Ghana has stepped up efforts to attract Australian investment into its growing critical minerals sector, pitching the country as a stable and reform-driven destination for mining and value-added mineral development at the 2026 Africa Down Under (ADU) Summit in Perth. The Ghanaian delegation was led...
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...
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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...
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...
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...
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...
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...
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...
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...
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...
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...
Bauxite company Bosai Minerals Group (Guyana) and workers union NAACIE have agreed on a new Collective Labour Agreement (CLA) which will see employees receiving a 7 percent across-the-board wages and salaries increase and other benefits. A joint statement from the two entities on Friday noted that...
Underperformance in the bauxite sector, which saw shipments drop by 42 percent, translating into a 41 percent fall in revenues, clouded an otherwise rosy outlook. The chamber linked this to "serious challenges" the Ghana Bauxite Company faced in transporting ore from its mine site to the port, some...
Initial results from Cape Alumina Limited’s (ASX code: CBX) drilling program at the Bauxite Hills project area have boosted the company’s confidence in the project’s long-term prospects. The Bauxite Hills project area is 95 kilometres north of Weipa on Queensland’s Cape York Peninsula and five...
Guyana's economy has achieved real economic growth of 5.9 percent in the first half of 2011. Production of bauxite reached a total of 815,505 tonnes at the half year, an increase of 38.6 percent compared to the same period in 2010. The composition of the industry’s output, a higher proportion of...
CHINA has appealed a WTO ruling against its export policy on raw materials such as bauxite and demanded that the trade body overturn part of the ruling. A World Trade Organization legal panel in July ruled that China has broken global trading rules when it limited the exports of several industrial...
The Indian Bureau of Mines (IBM), which promotes scientific and systematic development of mineral resources and its rational use, has cracked the whip against large-scale illegal mining in Raigad district in Western Maharashtra and Nagpur region. The action pertains to violations of provisions of...
Guinea's draft mining code, in which the government plans to more than double its stake in mining projects, has been sent to the country's transitional law-making body for debate and adoption, a member of the council said on Wednesday. "The mining code is currently confidential. We have the next 10...
The Transport Ministry's Directorate for Roads in Viet Nam has submitted a plan to the Government that would upgrade the bauxite transport route at an estimated cost of about VND1.6 trillion (US$76.9 million). "However, the project has been stuck due to a shortage of capital, preventing the Nhan Co...
Aurum Exploration Limited is expected to make it's first bauxite export at the end of this year says Deputy Permanent Secretary for Lands and Mineral Resources Pene Baleinabuli. Baleinabuli told FBC News everything is progressing well and mining in Nawailevu looks promising. Baleinabuli says they...
