China recorded a bauxite price of USD 64 per dry metric tonne (DMT) on a CIF basis in August 2026, while India's quotation stood at USD 73 per DMT on an FOB basis, according to the supplied market assessment. The reported USD 9 difference highlights contrasting price levels across the two markets, although different shipping terms make a direct cost comparison difficult. China's CIF quotation includes freight and insurance, whereas India's FOB price covers the material up to loading at the port. Buyers sourcing bauxite from India therefore need to account for additional shipping costs to determine the final landed price. As a result, the USD 9 difference does not represent the actual gap between the two markets' delivered costs. Freight terms complicate regional bauxite price comparison...
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...
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AUSTRALIA'S summer drenching continues to affect Rio Tinto, which has cut full-year coal, bauxite, alumina and iron ore production guidance as its mines gradually return to full capacity. While the downgrades are not huge, they show that the heavy rains caused more problems than were predicted as late as April, when guidance was given. "Operations largely recovered from the severe weather impacts earlier this year, although some port and rail constraints remained," Rio chief executive Tom Albanese said yesterday. He warned that not all of the commodity price gains of the quarter would flow through to Rio's bottom line when first-half profit was reported next month. "This quarter was also characterised by continued strong prices for most of our metals and minerals, but with worsening...
Newly-appointed tribal affairs minister V Kishore Chandra Deo on Thursday gave a boost to anti-mining activism by vetoing the Posco project in Orissa and also said that bauxite mining cannot be allowed just because the mineral deposits are under the houses of poor tribals. Deo, who as Congress MP successfully lobbied against bauxite mining in his constituency in Vishakhapatnam, hailed the decision to stop Vedanta in Niyamgiri hills and even vetoed Posco in Orissa. "I am thankful to Rahul Gandhi for stopping Vedanta. Niyamgiri hills are sacred for locals and the source of two rivers which pass through my constituency Araku. My people would have suffered if mining was allowed there," he told TOI. Deo's words are set to add to the fresh "development vs welfare" debate, with another minister...
Diversified mining group Rio Tinto’s Australian operations have largely recovered from the floods, which hampered production earlier this year, with the miner on Thursday reporting higher second-quarter iron-ore and coal output. “Operations largely recovered from the severe weather impacts earlier this year, although some port and rail constraints remained,” said CEO Tom Albanese. He noted that the quarter ended June 30 was also characterised by continued strong prices for most of the company’s metals and minerals, but with worsening adverse exchange rates and some input cost pressures. Rio’s global iron-ore production increased to 49-million tons during the quarter, up 12% from the previous comparable quarter, and 17% from the first quarter of the year. The Pilbara mines recovered...
Just about a year after his open support for the Dongaria Kondh tribals in Niyamgiri who are protesting the mining of bauxite by Vedanta Alumina, Congress general secretary Rahul Gandhi on Wednesday lent his support to the people facing displacement by the 12 million tonne Posco project in Orissa’s Jagatsinghpur district. In Niyamgiri last August, Rahul told hundreds of Dongaria Kondhs that he would be their “soldier” in Delhi, couple of days after the then environment minister Jairam Ramesh nixed the bauxite mining project of Vedanta Alumina. On Wednesday, addressing a gathering in the industrial town of Jharsuguda during his two-day tour to Orissa, Rahul’s refrain was justice, proper compensation and rehabilitation for the people affected by the Posco project. “The Congress is with the...
Rio Tinto,in its second-quarter 2011 operations review, reported global iron ore production of 49 million tonnes attributable for the period, which was up 12 percent compared with last year. The company also noted that Mined coppee production was down 24 percent on the 2010 second quarter, mainly reflecting lower grades at Escondida and Kennecott Utah Copper; whereas Bauxite and Aluminium grew by 8 percent and 6 percent on the rain-impacted first quarter as the Queensland operations recovered. Second-quarter 2011 Bauxite production rose by 11 percent versus the same period last year, while alumina and aluminium production were flat, Rio Tinto added.
Guizhou Province is one of the three largest bauxite-rich region of china. This province’s largest bauxite mining and aluminum coal internation project has officially launched recently. It will become the largest modern aluminum industry base in southwest China after been completed. Information from Guizhou Development and Reform Commission shows that after years of exploration and preparation,Wuchuan County’s bauxite advancement project which located in Guizhou core bauxite resources area has officially started. this represent the integration project has taken a substantial step.
Sealing the fate of Vedanta's bauxite mining project in Niyamgiri hills of Orissa, Union environment minister Jairam Ramesh cancelled the environmental clearance as well on Monday. He had rejected the forest clearance in an order in August 2010. Ramesh's decision came after TOI had reported that his ministry's project review arm, the Environment Appraisal Committee, had again recommended the project despite the minister's order stating that the environmental clearance stood 'inoperable' as the forest clearance had been rescinded. The environment ministry is slated to inform the newly set up National Green Tribunal (NGT) of this decision in the on-going case on July 21. The environment ministry accords two types of clearances – one for diversion of forest land and another, an environment...
Treasurer and Minister for State Development and Trade Andrew Fraser has invited people to have their say on the environmental impact statement (EIS) for the South of the Embley bauxite project in Weipa. Mr Fraser said project proponent RTA Weipa Pty Ltd ( RTA ) has plans to expand its mining presence with a new open-cut bauxite mine, processing facilities, barge and ferry terminals, and a new port and stockpile facilities near Boyd Point. “If approved, the estimated $1.45 billion project will provide solid employment opportunities in the region and a welcome boost to the Queensland economy,” Mr Fraser said. “During construction, the project could employ up to 630 workers, with potential for operational employment to increase from 500 to more than 1,200 depending on production. “RTA is...
The crime branch of Goa Police Monday issued fresh summons to a leader of the ruling Nationalist Congress Party (NCP) in connection with a multi-crore bauxite mining scandal, officials said. The summons follows a first information report (FIR) filed by the crime branch in May on the direction of a trial court against NCP leader Jeetendra Deshprabhu, party member Gitesh Naik as well as state mines director Arvind Lolienkar. "We issued summons to Dehsprabhu twice before, but he has not responded. We have given him one more opportunity," a Crime Branch official said. Deshprabhu has already been fined Rs.1.7 crore for carrying out illegal bauxite mining in Korgao village, 30 km from here. Crime branch records show that the contract for extraction of illegal ore was awarded by Deshprabhu to...
Orissa government today decided to ask the Nalco to spend at least Rs 10 crore per annum towards periphery development activities in order to avail the bauxite reserve at Potangi in Koraput district, official sources said. "We have decided to recommend Nalco's name for the bauxite mines at Potangi. However, the company has to spend at least Rs 10 crore towards the corporate social responsibility in the local area," Chief Secretary B K Patnaik told reporters after a meeting. The company has to undertake different welfare and developmental activities in and around the proposed mining area at Potangi, he said. Also read: Mines min for faster clearance to big bauxite projects. Nalco, which has been struggling hard since eight years to avail the mines at Potangi having about 76 million tones...
THE region’s mineral boom continues, with the announcement that bauxite has been found at Guyra. Australian Bauxite chief executive officer Ian Levy said the recent find was the second discovery of the mineral, otherwise known as aluminium ore, in the area around Guyra and Inverell. The recent discovery was made after techniques used to uncover the mineral in the Inverell area were used at sites in Guyra, where it was believed bauxite might be hidden under a cover layer of clay. Mr Levy said that while the discovery of the bauxite was exciting, it was purely a discovery at this point. “A lot more work has to be done before the real potential of the site is known,” he said. “Logistically bauxite is hard to transport. “Before we can head in to a full-scale exploration situation, we would...
A Mines Ministry panel has recommended faster clearance to big bauxite mining projects in the country in the wake of aluminium demand likely to double to 2.8 million tonnes over the next six years. Concerned that deficit of bauxite mining capacity will reach 12 Million tonnes by 2016-17 from the present 2 MT, the panel is in favour of expediting clearance to big projects besides promoting domestic recycling facility, a Mines Ministry official told PTI. "A Ministry working group to assess the demand for minerals during the 12th Plan period (2012-17) and its likely growth has recommended faster clearance of big projects besides facilitating bauxite/alumina imports through appropriate duty structure and has also stressed promoting domestic recycling,"the official said. While there are no new...
The Economic Times reports Indian mineral production declined 14.52 percent in April compared to the preceding month due to sharp drop in the output of coal, bauxite and copper, official data showed Monday. Coal production slumped 32.81 percent at 407 lakh tonnes and production of bauxite fell 18.23 percent at 1,041 thousand tonnes in the reporting month, according to data released by the ministry of mines. Production of lead concentrate fell 18.34 percent, magnestie 12.87 percent, copper concentrate 8.56 percent and zinc concentrate 7.86 percent. Mining of gold dropped 1.17 percent while the output of diamond remained unchanged at nine carat.
AURUM Exploration (Fiji) Limited is contracted to dig one million tonnes of bauxite soil from the Nawailevu lands, says the permanent secretary for Mineral Resources, Filimone Kau.,br> "The total volume the contractor is to supply is one million tonnes of bauxite," Mr Kau said. "The tax and concession issues have been resolved and we will be ready to kick start the operation as soon as the equipment is delivered." Mr Kau said the number of shipment would depend on the capacity of the ship. He added that experts to operate the bauxite mining area would be brought in from China while 150 locals would be employed for work on ground level. "No locals have been employed at this stage. The machines are expected to reach our shores by July 16 after which we will be able to start with the...
THE Queensland Government has confirmed it will call an international tender for the development of the Aurukun bauxite resources in western Cape York, effectively snubbing the giant Chinese Aluminium Company (Chalco). Treasurer and Minister for State Development and Trade Andrew Fraser last night confirmed reports in The Courier-Mail that Chalco would not be the preferred developer of the bauxite mine. Chalco had believed it was the frontrunner to develop the leases but during her recent visit to China, Premier Anna Bligh shocked the Chinese by revealing she would seek other bidders for the development of what will be a $1 billion mine. The Treasurer said the original tender in 2005 to 2006 was based on bidders committed to develop the bauxite resource as a bauxite mine as well as a new...
The Saudi Arabian Mining Co (Ma'aden) has received commitment letters to cover the required $1bn commercial bank financing for the development of Ma'aden Bauxite and Alumina Co's bauxite mine and alumina refinery, Saudi Gazette has reported. The period of the loans is 16 years and will be paid in 21 half yearly installments starting from June 30, 2017, Ma'aden said. The bauxite mine and alumina refinery development, with an approximate cost of $3.6bn, comprises the second phase of Ma'aden Alcoa joint venture aluminium project
The Queensland Government will conduct an international tender for the development rights of the Aurukun bauxite in Western Cape York., “The original tender process in 2005-06 was based on bidders committing to develop the bauxite resource as a bauxite mine as well as a new alumina refinery to process that bauxite in Queensland,” QLD minister for state development Andrew Fraser said. Fraser said some companies withdrew because they were unable to meet the development requirements of the new alumina refinery. While Chalco, the world’s second largest aluminium company won the original tender in 2007, after discussions between the miner and the QLD Government, the agreement ended on 30 June last year. He explained that “this was due to the Global Financial Crisis resulting in significant...
Aluminum Corp of China said its discussions over possible development of bauxite resources in Australia had ended and that it would make provisions for impairment on associated expenditures. The Queensland government terminated the discussions, the company said late Sunday, putting an end to what promised to be Chalco's first investment in Australia. Also known as Chalco, the top alumina and aluminium maker of China said it spent about 340 million yuan ($52.6 million) on the project, adding it would evaluate the amount recoverable and make corresponding provisions for impairment. Chalco axed a $2.5 billion agreement in June 2010 to develop a bauxite and alumina operation in Australia as cost estimates rose and commodities demand waned. But the company said it would continue to discuss...
