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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Metro Mining Limited has signed a binding terms with its barging and transhipping partner, Transhipment Services Australia (TSA) for a floating crane barge at the Bauxite Hills Mine. The floating crane barge, which has been newly built and commissioned, will start operational in the 4th quarter of 2021. Metro Mining Managing Director and CEO Mr Simon Wensley said: “Metro is pleased to have reached agreement with TSA for a floating crane barge to be added to the marine fleet servicing the Bauxite Hills Mine. Reducing shipping costs has been one of the major focus points for the incoming management team and conversion to Capesize vessels will significantly mitigate the risk that current ocean freight rates present. Metro greatly appreciates the initiative and support of TSA in helping to...
Lindian Resources Limited has in excess of one billion tonnes of bauxite resources in the Republic of Guinea, which the company is contemplating to turn into production. Guinea is the world’s second-largest bauxite producer after Australia and the leading supplier of bauxite ore into China. In 2020, Guinea exported 83 million tonnes of bauxite, an increase of 388 per cent from 2014. According to Asimwe Kabunga, chairman of Lindian, the company could play a major role in the global aluminium supply chain for many years in the future. He said, “We are really excited, we think we have a huge opportunity here. With more than one billion tonnes of bauxite, it is a very long-term proposition.” “All three of our projects have JORC resources, there is no more drilling to be done - unless we wish...
The global car manufacturing companies are required to do more to address the exploitation of human resources in their aluminium supply chains and the bauxite mines, including the destruction of farmland, damage to water sources and excessive greenhouse gas emissions that affect communities in Africa, Asia and South America they source from, as reported by Human Rights Watch and Inclusive Development International. In 2019, the carmakers used nearly a fifth of all aluminium consumed worldwide, while it is predicted by 2050 the consumption of aluminium will double in volume, as the car industry’s transitions to electric vehicles. The 63-page report “Aluminium: The Car Industry’s Blind Spot – Why Car Companies Should Address the Human Rights Impact of Aluminium Production,” chronicles the...
The Brisbane based Australian exploration and mining company, Metro Mining (MMI) stood short of capital raise by around $8.64 million in the retail segment of a $25.5 million capital raising plan. The Bauxite Hills flagship project operating company planned to raise just over $15 million from retail investors through a one-for-one entitlement offer, but on 21st July 2021, Metro Mining said that investors subscribed for just under $6.5 million worth of shares. However, the mining company revealed that initial applications under the offer came in at $4.2 million, with another $2.29 million raised under a top-up facility as part of the capital-raising plan. Metro Mining has successfully raised around $17 million of its planned total, apace an institutional placement and entitlement offer...
Rio Tinto announced its bauxite production results for the second quarter of 2021. The output was down by 6% year-on-year due to ongoing system instability following severe wet weather in Eastern Australia in the first quarter. The second quarter bauxite production came in at 13.7 million tonnes. The output was up by 1%quarter-on-quarter. “The non-managed CBG joint venture in Guinea experienced shipping constraints, which was partly offset by higher production from the Porto Trombetas (MRN) joint venture in Brazil,” Rio Tinto said. In the first half of 2021, Rio Tinto produced 27.264 million tonnes of bauxite. That was down by 4% year-on-year. Rio Tinto shipped 9.493 million tonnes of bauxite to third parties in the second quarter. That was a drop of 11% than the same period of 2020. On a...
After a month-long restraint, bauxite (4.5≤Al/Si＜5.5) Henan price has increased by RMB 27.50 per tonne to stand at RMB 387.50 per tonne as of Monday, July 12, found the Shanghai Metals Market. The average prices are expected to range between RMB 365-410 per tonne. Among other primary aluminium input costs, caustic soda (32% concentration) Shandong price has grown by RMB 15 per tonne to RMB 540 per tonne and aluminium powder price has inched up by RMB 0.20 per kg to come in at RMB 22.55 per kg. Amid the uptrend in raw materials prices, A00 aluminium ingot price in China has opened the week with a surge of RMB 210 per tonne, marking the second consecutive day of hike. According to SMM, this has brought the primary aluminium ingot price to RMB 19,060 per tonne, with average prices expected...
On 11th July 2021, Emirates Global Aluminium earmarked the 100th shipload of bauxite exported from Guinea, since the company’s initiation in August 2019 from its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation. The UAE based aluminium company, EGA uses Capesize vessels to transport much of its bauxite ore, as Capesize vessels are up to 300 metres long, which is more than the length of two football fields and 50 metres wide, while they can carry around 180,000 tonnes of bauxite ore. EGA has exported over 16.4 million dry metric tonnes of bauxite from Guinea so far in total and that could fill Wembley Stadium in London more than nine times. The quantity of bauxite exported from GAC so far would be enough to produce over three million tonnes of aluminium, which adequate to...
The Australian exploration and mining company Metro Mining (MMI) has signed two binding spot cargo agreements with Shanxi Liulin Senze Aluminium Company of China. The two cargo agreements are for around 60,000 wet metric tonnes (WMT) from Metro’s flagship project, the Bauxite Hills Mine, located in the Western Cape York in Queensland. Shanxi Senze is a subsidiary of Senze Energy Group which produces alumina at its plant in Shanxi province and feeds the Chinese domestic market and also exports. The alumina refinery in Shanxi province has a production capacity of 1.3 million tonnes, and it requires around three million dry metric tonnes of bauxite every year. Shanxi Senze distinctively looking towards a partial replacement of its historical supply of domestic bauxite with international...
Australian exploration and mining company, Metro Mining has appointed Simon Wensley as the new Managing Director and CEO. Chief Executive Officer and Managing Director Simon Finnis have stepped down from his role effective 5th July 2021 following six and a half years in the position. Simon Wensley is carrying over three decades of experience in metals and mining, majorly with Rio Tinto as CCO of its energy group, and Managing Director of the bauxite, alumina sales, and marketing division. Metro Mining said: “Simon Finnis would assist in the transition to Mr. Wensley on an advisory basis over the next 12 months.” Metro’s appointment of Simon Wensley comes up with a base salary of $540k, which will be to be reviewed each year. The mining company has revealed that Wensley will receive 80% of...
The metal aluminium does not exist in a pure state in nature and it begins with bauxite ore exploration then processing to alumina, which further transforms to aluminium. Canada is ranked among the top global primary aluminium producers. There are 10 primary aluminium smelters in Canada, one is located in Kitimat, British Columbia, and the other nine are in Quebec. There is also one alumina refinery, located in Jonquière, Quebec, while bauxite mining does happen in Canada. The Northern American nation recorded 93,22,121 tonnes of bauxite importation during 2018-20 and the revenue expended for the import of bauxite was accounted for $477.77 million. In 2018, bauxite importation in Canada was registered 20,77,246 tonnes and the expenditure remained at $111.32 million, whereas, in 2019 the...
The Australian exploration and mining company, Metro Mining Limited based in Brisbane, Queensland has floated a $25.5 million equity raise incorporating an arrangement and a pro-rata accelerated non-renounceable entitlement offer. As per the information, approx. 1.6 million shares will be issued at 1.6 cents which represents a 42.86% discount to the last closing price of Metro's shares on 24th May 2021 and a 63.88% discount to the 30-day volume-weighted average price. The arrangement will raise $3.3 million and the one-for-one entitlement offer will raise to $22.2 million. The company's largest shareholder, Greenstone significantly has obligated to take up its consistent interest in the placement and its entitlement under the entitlement offer by investing up to $5 million. Additionally,...
The innovative business by Australian Bauxite Limited, which has developed new technologies to improve bauxite application across the aluminium, cement and fertiliser industries has shown the intent of another new and larger bauxite mine at Fingal Rail, near Conara in Tasmania. Since 2015, the bauxite mining company has supplied commodities to the fertiliser and cement industries from its Bald Hill Mine site, near Campbell Town. On 23rd June 2021, Ian Levy, the CEO and Managing Director of the company while displaying a presentation for the Gold Coast Investment Showcase investor event, said: “The company's focus in 2021-22 would include a new long-term mine in Tasmania to produce cement-grade bauxite.” The company is seeking a mining lease from the state government for Fingal Rail. The...
Indian Industrial Value Chain Collective (IIVCC), a group representing organisations involved in the industrial production and consumption supply chain activities across India, released data on Tuesday, June 22, indicating India’s loss from bauxite import activities. In Q1 2021, the country witnessed a loss of INR 390 crore ($51.97), which otherwise should have belonged to the people of India, particularly to the participants in the value chain of extraction, transportation, processing, and supply of bauxite. This proves that despite the devastating second wave of COVID-19 hitting the country and industries hard, raw material sufficiency continues to be a burning need for the domestic aluminium industry. Commenting on the situation, Abhay Raj Mishra, member of Indian Industrial Value...
The world bauxite market this week during May 14-18 witnessed a myriad of events starting from Compagnie des Bauxites de Guinée’s (CBG) official launch of new visual identity to the appointment of André Henry by Canyon Resources Limited as Director of Port and Rail for Camalco SA. Compagnie des Bauxites de Guinée (CBG), the largest single producer of bauxite in the world, declared the official launch of its new visual identity. It was emphasised by the projection of an institutional video, which explained “How the CBG does much more than bauxite, and how it is the most Guinean of the mining companies in Guinea.” The launch event was attended by the directors of the company, major players of the Guinean mining world, several diplomats, the Guinean media and also representatives of the...
The JV between DADA Holdings and Enervoxa, ElementUS Minerals LLC has appointed Joseph Carrabba as its Chief Executive Officer. ElementUS is developing a processing plant in Gramercy, Louisiana that will extract highly strategic rare earth elements and other crucial minerals from residual bauxite. Mr Carrabba carries over 30 years of executive experience in the natural resources and metals industries. He spent over 20 years in executive leadership at Rio Tinto, holding positions in its North American, Australian, Asian and European operations. Carrabba left Rio Tinto to assume the role of Chairman, President, and CEO of Cliffs Natural Resources, Inc. from 2005 to 2013. In the most recent, Joseph Carrabba has held the role of Executive Chairman at Winston Gold and has served as a director...
Guinea, known for having the world’s largest bauxite reserves, is set to expand production after the Societe Miniere de Boke’s (SMB) railway project is complete linking Santou II and Houda blocks to the Port of Dapilon. The railway project has been inaugurated on Wednesday, June 16, whereby Guinea’s Mining Minister Abdoulaye Magassouba said the West African nation granted SMB a concession allowing it to build and operate the 135-kilometer (84-mile) railway for 33 years before returning it to the state. Most of the new bauxite production in Guinea will go to China, which last year was the biggest buyer of bauxite from Guinea. This comes as good news for Guinea’s finances and that the African Development Bank forecasts Guinea’s current account deficit and budget gap to shrink in 2022....
Ukraine imported 2.185 million tonnes of aluminium ores and concentrate (bauxite) in the first five months of 2021. That marked an increase of 12.3% compared to the same period last year, according to statistics released by the State Customs Service. Bauxite imports in monetary terms rose to $99.393 million January-May, a hike of 16.8%. Guinea, Brazil and Ghana were the leading exporters of bauxite in the first five months of 2021. Guinea exported 60.15% of total supplies in monetary terms, followed by Brazil 22.26% and Ghana 16.31%. Ukraine re-exported 94 tonnes of bauxite to Poland for $19,000 in January-May 2021. Ukraine re-exported to Poland (84.21%) and Germany (15.79%).
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources Limited has appointed André Henry as Director of Port and Rail, for Camalco SA. Camalco SA is the 100% owned Cameroonian entity that holds the authorizations for Canyon Resources Minim Martap Bauxite Project in Cameroon, counted as one of the highest-grade bauxite deposits globally. André has been consulting to Canyon for the last 6 months. André Henry, as Director of Port and Rail, joins Camalco Director-General Rick Smith in Cameroon, and, upon an invitation from Camrail, is based in the Camrail office near the port of Douala. Lately, André and Rick both held senior management positions in the construction of the $1.4 billion GAC bauxite project in Guinea. In conjunction with Camalco’s technical...
