Processing bauxite into alumina and aluminium can significantly increase its value, according to Indonesia's state-owned aluminium producer PT Indonesia Asahan Aluminium (Inalum). The company also expects downstream development to support government revenue, employment and economic activity in surrounding areas. Arif Haendra, Inalum's director of corporate strategy, business development and commercial affairs, said, "Bauxite priced at USD 40 per tonne can fetch about USD 400 as alumina, a roughly tenfold increase." Processing bauxite into alumina costs around USD 250–300 per tonne. Alumina can then be processed into aluminium, which sells for approximately USD 3,200–3,500 per tonne, Haendra said in Jakarta on October 27. Explore the production, demand and consumption forecasts of bauxite...
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...
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During the half year ending 31 December 2013 Bauxite Resources continued to focus primarily on the exploration and evaluation of bauxite prospectivity in the Company's extensive tenement holding in WA's Darling Range, the largest bauxite and alumina producing region in the world. At the reporting date the Company held exploration tenements over 14,266 km2 (7,621 km2 granted). The Company undertakes this exploration and evaluation both in its own right and through participation in three joint ventures. Two of these joint ventures are carrying out exploration for bauxite, while the third joint venture was formed to examine the feasibility of building and operating an alumina refinery in Western Australia to process bauxite sourced from the Darling Range region. The Company's exploration...
Clinton Thompson, the Commissioner of the Mines & Geology Division, is confident that the bauxite industry has a brighter future ahead. "Closure does not mean death and if you listen to the Bank of Jamaica reports, even with the downturn, it (mining and energy) is still one of the star performers in contributing to the country's economy. It is just that we would want to get back to the glory days which are a work in progress as we speak," Thompson told The Gleaner last week. The Russian-owned Kirkvine & Alpart bauxite plants were closed with the global recession in place. Since then the Government has been constantly in negotiations with the plant owners for the the resumption of operations. UC Rusal, the owner, said about their investing of US$100 million for their plant at Ewarton in a...
The Queensland Government says it is not in favour of overturning a bauxite mining ban in the Steve Irwin Wildlife Reserve on Cape York. Yesterday, miner Cape Alumina expressed its intention of reopening negotiations with the Queensland Government to restart its $1.2 billion Pisolite Hills bauxite project in Cape York. Moreover, Deputy Premier Jeff Seeney makes it clear that he is not interested in doing any negotiation regarding bauxite mining in the environmentally protected areas of Cape York. "People that are suggesting this is some sort of deal are living in the past," he said. "It's about a rigid process, a comprehensive process that gives everyone the confidence that there will be a balance between economic development and conservation values." Cook MP David Kempton however says he...
Bauxite Resources Limited advises the following changes to its Board of Directors with the appointment of Mr Cunliang Lai as non-executive director replacing Mr Zhan Qingwei as the representative from the Company's substantial shareholder, Yankuang Group Corporation (Yankuang). Mr Cunliang Lai is a senior engineer, a researcher in engineering technology application with a Doctorate in Engineering and an Executive Masters in Business Administration. He has been named as one of China National's Top-Ten Coal Mine Managers, China National Coal Industry's Top-100 Achievers and a Shandong Provincial Youth-and-Middle-Aged Specialist for Outstanding Contributions. Mr Lai has more than 20 years of experience in coal mine management and holds the position of Deputy General Manager of Yanzhou Coal...
FIRST BAUXITE CORPORATION is pleased to announce that it has filed its first quarter financial statements and management's discussion and analysis for the period ended December 31, 2013. The company also announces that it has granted incentive stock options for the purchase of up to an aggregate of 450,000 common shares of the Company at an exercise price of $0.20 for a five-year period to certain directors and an officer of the Company. First Bauxite Corporation is a Canadian natural resource company engaged in the exploration and development of bauxite deposits in Guyana, South America. The Company has its head office in Toronto and is managed by experienced geoscientists and business development professionals with worldwide experience in the exploration and mining business across a...
Bauxite-focused Canyon Resources has been granted a trading halt this morning, as the company prepares capital raising details. Canyon's shares are currently in pre-open. The company has entered into a joint venture to acquire up to an initial 75% interest in the Birsok bauxite project, which is located in Cameroon. Birsok has the potential for direct shipping ore with low impurities. The project is drill-ready with the potential for definition of a maiden Resource for less than $1 million worth of drilling. The halt will remain in place until the opening of trade on Monday 3rd March 2014, or earlier if an announcement is made to the market.
Rio Tinto said it has suspended bauxite mining at its Gove operations in Australia on Tuesday following the death of a worker. The employee was fatally injured while performing maintenance work, Rio Tinto said in a statement e-mailed to Reuters. "We will be pausing all operations at the mine," the statement said, All non-essential activity at an adjoining alumina refinery has also been halted for at least 24 hours, according to the company. The Gove operation produces more than 8.2 million tonnes of bauxite and 2.7 million tonnes of alumina a year. Rio in November announced it would close the alumina refinery this year because it was losing money but would continue mining bauxite for export.
Russian firms plan to invest up to six billion dollars in Indonesia's mining sector this year, Jakarta said Tuesday, despite its recent mineral export ban that has worried foreign investors. Projects include a refinery on Borneo to process bauxite, an aluminium ore, and a railway on the island to transport coal to a port, said Indonesian Chief Economic Minister Hatta Rajasa. Rusal, the world's biggest aluminium producer, has signed a memorandum of understanding to build the refinery with a local company. "The investment potential this year is between five and six billion dollars," Rajasa said. The announcement, which came during a visit by Russian Deputy Prime Minister Dmitry Rogozin and a large business delegation to Jakarta, will be a boost following the ban on the export of some...
One hundred and sixty farmers from eight communities in St. Ann and Manchester are set to benefit from a $192 million Water Catchment and Greenhouse Cluster Project, being undertaken by the Jamaica Social Investment Fund (JSIF) and the Jamaica Bauxite Institute (JBI). A total of 20 greenhouses are being constructed in each of the eight targeted communities, with a mined-out pit at each site to be converted into a surface water reservoir to be used for irrigation purposes. The project, which involves collaboration with Noranda Jamaica Bauxite Partners, is geared at placing formerly small scale subsistence farmers on mined-out bauxite lands, and providing the necessary infrastructure and equipment for them to do greenhouse farming on a larger scale. JSIF is providing $160 million through...
China’s bauxite imports hit record high in January as Indonesia’s export ban loomed large, Shanghai Metals Market has learned. Inbound shipments reached 8.02 million tonnes last month, spiking 57.81% year-on-year. Indonesia contributed 6.14 million tonnes, soaring 105.04% YoY, while Australia supplied 1.42 million tonnes, also jumping 43.67% from a year ago. Chinese alumina producers also sourced the raw material from the Dominican Republic, Guinea, India and Ghana. Imports from these four countries totaled 459,700 tonnes. The CIF prices of imported bauxite averaged $ 51.64 per tonne in January. The CIF price for Indonesian bauxite was $ 49.5 per tonne, $ 55.7 per tonne for Australian bauxite, and $ 85.75 for Guinean bauxite. Chinese alumina refineries accelerated stock buildups before...
In 2012, the worldwide bauxite production reached 263,000 tonnes, registering a 1.3% YoY increase. In the same year, the overall alumina supply volume stood at more than 92,000 tonnes, recording just a 0.7% YoY increase. Australia, China, Brazil, Indonesia and India were the top five bauxite manufacturing countries; in 2012 their combined share of the world bauxite production was equivalent to around 78%. Meantime, the major five alumina manufacturing countries in 2012 included China, Australia, Brazil, the US and India. The global bauxite and alumina market is poised to see positive growth at a CAGR of around 2.8% through 2017. Nevertheless, the overall market will likely face such challenges like skyrocketing energy prices, increasing feedstock costs and weak steel industry demand. Asia...
Another bauxite area has been identified in the province of Macuata and talks have started with landowners. If successful, Aurum Exploration (Fiji) Ltd plans to begin work at the new site this year. Company director Sang Lei said it would cost them about $20million ($US10m) to build the site at Dreketi. He confirmed the landowners were consulted together with the Mineral Resources Department. "We have started talking with landowners and we are continuing with discussions, making sure they fully understand and know what bauxite mining is about," Mr Lei said. "We want the landowners to have a lot of time to think about their decisions and come to an agreement. "So far we are happy with discussions and glad that the landowners are agreeing to talk with us." Mr Lei said the landowners had...
AURUM Exploration Fiji Ltd will send its 1st bauxite shipment in April for this year. The delayed shipment has resulted from continuous wet weather conditions that has been recently experienced in the North and affected work at the mine. Sang Lei, the Company director, said mining have started off on a slower pace compared to the last year. Last year in January, the first shipment of the company was sent and the weather conditions were much better compared to what they are experiencing now.
Bauxite Resources Limited advises that Yankuang Group Corporation (Yankuang), the representative from substantial shareholder of the company, Qingwei Zhan, has appointed Fengyong Sun as the alternate director. Mr Fengyong Sun holds an engineering degree as well as a MBA degree. Mr Sun has served different areas of coal mining, electrolytic aluminium and electricity generation inside Yankuang Group Ltd for more than 17 years. Mr. Sun is a senior engineer and has extensive engineering knowledge along with project management skills.
Bauxite Resources Limited has recently listed their achievements they have made in the year 2013 in the company’s newsletter. The company thinks the momentum in 2013 has helped them to reach more milestones towards starting bauxite’s commercial export from Western Australia. Bauxite resources held by BRL along with its partners in various joint ventures have increased to 338 million tonnes. Felicitas bauxite deposits have upgraded to 218.7Mt @ 39.1% Total Al2O3 (30.1 % available @ 148°C), 8.9% SiO2 (1.9% reactive @148°C) The environmental study on 100% Fortuna Deposit of BRL has commenced. As a part of the company strategy, Bauxite Resources Limited has targeted export of DSO shipments out of Fortuna deposit. The company has discovered many significant new mineralisation in north as well...
Rio Tinto announces a 10 per cent increase in underlying earnings to $10.2 billion and 15 per cent increase in full year dividend. Rio Tinto chief executive Sam Walsh said “These strong results reflect the progress we are making to transform our business and demonstrate how we are fulfilling our commitments to improve performance, strengthen the balance sheet and deliver greater value for shareholders. We have achieved underlying earnings of $10.2 billion, exceeded our cost reduction targets and set production records. In turn, this has enhanced our cash flow generation and lowered net debt. The 15 per cent increase in our dividend reflects our confidence in the business and its attractive prospects.” Highlights: · Underlying earnings of $10.2 billion were up ten per cent on 2012. ·...
Deputy Prime Minister of Vietnam Hoang Trung Hai visited the Tan Rai Bauxite Complex in the Central Highlands Province of Lam Dong yesterday, where he applauded the quality of the plant's first products. The plant opened last October and has since produced 260,000 tonnes of high-quality aluminum. More than 160,000 tonnes were exported to European and Asian markets while more than 855 tonnes were sold in the domestic market for US$320–330 per tonne. Under the bauxite project in the Central Highlands region, which started in 2007, the Tan Rai plant was built in Lam Dong province and the Nhan Co plant was built in Dak Nong Province by the Viet Nam Coal and Mineral Group (Vinacomin). The Deputy Prime Minister asked Vinacomin and the project's Management Board to ensure safety. He stressed the...
Maputo — The only bauxite mine in Mozambique, located at Penhalonga in the central province of Manica, is at risk of closing, for lack of a market for its product, reports Monday's issue of the Beira daily paper “Diario de Mocambique”. The managing director of the company, Mina Alumina, John Makle, said the company can extract up to 13,000 tonnes of bauxite a year. But from 2011 onwards it has only been producing 7,500 tonnes. The company used to sell its bauxite to Zimbabwe and Zambia, but its clients in those countries are no longer buying. “The economic crisis in Zimbabwe has seriously affected us”, said Makle. “Right now, we're waiting for a new market, the South African market, that wants to acquire our product”. The fall in production has already led the company to sack 42 of its 65...
