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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Cape Alumina Limited announced that it had finalized access agreements with Western Cape York Aboriginal land owners in the Company’s proposed Bauxite Hills mine and port project area, clearing the way for a large scale exploration and drilling program to begin later this year. Exploration Consent and the Conduct and Compensation Agreements were signed between Cape Alumina and the Apudthama Land Trust in Bamaga, Cape York Peninsula, Queensland late last week. These were the final access agreements required for the project’s exploration and drilling phase, which is on track to commence during the 2011 dry season. The Bauxite Hills project area is 95 kilometers north of Weipa on Queensland’s Cape York Peninsula and 5 kilometers South East of the port at Skardon River. A concept study...
LONDON -- U.K.-listed, India-focused Vedanta Resources PLC aims to purchase a 58.5% stake in Cairn India Ltd. following its recent stake purchases in the Indian gas and oil explorer, Vedanta's chief executive said Thursday. Under the present situation, having acquired 18.5% through Vedantas Sesa Goa Ltd. unit, and taking into account a minimum requirement to purchase a 40% stake in Cairn India from its parent Cairn Energy PLC, that will bring the total to 58.5%, said M.S. Mehta said in a conference call with journalists.
ASX-listed Cape Alumina has finalised agreements with the Cape York Aboriginal land owners for the proposed Bauxite Hills mine and port project, in Queensland, clearing the way for a large-scale exploration and drilling programme to start later this year. The bauxite developer said on Thursday that exploration consent and compensation agreements were signed between the company and the Apudthama Land Trust late last week. Acting CEO Neville Conway noted that these agreements were a “major milestone” in the project’s development, and was further evidence of the positive relationship that existed between Cape Alumina and the Aboriginal people of western Cape York. “We are extremely pleased that these agreements with the Apudthama Land Trust have been finalised and that the Bauxite Hills...
NEW DELHI: The Prime Minister's Office (PMO) has asked for a review of Vedanta .s track record in the country's mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay the controversial transaction that was announced in August last year. At 10:05 am, shares of Cairn India were trading 1.67% down at Rs 341 on the Bombay Stock Exchange. The PMO's direction came after Prime Minister Manmohan Singh received a communication from a former civil servant, EAS Sarma, who retired as a secretary to the government of India. Sarma questioned Vedanta's ability in the oil and gas sector and alleged that the company had a controversial track record in the mining and power sector. "Vedanta's track record so far in mining and power sectors has not...
A LARGE-scale bauxite exploration and drilling program will begin north of Weipa later this year after a mining company finalised access agreements with Cape York traditional land owners. The agreement between Cape Alumina Limited and the Apudthama Land Trust was announced yesterday, bringing the Bauxite Hills project one step closer to fruition and potentially bolstering Cairns’ status as a fly-in fly-out hub. While about 1600 people use Cairns as a fly-in fly-out base for mines in Australia and Papua New Guinea already, the new project could increase the number significantly with more than 1000 jobs potentially on offer. Cape Alumina acting chief executive officer Neville Conway told The Cairns Post the agreement was a significant step in establishing the mine and paving the way for...
...Yunnan Aluminum Company Limited, a subsidiary of Yunnan Metallurgical Group, announced that it will purchase a majority stake in Laos based aluminum firm Sino Lao Aluminum Company Limited in order to explore bauxite resources in the country...
...Ord River Resources (ASX: ORD) and China Non-Ferrous Metal Industry’s Foreign Engineering & Construction Co. Ltd (NFC) are looking to IPO their Lao Bauxite/Alumina Project, which could rank it second to Alumina Ltd (ASX: AWC) in size in Australia...
...Perth-based bauxite explorer and developer, Bauxite Resources Ltd (ASX:BAU) is pleased to announce an update to the bauxite resource base in the North Darling Range area...
... A company exploring for bauxite in southern Queensland's South Burnett says its operations will have minimal impact. Queensland Bauxite, owned by Volcan Holdings, has a permit to explore in an area extending from Blackbutt to Childers, near Bundaberg. ...
...UC RUSAL, the Russian firm that controls a big chunk of Jamaica's bauxite production, is insisting that the planned July 1 reopening of the Windalco Kirkvine bauxite plant in Williamsfield, Manchester, remains on schedule...
...Vietnam National Coal and Mineral Industries Group, or Vinacomin, has started sending its workers to Mundikiri Province of Cambodia to explore bauxite. Bui Van Khich, deputy general director of Vinacomin, told the Daily that Cambodian authorities had allowed Vinacomin to carry out a bauxite exploration and exploitation project in Mundikiri. ..
... FIRST BAUXITE CORP. (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) (
... a bauxite mine and an alumina refinery is set to start by 2014. ... When Maaden and Alcoa first announced the project they said the mill ...
...He is an inspiring mountaineer from Rupra, a small pocket in the interior of Kalahandi district of Orissa. This time this mountaineer Jogabyasa Bhoi has aimed to climb to the top of Mt. Everest after conquering the highest peak in South Africa Mt. Khilimanjaro in January 2011...
...National Aluminum Company (Nalco) has planned Rs 700 crore capital expenditure in 2011-12 for expansion of refinery in Orissa and setting up a nuclear power project in Gujarat...
...Orissa Diary reported that hundreds of patients attended a day long free Health Camp organized by Vedanta Aluminum Limited of Lanjigarh at Basantpada area of Lanjigarh Block in Kalahandi district of Orissa on the occasion of World Health Day 2011...
...Ord River is targeting an extensive good quality bauxite resource on the Bolaven Plateau in southern Laos over an aggregate area of 487 km2 and is on track to complete the Feasibility Study by mid-2011...
...GOVERNMENT is expected to issue the bauxite mining lease next week to XINFA Aurum explorations to start work at the site in Bua. The company had received its surface lease last month at Nawailevu Village where the first batch of lease payments was given to landowners...
