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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CRU, independent commodity industry analysts and management consultants in the global metals, mining and fertilizer industries, have launched their new Bauxite Long Term Market Outlook, which provides detailed forecasts of the global bauxite industry. CRU’s team of industry experts has compiled the...
Lower prices and higher costs translated into a modest loss for Noranda Jamaica Bauxite Partners. The St Ann-based company's parent reported a US$200,000 loss from its bauxite segment last year, following profits of US$18.5 million in 2011, and US$23.8 million the year before. The mining company...
As part of its plan to shore up its revenues, the Indian government has decided to impose an export duty on bauxite. Bauxite exports, duty-free so far, will be taxed at 10 percent. Bauxite is a key ingredient in the production of aluminum, and taxing its export means giving a boost to domestic...
The current public relations stunt by the Government of Guyana on matters relating to the bauxite industry have not and will not fool the communities and workers whose lives are directly affected by bauxite. December 2012 marked three years since the Bauxite Company of Guyana Incorporated (BCGI)...
International bauxite companies operating in Jamaica are being accused by farmers of pocketing millions of dollars that should be paid to them for property purchased for mining purposes. The payment to persons for crops on lands purchased by the bauxite companies has long been a source of...
Noranda Jamaica Bauxite Partners saw its third-quarter profit plunge on near historically low aluminium prices. The subsidiary of US-based Noranda Aluminum Holdings posted a profit of US$0.3 million ($27 million) for the three months to September 30, compared to US$6.8 million in the corresponding...
Australian Bauxite's CEO Ian Levy spoke to Proactive Investors. Excerpts from the interview is given below: PROACTIVE INVESTORS Just touching on the global aluminium market, how is it currently faring in regards to supply and demand, and what are the drivers in potentially pushing the price higher...
The president of the East Arnhem Chamber of Commerce says the town of Nhulunbuy in the Northern Territory is feeling the effects of a cost-cutting exercise by the nearby bauxite mine and refinery. Pacific Aluminium has begun a natural attrition process, due to tough business conditions caused by...
Maoist fear looms large in Jharkhand's Lohardaga District as bauxite mine workers abandoned their work, following threats from the extremists. The people living in nearby villages said till now they were working in the bauxite mines of the region without facing any problem. But recently, posters...
Jamaica's powerful bauxite/ alumina partners have warned that it would be a mistake for Government to rely solely on natural gas as an alternative fuel source, and is urging the Government to adopt a diversification strategy that includes coal, compressed gas and renewables. Further diversification...
The global demand for bauxite, from which the aluminium smelter feedstock alumina is derived, is likely to rise at an annual rate of 6.9 per cent from 220 million tonnes (mt) in 2011 to 750 mt in 2030. The world is richly endowed with bauxite mineral, distributed across all continents. And, a good...
The Tanzanin government will continue to support small scale miners and address various challenges they are facing including lack of equipment and reliable markets. The Minister for Energy and Minerals, Prof Sospeter Muhongo, said this during talks with representatives of small scale miners here on...
Indonesia's push for miners to add value through further processing of bauxite and nickel ores has given struggling Australian producers something to smile about. The hope is that Indonesia's push could lead to higher prices for bauxite-alumina and nickel ores as exports from Indonesia are halted...
PARAMARIBO – Minister Jim Hok of Natural Resources (NH) is concerned about the layoffs announced by Suralco. “This is not only bad news for employment,” the minister says. The reason for the layoffs is the declining demand for aluminum. “It shows once again that the bauxite industry is near death,”...
Indonesian bauxite miners have stopped production due to uncertainties over potential export law changes, said Barclays Capital in a research note. According to the bank, bauxite miners are to stop producing until there are clearer export regulations. The miners, particularly in Riau and Kalimantan...
The Ghana Chamber of Mines has warned that Ghana’s bauxite industry may collapse if the country’s transportation system is not fixed immediately. Ghana’s bauxite industry has recorded a plunge over the years due to poor railway lines and deteriorating road networks that hamper the transportation of...
BAUXITE – Bauxite Miners’ senior lineman Matt Steele signed with the Southern Arkansas University Muleriders out of Magnolia, Ark., on Wednesday morning in the Bauxite High School auditorium. “I think it’s awesome,” Bauxite Coach Shane Clancy said. “It’s something he’s talked about doing since the...
During the third quarter, GMDC’s turnover jumped 7% to Rs384 crore Gujarat Mineral Development Corporation (GMDC) net profit rose 11% to Rs112.46 crore for the quarter ended 31 December 2011, against Rs101.48 crore in the corresponding period a year ago. During the quarter, the company’s turnover...
