Russian aluminium producer Rusal has reached an agreement with Ghana's state-owned Ghana Integrated Aluminum Development Corporation (GIADEC) to jointly develop bauxite mining and alumina refining projects, marking a significant step towards expanding the country's domestic aluminium value chain. Under the agreement, the projects will be implemented through two joint ventures in which Rusal will hold majority stakes. The proposed developments include bauxite mining operations with annual production capacity of up to 5 million tonnes and an alumina refinery capable of producing 1.2 million tonnes annually. The projects will target the Nyinahin bauxite deposit in southwest Ghana, where estimated resources exceed 100 million tonnes, according to Rusal. The agreement was announced during a...
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...
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The new Mines Bill, which provides for sharing of profits and royalty with project-affected people, is likely to be introduced in the winter session of Parliament, a senior official said. The Bill, earlier supposed to be tabled during the just concluded monsoon session, has not yet been placed before the Cabinet despite the fact that it was approved by a ministerial panel in July. For the non-coal miners, the new law will provide for payment to the displaced an amount equivalent to royalty paid to the state government. The draft bill also proposes to set up a district development fund, where the money accumulated from the 26% profit sharing by coal miners and an amount equivalent to 100% of royalty for non-coal miners, will be deposited and will get spent on local population and area...
Leading ecologist Madhav Gadgil, heading the Western Ghat Expert Ecology Panel (WGEEP) constituted by the ministry of forests and environment (MoEF), in his report, has emphasised that forest land in this densely-forested areas should not be used for mining purposes. In his report, submitted to the MoEF in August this year and accessed by THE Asian Age, the panel had stressed that the sanctioning of large-scale mining leases in these eco-fragile area would destroy the rich bio-diverse eco-system and also jeopardise a wide spectrum of animals living in these forests. In what would bring forth one of the worst ecological disasters was the Maharashtra state government’s decision to grant 49 mining leases to excavate iron and bauxite ore in the eco-fragile area of Sindhudurg. When asked how...
Even if we have three billion tonnes of bauxite reserves, the fact is these resources are still finite. Moreover, the experiences of Vedanta in trying to open bauxite mines in the Niyamgiri hills are, to say the least, disheartening. Former mines minister B K Handique had an occasion to say that “care should be exercised to ensure that the best quality bauxite mineral is not consumed too soon, leaving nothing for our future generation.” Was he not suggesting that we get more focused in prospecting for new deposits within the country and, at the same time, look beyond our shores for bauxite deposits, as we are to lift our aluminium production to five mt by 2015 from 1.6 mt last year? But acquisition of resources abroad is becoming increasingly challenging. This will explain why metal...
By mine output, India is one of the leading producers of metals raw materials. However, the actual impact of Indian commerce on global mining is felt far more widely. Recent Indian mining investment has been broad-based, sizeable and reflects a willingness to invest in early stage and pre-feasibility projects. Hindalco Industries is exploring bauxite deposits in Cameroon with a view to increasing supply to its alumina refineries. There is a lot more to come from India. The money is available, the understanding of where to look for resources is improving and the intent is clear and strong.
Lawmakers in Guinea, the world’s biggest exporter of bauxite, adopted a new mining code that will give the West African nation a 35 percent stake in commodity companies. “The code gives a correction to the old one for Guinea’s interests,” Mines Minister Lamine Fofana told reporters after the policy was approved by members of the National Transitional Council, the country’s legislative body. Investors will have to show feasibility studies before mining concessions are granted, Fofana said in the capital, Conakry, today. “Permit holders must work in transparency,” he said. Guinea, whose President Alpha Conde pledged mining-sector reforms as part of his election campaign last year, holds as much as half of the world’s bauxite reserves, according to the U.S. State Department. Customs duties...
Mr Prabhas Pande former additional director general of Geological Survey of India said that stating that minerals are precious natural resources for any country. The minerals are nonrenewable in nature and limited in quantity. Mr Pande said that "Indians have been familiar with minerals since Harappan days. In India, the per capita consumption of most of the minerals like copper, lead, zinc aluminum and related products is one the lowest in the world. The demand for various metals and minerals will grow four to five times in the next 15 years against the backdrop of globally dwindling and increasingly scarce resources. He said that “Minerals should be looked as potential for income rather than threat. These are vital raw materials for infrastructure, capital goods and basic industries....
Exploration Orbite VSPA Inc.has announced today that it has filed an amended and restated 43-101 compliant technical report relating to its Grande-Vallée property, prepared collectively by Jean-Guy Levaque ing. and Raymond Simoneau ing. MBA, in addition to an amended and restated Annual Information Form for the financial year ended December 31, 2010. The amended technical report replaces the one prepared in March of 2011 and filed on SEDAR on March 16, 2011, and the revised Annual Information Form replaces the one dated May 10, 2011 and filed on SEDAR on June 3, 2011. The technical report and Annual Information Form have been modified as at August 21, 2011 and August 25, 2011, respectively, at the request of the Autorité des marchés financiers, in order to each include a new section...
Residents of Linden are expressing no-confidence in the management of bauxite company BOSAI fulfilling their recent commitment to have two dust collecting units operational by February 2012, saying that they have for many years been living on empty promises. Their claim was valid, according to Regional Chairman Mortimer Mingo who blames the slothfulness of the Chinese company on the deafening silence by key stakeholders, particularly the Environmental Protection Agency.
EXISTING mines will be excised from the proposed Cape York world heritage zone under the Gillard government's revamped strategy to nominate much of the peninsula for listing by 2013. Environment Minister Tony Burke yesterday unveiled the plan to enter on the world heritage register a patchwork of sites, but not the entire landmass at Queensland's northern tip. Existing mines on the peninsula including Rio Tinto Alcan's vast bauxite open-cut at Weipa would continue to operate. But the future of proposed new mines is unclear as influential community leader and activist Noel Pearson slammed as "ridiculous" the possibility the nomination would go through within two years. Reviving the stalled listing process with an injection of $23 million for consultation and land acquisition yesterday, Mr...
BHP Billiton plc (ADR) (NYSE:BBL) moved up 4.26%, to close at $65.79 and its overall traded volume was 1.10M shares in the last trading session. BBL opened the day at $64.69, it made an intraday low of $64.38 and an intraday high of $65.82. The 52-week range of the stock is $57.60 – $86.96. The market capitalization of the company stands at $179.95B and it has 2.74B outstanding shares.BHP Billiton plc is a diversified natural resources company.Company operates aluminium, base metals, and many others.During fiscal 2010, the company produced 13.9 million tonnes of bauxite.
Aluminum producers active in Guinea should meet to discuss the implications of the country's new mining code, a senior executive at Russia's United Co. Rusal PLC (0486.HK) said Thursday. "It's too early to know what the new mining code might mean, but there are some issues that are worrying producers," first deputy CEO Vladislav Soloviev said. "Aluminum producers should get together to discuss how to apply the new code," he added.
Shares in Alumina Limited (ASX:AWC) bounced yesterday after the company said it would increase its dividend. In a half year update to shareholders Alumina said it will pay a fully franked final dividend of 2.8885 cents or 3 US cents per share, up from 2 US cents. The company also stated its Alcoa World Alumina & Chemicals joint venture, of which it has a 40 per cent interest, is forecast to benefit because of price restructures in the industry. Shares in Alumina bounced 3.38 per cent yesterday, ending the day at $1.68.
Alumina Limited (ADR)(NYSE:AWC) fell -3.33%, to close at $6.96 and its overall traded volume was 89,790.00 shares in the last trading session. AWC opened the day at $6.72, it made an intraday low of $6.72 and an intraday high of $6.98. The 52-week range of the stock is $6.49 – $11.46. The market capitalization of the company stands at $4.25B and it has 610.05M outstanding shares. Alumina Limited (Alumina) is an Australia-based company. Alumina is engaged in investing in bauxite mining, alumina refining and selected aluminum smelting operations, through its 40% ownership of Alcoa World Alumina and Chemicals (AWAC). The Company’s partner, Alcoa, owns the remaining 60% of AWAC, and is the manager. The Company’s subsidiaries include Alumina Finance Limited, Alumina Holdings (USA) Inc.,...
Public Administration and Appropriations Committee members have recommended that the finance ministry immediately move to prevent a collapse of Jamaica’s standby agreement with the International Monetary Fund (IMF). The recommendation is contained in a report prepared for consideration by the PAAC after it examined the first supplementary estimates yesterday. In the draft report, which is the subject of contention between the Government and opposition members on the Committee, the Parliamentarians say negotiations will have to be made with the various unions. The committee also noted other impinging variables such as tax reform and pensions will have to be addressed. The PAAC has been advised that there is a reassessment of the IMF Framework Agreement, being worked on by the finance...
More than 600 Lowcountry jobs could be in jeopardy. Alcoa Mt. Holly, the Goose Creek aluminum manufacturer, says its power rates have become too pricey. If they're not lowered, the plant may shut down. Alcoa has been negotiating with Santee Cooper for almost a year to try to come up with a lower cost. Right now the plant is responsible for 640 jobs in the Lowcountry and has hundreds of millions of dollars of economic impact. Inside the Alcoa plant it's a hands-on operation where a variety of products are produced at the aluminum plant and hundreds of people have a hand in the company. Some have been there for more than 30 years. "We want the plant to stay open so we're working hard for it," says Alcoa part operator, James Capers. "We hope we can come to an agreement with Santee Cooper."
Indonesia is considering imposing a tax on exports of mineral ores and concentrates such as nickel, copper and iron ore before their shipment in non-processed form is banned in 2014, Industry Minister Mohamad Hidayat said. A tax would encourage domestic processing of the metals, Hidayat said in Jakarta today. The government is discussing the plan with local administrations, he said, without saying when a tax may be imposed. Indonesia sells all the 15 million tons of bauxite a year it produces a year overseas, daunting investors interested in building alumina plants in the country.
Noranda Aluminum Holding (NYSE: NOR) was upgraded by equities research analysts at Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors on Monday. Shares of Noranda Aluminum Holding opened at 10.26 on Wednesday. Noranda Aluminum Holding has a 52 week low of $7.98 and a 52 week high of $17.82. The stock’s 50-day moving average is $11.6 and its 200-day moving average is $14.09. The company has a market cap of $689.7 million and a price-to-earnings ratio of 4.44. Noranda Aluminum Holding Co. last announced its quarterly results on Wednesday, July 27th. The company reported $0.46 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.42 EPS by $0.04. The company’s quarterly revenue...
A team of experts is expected in Guyana soon to commence building two dust collecting units at the Bosai Minerals Group Guyana Incorporated (BMGGI), which are expected to be operational by February 2012. During a tour of the facility last Friday, Senior Personnel Officer Vance Reid pleaded for the continued patience of Lindeners who have been very tolerant over the years. “We will try our best to give some information as to where we are via the media. The dust collection system will be in place, this is not an idle promise, it is a fact,” Reid said.
