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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The developer of the world-class Minim Martap bauxite project in West African nation Cameroon, Canyon Resources Limited declares that it has accomplished its updated JORC (2012) Ore Reserve estimate for the Minim Martap Bauxite project. The updated JORC (2012) Proved Bauxite Ore Reserve estimate is 99.1 million tonnes at 51.6% Total Alumina and 2.4% Total Silica. Following the JORC Code (2012), the updated Ore Reserve estimate was prepared by a Competent Person (CP). The Ore Reserve estimate is based on the 2020 PFS2 and the recently updated Mineral Resource Estimate3 but with an update and improvement of the mine designs, mining scheduling and mine cost estimations, completed by Mining Plus with mining contractor input. The schedules are based on a production rate of 4 million tonnes per...
The Australian exploration and mining company based in Brisbane, Queensland, Metro Mining Limited with its flagship project, the Bauxite Hills Mine is restructuring its boards, which includes the appointment of Douglas Ritchie and Simon Wensley as non-executive directors. Following the accomplishment of Metro Mining’s annual general meeting (AGM) on 25 th May 2021, these decisions will come into effect. In further addition, Stephen Everett will step down as the Chairman after the AGM and Douglas Ritchie will be appointed as the new Chairman. However, Everett will sit on the board as a non-executive director. The restructuring and the appointments will notably enhance the experience and skill set available to the organisation towards successfully managing and growing its bauxite business....
On 20 th May 2021, the bauxite explorer, producer and mining company, Australian Bauxite (ABX) has called for a two-day trading halt, as it all set to tap investors for some new funding through a capital raising plan. However, ABX is yet to detail the amount it is going to raise or the way to raise the funds, neither the company commented on how it plans to use the cash boost. On 24 th May 2021, the complete details of the capital raise will be announced, although, there a possibility ABX can announce the details earlier. Hence, once the raising details are unveiled, then the trading halt will be lifted. Australian Bauxite has unearthed several bauxite deposits in Queensland, New South Wales and Tasmania, and has been mining and processing the material. ABX has been developing modern...
The pandemic-hit Italian economy is predicted to grow 4.1% in 2021 and 4.2% in 2022 in an “uncertain ascent from the abyss”, the country’s business lobby Confindustria said in April 2021. The European nation at the Mediterranean coastline, Italy registered bauxite importation of 86,447 tonnes during 2018-19 and the expenditure involved in the import accounted for $22.60 million. The import for 2020 stood at 24,633 tonnes and the expenditure remained at $7.30 million. However, when the import volume and expenditure of 2020 gets assorted with the preceding two years, it denotes 1,11,080 tonnes and $29.90 million respectively. Italy’s import of bauxite in 2018 was recorded at 47,908 tonnes and $10.17 million revenue was expended for the import, whereas, in 2019, the import saw de-growth by...
The African focussed minerals exploration company Canyon Resources has upgraded the bauxite resources of its Minim Martap project in Cameroon following a grade definition drilling effort. Canyon confirmed the resource remains high in alumina and low in silica, containing 1.03 billion tonnes at 45.30% aluminium oxide, 2.70% silicon dioxide at a cut-off grade of 35% aluminium oxide. As per Canyon, out of the total resources, the said 500 million tonnes contained a high-grade resource of 49% aluminium oxide and 2.6% silicon dioxide and included an upgraded measured resource of 268 million tonnes at 49.7% aluminium oxide and 2.6% silicon oxide at a cut-off grade of 45% aluminium oxide. More predominantly, the bauxite explorer said: “This brings one-third of the total resource into the...
Metro Mining Limited has announced the resignation of its Chief Financial Officer and Joint Company Secretary Duane Woodbury. He will work with the Board and CEO to achieve an orderly transition. Metro Managing Director and CEO Simon Finnis said, “On behalf of the Board I would like to sincerely thank Duane for his commitment to Metro and for his achievements during his time with the company. “Duane played a major part in financing of the construction of the Bauxite Hills Mine and after his appointment as CFO his experience in the management of Metro’s finances has been of great value, particularly during the difficult 2020 year. In addition to the many contributions he made to the company, Duane was instrumental in securing Metro’s Stage 2 Expansion loan facility with Northern Australia...
On 30 th April’2021, the International Monetary Fund (IMF) reported on a virtual mission that in 2020, the economy of the West African nation, Guinea has grown 7% on Y-o-Y amid the dual pandemic of Covid-19 and Ebola. The growth figure reported is even well above the 5.2% previously forecasted by IMF. Clara Mira led IMF virtual mission said “the good performance was mainly driven by the mining sector.” Guinea’s mining sector recorded a rise by 18.4% in mining activity in 2020, against only 8% in 2019, as data supplied by African Development Bank (AfDB). Bauxite, the raw material of aluminium is accredited for its high demand, of which the nation has become the main supplier since 2017. Even though 2020 revealed better results than expected, 2021 shows signs to take the opposite path. This...
The limited liability company which was incorporated on February 13, 1975, Jamaica Bauxite Mining Limited (JBM), where the company holds 51% equity, on behalf of the Government, in the operations of Noranda Jamaica Bauxite Partners in St. Ann, is eyeing to initiate the up-gradation work of Ocho Rios Port during the current fiscal year. However, the ownership of the 49% shareholding, previously held by Noranda, was passed to New Day Aluminium in 2016. The commencement of the up-gradation has been notified by the 2021/22 Public Bodies Estimates of Revenue and Expenditure, which clearly states that the exercise will serve to develop the facility’s business activities while maximizing revenue. The engagement floats part of JBM’s efforts to pursue stakeholder collaborations this year to foster...
Metro Mining reported sharp increase in Ocean Freight costs across all vessel classes in the first quarter of 2021.The increase was due to new and longer shipping routes caused by changing Chinese buying patterns, stronger commodity prices, limited new vessel builds during 2020 with the uncertainty of COVID, and heavy ports congestion. “Ocean Freight costs remain volatile and remain at historically high levels. Given bauxite is normally priced on a CFR basis, this will negatively impact the net prices achieved by Metro, particularly in the short term, and hence reduce operating margins,” Metro Mining said. Around 2.3million WMT of bauxite will be sold under the offtake agreement in place with Xinfa. “Metro have been progressing further sales for 2021 deliveries along several fronts, with...
The technological solution provider to the global mining and minerals industries TAKRAF has designed and installed India’s longest overland conveyor system, for the Greenfield project of Hindalco-owned Utkal Alumina refinery. The project worked by the TAKRAF’s India office included the longest single flight conveyor system to be installed within Indian territory as of today. The project is located at Tikri in the Rayagada district of Odisha and includes a 1.5 Mt/y alumina refinery, the Baphlimali bauxite mines with reserves lasting for over 25 years, and a 90 MW captive co-generation power plant. TAKRAF India secured the contract from Utkal Alumina International Limited (UAIL) for an overland conveyor system to transport 4.5 Mt/y of bauxite through challenging, wobbling terrain from the...
On 28 th April 2021, Guinea Alumina Corporation, a subsidiary of Emirates Global Aluminium (EGA), which explores bauxite in the Boké region located at the northwest of Guinea, has announced the appointment of Malick N'Diaye as the CEO of the organization. Malick N'Diaye joined GAC in 2014 as Chief Financial Officer and from August 2019 onwards, he occupied the post of Deputy CEO and Director of Government Relations. He is carrying a successful career experience of over 19 years in finance, accounting, auditing, consulting, treasury, and financial management in the Republic of Guinea, the UK, and the Republic of Congo. He has held several management positions within the audit firm Ernst & Young and has also worked for two major mining companies, Rio Tinto and Xstrata Glencore. According to...
On 28 th April 2021, at the Dapilon bauxite mining site in Boke tension rose high, as the workers from the WAP company blocked the road to the mining port, halting the transport of bauxite. As per our report, the workers' primary demand in particular is the renewal of their union office whose mandate has expired. Following their demonstration in the previous week, workers from the mining company WAP made their voices heard again on 28 th April. They stormed the Dapilon mining road, blocking access to the site and preventing any bauxite transport activity. The demonstrators demanded: “Renewal of our union office whose mandate has expired and the improvement of their working conditions.” The workers are astute to have a new union office before the commencement of rail transport which many...
Rusal has announced the first quarter of 2021 results, reporting that its bauxite production rose 7.4 per cent quarter-on-quarter and 6.3 per cent year-on-year to stand at 3.801 million tonnes. Rusal’s bauxite minings in Guinea produced 2.025 million tonnes in Q1 2021, while Russia and Jamaica produced 1.217 million tonnes and 558,000 tonnes, respectively. Third-party bauxite sales of the company totalled 17,000 tonnes in Q1 compared to 22,000 tonnes in Q4 2020. Rusal’s alumina production, on the other hand, decreased 4.5 per cent quarter-on-quarter to stand at 2.045 million tonnes in Q1 2021. But on a year-on-year calculation, the output stood 1.6 per cent higher than 2.013 million tonnes. Refineries in Russia produced 740,000 tonnes in the said period, while the refinery in Ukraine...
Norsk Hydro ASA has reported the first-quarter results of 2021, revealing that its revenue stood at NOK 31,951 million, an increase of 7 per cent quarter-on-quarter from NOK 29,823 million and 1 per cent year-on-year from NOK 31,609 million. Adjusted EBITDA grew 53 per cent from the previous quarter and 37 per cent from the year-ago to NOK 5,182 million. Hydro’s bauxite production totalled 2.813 million tonnes in Q1 2021, up 10 per cent from 2.556 million tonnes in Q4 2020 and 9 per cent from 2.585 million tonnes in Q1 2020. The company’s alumina output came in at 1.540 million tonnes, an improvement of 9 per cent from 1.410 million tonnes in Q4 2020 and 1 per cent from 1.531 million tonnes in Q1 2020. Adjusted EBITDA from bauxite and alumina jumped 70 per cent Q-o-Q from NOK 587 million...
The global leader in bauxite production, RUSAL, commences mining at a new quarry at the Vezhayu-Vorykvinskoye deposit in the Komi Republic, with reserves of over 14 million tonnes of bauxite. The new open-pit No. 4 will be the largest at the Sredne-Timansky bauxite mine. Mining capital works (the preparation works) lasted three years, during which the miners of Timan Bauxite successfully confronted with a significant volume of stripping operations which amounted to 19.5 million cubic meters. Furthermore, treatment facilities were developed and put into operation, and the requisite mining equipment and machinery were purchased. There were noteworthy investments made in the mining capital works at the Vezhayu-Vorykvinskoye deposit amounting to almost 2.5 billion rubles, the purchase of new...
The Indonesia based PT Cita Mineral Investindo Tbk (CITA), a bauxite mining company and the first Smelter Grade Alumina (SGA) producer in the nation through its associated entity PT Well Harvest Winning Alumina Refinery (WHW), yielded a positive performance in 2020, amid the impact of the Covid-19 pandemic. All over 2020, CITA posted a net income of IDR 4.34 trillion and the realization was an upswing of 11.55% compared to CITA's 2019 net income which was only IDR 3.89 trillion. Yusak Lumba Pardede, Director, CITA, said: “Despite the impact of the Covid-19 pandemic, during 2020 CITA succeeded in strengthening the Company's financial position. This can be seen from the significant increase in the value of equity and a decrease in the liability component.” “The company is optimistic about...
On Tuesday, April 20, Kodingamali bauxite mine workers reportedly called off their protest after 83 days of staging dharna in front of Collector’s Office demanding proper wages as per the labour norms. As the report stated, the members of Kodingamali Mine Workers Association submitted a memorandum to Chief Minister Naveen Patnaik through Collector Mohd Abdaal Akhtar upon being disappointed with the unconcerned approach of Odisha Mining Corporation (OMC) and Mythri Infra Ltd. The Kodingamali Mine Workers Association consists of workers involved in different capacities at Kodingamali bauxite mines near Laxmipur in Koraput. Association leader Raju Kuldip alleged that since the day the association started demanding minimum wage and welfare as per mining rules and act and started unionising...
Rio Tinto announced first quarter of 2021 production results. The company’s bauxite output was 2% lower than the first quarter of 2020 due to wet weather on the East coast of Australia impacting its Weipa operations. The port at the Amrun mine closed for 14 days due to large swells and cyclones. The output came in at 13.6 million tonnes in the first quarter. But the bauxite production was 2% higher than the fourth quarter of 2020 following a train failure at the Andoom mine at Weipa last year. 2021 bauxite production guidance remains unchanged. Rio Tinto shipped 9.0 million tonnes of bauxite to third parties in the first quarter. That was a drop of 5% than the same period of 2020 due to the major weather events causing shipment delays. Rio Tinto Chief Executive Jakob Stausholm, said: “We...
