What happens when the world’s biggest bauxite supplier produces too much of the one commodity it dominates? Guinea’s bauxite market is offering a striking answer. Record exports have strengthened its position in global trade, but the surge in supply has also pushed prices lower. Australia,...
Imported bauxite prices in China moved slightly higher last week amid improved activity in the spot market. No trend-level shift emerged on the supply-demand side. Although rainy-season disruptions and elevated freight rates continued to weigh on Guinea's export volumes, the country's weekly...
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Less than two weeks after the government issued a ban on raw mineral exports, five bauxite mining companies operating in Tanjungpinang municipality, Riau Islands province, have ceased operations, a local official has said. Tajungpinang Marine, Fishery, Forestry and Energy Agency head Sumardi said...
‘Mini-mining boom’ – It is what the struggling Australian Government is looking for in the year 2014. When given a choice to them where they would want it to happen, their first choice would be undoubtedly Western Australia. Indonesia has supplied China with about 25% of bauxite and it has resulted...
Bauxite mining contractors and other stakeholders have halted operations in West Kalimantan and Riau Islands, the country’s biggest producers of the ore, as the government effectively banned mineral ore exports on Sunday. Some contractors, however, stopped operating three months ago. Dedy W....
China’s bauxite imports tumbled in November as Indonesia’s export ban loomed large, Shanghai Metals Market has learned. Inbound shipments were 5.37 million tonnes last month, surging 48.7% year-on-year, but down 23.0% month-on-month. Imports throughout the first eleven months totaled 65.53 million...
Australian bauxite miners are pinning their hopes on a turnaround in the struggling industry, with a new market likely to open up in China. Indonesia has long satisfied China’s growing hunger for bauxite to feed its aluminium smelters, which has prevented Australian companies from entering the...
An executive of one of Jamaica’s major bauxite and alumina companies, Jamalco, says the industry is undergoing its longest crisis in recent memory with not much signs of an immediate reverse. Acting manager of Jamalco Leo Lambert says the crisis is now entering its sixth year. He says the situation...
South Goa collector N D Agrawal on Friday revoked the suspension of transportation of bauxite ore from Nakeri-Betul to the MPT following a clarification from department of mines and geology that the Supreme Court ban on mining does not extend to bauxite mining. Agrawal on Thursday had directed the...
Customs director Fernando Fernandez on Friday said the agency inspects the bauxite shipped from the port town Cabo Rojo, after the experience with the Canadian miner Barrick Gold Corp, whose exports of doré were retained several times at Las Americans Airport on irregularities. The official, who...
The Montenegrin government on Thursday said it was uncertain the demands of striking bauxite miners in Niksic could be met. Some 300 mine workers have been on strike several times this year after not having received their salary for 12 months. Since Aug. 21, workers blocked the export of ore from...
China’s imports of bauxite rose to a 3-month high in July as companies accelerated stockpiling of the raw material before Indonesia’s possible ban on exports. Inbound shipments surged by 370.9% year-on-year to 6.5 million tonnes in July, and totaled 39.2 million tonnes in the first seven months, up...
Norsk Hydro, one of the world's biggest aluminium makers, said it expected solid demand growth and weak prices this year as it reported a smaller-than-expected drop in April-June core earnings. Its primary metals unit outperformed expectations in the quarter, compensating for increasing losses in...
Aluminium companies are likely to get a breather in the form of falling bauxite prices driven by the demand slump from China, says experts. Bauxite is usually exported from Gujarat to West Asia and China. However, recent slowdown in China and falling metal prices including aluminium, has led to a...
According to China Customs, China imported 3.775 million mt of bauxite from Indonesia in May, down 30.9% YoY. The CIF price of Indonesian bauxite was USD 51.1/mt, a new monthly high so far this year. The CIF price of Indonesian bauxite was USD 43/mt before the Indonesian government hiked bauxite...
The deplorable state of the Western rail line remains a major problem for bulk producers of manganese and bauxite, forcing them to use costlier road transport to haul their minerals and equipment, according to Dan Owiredu, President of the Ghana Chamber of Mines. Speaking at the chamber’s 85th...
Guinea’s ambitious bauxite market is set to be marred by the pull out of foreign investment and its own political unrest. In March, president Alpha Conde pledged to triple production to 61 million metric tons by 2016-17 and account for a quarter of the world's bauxite production by 2020. But...
According to China Customs, China imported 4.56 million mt of bauxite during March, down 12.02 YoY. YTD imports through March hit 13.96 million mt, up 8.88% YoY. China’s imports of Indonesian bauxite fell 22.05% YoY to 3.38 million mt during March, and dropped 11.93% YoY to 9.17 million mt during...
Guinea, the world’s biggest exporter of bauxite, has cut taxes on exports of the mineral to $4 a metric ton from as much as $13 a ton, according to amendments made to the country’s mining code. “We’re putting in place a more flexible tax system to encourage win-win investments,” Mines Minister...
According to Shandong Nanshan Aluminum’s 2012 annual report, the company reported RMB 14.87 billion in operating revenues in 2012, up 11.57% YoY. However, its profits declined 28.72% YoY to RMB 985 million and net profits attributable to its parent company also dropped 32.39% YoY to RMB 691...
