China recorded the highest reported bauxite price among five major markets in the third quarter of 2026, at USD 90 per tonne, while the USA had the lowest assessment at USD 77 per tonne. India, Australia and Germany recorded prices of USD 82, USD 80 and USD 79 per tonne, respectively, highlighting regional differences in bauxite procurement costs. The USD 13-per-tonne gap between China and the USA reflects differing regional price assessments. However, the available data does not establish the precise contribution of individual factors or indicate whether prices rose or fell compared with the previous quarter. China tops regional bauxite price rankings China's bauxite price of USD 90 per tonne placed it at the top of the five-market comparison. Its substantial alumina refining industry...
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...
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Australian bauxite miners are pinning their hopes on a turnaround in the struggling industry, with a new market likely to open up in China. Indonesia has long satisfied China’s growing hunger for bauxite to feed its aluminium smelters, which has prevented Australian companies from entering the market. Now that might change, with Indonesia expected to endorse tough, new restrictions on exports from January. Peter Kopetz from Stockbroking agency State One Capital says he has been closely watching the bauxite price increase in recent months. “Some of the projects which maybe were marginal beforehand are becoming more economic as the price goes up and we’ve seen a gradual price increase over the last 12, 24 months and we see that continuing,” he said. “There’s a push for Australia to become a...
About $28.8million worth of bauxite has been exported to China from Bua mines at Fiji this year. This is equivalent to 12 shipments of bauxite sent from Bua in the North. Acting Commissioner Northern Alipate Bolalevu said the mining investment at Nawailevu in Bua had been a success. He said the Aurum Exploration (Fiji) Ltd had also identified another potential bauxite site in the same area. Company executive Derek Qiu said preparation work at the new site had started. "However, mining work will not begin soon. But basic preparation work like the construction of a bridge at the new site has started," Mr Qiu said. "The new site is about 500metres from the existing mining area. "We have already got the consent of the landowners who belong to mataqali Naita in the village of Votua in Lekutu...
Tribals at Koraput in Odisha have threatened to intensify their stir, if Hindalco went ahead with its plan of resuming bauxite mining at Mali Parbat. The mine used to feed the company’s aluminium plant at Renukoot in Uttar Pradesh. Spread over 270 acres, the mine stopped operation in 2010 in the wake of opposition from the locals. Though bauxite excavation resumed for a brief period in 2012, the mining contractor had to halt the work, as protesters opposed transportation of the mineral. The Mali Parbat Surakhya Samiti (MPSS), a local outfit which has been spearheading the agitation, has threatened to boycott the upcoming state and general elections if the state government did not cancel the mining lease. The agitators, drawn from about 40 villages in Sorishapodar, Hundi, Dalaiguda and...
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Leading metal makers such as ArcelorMittal and Vedanta will be keen on more work in India but for the dispiriting project delays, especially those pertaining to sanctions for mines. In an interview with Bloomberg TV, Vedanta Chairman Anil Agarwal regretted his $8-billion investment in the country's largest single-location aluminium complex in Odisha. Agarwal said he had the choice of either building the complex in Odisha or acquiring the US owned, Mexican copper producer Asarco. Factors in favour of Odisha are availability of high-quality bauxite and coal to run power plants linked to the smelter. But what remains highly debilitating for the one-million-tonne (mt) alumina refinery at Lanjigarh is Vedanta's inability to procure bauxite from Odisha, after its attempts to open mines in...
KPCC president Ramesh Chennithala on Thursday demanded the cancellation of the sanction given for bauxite mining at Kadaladi Para in Kasaragod. He also demanded a probe into the circumstances under which the previous LDF government awarded the sanction in 2007. Chennithala raised the demands in letters sent to chief minister Oommen Chandy and industries minister PK Kunhalikutty. During Chennithala's visit to Kadaladi Para on Tuesday, local residents had raised their concerns over mining in the traditionally agriculture area. They also said the mining would affect two rivers in the region.
Brazil’s exports of bauxite and aluminium fell in November, while alumina shipments increased, according to the country’s trade ministry. Bauxite exports from Brazil reported a 14% fall in November after China and Canada reduced purchases. Shipped volumes were 719,719 tonnes in the month, compared with 836,941 tonnes in November last year. Shipments were down 32.6% decrease from October, when 1.06 million tonnes were exported. Export revenue in November stood at $29.74 million, compared with $30.43 million a year earlier. China decreased its imports to 47,197 tonnes in the month, from 153,167 tonnes in November 2012. Canada acquired 225,224 tonnes, from 331,896 tonnes a year earlier. The USA increased its imports to 278,353 tonnes of bauxite, from 200,812 tonnes in the same month last...
No one is getting too excited just yet, but there is a chance that Indonesia of all places may be about to do Australia a big favour -- more particularly, our tin, nickel and bauxite producers. Like the rest of the mining sector, all three could do with a bit of early Christmas cheer. Apart from the broader fallout from the recent spying scandal and the ongoing tragedy of boatpeople, Indonesia has not exactly endeared itself to the local resources industry, with its regular shocks and horrors when it comes to security of tenure. But if the Indonesians deliver on their big commodities threat of early 2014, much of that will be quickly forgiven. The big threat is to follow through on the government's plans to proceed with a mineral ore export ban from January 12 -- a drastic attempt to...
KPCC president Ramesh Chennithala will visit the proposed bauxite-mining site at Kinalur panchayat in Kasargod. In a statement here on Monday, he said the previous LDF government had given sanction to Maharashtra-based Ashapura group for mining bauxite. However, the State government issued a notice to temporarily call off mining operations owing to people’s agitation. The people are apprehensive about the renewed move of the company to get sanction for bauxite mining.
Australian Bauxite has been granted a trading halt today, pending details of a capital raising. Australian Bauxite shares are currently in pre-open. The halt will remain in place until the opening of trade on Thursday 12th December 2013, or earlier if an announcement is made to the market.
Former premier Paul Lennon has joined the board of a Sydney-based company planning to mine bauxite near Launceston. Australian Bauxite Ltd has three exploration tenements in the North and hopes to next year open a mine and export bauxite to China for smelting into alumina and then aluminium. The company has told the stock exchange that Mr Lennon had been appointed as a non-executive director after recent shareholding changes. The company has signed an agreement with Chinese aluminium refiner Xinfa. Company chairman and former federal trade minister and treasurer John Dawkins welcomed Mr Lennon's appointment. Mr Dawkins said he was confident the former premier, treasurer and resource minister would contribute strongly to the company's drive to produce Tasmanian bauxite for domestic and...
The Mayor of an Aboriginal Shire in far north Queensland's Cape York says the closure of a bauxite mine could end a bitter dispute in the town. Cape Alumina is abandoning its Pisolite Hills project on the Western Cape after the State Government banned mining in the Steve Irwin Wildlife Reserve. Mapoon Mayor Peter Guivarra says the debate over whether to mine the area had caused divisions and the mine's closure should end that chapter of the town's history. "I mean it was all focused on Pisolite Hills and that's no more, so hopefully the community will settle down a bit for sure," he said. Councillor Guivarra says he hopes the wildlife reserve will offer job opportunities for young Indigenous locals. He says while some were looking forward to jobs with the mine, others have welcomed the...
Rio Tinto has appointed Greg Lilleyman as the new group executive, Technology & Innovation (T&I) following the retirement of Preston Chiaro at the end of March 2014. Greg’s appointment is effective from 1 January 2014. Rio Tinto chief executive Sam Walsh said “Under Preston’s leadership, our industry-leading T&I group has developed and delivered numerous innovations, including the growth of our ground-breaking Mine of the FutureTM programme, which have created sustainable value for our shareholders by ensuring Rio Tinto has a competitive advantage in the way we operate. “I would like to thank Preston for his skilful leadership of the T&I Group and his wider contribution to Rio Tinto and the Executive Committee over a number of years.” Greg Lilleyman, a mining engineer by profession, has...
The Indonesian government has reiterated plans to ban tin, bauxite and nickel ore exports from January 2014. The extent of the bans and the specific implications are still unclear, as some exports may still be allowed if companies reveal an intention to build smelters in the country. The move is populist, in CIMB's opinion, as Indonesia proceeds to a national election in April. The broker doubts the country will enforce the bans in full and with immediate effect. In the case of bauxite, the analysts expects an interim measure of increased export tariffs is likely, beyond the current 20%. Macquarie considers the news a long-term bullish signal for prices, although the broker's base case does not assume a material ban on nickel exports. High levels of nickel ore inventory in China and...
The ripple effect of the Supreme Court verdict in the Vedanta mining case is being felt in faraway Manipur. The Mapithel multi-purpose project, which began in Manipur in 1980 and is yet to be completed, now faces the same test as Vedanta’s bauxite mining project in Odisha did — has it come up respecting tribal rights or not? The project was sanctioned by the Planning Commission in 1980 at a cost of Rs. 45 crore then. Thirty-three years down the line, the project is yet to be completed — it will cost the country a whopping Rs. 1,147 crore now. An amount of Rs. 1,184 crore has already been claimed to be spent on it. It has been built over the past eight years in violation of green laws. Dragged to the National Green Tribunal, the project has been put on hold till the court decides if it...
Resource Capital Fund V L.P. is pleased to announce that it has completed a subsequent $5,000,000 investment in First Bauxite Corporation. RCF has acquired 40,000,000 common shares of the Company pursuant to a private placement by the Company at a price of $0.125 per Share. The Shares represent an approximate 34.02% interest in the Company's common shares. After giving effect to the subscription and including the 13,524,211 common shares previously held by RCF and its affiliates, assuming full exercise of the 5,858,490 common share purchase warrants previously held by RCF and its affiliates and assuming full conversion of the non-interest bearing convertible notes in the aggregate principal amount of $8,000,000, which Notes are convertible into common shares of the Company at a price of...
Bauxite developer Cape Alumina told shareholders on Friday that its entire focus would now shift to the development of the Bauxite Hills mine and port project, in Queensland, after the state government effectively canned the company’s Pisolite Hills project. In November, the state government announced plans to declare the Steve Irwin Wildlife Reserve and the Wenlock river on Cape York peninsula the region’s first-ever strategic environmental area, effectively killing the Pisolite Hills project. The state’s decision also caused Cape Alumina to abandon a proposed merger with fellow listed MetroCoal, which had been looking at developing Pisolite Hills. Following a meeting with the state government this week, the Cape Alumina board has decided to shift its focus to the Bauxite Hills mine....
Rio Tinto expects to be able to export 7-8 million tonnes of bauxite a year from Gove in Australia's Northern Territory, the company's aluminium chief said on Tuesady. Rio last week said it was suspending operations at its loss-making Gove alumina refinery but would continue mining bauxite there for export. Asked what the company's eventual target for exports would be, aluminium chief Jacynthe Cote told analysts: "Probably 7-8 mln tonnes," adding that was a rough estimate as the company has a lot of work to do to close the refinery.
