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 data, bauxite (6.5≤Al/Si＜7.5) price in Guizhou has climbed by RMB 10 per tonne to come in at RMB 370 per tonne on Tuesday, June 15. The average prices are expected to range between RMB 340-400 per tonne Bauxite (4.5≤Al/Si＜5.5) price in Henan has grown by RMB 20 per tonne to settle at RMB 360 per tonne, and bauxite (5.5≤Al/Si＜6.5) price in Guangxi has gained RMB 10 per tonne to RMB 230 per tonne. Their average prices are expected to range between RMB 340-380 per tonne and RMB 220-240 per tonne, respectively. Among other primary aluminium input costs, aluminium powder price has inched up by RMB 0.2 per kg to stand at RMB 22.55 per kg as of June 15. The average prices are likely to range between RMB 22.5-22.6 per kg. Amid the bullish input costs, A00...
On 11th June 2021, the largest single producer of bauxite in the world, Compagnie des Bauxites de Guinée (CBG) declared the official launch of its new visual identity. The launch event was witnessed by the directors of the company, major players of the Guinean mining world, several diplomats, the Guinean media and also representatives of the Guinean State. It took place in a hotel complex in Conakry. It was emphasised by the projection of an institutional video, which explains “How the CBG does much more than bauxite, and how it is the most Guinean of the mining companies in Guinea”, as commented by Director General of CBZ, Mr Souleymane Traoré during the intervention of the representative of the Guinean government, and a discussion session with media professionals. Mr Traoré explained:...
The last week saw some of the leading companies announcing new agreement for bauxite supply and submitting the ‘Environmental and Social Impact Assessment’. Let’s explore the top stories covering the downstream products vertical for the week that went by: Metro Mining Limited has signed two new Binding Offtake Agreements with China’s Xinfa Group for a total 7 million dry metric tonne (DMT) of bauxite, aligning with Metro’s Stage 2 expansion plans.The new deal is likelyt to start next year. “Xinfa was Metro’s foundation customer so these latest Agreements are testimony to the extremely strong personal and business partnership that exists between Xinfa and Metro. To know more:...
Compagnie des Bauxites de Guinée (CBG), the world’s leading company in the bauxite sector, has joined Aluminium Stewardship Initiative as a new Production and Transformation member, bringing the total number of ASI members to 174. CBG operates mines in the area of Sangarédi in the north-western part of the Republic of Guinea. It produces and exports over 16 million tonnes of higher-grade bauxite per year to industries like aeronautics, automobile, electricity, packaging, and construction. CBG aligns its practices with some of the highest standards in the world in terms of health, safety, environmental and social standards, notably with those of the International Financial Company (IFC). Since the time CBG started its operations in 1973, it contributed more than US$ 5 billion to the...
Metro Mining Limited has signed two new Binding Offtake Agreements with China’s Xinfa Group for a total 7 million dry metric tonne (DMT) of bauxite, aligning with Metro’s Stage 2 expansion plans. The new deal is likelyt to start next year. Metro Mining Managing Director and CEO Simon Finnis said: “Xinfa was Metro’s foundation customer so these latest Agreements are testimony to the extremely strong personal and business partnership that exists between Xinfa and Metro. It is a relationship we value highly and will always endeavor to support and grow. Importantly, these contracts demonstrate Xinfa’s continued support towards Metro and its strategy around the Stage 2 expansion”. Xinfa is one of the largest integrated aluminium companies in China with significant refining and smelting...
Canyon Resources Limited moves ahead with another milestone development for their Minim Martap Bauxite Project in Cameroon by submitting the ‘Environmental and Social Impact Assessment’ (ESIA) on 1st June 2021 to the Ministry of Mines, Industry and Technological Development (MINMIDT). An Africa-based advisory services firm, ESS (Environmental and Social Sustainability) focused on Health, Safety, Environment and Communities (HSEC) management, managed the development of the ESIA on behalf of, and in collaboration with, Canyon Resources. The ESIA is a crucial section of the mining permit application process and has been undertaken in line with national legislation, the International Finance Corporation (IFC) Performance Standards and other key international standards, frameworks and...
On June 9, 2021, Bauxite (6.5≤Al/Si＜7.5) price in Guangxi, China, has recorded a rise of RMB 15 per tonne after remaining restrained for over a year, found the Shanghai Metals Market. The price has rebounded to RMB 280 per tonne since its last plunge to RMB 265 per tonne on May 26, 2020. The average prices are expected to range between RMB 260-300 per tonne. Bauxite (4.5≤Al/Si＜5.5) price in Shanxi and Henan have increased by RMB 10 per tonne and RMB 7.5 per tonne, respectively, to peg at RMB 405 per tonne and RMB 340 per tonne, as of June 9. Their average prices are expected to range between RMB 380-430 per tonne and RMB 330-350 per tonne, respectively. Imported bauxite price from Indonesia has inched up by US$ 2 per tonne to US$ 53 per tonne, while the prices of other imported bauxites...
The Covid-19 third wave has slow down the economic recovery of Germany at the beginning of 2021. The economy shrank 1.7% in the first quarter compared to the previous three months, according to official data. On the other way, the bauxite importation of the country has revealed better growth from the previous years. The Western European nation booked 4.63 million tonnes of bauxite during 2018-19 and the revenue expended for the import was $172.75 million. The import for 2020 stood at 3.41 million tonnes and the expenditure stood at $117.33. However, when the import volume and expenditure of 2020 gets added with the existing two years, it denotes 8.04 million tonnes and $290.08 million. Dadco Alumina refinery is the major importer of bauxite in Germany for alumina production. The company...
Bauxite market this week saw a few developments such as Ghana’s confirmation on the ongoing process of expanding the existing bauxite mine in Awaso and developing additional mines in Nyinahin and Kyebi. The West African nation Ghana, which ranks as one of the fastest-growing economies in Africa and where bauxite mining keeps on to be the most happening news in the past few months, has confirmed the ongoing process of expanding the existing bauxite mine in Awaso, as well as developing additional mines in Nyinahin and Kyebi. To know more: https://www.alcircle.com/news/ghana-develops-additional-bauxite-mines-in-nyinahin-and-kyebi-says-michael-ansah-66421 Canyon Resources Limited has made public that it has executed a Cahier de Charges, with the State of Cameroon (“Agreement”), in regards to...
The metal aluminium stands as a crucial role player for all the major sectors that will shoulder the Indian economy to reach the goal of $5 trillion. The mammoth mineral resources and their exploitation have always remained as the backbone of the Indian metal sector including downstream production. In addition, to fulfil the surge in demand for these commodities, the mineral sector remarkably stands as a vital contributor to the national economy and also delivers job to more than five crore people attached to direct and indirect employment status. However, if strategically nurtured, the contribution of the mineral sector to the nation’s GDP can be boosted from the current 1.75% to 6%-8%, while the government has envisioned 2.5%. The Govt. of India’s $5 trillion aspiring growth plan...
The Franco-Guinean bauxite tycoon Fadi Wazni chaired SMB-Winning Consortium has been building a railway track for more than 2 years to be used for the exploitation of its mining activities. On 25th May 2021, the first rail link which connects the mining area of Santou to the new river port of Dapilon was carried out, as a curtain-raiser to the official commissioning of this line, announced for 16th June 2021. The 125 km long traditional gauge railway which will be dedicated to the transport of bauxite from Santou (in the Kindia region in north-western Guinea) to the international market via the port of Dapilon, should be subsequently integrated into the Guinean rail network. The construction works initiated in March 2019 and was carried out by the 18th Bureau and 14th Bureau subsidiaries...
The West African nation, Ghana which ranks as one of the fastest-growing economies in Africa and where bauxite mining keeps on to be the most happening news in the past few months, has confirmed the ongoing process of expanding the existing bauxite mine in Awaso, as well as developing additional mines in Nyinahin and Kyebi. On 28th May 2021, during his official visit to a media communication house in Accra, Ghana, Michael Ansah, the Chief Executive Officer of Ghana’s Integrated Aluminium Industry (GIADEC): “The move was part of plans to make the industry the leading Integrated Aluminium Company in Africa.” He further clarified: “In Nyinahin, we can do about 10 million tonnes, five million in Awaso and also about another five million in Kyebi.” “GIADEC had obtained all the prospective...
Canyon Resources Limited has made public that it has executed a Cahier de Charges, with the State of Cameroon (“Agreement”), in regards to the development of the Company’s Minim Martap Project. The Agreement, which was originally proposed by the Ministry of Mines in Cameroon and following negotiation over several crucial points, was finally executed on 17th May 2021, with the Company and the Minister of Mines in Yaounde, the capital of Cameroon. Phillip Gallagher, Canyon’s Managing Director, said: “We are very pleased to have executed the Cahier de Charges with the State of Cameroon. This agreement gives us the confidence of the positive intentions of the Government of Cameroon and provides security and clarity as the Company takes the Minim Martap Project to the next phase.” The key...
The US import of crude and dried bauxite further decreased on quarter and stood at 695,000 tonnes in Q1 2021 ended on March 31, found the Geological Survey data. The import plunged by 82,000 tonnes or 10.55 per cent from 777,000 tonnes in Q4 2020. On the downward part of the world, Australian Bauxite Limited announced that it had raised AUD 3.25 million from new institutional and sophisticated investors and directors through a fully subscribed share placement with attaching options. The United States import of crude and dried bauxite further decreased on quarter and stood at 695,000 tonnes in Q1 2021 ended on March 31, found the Geological Survey data. The import plunged by 82,000 tonnes or 10.55 per cent from 777,000 tonnes in Q4 2020. On a year-on-year calculation, the United States’...
The Government of Jamaica is dedicated towards the collection of approximately $2.8 million that is owed to the Jamaica Bauxite Mining Limited. Jamaica Bauxite Mining Limited (JBM) is a Government-owned Company (a Public body) with a business enterprise mandate. The Company holds 51% equity on behalf of the Government of Jamaica in the bauxite operations of its current partners, New Day Aluminium (Jamaica) Limited. Robert Montague, Minister of Transport and Mining during Sectoral Debate in the House of Representatives said: “Our partners in the New Day plant are behind on some of their commitments. However, these funds belong to the people of Jamaica and we intend to use all legal means to collect them. We have agreements and we have laws and we intend, with the advice of the Attorney...
The Jamaican Minister of Transport and Mining, Robert Montague stated that the government has revised the Cockpit Country mining agreement. As confirmed by the minister, the amendment incorporates the eradication of 6,000 hectares of land, which are adjoining to the Cockpit Country, from the original Special Mining Lease 173 (SML 173). The amendment in the agreement resulted in Special Mining Lease 71 (SML 71), which anticipates additional lands to Noranda Jamaica Bauxite Partners adjacent on the east of where the company is presently mining bauxite, under Special Mining Lease 165 (SML 165). On 26th May 2021, during the 2021/22 Sectoral Debate presentation, the minister said: “By replacing what was removed, we have satisfied not only the provisions of the law but the Establishment...
The United States import of crude and dried bauxite further decreased on quarter and stood at 695,000 tonnes in Q1 2021 ended on March 31, found the Geological Survey data. The import plunged by 82,000 tonnes or 10.55 per cent from 777,000 tonnes in Q4 2020. On a year-on-year calculation, the United States’ crude and dried bauxite imports in Q1 2021 stood 80,000 tonnes or 10.32 per cent lower than 775,000 tonnes. Jamaica supplied 639,000 tonnes of bauxite in the first quarter, remaining the primary exporter to the US. But the export volume decreased 89,000 tonnes or 12.23 per cent from 728,000 tonnes in Q4 2020. However, year-on-year, it represented an increase of 85,000 tonnes or 15.34 per cent from 554,000 tonnes. Turkey emerged as the second-largest exporter of crude and dried bauxite...
On 24 th May 2021, Australian Bauxite Limited announced that it had raised AUD 3.25 million from new institutional and sophisticated investors and directors through a fully subscribed share placement with attaching options. Australian Bauxite’s Tasmanian aluminium fluoride production plans and an ongoing scout for rare earth elements in the state's north have received solid backing from the investors. Ian Levy, the Managing Director and CEO, said: "We are delighted with the support for the placement from our directors, existing shareholders and new investors." "With the proceeds of this capital raise, ABx (Australian Bauxite) is now well funded to support the development of the aluminium fluoride pilot plant by its subsidiary, Alcore, and continue its investigation of rare earth...
