International Responsible Business Conduct (IRBC) has completed a project examining aluminium and bauxite supply chains to improve transparency and traceability in materials supporting the renewable energy transition. The project brought together wind energy company Siemens Gamesa, Dutch cable manufacturer TKF, Digital Product Passport (DPP) technology provider Minespider, and project partner Responsible Trade. The initiative mapped selected upstream aluminium and bauxite supply chains and tested secure DPPs to organise and present traceability and sustainability information across multiple supplier tiers. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price...
Mount Ridley Mines has reported 94.9 per cent gallium recovery from a third-party bauxite sample using its patent-pending Selectro process, alongside recoveries of 92 per cent aluminium and 97 per cent iron in a single low-temperature leach. The test also produced a silica-rich residue instead of conventional red mud, highlighting the technology’s potential to recover multiple metals from bauxite through one processing route. The sample was provided by Australian Silica Quartz Group from its Darling Range bauxite project in Western Australia. It comprised material collected from 16 vacuum drill samples across four holes at the Athena and Ceres prospects. Containing 80 parts per million of gallium, the sample yielded an extraction rate of 94.9 per cent into solution. Mount Ridley said this...
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According to the Shanghai Metals Market, Bauxite (6.5≤Al/Si＜7.5) price in Guizhou has jumped by RMB 105 per tonne to reach RMB 475 per tonne on Friday, August 27, found the Shanghai Metals Market. The average prices are expected to range between RMB 450-500 per tonne. Bauxite (6.5≤Al/Si＜7.5) price in Guangxi and bauxite ((6.0≤Al/Si＜7.0) price in Henan have climbed by RMB 55 per tonne and RMB 500 per tonne to settle at RMB 345 per tonne and RMB 570 per tonne, respectively. The average prices are likely to range between RMB 330-360 per tonne and RMB 540-600 per tonne. Among other primary aluminium input costs, aluminium powder price has inched up by RMB 0.10 per kg to close the week at RMB 24.15 per tonne, with average prices likely to range between RMB 24.10-24.20 per kg, learned SMM. A00...
According to the latest data revealed by the US Census Bureau, the United States imported 734,000 tonnes of crude and dried bauxite in the second quarter of 2021. That reflected an increase of 5.61 per cent quarter-on-quarter from 695,000 tonnes and a surge of 103.32 per cent year-on-year from 361,000 tonnes. The total imports in the first half of 2021 (January-June) amounted to 1.43 million tonnes, up by 99.16 per cent year-on-year from 718,000 tonnes. Jamaica continued to be the main exporter of crude and dried bauxite to the United States, supplying 633,000 tonnes in Q2 2021. That, however, registered a decrease of 6,000 tonnes or 1 per cent from 639,000 tonnes in Q1 2021 and a plunge of 13 per cent from 728,000 tonnes in Q4 2020. On a year-on-year basis, the United States’ bauxite...
The Australian Securities Exchange-listed mining company, Canyon Resources Limited has declared the enforcement of a Strategic Partnership Agreement and MOU for the Minim Martap Bauxite Project in Cameroon with Zhongye Changtian International Engineering Corporation of MCC (MCC-CIE), the mining engineering division of global mining giant Metallurgical Corporation of China (MCC). The agreement undertakes the awarding of the bankable feasibility study (BFS) contract for the development of Stage 1 of the Project to MCC-CIE in December 2020. MCC-CIE is part of MCC, a 100% owned subsidiary of China’s Minmetals Corporation. MCC-CIE is one of China’s leading engineering, procurement and construction companies and works extensively with foremost banks in China. MCC-CIE has been the principal...
According to the Shanghai Metals Market data, Bauxite (4.5≤Al/Si＜5.5) price in Henan has soared by RMB 60 per tonne after remaining restrained at RMB 430 per tonne since July 29. As of Tuesday, August 24, the hike has brought the price to RMB 490 per tonne, with average prices expected to range between RMB 480-500 per tonne. Bauxite (4.5≤Al/Si＜5.5) price in Shanxi has also witnessed a rise of RMB 12.50 per tonne to come in at RMB 417.50 per tonne as of August 24. The average prices are likely to range between RMB 390-445 per tonne, found SMM. Average alumina spot price in China has jumped by RMB 31 per tonne after remaining restrained at RMB 2,667 per tonne from August 20-23. So, according to SMM, alumina price has come in at RMB 2,698 per tonne as of Tuesday, August 24. In Guizhou,...
The London, England headquartered data analytics and consulting company, GlobalData’s research unveils that the rise in bauxite production from mines in Australia (+4.1%) and Guinea (+3.6%) is anticipated to propel upswing in global production by 3.8% in 2021 to 372.8 million tonnes. The resilient outlook follows a pandemic confronted 2020 that still stirred out 1.2% more bauxite production at 359.2 million tonnes than in 2019. Vinneth Bajaj, Associate Project Manager, GlobalData, said: “Over the forecast period (2021-2025), global bauxite production is expected to grow at a compound annual growth rate (CAGR) of 2.2% to reach 406,700 tonnes by 2025.” The resumption of operation at Metro Mining’s Bauxite Hills Mine, which remains halted due to wet season, will support Australia’s bauxite...
Odisha is one of the few states in India that adopted online mineral monitoring system and issued e-passes during the COVID-19 pandemic to ensure seamless business activities and movement, pointed out State Minister for Steel and Mines Prafulla Kumar Mallik. The Minister also noted that mineral sector in Odisha was least impacted during the pandemic due to several initiatives by the government. The sincere use of digitisation made it possible to host and participate in webinars like the National metal and mining e-summit 2021 organised by the Indian Chamber of Commerce (ICC). Supporting the fact, Debidutta Biswal, Director Mines, claimed that the digitisation of several mining-related works helped the state manage the business affairs in the best possible way amidst the pandemic. The...
The Department of Mines and Geology, State Government of Andhra Pradesh which is investigating the alleged mining of bauxite by Andru Minerals, has prima facie that the company violated norms to excavate 200,000 tonnes of the mineral through the Mineral Dealer License (MDL) that was secured. However, in 2019, the mining company had shut down its operations at Vanthada village of Prathipadu Mandal in East Godavari district. On 18 th August 2021, Gopal Krishna Dwivedi, Principal Secretary (Mines, Panchayat Raj and Rural Development) and V.G. Venkat Reddy, Director (Mines and Geology) said: “The department was gearing up to levy a penalty on the company for flouting the rules and excavating unaccounted quantity of laterite.” Venkat Reddy added: “During the inquiry initiated following...
The Ghana Bauxite Company (GBC) Ltd. Awaso in the Bibiani-Anhwiaso-Bekwai district in the Western North Region of the country is mounted with tension and disquiet following the decisiveness of pull out by the strategic investor. Bosai Minerals Group from China, the investor which holds an 80% stake in the company, has written to the Government of Ghana concerning its intention to sell its shares and depart. The Chinese mining group has decided to adieu the country apt to the non-renewal of the mining lease of the GBC which expires on 9 th January 2022. <iframe width="500" height="420" src="https://www.youtube.com/embed/iIrljoVB-H8" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture"...
On Tuesday, August 10, Tianshan Aluminum Group Co.,Ltd. announced that it signed a letter of intent with an unnamed Indonesian mining holding company and its controller. According to the letter of intent signed, Tianshan will buy a minimum of 49 per cent of shares of the bauxite company through direct or indirect acquisitions. Tianshan expects this move will help in expanding its cooperation with the mining company in terms of bauxite supply and sales in the future. The Indonesian mining company has a mining area of about 30,000 hectares and owns a total of three bauxite mining certificates issued by Indonesia’s Ministry of Energy and Mineral Resources. Through this acquisition, Tianshan also aims at promoting its overseas business development and enhance core competitiveness, said the...
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon resources is cashed out to headway its optimistic Minim Martap bauxite project following the completion of the first phase of $6.2 million placement. The Australian company has raised more than $ 5.6 million from the issue of 70.48 million new shares priced at 8c each to new and also existing institutional and sophisticated investors while the issue of the remaining 6.77 million shares to non-executive director Peter Su is subject to shareholder approval. Canyon Resources will also use the proceeds to advance strategic projects and off-take discussions, apart from funding the feasibility study. The Central Cameroon located Minim Martap project has a resource of 1 billion tonnes grading 45.3% aluminium oxide...
Fitch Solutions has forecast in its recent industry report that new projects coming online in Guinea, Indonesia, and Australia and ramp-up in Indian and Indonesian output will drive the global bauxite production growth this year after the COVID-19 pandemic in 2020. The American credit rating agency has estimated that new projects in pipeline will underpin the bauxite production growth in Australia, which holds 12 of the 32 new bauxite projects in Fitch’s Key Mines Projects Database, more than any other country. Rio Tinto’s production capacity expansion at the Amrun project will boost the country’s bauxite output over the coming years. The Amrun project achieved its first production in December 2018 and increased operations to the full production rate of 22.8 million tonnes per annum in...
The mining and development of the 100% owned Minim-Martap Bauxite Project, Canyon Resources Limited announced that it has received firm commitments from existing and new institutional and sophisticated investors to raise $6.0m (before costs), via the issue of 77,257,157 new fully paid ordinary shares in Canyon (“New Shares”) at $0.08per New Share (“Placement”). Phillip Gallagher, Managing Director of Canyon Resources commented: “Canyon acknowledges the continued strong support from our existing shareholders, including Major Shareholder, Mr Peter Su. Additionally, we welcome a number of new sophisticated and institutional investors to the Canyon register.” “The Placement will allow Canyon to complete the Feasibility Study and progress the delivery of important agreements required for the...
Bauxite sector saw some of the leading companies like Rusal and Metro Mining announcing their production results. Let’s explore the top stories from bauxite vertical for the week that went by: Rusal announced in its second quarter operating results that its bauxite production stood at 3.836 million tonnes, recording an increase of 0.9 per cent from 3.801 million tonnes in Q1 2021. In H1 2021, Rusal’s bauxite production totalled 7.637 million tonnes, up 2.3 per cent year-on-year from 7.469 million tonnes. To know more: https://www.alcircle.com/news/rusals-bauxite-production-grows-2-3-y-o-y-to-7-637mt-in-1h2021-alumina-output-increases-to-4-102mt-68944 Gangavaram Port in Visakhapatnam, India, the deepest and the most modern port in India, has reportedly discharged 125,380 tonnes of bauxite...
Metro Mining announced production and shipping results for June 2021. Bauxite production was 729,000 wet metric tonnes (WMT) in June quarter, down from 1.419 million tonnes in June quarter 2020. The company’s June quarter bauxite shipments stood at 629,000 WMT. That was down from 1.251 million WMT. Bauxite mined per day was 11,053 WMT. Shipment per day stood at 11,234 WMT in June quarter. “Production and shipping tonnages were less than the comparable quarter in 2020. A decision to reduce production and shipping activity was taken in response to adverse ocean freight rates and macro economic conditions. Poor weather conditions also affected production and shipping activity,” Metro Mining said. Metro Mininf reported sales revenue (gross) of A$31.7 Million and site EBITDA of (A$7.4) Million...
Gangavaram Port in Visakhapatnam, India, the deepest and the most modern port in India, has reportedly discharged 125,380 tonnes of bauxite within 24 hours using the Mechanical Unloading System, the fastest bauxite discharge rate in the history of any port in India and possibly in the world. The vessel M V. Berge Apo, carrying 165,598 tonnes of bauxite, was berthed at the port on account of M/S Vedanta Limited. So, the latter has expressed gratitude and appreciated the port management and staff who helped achieve the milestone. Besides, the port has recorded another milestone by achieving the highest loading in difficult grade of Iron Ore Fines Speaking on the occasion Gangavaram Port management said, “We are extremely delighted at this dual achievement by our team. The record discharge...
The Bauxite (4.5≤Al/Si＜5.5) price in Henan stood at RMB 430 per tonne on Thursday, 29 July 2021, an increase of RMB 42.5 per tonne after remaining restrained since July 12. The average price is expected to range between RMB 400-460 per tonne. Prices of bauxite remain unchanged in all the three major China markets (Shanxi, Guangxi and Guizhou). The alumina price in China increased to stand at RMB 2553 per tonne on Thursday, 29 July. The price records a growth of RMB 10 per tonne, as updated by Shanghai Metals Market. Alumina price in Shandong climbed by RMB 30 per tonne to stand at RMB 2560 per tonne. The prices of alumina in Henan and Shanxi China markets stood at RMB 2575 per tonne each, up by RMB 10 per tonne each SMM aluminium ingot price stood higher at RMB 19500 per tonne on...
According to report on Thursday, July 29, bauxite miner Canyon Resources has appointed Foster Stockbroking to manage a $4 million raise for the company. The amount is for funding a feasibility study. As per the report, 8¢ per share or a 14 per cent discount to the last trading price has been offered for the public raise. Bids are due on Thursday, 5 PM. Besides, Canyon Resources has already secured a commitment from existing major shareholder and non-executive director Peter Su, which, however, is subject to shareholder approval. The business has also reserved the right to take oversubscriptions. Canyon Resources’ flagship project is located in Cameroon, West Africa. Its major shareholder is AusGlobal Bauxite, which holds 9 per cent of the company.
On Tuesday, July 27, Rusal announced in its second quarter operating results that its bauxite production stood at 3.836 million tonnes, recording an increase of 0.9 per cent from 3.801 million tonnes in Q1 2021. In H1 2021, Rusal’s bauxite production totalled 7.637 million tonnes, up 2.3 per cent year-on-year from 7.469 million tonnes. Rusal’s bauxite mines in Guinea contributed 1.817 million tonnes to the total production in Q2 2021, while the mines in Russia produced 1.511 million tonnes. In H1, Russian mines’ production amounted to 2.728 million tonnes, down by 0.48 per cent from 2.741 million tonnes a year ago. Mines in Guinea churned out 3.842 million tonnes of bauxite in H1 2021 compared to 3.684 million tonnes last year. Windalco in Jamaica produced 507,000 tonnes of bauxite in Q2...
