Impact Minerals plans staged 4,000-tpa HPA production in US
A NewPro study supports a staged 2,000-to-4,000-tonne-per-year high-purity alumina plant on the US Gulf Coast, with a post-tax NPV of about USD373 million and a 42.3 per cent IRR. Impact Minerals is advancing plans for a modular high-purity alumina (HPA) plant in the US after an independent scoping...
Ireland withholds Aughinish Alumina meeting notes amid Russia export review
Ireland’s Department of Enterprise has withheld the release records of discussions between its secretary general and Aughinish Alumina management, citing “highly confidential information” shared by the company. The decision comes as scrutiny intensifies over the Limerick refinery’s alumina exports...
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US import of bauxite up 20% QoQ in the second quarter of 2017; YoY import drops 33%
According to the latest USGS release on Bauxite and Alumina in the Second Quarter 2017 , imports of crude and dried bauxite by the U.S. in the second quarter of 2017 were 945,000 tonnes, 20% more than those in the first quarter of 2017 that imported 790,000 metric tons of bauxite in the first...
Ghana has potential to earn $450 billion from processing its bauxite deposits
Vice President of Ghana Dr Mahamudu Bawumia says that Ghana has the potential to earn US$450 billion, if the country manages to processes about 900 million tonnes of its bauxite reserves. This was a part of his keynote address at “Ghana beyond Aid” Conference in Accra organised by the Embassies of...
Rio’s alumina production remains unchanged in Q3 2017
Rio Tinto published the production results of alumina for the third quarter of 2017. The company’s alumina production for the quarter was in line with the third quarter of 2016. The company produced 1.9 million tonnes of alumina in the three months ended September 30. Rio Tinto produced six million...
Anrak Aluminium’s insolvency petition rejected by NCLT Hyderabad bench
The National Company Law Tribunal (NCLT) of India has decided to reject the insolvency petition filed by Anrak Aluminium, The company and the lenders had pleaded for liquidation claiming to have explored all the available options. But NCLT Hyderabad bench advised them to approach government...
EGA signs agreement with Queensland University to research on use of bauxite residue to make soil
Emirates Global Aluminium has signed an agreement with The University of Queensland, Australia, to conduct a three-year research programme into turning a by-product of the alumina industry into soil.The ground-breaking research project with The University of Queensland’s School of Agriculture and...
Nalco, GMDC not to continue with aluminium smelter project in Gujarat
National Aluminium Company (Nalco) and Gujarat Mineral Development Corporation (GMDC) have decided not to go ahead with the aluminium smelter plant project in Gujrat. GMDC said that the company has initiated the process for repayment of the amount to Nalco without interest subject to approval of...
IBAAS-CAMEN 2017 Guinea Conference concludes with worldwide participation from the upstream aluminum sector
The 6th International Bauxite-Alumina symposium of IBAAS-CAMEN organized in Conakry, Guinea during September 21-22, 2017 was highly successful and well appreciated by participants, Government officials and media. There were about 130 delegates from all over the world including several participants...
Aughinish goes into the red as revenues fall 24 per cent
The largest alumina refinery in Europe on the Shannon estuary, Aughinish Alumina, last year went back into the red with pre-tax losses of $40.5m (€34m). Limerick Alumina Refining recorded the loss as revenues slumped by 24pc from $688.39m (€581m) to $520m (€439m) due to a drop in the price of...
Rusal’s restart of operations at Guinea’s Dian-Dian bauxite mine imminent
Russian Federation aluminium behemoth UC Rusal told domestic media yesterday that plans are in the works to commission the 3-million-metric-ton-per-annum Dian-Dian bauxite mine in the African country of Guinea by next spring. Yakov Itskov, Rusal’s alumina business director, told Russian News Agency...
JISCO completes ALPART acquisition deal
China's Jiuquan Iron & Steel Company (JISCO) has finalised its acquisition of the ALPART Alumina Refinery in Nain, St Elizabeth with the government. The three final parts to the deal were signed yesterday morning in Jiayuguan, China. A release from the Ministry of Transport and Mining yesterday...
Hydro issues force majeure notice due to production problems at MRN
Hydro has issued a notice of force majeure to its bauxite customers as Hydro will not receive the full contracted volumes from its supplier, MRN, due to lower production at the bauxite mine. This will affect Hydro's bauxite deliveries to customers. MRN, where Hydro has a 5% ownership and additional...
Hindalco looks to export alumina from Odisha unit
Hindalco Industries Ltd is looking at exporting the extra alumina that its unit Utkal Alumina International Ltd produces, as it seeks to spur growth, chairman Kumar Mangalam Birla said on Wednesday. “We believe that (export of alumina) would be an attractive proposition and is something that the...
China’s Nanshan Aluminum to build alumina refinery in Indonesia
Nanshan Aluminum Co. announced that the company has decided to construct its new alumina refinery in Indonesia. The company plans to raise no more than 5 billion yuan to build alumina refinery project, according to an SMM report. The alumina project involves an investment of 5.69 billion yuan. The...
China agrees to a loan of $20 billion to Guinea in exchange of concession on bauxite
According to a Reuter’s report, China has agreed to offer a loan of $20 billion over almost 20 years to Guinea. The loan will be provided in exchange of concessions on bauxite mined in the West African country, the mines minister confirmed. The loan will support projects like China Power Investment...
Turkey’s alumina export volumes estimated to drop in H2 2017
Turkey has a diversity of rich mineral resources. The country has an alumina refinery- Seydisehir Alumina owned by Eti Aluminyum Inc. that produces alumina and supplies to the domestic and international markets. {newsStudioGallery} Turkey exported 660 tonnes of alumina in July 2017 and 1,320 tonnes...
Vietnam’s Nhan Co alumina refinery delivers lower than expected in 2016-17
Provincial authorities of Dak Nong in Vietnam said Wednesday, August 30, that the total tax to be collected from the Nhan Co alumina refinery in 2017 is estimated to come down form what was expected of it. The estimated amount stands at VND107.39 billion against an expected VND437.761 billion. The...
Week in Review: the top newsmakers from global bauxite sector
<p>As aluminium increasingly becomes the metal of choice for OEMs across industries bauxite mining stands to grow at a commendable per annum rate through 2021. According to the latest study by Persistence Market Research, the global bauxite market will grow significantly during 2016-2021.</p> <p...
Saudi Arabia's bauxite import estimated to drop in 2017
<p>Saudi Arabian aluminium industry is growing immensely in last few years after the country decided to venture out of the oil sector to develop a parallel non-oil economy.</p> <p>{newsStudioGallery}</p> <p>A joint venture between the Saudi Arabian Mining Company (Ma’aden) and Alcoa...
