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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According to a tender published on Guineenews.org, Guinea’s mines ministry issued a call for consultants for its plan to establish a market price for sales of bauxite. The notice said that West African nation wants to set a selling price of bauxite applicable to companies in Guinea. According to...
Guinea’s mines ministry issued a call for consultants for its plan to establish a market price for sales of bauxite, according to a tender published on Guineenews.org. The West African nation wants to set a “selling price of bauxite applicable to companies in Guinea,” the Conakry-based ministry...
MORE than four months after being blamed for the fish kill at the Rio Cobre in July, the West Indies Alumina Company (Windalco) has refused to reveal the status of their internal investigations into the incident. "We are aware of the concerns surrounding the Rio Cobre Watershed and its aquatic...
Ghana’s producer-price inflation rate fell for the first month in October as mining and quarrying costs decreased. Inflation eased to 16.8 percent from 19.6 percent a month earlier, Grace Bediako, head of the Ghana Statistical Service, told reporters in Accra, the capital, today. Prices fell 0.9...
Guinea's government plans to change a number of tax clauses in the West African state's newly adopted mining code after discussions with companies and investors, the mines minister said on Wednesday. The minister did not specify what changes would be made but said they were aimed at making the...
The Chinese bauxite import statistics for the month of September 2011 show another record month with imported tonnage of bauxite being 37% more than last year at 4.48 million tonnes for the month. The price of Australian bauxite imported into China has risen 19% to US$57.23/tonne. Commenting on the...
Bauxite and coal among other minerals are likely to become more expensive once the new Mines Bill, approved by the Cabinet on Friday, comes into effect. "Prices of all the minerals will go up due to this (the new Mines Bill), once enacted," the Federation of Indian Mineral Industries' Secretary...
Minerals worth Rs. 226.04 crores were illegally mined in various States across the country during the previous fiscal, according to findings of the Indian Bureau of Mines (IBM), which monitors and prevents such unlawful activities. In 2010-11 fiscal year, 14,204 cases of illegal mining over an...
Many international financial institutions continue to paint a positive outlook for Ghana’s economy, citing improved macro-stability, high commodity prices. The latest bullish assessment and positive outlook for the country’s economy comes from the report of Standard Batik, parent company of Stanbic...
China's vice premier and a 60-member delegation arrived in Jamaica's capital Monday to sign two grants to boost the island's development as the Asian economic giant steps up its investments across the Caribbean. Vice Premier Hui Liangyu said Beijing is committed to assisting Jamaica, a heavily...
Arguing that indiscriminate exploitation of mineral resources was leading to alienation amongst local tribal populations and furthering the cause of Naxalite groups, Minister for Tribal Affairs V Kishore Chandra Deo on Wednesday advocated a ban on export of raw materials like iron ore or bauxite....
BHP Billiton plc (ADR) (NYSE:BBL) moved up 4.26%, to close at $65.79 and its overall traded volume was 1.10M shares in the last trading session. BBL opened the day at $64.69, it made an intraday low of $64.38 and an intraday high of $65.82. The 52-week range of the stock is $57.60 – $86.96. The...
Public Administration and Appropriations Committee members have recommended that the finance ministry immediately move to prevent a collapse of Jamaica’s standby agreement with the International Monetary Fund (IMF). The recommendation is contained in a report prepared for consideration by the PAAC...
In the late 19th and early 20th centuries, there was mining in Floyd County. It wasn’t the kind that involved long tunnels and workers breathing in coal dust underground. The mines produced bauxite, which is used to make aluminum. The first bauxite found in the United States was found in this area,...
China’s alumina imports plunged in June, as domestic production continued growing strongly whilst import prices kept rising.
China’s alumina imports plunged in June, as domestic production continued growing strongly whilst import prices kept rising.
The Economic Times reports Indian mineral production declined 14.52 percent in April compared to the preceding month due to sharp drop in the output of coal, bauxite and copper, official data showed Monday. Coal production slumped 32.81 percent at 407 lakh tonnes and production of bauxite fell...
Mining, dispatch and transportation of bauxite from Pakhar mines in the Naxalite-hit Kisko police station area of Lohardaga district have come to a grinding halt since Wednesday evening after a group of rebels torched six vehicles. “Mining and transportation activities have been put on a halt since...
