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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First Bauxite Corporation said that it has secured a second bridge loan for its Bonasika Bauxite Project located in Guyana. Resource Capital Fund VI L.P. (RCF VI) will provide additional financing under a second bridge loan facility to the company in the principal amount of up to US$10 million. The...
According to the latest USGS release on Bauxite and Alumina in the First Quarter 2018 , imports of crude and dried bauxite by the U.S. in Q1 2018 were 651,000 tonnes, 28% less than the total of 910,000 tonnes in the fourth quarter of 2017. However, on a YoY basis, import of bauxite drops 18% than...
According to the report by Reuters, Aluminium Corp of China (Chalco) has signed an agreement with Guinea government, on June 8 in Conakry, to develop the Boffa bauxite project in the west of the country. According to the agreement signed, Chalco Guinea Company would be granted mining licenses for...
Ghana Vice-President Dr. Mahamudu Bawumia has assured a new bill to establish that the Ghana Integrated Bauxite and Aluminium Development Authority (GIBADA) is not another mining regulatory body. This assurance came from him when the Minerals Commission Board, led by its Chairman S.K. Boafo, paid a...
Rio Tinto has signed a joint venture agreement with Minmetals to explore mineral deposits in China. The 50:50 joint venture follows a technical collaboration contract signed in November 2017 when both companies committed to a collaborative partnership in mineral exploration. Rio Tinto chief...
As confirmed by some trusted sources, Indian operators are going to relaunch the long-awaited Cameroon Alumina Limited’s (CAL) bauxite mining project. It’s been over years now this plan was proposed to set up a Greenfield project involving bauxite mining, a 3 million-tonnes-per-annum alumina...
Metro Mining happily announced a successful arrival of its first two shipments 123kt bauxite in China and confirmed the receipt of payment from off-take partner Xinfa Group. Xinfa Group, which has a 4-year off-take agreement with Metro, was responsible for handling the delivery of the shipment from...
Just in four days’ of time after Nalco Chairman and Managing Director Tapan Kumar Chand disclosed the company’s new alumina refinery set up plan, worth INR 7000 crore to INR 12000 crore, in Vishakhapatnam, the company updates that it has revived its proposal. According to the updated news by the...
Speaking at the African Sovereignty Wealth Funds Summit on Friday, June 1, 2018, Ghana Vice-President Dr. Mahamudu Bawumia emphasised that African leaders and businesses should increasingly make the best use of natural resources deposited in the land to create wealth. He said, “Africa has hundreds...
Jamaican Government has announced plans to merge Clarendon Alumina Partners (CAP) and the Jamaica Bauxite Mining Limited. The joint company will be listed in Jamaica Stock Exchange. Jamaica Bauxite Mining owns 51 per cent of the old Kaiser operations. CAP has a 45 per cent stake in bauxite company...
On anticipating the shortage of bauxite availability in China within the next three years, Alumina Limited would consider acquiring new bauxite assets. It would even consider ramping up the production capacities of its existing mines. Alumina and its joint venture partner Alcoa have exposure to...
The Australian mining company, AU Capital Mining, co-owned by Pacific Bauxite, has had its exploration licence suspended in the Solomon Islands. Bradley Tovosia, Minister of Mines in Solomon Islands, said the exploration licence was suspended because the company had not had amicable relations with...
Lagune Exploitation Afrique in Ivory Coast reported that it is in talks with a unit of Sumitomo Corp. to build a partnership and develop a bauxite deposit and two alumina plants for 218 billion CFA francs (US$375 million). More details are not available yet other than the fact that Lagune is...
The repeated instances of civil unrest in Guinea, particularly in the mineral-rich region of Boké in the west of the country have been incessantly growing over time. Guineans claim that the mining companies in Guinea failed to contribute to their wellbeing, despite being a country with the highest...
First Bauxite Corporation announced that its subsidiary, Guyana Industrial Minerals Inc. (GINMIN), has received additional orders from customers in China and Europe for bauxite ore. The Company expects the first bulk shipment to Europe of 5-10,000 metric tonnes to occur in June/July 2018 and the...
After almost two months, Tasmanian miner, Australia Bauxite Ltd. has made a significant progress with its bauxite refining project ALCORE. In our previous news, we had reported that engineering and cost study for the first stage was finished, including the construction of an engineering validation...
China’s Aluminium Corp of China (Chalco) said in an exchange filing that its Hong Kong unit will invest up to $163.8 million in the Boffa bauxite project in Guinea, which has a total cost of $706 million. The board has approved the investment and the final decision awaits shareholders’ review and...
Environmental protection organisations have urged Ghana government to halt the planned mining of bauxite in the Atiwa Forest Reserve and to completely exclude it from the bauxite mining agreement because of water provision services and ecological reasons, Ghana News Agency reported. The...
