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...
Grow with
AL Circle
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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....
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,...
A meeting took place between Earthmoving Company LUNA N.V. executives of Suriname and the Natural Resources and the Environment Minister Robert Persaud to discuss about the business potentials within the gold mining and bauxite sectors. A press-release from the Ministry of Natural Resources said...
First Bauxite Corporation ("First Bauxite" or the "Company") is pleased to announce that it has granted incentive stock options for the purchase of up to 300,000 common shares of the Company at an exercise price of $0.14 for a five-year period to a director of the Company. First Bauxite Corporation...
Alufer Mining Ltd., planning to build a $305 million bauxite mine in Guinea, has started interacting with banks, commodity traders and private equity funds to develop their finance of Bel Air project. Danny Keating, the Chief Executive Officer wants to complete the financing of this project by this...
BAUXITE mining has been suspended until weather conditions improve. Aurum Exploration Fiji Ltd director Derek Qiu confirmed work had stopped in November after the last shipment left for China. The company sent 12 shipments last year. "Mining work has stopped but we are still keeping the workers to...
Indonesia’s ban on key mineral ores export (except the ones processed in Indonesia) risks backfiring as less commodity means it will not be cost-effective for aluminum producers to invest in expensive refineries and smelters. The ban came into effect on the 12th of January, was unveiled in 2009 as...
