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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Guinea's military leadership has introduced a draft constitution to reduce presidential terms and limit the number of terms a president can serve the West African nation with the world's largest bauxite reserves on record. The proposed changes, announced by Jean-Paul Kotembedouno, spokesperson for...
Canyon Resources Limited has formally signed a mining convention for the Minim-Martap Bauxite Project in Cameroon. This pivotal agreement grants Canyon's subsidiary, Camalco Cameroun SA, the right to mine and export bauxite contingent upon the issuing of a mining permit for the project area. The...
Saudi Arabia’s mining sector is on the cusp of a transformative era, with the Kingdom determined to become a global leader in the industry. Saudi Arabia is rich in minerals essential for various global industries. The Kingdom is transitioning into a leading exporter of diverse energy types, moving...
The Planning Institute of Jamaica's 2023 Economic and Social Survey reveals that the local bauxite sector almost doubled its output last year, significantly contributing to an 86.8 per cent growth in the mining and quarrying industry compared to 2022. This recent edition of the survey, tabled in...
The Government of Ghana, through the Ministry of Lands and Natural Resources, has presented mining lease agreements for bauxite and lithium to Parliament for consideration. The Ministry submitted a lease agreement with Ashanti Bauxite Limited Company to mine bauxite in the Nyinahini Block 2 Area in...
During this week's Noosa Mining Investment Conference in Queensland, the Australian mining and exploration company Metro Mining will showcase the ongoing acceleration of operations at its Bauxite Hills Mine, situated north of Weipa. Commencing mining activities at the expansive 1,900 km 2 project...
China’s bauxite imports in May 2024, following a peak in April, reversed and stood below 14 million tonnes. According to China customs data, the country imported 13.549 million tonnes, registering a month-on-month decline of 4.84 per cent from 14.2376 million tonnes and year-on-year fall of 4.63...
The United States has initiated discussions with Indonesia about joining a multinational partnership to improve Southeast Asia's environmental standards. Jose Fernandez, the U.S. Under Secretary of State for Economic Growth, Energy, and the Environment, disclosed the proposal during his recent...
Indonesia’s Ministry of Energy and Mineral Resources (ESDM) said it would possibly ease some restrictions on bauxite ore exports, according to statements from ministry spokesperson Agus Cahyono Adi. This proposition followed discussions between ESDM Minister Arifin Tasrif and members of Commission...
Funds management giant Regal is actively seeking investors for a substantial $20 million capital-raising effort to acquire a royalty over a bauxite operation in Northern Queensland, according to sources close to the deal. Regal Funds Management, established in 2004, is one of Australia's most...
According to Fastmarkets report, the Indonesian government is planning to ease the bauxite export ban due to slower-than-expected progress in developing domestic alumina refineries. Indonesia ranks among the world's largest bauxite suppliers, with China as a significant consumer. The ban announced...
South32's Boddington bauxite mine expansion in Australia, which aims to extend the Worsley alumina refinery's operations for an additional 15 years, has secured support from the Environmental Protection Authority (EPA), albeit with conditions. The alumina refinery, the second-largest alumina...
Singapore-based Winning International Group, a renowned Chinese Capesize specialist, is set to enhance its seaborne trade from West Africa to China with a significant new order. The company has commissioned six very large ore carriers (VLOCs) at an estimated total cost of nearly $700 million, a...
Metro Mining Limited has announced a new shipment record for the second quarter of the calendar year, reaching 1.42 million WMT (wet metric tonnes). This represents a 12 per cent increase compared to Q2 2023. Year to date, the total shipments stand at 1.50 million WMT. Additionally, Q2 2024 has...
Capesize rates have recently surged past the $30,000 a day mark, largely driven by record-breaking bauxite shipments from West Africa to China. Bauxite, the primary source of aluminium, is a significant minor bulk commodity typically transported on Capesize vessels. According to the US Geological...
On June 15th, over 30 employees from the SMB-Winning Consortium in Guinea embarked on an extensive study and exchange program at China Hongqiao Group. The visit began with a heartfelt welcome from Guo Cuihua, the Director of Human Resources at China Hongqiao. She warmly conveyed the significance of...
CSI Mining Services, a Mineral Resources Limited (MinRes) subsidiary, has initiated the transport of bauxite ore for Rio Tinto's Weipa operations in northern Queensland. Recognised as a leader in pit-to-ship solutions, CSI Mining Services specialises in innovative crushing, screening, and...
In a collective decision, the Parliament of Ghana has approved a mining lease for the Ghana Bauxite Company, granting it the rights to mine bauxite in Awaso, located within the Bibiani Anhwiaso Bekwai Municipality of the Western North Region. This decision came after a comprehensive report was...
