities in Mozambique as their directors believe that these projects can give the shareholders significant value in return. They had also made progress in the negotiations with one of the project opportunities. As of yet, the negotiations haven’t reached any conclusion and no one can even guarantee of their successful...
China imported a total of 1.58 mn mt of bauxite in the month of April, down by 76.59% YoY. China Customs said, YTD imports through the month of April were 14.47 min mt, down by 29.92% YoY. There was no information about Indonesian bauxite arriving in China in April and Australian bauxite imports were low by 23.43% YOY. China imported a total of 254,500 mt of bauxite from Dominican Republic & 134,300 mt from India. The export ban of Indonesian government resulted in the decline of the bauxite imports. SMM believes there will be further decline in the stocks of the imported bauxite in China in the second half of this year as well.
RUSSIAN aluminium giant Rusal has slammed the investment climate for value-adding minerals processing, saying the key advantages Australia once enjoyed around energy and sovereign risk were being destroyed. “The industry in Australia is faced with development hurdles that pose significant obstacles for investment,’’ Rusal’s Australian chairman, John Hannagan, told The Australian. He said that the hurdles — including the previous Labor government’s carbon tax and the Howard government’s renewable energy target — had the effect of destroying Australia’s key advantage in minerals processing and competitive energy. The Labor opposition has said it will block the repeal of the carbon tax, and according to Mr Hannagan, the RET would add more than $80 million annually to the aluminium...
Indonesia’s export ban on raw ore sent nickel prices surging this year, but aluminum prices, along with related exchange traded notes, have been left behind. Now, some traders are pointing to potential opportunity in aluminum. From 2007 to 2013, Indonesia accounted for 60% of global exports of bauxite, a clay-soil mixture that is refined into alumina for use in everything from cans to car bodies, reports Xan Rice for Financial Times. Last year, China, the world’s largest producer and consumer of aluminum, imported about two-thirds of its bauxite from Indonesia. “Just like with nickel, there is no alternative supplier of bauxite of a sufficient scale and quality to replace the Indonesia material,” an Asia-based metals trader told Financial Times. “I think aluminium looks an interesting...
Ian Levy, CEO at Australian Bauxite Limited is expecting that the loss of China’s largest bauxite supplier will mean big gains for Australian producers of bauxite. China, the biggest base-metal consumer, saw a plunge in bauxite imports after a January export ban by Indonesia in order to limit ore sales to spark investment in higher-value domestic smelting. Indonesia supplied 68 percent of China’s purchases in 2013. So global bauxite producers are at queue to fill the gap as demand increases, said Levy. Australia is already the world’s largest producer of bauxite from mines owned by Rio Tinto and BHP Billiton Ltd. Commodity exports from Australia tripled in the past decade as China’s economy became the world’s second-biggest importer of base metals. While China hoarded about a year’s...
Bauxite Resources Limited advises that it has received a notice dated 19 May 2014 ("Notice") from Scarborough Equities Pty Ltd ("Scarborough") requisitioning a meeting of shareholders of the Company under section 249D of the Corporations Act 2001(Cth) ("Act") to consider, and if thought fit, to pass a resolution to elect Christopher Bruce Ryan as a director of the Company. The Notice was enclosed with a letter from Scarborough's Chairman, Mr Farooq Khan. Scarborough, which is a wholly owned subsidiary of Bentley Capital Limited, holds 5.004% of the issued shares in the Company. The BRL Board considered an earlier request from Scarborough for the appointment of Mr Ryan to the Board and, after canvassing the views of major shareholders, determined that they did not support the nomination...
Development issues such as bauxite mining, the pine chips and the Dreketi/Nabouwalu Highway projects are expected to draw interest in the Bua Provincial Council meeting today. Assistant Roko Tui Bua, Jone Driu Drugunalevu said these major developments have increased employment opportunities in the province. He said the council expect a lot of questions surrounding the projects which will benefit the people of Bua. He added other issues will include health, education, agriculture, water and electrification. The meeting is currently underway at the Naulumatua House in Nabouwalu.
Economist Dennis Morrison says Jamaica should consider developing a sovereign wealth fund seeded by bauxite royalties and taxes, should the sector regain vibrancy. His suggestion comes against the background of the dissipation of US$4 billion in earnings from the Bauxite Production Levy garnered over its 40 years without any real legacy projects to show for it. The levy was created in 1974. Morrison said bauxite remains Jamaica's best bet for the creation of a sovereign wealth fund out of which sustainable capital projects can be pursued. Panama is among the countries to have recently gone that route. It created a sovereign fund to provide the Panamanian government with an investment vehicle to manage the country's surpluses. All monies received by Panama's National Treasury - from...
China Hongqiao Group Ltd. (1378), the nation’s largest non-state aluminum producer, is in talks to buy a bauxite mine in Africa to secure raw material. “We are looking to lock up resources in Africa and may make some concrete progress over the next six months,” Christine Wong, head of corporate finance, said in a phone interview from Hong Kong, without disclosing the target or the price. “We must take a controlling stake to make sure we have the offtake for more than 20 to 30 years.” Hongqiao is seeking bauxite supplies after Indonesia, Southeast Asia’s largest economy, banned exports of unprocessed ore in January. The company, one of the lowest-cost smelters in China, is ramping up output after rivals including Aluminum Corp. of China Ltd. shut plants. “Demand is still strong even as...
An Indigenous-owned company has come one step closer to developing a bauxite mining operation in eastern Arnhem Land. The Northern Land Council approved an exploration application from the Gulkula Mining Company, a subsidiary of the Gumatj Corporation, at its bi-annual meeting in Katherine this week. Gumatj CEO Klaus Helms says the project could create important training opportunities for locals seeking careers in the mining sector. "The intention is to employ Indigenous people to work, learn and train on a mine site so that eventually they can move on to bigger and better places," he said. "We've always struggled with getting Indigenous people employed directly on mines, so we've decided our best bet is to do our own, and make it into a mining training school. "I think we're probably...
Bauxite industry experts have given thumbs down to the proposed redevelopment of Reynolds mines in St Ann for ore export and construction of a coal-fired refinery, saying it is likely to impact negatively on the tourism product, which now dominates the economy of Ocho Rios. Economist Dennis Morrison, a senior director of the Jamaica Bauxite Institute and current adviser to the minister of finance, says the project does not appear viable. "I can't see that we would be exporting crude bauxite from the town of Ocho Rios," he said, adding that tourism interests are likely to protest. Jamaica is in discussions with Chinese firm Xinfa Group on a possible deal that Energy and Mining Minister Phillip Paulwell announced in Parliament last week could lead to US$3 billion of new bauxite investments....
A review of mining licenses in Guinea, the world’s biggest bauxite exporter and home to the largest untapped iron ore deposit, is deterring investors in the West African country, according to its Mines Minister. “We are really eager to see this process completed very soon, because as long as it is under way it will be difficult for us to attract new investors,” Kerfalla Yansane said in an interview yesterday while attending the World Economic Forum on Africa in Abuja. Guinea’s mineral riches have attracted the world’s biggest mining companies in BHP Billiton Ltd., Rio Tinto Group and Vale SA. The government last month revoked two licenses held in a venture of Brazil’s Vale and BSG Resources Ltd. covering the Simandou project, the world’s largest undeveloped iron ore resource. BSGR has...
Billionaire NRI Anil Agarwal-led Vedanta Resources has made it clear that it will not look at mining bauxite from the Niyamgiri hills to feed its Rs. 5,000 crore Lanjigarh alumina refinery in Odisha until it gets approval from the local community. "In deference to the sentiments of the community, Vedanta confirms it is not seeking to source bauxite from Niyamgiri bauxite deposit for its alumina refinery operations and will not do so until we have the consent of the local communities," Vedanta said in a statement on Friday. The announcement comes nearly four months after the ministry of environment and forest turned down Vedanta's mining proposal, paying heed to the local villagers' verdict. All the 12 gram sabhas held in July-August last year had unanimously expressed opposition to the...
Canyon Resources has agreed to raise up to $315,000 by way of a placement of shares to fund exploration at its flagship Birsok bauxite project in Cameroon. The 7 million new shares will be priced at $0.045, with free attaching options with an exercise price of $0.06 each and expiry date of 31 January 2017. The strong level of interest from investors for additional investment into Canyon Resources is testament to management credentials and Birsok's fundamental value. Canyon recently commenced First phase drilling on the 75% owned Birsok project, targeting high grade DSO bauxite mineralisation. Up to 4,000 metres of drilling is planned to test the width and extent of bauxite mineralisation across priority target areas. The program will initially target the highest priority prospects of...
Rio Tinto Group plans to focus on bauxite investments from the coming year with the demand expected to rise in China. “This year we are focusing on continuing to pay down debt, to improve the strength of the balance sheet,” Chief Executive Officer Sam Walsh told reporters following the company’s annual meeting in Melbourne. “That brings us to next year and it brings us to options that we are providing the board in relation to how will the future cash flow be used. Clearly it can be used to build the business and grow the business, or it can be used for returns, or both.” The largest mining companies in the world are restraining their expenditure after the rise in metal prices slowed down. Rio is cutting down on their capital and has spent about $8 billion in the year 2015, less than half...
Representatives of the world’s largest aluminum company UC Rusal, will be visiting Jamaica later this month to conclude discussions on the future of their operations at the Alpart and Kirkvine bauxite plants. Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell made the announcement in the House of Representatives today (May 6), while opening the 2014/2015 Sectoral Debate. He expressed concern that the plants have been closed for five years, noting that the impact is too great to have them remain idle. Minister Paulwell also informed that Cabinet has given approval to grant the Russian company a bauxite levy concession for an additional two years in respect of the Ewarton Plant, on the condition that it constructs a coal-fired energy solution at the plant. “We are...
