The acquisition gives Rio Tinto control of a major undeveloped Cape York resource as it expands its existing Weipa operations and advances new mining areas. Rio Tinto is expanding its Cape York bauxite portfolio by acquiring the Aurukun bauxite project from Glencore and Mitsubishi, adding a...
Metro Mining's Bauxite Hills operation delivered record quarterly production as lower unit costs and a broader customer base strengthen its growth profile. Metro Mining is building momentum at its Bauxite Hills bauxite mine in Queensland, with record quarterly output, lower unit costs and improving...
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The Tamale interchange project funded under a barter arrangement between the governments of Ghana and China’s Sinohydro ltd is one of the multi-priority infrastructural projects worth $2 billion in exchange for Ghana’s refined bauxite. The project which is expected to be completed within 24 months...
The Government of Jamaica is to draw out just over half a billion dollars from the Capital Development Fund (CDF) to deliver budgetary aid to the Jamaica Bauxite Institute (JBI) and the bauxite community development programme this fiscal year. An order, under the Bauxite (Production) Levy Act,...
Guinea Alumina Corporation, a wholly owned subsidiary of Emirates Global Aluminium (EGA), provides humanitarian and economic support to local communities in Guinea in their fight against COVID-19, Emirates Global Aluminium said in its press release. The company provides medical equipment to the...
Ukraine decreased the import of aluminium ore and concentrate (bauxite) by 9% in January-May’20 compared to the same period in 2019, to 1.945 million tonnes. According to statistics released by the State Customs Service, bauxite imports in monetary terms decreased by 8.2%, to $85.069 million during...
According to a Reuters report, Aluminum Corp of China Ltd , also known as Chalco, has received a license for its 100,000-square-metre bonded bauxite warehouse in Guangxi region in southern China. The warehouse, which has a storage capacity of 1.02 million tonnes of bauxite, will store bauxite...
On 9 th June’20, Saudi Arabia’s cabinet has approved a new mining law that has an objective to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons. Bandar Alkhorayef, Minister of Mining and Industry said: “The new law facilitates investor...
Slovenia, a country in Central Europe, is known for its mountains, ski resorts and lakes. The economy of Slovenia is developed and the country enjoys a high level of prosperity and stability as well as above-average GDP per capita by purchasing power parity at 83% of the EU28 average in 2015....
On 5th June'20, Federation of Indian Chamber of Commer and Industry (FICCI) appreciated the Governments direction to auction mineral blocks with pre-embedded clearances and stated the move will attract huge investments. FICCI said: “Increased investments in the mining and metals sector can make the...
The Jamaican Minister of Transport and Mining Robert Montague stated that his ministry has been given the go-ahead to use vesting powers to assist long-suffering families on bauxite lands to receive titles for the properties. Montague, opening the 2020/21 annual sectoral debate in the House of...
The industrial revolution on the European continent began in Belgium. Thus everything was in place for boosting the coal and steel industries in both areas. Other reasons for its industrialization came from its geography. Its proximity to Britain and its strong trading relationship with her allowed...
Bel Air Mining SAS, a member of the Alufer Mining Limited group, developer and producer of bauxite in the prefecture of Boffa, endures supporting local communities and local health centres as well as employees with material and technical support in prevention against the spread of the Covid-19...
On 29 th May’20, the Director-General of the Autonomous Port of Abidjan (PAA), Mr Hien Yacouba SIE witnessed the launch of the first shipment of 20,000 tonnes of Bauxite, at the bulk terminal. It is a first in Ivory Coast. The ore is now one of the products exported from the port. The cargo bound...
On 27 th May’20, the mining company, Vedanta Limited made public that credit rating agency, India Ratings and Research (Ind-Ra) has demoted the long term issuer rating of the company to IND AA- from the earlier rating of IND AA, revising its outlook from stable to negative. The demotion...
Guinea Shipping Corporation (GSC) has announced the appointment of Bernt Meldgaard Christensen as the company’s new executive chairman. Christensen succeeds his brother Henrik, who founded the company in 2010 and passed away recently. Christensen said: “Henrik had the vision to build a shipping...
Lindian Resources’ Managing Director Shannon Green has resigned from the company and stated due to personal reasons. Still, he will remain at the company until the end of June’20 to ensure a smooth leadership transition. Shannon joined Lindian Resources only 12 months ago from bauxite development...
The average Bauxite (6.5≤Al/Si＜7.5) price in Guangxi stands at RMB 265 per tonne on Tuesday, 26 May 2020, down RMB 15 per tonne or 5.36 per cent, after remaining flat at RMB 280 per tonne since May 12. The average price is expected to move within a range of RMB 230-RMB 300 per tonne. The average...
Metro Mining Ltd continues to watch closely the market situations forth deciding to formally proceed with stage-2 expansion at the Bauxite Hills Mine in Far North Queensland in Australia. In April’20, the company was instructed by the Queensland Treasury that the Queensland State Government would...
Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has reportedly signed five mining contracts for the first time in its history. This followed the heels of the conclusion of the country’s inaugural mining bidding round last year. The contracts have been signed with three different...
