What happens when the world’s biggest bauxite supplier produces too much of the one commodity it dominates? Guinea’s bauxite market is offering a striking answer. Record exports have strengthened its position in global trade, but the surge in supply has also pushed prices lower. Australia,...
India’s aluminium recycling sector has matured significantly over the past decade. Secondary aluminium, produced by remelting and refining scrap, now accounts for a growing share of the country’s total aluminium consumption. Recycling aluminium requires up to 95 per cent less energy than smelting...
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Australia’s Metro Mining has secured multi-cargo offtake agreements for bauxite shipments from its Bauxite Hills Mine in Queensland, covering the years 2025 and 2026. The agreements total 6.9 million wet metric tonnes (WMT) in 2025 and 6.1 million WMT in 2026, ensuring a robust demand for its...
Dr Mahamudu Bawumia, the vice-president and flagbearer of the New Patriotic Party (NPP) of Ghana, has recently declared that the development of central railway lines in the country will be key in steering forward the upliftment Ghana needs through bauxite and other mineral mining and...
Metro Mining Limited has yet again achieved a new monthly high shipment by delivering 793,420 tonnes of wet bauxite in October 2024. The shipment volume rose 1.72 per cent month-on-month from 780,000 tonnes and surged year-on-year by 18 per cent. Image Source: LinkedIn (Metro Mining) The...
The Queensland Resources Council (QRC) has welcomed the appointment of Dale Last as Australia's second-largest state Queensland's new Minister for Natural Resources and Mines and Minister for Regional and Rural Development. QRC Chief Executive Officer Janette Hewson extended her congratulations to...
Ministry of Mines, Government of India, has reportedly proposed to lower the benchmark price of bauxite used to calculate the estimated value of resources and premium payable in auctions. The Ministry has put forward this proposal after getting multiple complaints from mining companies that claim...
Mining and aluminium giant Rio Tinto is now focused on getting its Simandou iron ore project in Guinea up and running. Newspapers report that shipments will begin in 2025. Simandou is a huge project that has taken Rio Tinto years to realize. The initial production rate is said to be 120 million...
Metro Mining Limited has reported a standout third-quarter operational update for 2024, marking a record-breaking period for the company's bauxite production. The company achieved quarterly shipments of 2.13 million wet metric tonnes (WMT), a substantial 50 per cent increase over Q2 2024 and a 32...
The European Union (EU) has been actively engaged in the global competition to secure critical minerals and rare earth elements. Despite the aggressive competition worldwide, the EU's efforts to scan every nook and cranny of the globe for these essential components have been relentless. However,...
Alumina trihydrate (ATH), also known as aluminium hydroxide — chemical formula Al(OH)3, has a vast market potential ahead. The element, which is derived during the refinement of bauxite through the Bayer process, is majorly known for its flame retarding property. Image Source: Anglo Pacific...
Professor Aaron Mike Oquaye, a former Speaker of Ghana's Parliament, has encouraged leaders to explore the natural resources of Africa, i.e. bauxite reserve, timber, manganese, gold, diamond, cocoa and oil resources at the Second General Assembly of the Conference of Speakers and Presidents of...
The bauxite mining subsidiary of one of the leading aluminium producers recently announced the suspension of its bauxite export operations from Port Kamsar (GNKMR). However, there has been no official justification for the move. How can it impact the Guinean workforce? Despite possessing the...
West Africa, led by Guinea, is rapidly becoming a key supplier of bulk cargo for the Capesize shipping trades, bolstered by China's expanding electric vehicle (EV) industry. With Capesize and larger shipments from the region rising at an annual rate of 19.6 per cent since 2018, analysts at broker...
The Maritime Safety Authority of Fiji (MSAF) has confirmed that the removal of two derelict bauxite vessels from the Naiviqiri jetty in Bua is set to take place soon. MSAF Chief Executive Joeli Cawaki shared this update with FBC News, noting that the vessels are among those prioritised for removal...
Shanxi Coking Coal Energy Group Co., Ltd. has announced a major acquisition, securing prospecting rights for coal and bauxite resources in the city of Lvliang. The deal, valued at RMB 24.7 billion ($3.46 billion), represents a significant expansion of the company's resource portfolio. The...
Montenegro has consented to a concession contract with Novi Boksiti, a metal ore mining company in Niksic, over intricate geological probes and exploitation of red bauxite in the western municipality of Niksic. Montenegro's Minister of Mining, Oil and Gas, Admir Sahmanovic, worked out and signed...
China’s bauxite imports in September 2024 fell 25.68 per cent month-on-month owing to supply disruptions from Guinea, first due to unfavourable weather conditions but now due to exports being blocked by Guinea’s customs authorities. According to China’s General Administration of Customs, China’s...
This week, the upstream sector of the aluminium industry, comprising bauxite, alumina, and primary aluminium, witnessed some important events. One of the notable events would be the alumina price exceeding the RMB 4500 mark, breaking all the records of the past thirteen years. The alumina prices...
Rio Tinto, a leading global mining group, has announced its production and operational results for the third quarter of 2024 ended September 30. Overall, the company has achieved many new milestones across its operations, including a surge in bauxite production. Overview of bauxite production The...
