China’s bauxite imports continued to rise in the first nine months of 2026, with Guinea accounting for nearly 80 per cent of its total supply. Against this backdrop, Alurion Resources, an independent company following a demerger from Brazilian Rare Earths, is advancing its Amargosa Bauxite-Gallium Project in Bahia, Brazil, through infill drilling, bulk sampling and export-logistics studies, targeting a pre-feasibility study (PFS) by mid-2027. The company’s September 2026 quarterly activities report outlines plans to improve bauxite resource estimates, assess processing yields and evaluate export routes, as it works towards establishing a scalable direct-shipping bauxite (DSB) operation. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: "Global...
Metro Mining Limited shipped 2.1 million wet metric tonnes (WMT) of bauxite in the third quarter of 2026, up 17 per cent from 1.8 million WMT in the previous quarter. However, shipments remained below the 2.25 million WMT recorded in Q3 2025. The Australian bauxite producer reported improved market pricing during the July–September quarter, with its delivered (CIF) price rising by 6.5 per cent to AUD 60.8 (USD 42.79) per WMT from AUD 57.1 (USD 40.18) per WMT in Q2. Site EBITDA increased to AUD 7 (USD 4.93) per WMT from AUD 4.4 (USD 3.10) per WMT. Mining and shipping operations faced maintenance work, equipment issues and channel erosion during the quarter. The company said its offshore floating terminal, Ikamba, underwent a one-week shutdown in July to replace four large hydraulic crane...
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First Bauxite Corporation announces that, further to its news release issued May 23, 2012, it has now closed the non-brokered private placement (the "Private Placement") to Resource Capital Fund V LP and certain entities comprising the Pacific Road Resources Funds for a total of 22,641,510 units (the "Units") at a price of $0.53 per Unit raising a total of $12,000,000. Each Unit consists of one common share and one-half of a transferable common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable for one additional common share (a "Warrant Share") of the Company until October 12, 2015, at an exercise price of $0.75 per Warrant Share. In connection with the Private Placement, a fee of $210,000 was paid in cash to Pacific Road Capital Management Pty Limited, manager...
Indonesia's new mineral ore export regulations have halted operations at hundreds of small mining companies, costing the country's export industry up to $164 million a month in lost nickel and bauxite sales, a mining industry body said on Friday. Indonesia in May asked all miners to submit plans to build local smelters or to process ore domestically by 2014, when a total ban on raw mineral exports kicks in, or otherwise face an immediate ban on raw ore exports. It also imposed a 20 percent tax on ore exports. The rules, intended to squeeze more domestic revenue from an industry that contributes around 12 percent to the GDP of Southeast Asia's largest economy, have hit companies hard, the Indonesian Association of Mineral Entrepreneurs (Apemindo). "They are all stuck ... because they have...
Ahead of the court-convened meeting to consider the Sesa-Sterlite merger on June 21, advisory firm IIAS has recommended stakeholders of both firms to vote against the merger which was announced by parent company, Vedanta Resources in February this year. These are IIAS’s recommendations to shareholders on why they should vote against the merger. The leverage of the new entity will be high as compared to Sesa Goa and Sterlite pre merger, thereby making the deal unfavorable for Sesa Goa and Sterlite shareholders. Premium valuation will be accorded to Vedanta Aluminium (VAL)Premium valuation will be accorded to loss making VAL which will become the subsidiary Sesa-Sterlite post the merger but will be assigned an equity value of 4.7 times its EBIDTA. This is in line with Sesa Goa and higher...
Australian Bauxite Limited announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase shares in ABx without brokerage or other related charges. Shareholders can purchase for $0.39 per share, which is the same price paid by brokers and professional investors in the recently completed placement. Participation in the Offer is optional and is open to Eligible Shareholders who were holders of Shares in ABx at 5.00 pm (EST) on 7 June 2012 and whose registered address is in Australia or New Zealand. Shareholders can purchase shares totaling up to $15,000. Funds raised through the SPP will be used to progress the company's drilling and development programs and to provide working capital. Shares issued under the SPP will rank equally with existing shares.
The amount of bauxite shipped out of Ghana in 2011 reduced significantly by 22%, the Ghana Chamber of Mines said in its latest mining sector report released June 6, 2012. The Chamber’s report indicated that 400,069 tonnes were shipped in 2011 down from 512,208 tonnes in 2010. As a result of the decrease, there has been a decline in sales from bauxite exports. “… bauxite shipments reduced significantly by 22% from 512,208 tonnes in 2010 to 400,069 tonnes in 2011 leading to a corresponding decrease in export sales from $15,145,755 in 2010 to $13,406,433 in 2011,” the Chamber’s report said. Meanwhile the export of manganese increased by 53% from 1,193,665 dry tonnes in 2010 to 1,827,692 dry tonnes in 2011, according to the report.
Gujarat Minerals Development Corporation Ltd (GMDC) on Thursday said it has inked a pact of sale of non-plant grade bauxite with a Hyderabad-based company. This would make GMDC earn Rs 20 crore. GMDC, known for its multi-mineral and mining expertise, said it would provide bauxite from its Gadhsisa bauxite mines in Kutch district. After a bidding process, GMDC struck a bulk sale deal to sell 2.35 lakh tonnes (mt) of bauxite with alumina content ranging from 40-52 per cent to the Hyderabad-based Anrak Aluminium Ltd for value addition. Anrak has offered the highest bid of Rs 743 a tonne of bauxite, the GMDC Managing Director, Mr V.S. Gadhvi, said here on Thursday in a statement. This sale will generate about Rs 20 crore for GMDC. It is pertinent to note that in light of GMDC's ongoing...
Recently, the GM of Shandong Yankuang Group attended ALUMINUM CHINA 2012 which was held in Shanghai and said that through acquisition and investment of 90% shares in Western Australia they’ve purchased the bauxite mining right of two companies. This bauxite occupied about 24,000sq.km. ore grade was about 40%-50%, bauxite content was expected to near 1 billion tons. The approved 50,000 thousand tons of aluminium ore were met Australian Standard, nearly 0.18 billion tons still will be approved at the end of this year and will built an alumina base at local place according to the plan. This was the biggest overseas bauxite exploration project that has won the support from Ministry of Land and Resources and Ministry of Finance of the People’s Republic of China, as well as 52,900 thousand yuan...
A group of South Africans, led by Tokyo Sexwale, has devised a scheme to take over mineral assets and mining concessions in the west African republic of Guinea, which the government plans to renationalize after revoking deals struck by previous Guinean governments. The Sexwale scheme is a growing threat to Oleg Deripaska’s Rusal in Guinea, as the offers Deripaska has proposed to Guinean President Alpha Conde and his family miss their mark. On the eve of Rusal’s annual general meeting of shareholders in Hong Kong, due on June 15, there has been no fresh warning to Rusal shareholders that their Guinean bauxite mines and alumina refinery are facing confiscation, and transfer to a state mining company controlled, indirectly, by the South Africans. These Guinean assets account for more than...
Rio Tinto Alcan, one of five operating groups operated by Rio Tinto PLC, is focusing its investment and development on bauxite and alumina, Jacynthe Cote, chief executive of Rio Tinto Alcan, said Tuesday at the American Metal Market Aluminum Summit. "Remember that it all starts with bauxite and electricity," Ms. Cote said of aluminum production. She added that Rio Tinto Alcan is investing the most, among primary aluminum producers, into both bauxite and alumina production and assets. While some of Rio Tinto Alcan's customers may be better at making aluminum, these customers appreciate the company's efforts into expanding raw material supply, she said. The mining and production company is repositioning itself to focus more on bauxite and alumina to help cut its production costs for...
Emerging bauxite exploration and development company, Australian Bauxite Limited has received laboratory and exploration results from drilling and surface exploration at its Binjour Bauxite Project in central QLD 133 holes drilled in 2012 have intersected a thick layer of bauxite located beneath a surface clay horizon, including some exceptionally high grade, thick gibbsite bauxite, ideal as a "sweetener" to any bauxite refinery. Complete results are listed in the Appendix and averaged in Table 1 as follows: Australian Bauxite CEO Ian Levy said; "Binjour hosts a fine bauxite deposit, containing premium grade bauxite. It is very exciting to discover the southern half of the large Binjour plateau with bauxite lying right at surface. "The Binjour Bauxite Project is destined to sell large...
Resource Capital Fund V L.P. ("RCF") is pleased to announce that it has completed a subsequent $6m investment in First Bauxite Corporation (the "Company"). RCF has acquired 11,320,755 Units (each a "Unit") pursuant to a private placement by the Company at a price of $0.53 per Unit. Each Unit consists of one common share and one half of a common share purchase warrant (each a "Warrant"). Each whole Warrant entitles the holder to purchase one common share in the capital of the Company at a price of $0.75 per common share for a period of 3years following the closing date. RCF will also receive a fee equal to 3.5% of the subscription price paid by RCF, which fee is payable pursuant to a note purchase agreement between the Company and RCF dated December 31, 2010. RCF has elected to take its...
The Kiran Reddy government on Monday decided to cancel the lease of Bayyaram iron ore mines spread across three mandals in Khammam district. Around 1.4 lakh acres of land was leased to a joint venture of AP Minerals Development Corporation Ltd (APMDCL) and Rakshana Steels for iron ore mining. The TDP had linked Rakshana Steels to a member of the YSR family. The land is situated in Bayyaram, Garla and Nelakondapally mandals in Khammam district. Incidentally, the huge tract bearing iron ore was given to Rakshana Steels on the lines of the bauxite agreement that APMDCL had signed with Anrak in Visakhapatanam district in 2007. The GO ratifying the joint venture of APMDCL and Rakshana Steels in 2009 explicitly mentioned the Anrak bauxite agreement. So, the cancellation of the Bayyaram joint...
ReportReserve’s new report, ‘Bauxite Mining Market in Europe to 2020 - Market Characterized by Increased Regional Demand for Aluminum Backed by Significant Reserves’ provides key information and analysis of the European bauxite mining industry, which consists of Russia and Greece. The report covers the industry’s drivers and restraints, production, reserves and consumption, and provides details of each country’s bauxite trade statistics (imports and exports). This report is based on data and information sourced from proprietary databases, primary and secondary research and in-house analysis by ReportReserve’s team of industry experts. Scope - Important drivers and restraints which are estimated to play a role in transforming the industry during the outlook period 2012-2020. - Production...
The CBI is investigating the orders for bauxite mining given by the YSR government to Anrak Aluminium Limited, a joint venture of the Penna Group of Ras-Al-Khaiamah investment authority, in Visakha-patnam and Vizianagaram. The CBI, which is investigating the case against Penna Cements that has invested in Jagan Mohan Reddy’s companies, is recording the statements of officials and ministers linked to Anrak GOs. Home minister P. Sabita Indra Reddy, then mines minister, claimed that the AnRak bauxite mining file had passed through her ministry as a routine procedure, and that the entire process was taken up by the AP Mineral Development Corporation in which she had a limited role. The APMDC struck MOUs with Anrak and Jindal companies in 2007. The charge is that APMDC has got 2.5 per cent,...
$US20 million has come into the country of Fiji through the bauxite mining operation in Bua. Aurum Explorations Fiji Limited’s mine manager Vanuaca Basilio said this is in terms of taxes and wages paid to government and wages paid to the employees. He said $2.5 million has also been paid to the landowners. The bauxite mine currently has close to 150 permanent employees and 250 seasonal workers from around Fiji. The first shipment of 60,000 tonnes of bauxite was sent to China yesterday. There is an audio file attached to this story. Please login to listen. He said Bua was previously underdeveloped but they now have various means of communication and the road is also expected to be tar sealed from Dreketi to Nabouwalu. The Reserve Bank of Fiji has stated that the expansion in the mining and...
Alecto Minerals plc, the AIM listed multi-commodity exploration and development company with projects in Ethiopia, Mauritania, and an option over a highly prospective bauxite asset in Guinea, announces its audited results for the year ended 31 December 2011 and gives notice of its AGM to be held at the Washington Mayfair Hotel, 5 Curzon Street, London W1J 5HE on 29 June 2012 at 11.00am. The report and accounts have today been sent to shareholders and will be available on the Company's website at www.alectominerals.com. Highlights • Strengthened portfolio through two gold acquisitions offering exposure to prime mineralised regions in Ethiopia. • Planned drilling at Wayu Boda gold licence in Ethiopia for Q3 2012 to advance targets highlighted through artisanal and historical work. •...
Australian Bauxite Limited advises that is has completed a placement of 4.3 million fully paid ordinary shares at $0.39 cents per share to sophisticated, eligible and/or professional investors, as defined under Section 708 of the Corporations Act (Placement). $1.67 million of additional capital was raised to progress the company's drilling and development programs and to provide working capital. State One Stockbroking Ltd facilitated the placement, which was well supported by existing shareholders. ABx will release an updated list of top twenty shareholders as soon as practicable. Settlement of the placement is scheduled to occur on 12 June 2012 and quotation of the new shares is expected to commence on that date. The shares are to be issued in accordance with a resolution passed by...
Indonesia's push for miners to add value through further processing of bauxite and nickel ores has given struggling Australian producers something to smile about. The hope is that Indonesia's push could lead to higher prices for bauxite-alumina and nickel ores as exports from Indonesia are halted or restricted. Indonesia accounts for 15 per cent of world bauxite supply and 23 per cent of nickel supply. The prices for both commodities and alumina have been under severe pressure thanks to global economic uncertainty caused by Europe's debt woes. But Indonesia's value-add actions, initially dismissed in commodity markets as "noise", are starting to have a telling effect. Last week China's biggest aluminium producer Chalco, said it had been forced to slash its annual alumina production...
