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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THE LARGEST aluminium refinery in Europe, Rusal Aughinish on the Shannon estuary, returned to profit last year after sustaining combined pre-tax losses of $63.6 million (€43.7 million) in 2009 and 2008. A spokesman for the company confirmed yesterday that its 2010 accounts are expected to show a “modest level of profitability given the size of the site investment”, when they are finalised. According to spokesman, a 195-acre facility for disposing of bauxite residue from the plant will be completed and commissioned later this month. It will extend the life of the plant to at least 2026. The site will hold up to 18 million tonnes of the waste, known as “red mud”. The existing disposal facility, which holds 23 tonnes of waste, will be full next year. Rusal has been working on the project for...
THE LARGEST aluminium refinery in Europe, Rusal Aughinish on the Shannon estuary, returned to profit last year after sustaining combined pre-tax losses of $63.6 million (€43.7 million) in 2009 and 2008. A spokesman for the company confirmed yesterday that its 2010 accounts are expected to show a “modest level of profitability given the size of the site investment”, when they are finalised. According to spokesman, a 195-acre facility for disposing of bauxite residue from the plant will be completed and commissioned later this month. It will extend the life of the plant to at least 2026. The site will hold up to 18 million tonnes of the waste, known as “red mud”. The existing disposal facility, which holds 23 tonnes of waste, will be full next year. Rusal has been working on the project for...
Vedanta Resources PLC's bauxite mining project in eastern India hasn't received environmental clearance, the government said over the weekend. Reacting to a Times of India report that an environment panel has reviewed and cleared the project in Orissa state's remote Niyamgiri hills, India's ministry of environment said that--whatever the panel's recommendations might be--the project hasn't been given approval to cut forests for mining. It added that the ministry of environment has the right to reject any recommendation by the environmental panel. In 2010, the ministry rejected Vedanta's proposal to mine the Niyamgiri hills for supplying bauxite to its alumina refinery in the nearby Lanjigarh town, after vigorous protests by local and international activists who said that the project would...
The Government is conducting an international tender for development rights for bauxite in Aurukun, in Cape York, after Chalco won the original tender but withdrew last year due to the global financial crisis. Chalco had suggested Bowen, in the state's north, would be the most suitable place for the refinery. Mayor Mike Brunker says the Government needs to find new ways to encourage investment in the industry. "I'd hate another company to come along, go through all the same process and then go to Government and say, 'yes well we can't do it here, it's not viable'," he said. "So I've always just thought maybe discounting the front end, which is the low-grade bauxite, to make sure that we do get a refinery in Queensland and those jobs are here." Councillor Brunker says reducing royalties on...
Could Vedanta's aluminium refinery and bauxite mining project be looking at a second lease of life? A sub-committee of the environment ministry has given the go-ahead to mining the Niyamgiri hills, months after Union environment minister Jairam Ramesh had put the refinery project on hold for violation of norms. The sub-committee's nod is only recommendatory in nature and will have to get the approval of the Environmental Appraisal Committee (EAC) and then Ramesh before it turns into a green permit to mine the hills that are home to the Dongriya Kondh tribal group. The EAC, a statutory body under the Environment Protection Act, which reviews all projects, had given the go-ahead to mining bauxite in the Lanjigarh area in 2009. But the decision was challenged in the then operational National...
Negotiations between the Queensland government and Chinese aluminium giant Chalco over a $2.3 billion alumina refinery in the north of the state have broken down, with the Aurukun bauxite leases now set to be put up for sale later this year, according to The Australian Financial Review. According to the newspaper, a refinery is not expected to be a condition of the new tender, but the state government would prefer a "value-add position" rather than a straight sale. Building the refinery, or funding an appropriate alternative, was part of a deal the Chalco signed with the Beatie government in 2007. Queensland Premier Anna Bligh told the company of her government's decision last week while on a trip to China, according to the AFR. Bauxite is the main component of aluminium.
United Co. Rusal, the world’s largest aluminum producer, said it’s in talks with the government of Guinea on terms to develop the Dian Dian bauxite deposit. The African nation’s government plans to introduce new rules on mining concessions, Vladislav Soloviev, first deputy chief executive officer of Moscow-based Rusal, told reporters today. Rusal expects the policy change won’t affect the Dian Dian venture because it isn’t a new project, Soloviev said. “We are ready to start to develop the deposit, but we need to solve the problems with infrastructure and agree on railroad use with the government,” he said.
Sydney, June 28, 2011 (ABN Newswire) - Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) has received laboratory results from drilling at its Guyra project in NSW. 63 holes intersected a thick layer of bauxite located beneath a thin clay horizon, including some exceptionally high grade, thick gibbsite bauxite, ideal as a "sweetener" to any bauxite refinery. Australian Bauxite CEO Ian Levy said; "This is our 2nd discovery of premium quality bauxite concealed under a thin clay layer. We hope to find a lot more. "We may be able to sell large tonnages to bauxite-alumina refineries needing "sweetener" bauxite that processes at low temperature and has very low reactive silica contents. "We've called this bauxite type "Brown Sugar" bauxite - sweet and...
A SYDNEY miner has vowed to steer clear of any conflict with Tableland farmers when it starts exploring land near Herberton for bauxite within the next six months. Queensland Bauxite Ltd owns two tenements about 16km northwest and about 18km south-southeast of the town. Executive chairwoman Pnina "Diamond Rose" Feldman is the sister of mining entrepreneur Joseph Gutnick. Two exploration permits have been granted for a subsidiary of the company Volcan Australia, which reportedly has capitalisation of nearly $1 billion. Ms Feldman said her company hoped to find commercially viable bauxite deposits on the Tableland with a view to starting direct shipping or bauxite mining and export operations in the near-term. "We have historical results that show there is a potential, but that was done in...
ABOUT $30million will circulate in the Northern Division once new investment projects like bauxite mining and wood chip exports in Bua start. This coupled with a good year in sugarcane should boost the Northern Division economy, says Labasa Chamber of Commerce president Ashok Karan. Mr Karan said businesses in the north had dropped and businesses have not been able to sell their products. He said the sugar industry was the main income earner for many in the north and he hoped the wood chip mill at Wairiki and the bauxite mining at Nawailevu, rice farming, the sugar industry and fishing would revive the northern economy.
Mr Oleg Deripaska's Rusal, the world's biggest aluminum producer, has given Rio Tinto food for thought on the future mix of bauxite supplies to their Queensland Alumina Limited JV at Gladstone in Queensland. Rusal has thrown up the potential for Fiji to become a new source of bauxite to cover its needs at the 20% owned operation in which Rio Tinto owns the remaining 80%. In meetings this week with Fiji's Ministry of Lands and Mineral Resources, a Rusal delegation said that the Russian group wanted to explore potential bauxite mining and export opportunities in the country. QAL is now wholly supplied by bauxite from Rio Tinto's Weipa and Ely operations in Queensland with the only other regional choice for Rusal being Rio Tinto's Gove operation in the Northern Territory. Generally, 4 to 6...
Bloomberg reported that Dubai Aluminum Company is seeking to mine bauxite in Guinea in partnership with BHP Billiton Limited as well as sourcing the raw material from Cameroon and India. Mr Sultan Al Sabri GM of marketing and sales said that “One of our projects is in Guinea together with BHP Billiton. We’re looking at Cameroon. Talks in Orissa, India, didn’t really move forward much because of lack of support from local officials.” Mr Bill Campbell CFO of Dubai Aluminum said that the company’s Emirates Aluminum Company JV with Abu Dhabi state run investor Mubadala Development Company will double annual capacity to 1.5 million tonnes by March 2015. He said that aluminum producers are seeking to secure sources of raw materials as costs increase, squeezing margins. Gulf States also aim to...
Bhubaneswar: Vedanta Aluminium Limited, a subsidiary of London stock exchange listed Vedanta Resources Plc, created a new national record at Kandla Port in bauxite loading. The company achieved this feat along with the handling agent SVCT Pvt. Ltd. The new record was created when 36400 MT bauxite ore loading was accomplished in a single day and 45500 MT in 36 hours by loading v ROSITA on 27th May, 2011 which is a new record for bauxite ore loading in any of the Indian ports. “Vedanta is coming in a big way with more vessels and talking the challenges to break its own record,” said Vedanta officials. Mr. HC Venkatesh Traffic manager, Kandla Port Trust conveyed his greetings to the Vedanta management on such marvelous performance.
Dubai Aluminium Co., the developer of the world’s largest smelter of the metal, is seeking to mine bauxite in Guinea in partnership with BHP Billiton Ltd., as well as sourcing the raw material from Cameroon and India. “One of our projects is in Guinea together with BHP Billiton,” Sultan Al Sabri, general manager of marketing and sales, said in Barcelona today. “We’re looking at Cameroon.” Talks in Orissa, India, “didn’t really move forward much because of lack of support from local officials,” he said. The company’s Emirates Aluminium Co. joint venture with Abu Dhabi state-run investor Mubadala Development Co. will double annual capacity to 1.5 million metric tons by March 2015, Chief Financial Officer Bill Campbell said in an interview. Aluminum producers are seeking to secure sources of...
Bauxite Resources (ASX: BAU) has received a $9 million reimbursement from joint venture partner Yankuang Group Corporation in accordance with bauxite refinery and bauxite resource agreements signed in January this year. The payment to Bauxite Resources covers three separate reimbursable amounts due in the June quarter. The final reimbursement will give Yankuang a 70% stake in the bauxite rights for the joint venture tenements, both pending and granted, held by Bauxite Resources in the Darling Range of Western Australia.
Dubai Aluminium Co., the developer of the world’s largest smelter of the metal, is seeking to mine bauxite in Guinea in partnership with BHP Billiton Ltd., as well as sourcing the raw material from Cameroon and India. “One of our projects is in Guinea together with BHP Billiton,” Sultan Al Sabri, general manager of marketing and sales, said in Barcelona today. “We’re looking at Cameroon.” Talks in Orissa, India, “didn’t really move forward much because of lack of support from local officials,” he said. The company’s Emirates Aluminium Co. joint venture with Abu Dhabi state-run investor Mubadala Development Co. will double annual capacity to 1.5 million metric tons by March 2015, Chief Financial Officer Bill Campbell said in an interview. Aluminum producers are seeking to secure sources of...
Less than eight months after putting a blanket ban on a capacity expansion programme by Vedanta Aluminum at Lanjigarh in Orissa, the Union Ministry of Environment and Forests has cleared antipollution measures taken by the metals major. A team comprising officials from the ministry and the Orissa State Pollution Control Board visited Vedanta Aluminums refinery at Lanjigarh to inspect the impact from the alleged leakage in an effluent pond after concerns were raised by prominent activist groups such as Amnesty International and other local groups. The team that inspected the unit said Vedanta Aluminum has implemented environmental practices. The unit is complying with most of the conditions of the (pollution control) board in respect of air and water pollution and has taken steps to make...
Vedanta Aluminium Ltd (VAL), a unit of Anil Agarwal-led Vedanta Resources PLC, will invest about Rs 10,000 crore to complete its aluminium smelter and independent power plants at Jharsuguda. The company has so far invested around Rs 40,000-crore in its Lanjigarh and Jharsuguda projects in Orissa. It has set up a greenfield alumina refinery with a capacity of 1-million tons at Lanjigarh in Kalahandi. "We have so far invested around Rs 40,000-crore in Orissa and will invest about Rs 10,000 crore to complete the ongoing smelter and powr projects at Jharsuguda", VAL president and CEO, Dr Mukesh Kumar on Sunday told "The ET" over telephone from Lanjigarh. Incidentally, VAL had lined up investment of Rs one lakh crore its Orissa including the Vedanta University at Puri and expansion of...
