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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China’s bauxite imports rose to a record high in the first quarter of 2020, owing to greater demand and lower sea freight costs, found China customs data under HS code 26060000. In the first three months of 2020, China imported 28.41 million tonnes of bauxite, the highest quarterly import volume on...
The economy of Turkey is an emerging market economy as defined by the International Monetary Fund. Turkey is among the world's developed countries according to the CIA World Factbook. Turkey is also defined by economists and political scientists as one of the world's newly industrialized countries....
Abdoulaye Magassouba, Minister of Mines and Geology, Guinea stated that: “Iranian companies are capable partners for the development of mining projects.” On 15 th May’20, the Guinea minister while speaking in a video conference with Iranian Deputy Minister of Industry, Mine and Trade Khodadad...
Mozambique is located on the southeast coast of Africa. It is bound by Swaziland to the south, South Africa to the southwest, Zimbabwe to the west, Zambia and Malawi to the northwest, Tanzania to the north and the Indian Ocean to the east. The below-par quality of the countries bauxite reserves and...
Australian Bauxite Limited (ABx) announced that it had been a successful tenderer to deliver a shipment of cement grade bauxite. It shipped 35,000 tonnes plus or minus 10 per cent from Bell Bay, which marked the company’s biggest sale yet of seaborne cement grade bauxite. Being optimistic about the...
Indian Miners apex body Federation of Indian Mineral Industries (FIMI) on 13 th May'20 hailed the INR 20 lakh crore special economic packages, expressing hope that the stimulus will also be used to give relief to highly taxed and struggling mining sector. FIMI said in a statement: "We are grateful...
On 12 th May’20, Vedanta Resources stated that mining and metal tycoon Anil Agarwal plans to offer INR 16,200 crore in cash to take the Indian stock exchanges-listed Vedanta Ltd private. The London-based outfit Vedanta Resources which Anil Agarwal delisted in 2018, is offering INR 87.5 for a share...
A journey of 35 days that crossed 21,112 km with two large locomotives built by the Chinese group CRRC for the Dapilon-Santou railway line was landed on 8 th May’20 at the Guinean port of Boké, initiated the departure from the Chinese port of Yantai in Shandong province. The internal combustion...
The current political stand-off has been constantly hampering the progress of labour talks. This situation is also creating an abstraction of an order for Bauxite Company of Guyana Inc (BCGI) and the Guyana Bauxite and General Workers Union (GB&GWU) to enter into arbitration to resolve a...
Metro Mining published production and shipping results for the month of April. The company said this has been the best start to the year for both mining and shipping. Metro Mining produced 415,000 wet metric tonnes (WMT) of bauxite and shipped 245,000 wet metric tonnes (WMT) at the Bauxite Hills...
Australian Bauxite Ltd. declared that its negotiations for its next cement grade shipment were well advanced, as a bauxite miner is working towards a Tasmanian job augmentation through a cement grade shipment deal. ABx stated in its March quarterly report: "The potential for early commencement of...
Michael Stewart, Member of Parliament for Manchester Southern says: “Jamaicans should take stock of the costs and benefits of the bauxite/alumina industry,” following more bitter complaints about its negative effects. The residents of Rose Hill on the Manchester Plateau, at the heart of Stewart's...
Lindian Resources Limited provided an update on the assaying and digestion test work on the drill sample derived from the Bouba Conglomerate Bauxite Plateau and Mamaya Plateau at Gaoual. The company said laboratory XRF analyses confirmed the high-grade conglomerate bauxite at the project. Lindian...
Ecuador is a country straddling the equator on South America’s west coast. Ecuador's economy has been one of the most stable in the Latin American continent. The country has enjoyed a healthy economy supported by the dollarization regime the country uses the US dollar for its currency—and high oil...
The average Bauxite (4.5≤Al/Si ＜5.5) price in Shanxi stands at RMB 365 per tonne on Wednesday, 29 April 2020, down RMB 25 per tonne or 6.41 per cent, after remaining flat at RMB 390 per tonne since April 15. The average price is expected to move within a range of RMB 350-RMB 380 per tonne. The...
Bauxite imports by China increased 10.6 per cent in March to total at 10.01 million tonnes from a year ago and also faster than 9.64 per cent growth rate in the January-to-February period, found China’s General Administration of Customs data. In the first two months of the year, China imported 18.4...
Romania is a south-eastern European country known for the forested region of Transylvania, ringed by the Carpathian Mountains. The economy of Romania is a fast developing, upper middle income mixed economy with a very high Human Development Index and a skilled labour force. The demand for aluminium...
Rusal has launched the first-quarter production results of 2020, wherein it posted that its bauxite output decreased by 11.2 per cent from the previous quarter to stand at 3.58 million tonnes, attributing to to the suspension of operations of business in Guyana, as announced at the beginning of...
