Metro Mining builds bauxite momentum with record output, lower costs and broader sales
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...
Ghana’s 920Mt of bauxite reserves catch global investors’ attention amid aluminium push
International investor interest in Ghana’s bauxite industry has intensified, with Coal India becoming the latest overseas company to evaluate opportunities in the country as it seeks to diversify beyond coal and secure mineral assets abroad. The Indian state-controlled miner’s interest remains at...
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Xinjiang reveals its plan to build US$ 831 million worth alumina refinery in Guinea
Engaged in processing aluminium primarily in China, the company named Xinjiang Joinworld Co. Ltd., reportedly revealed its plan of building an alumina refinery in Guinea. The news came when Xinjiang Joinworld announced its project plan worth US$ 831 million after a filing to the Shenzhen Stock...
Hindalco moves court against closure order of its Kolhapur bauxite mine for alleged violation of Air act
Hindalco Industries has moved the Bombay high court against a Maharashtra State Pollution Control Board (MSPCB) order directing it to shut down its bauxite mine at Dhangarwadi in Kolhapur district for alleged violation of Air (Prevention and Control of Pollution) Act. On November 29, the court...
AlCircle launches brief Region Focus Report on “Guinea and Sierra Leone; Two Growing Investment Hubs in West Africa”
AlCircle has launched a brief Region Focus Report – “ Guinea and Sierra Leone; Two Growing Investment Hubs in West Africa” into its 2018 Report portfolio. Africa has more than its fair share of small poor economies because of fragmentation that it inherited from European colonizers. It has become a...
Parliament approves US$2 billion Ghana-China barter deal
Parliament, on Wednesday, 5 December 2018 approved the US$2 billion bauxite barter deal between the government of Ghana and China’s Sinohydro Corporation Limited, according to news reported by Ghana Web. Under the deal Sinohydro would fund the infrastructure projects in Ghana, including roads,...
The High Court grants an interim stay on Hindalco’s bauxite mine closure
The Bombay High Court on Thursday, December 5, granted an interim stay on an order to close Hindalco Industries Limited’s bauxite mine near Kolhapur in Maharashtra. “…we are inclined to grant ad-interim relief to the petitioner (Hindalco) as the petitioner’s unit at Dhangarwadi is directed to be...
ABx announces the completion of stage 1 aluminium fluoride lab in NSW
Australian Bauxite Limited (ABx) announced that its wholly-owned subsidiary ALCORE Limited completed the construction of stage 1 aluminium fluoride lab and acquired the necessary equipment to produce test samples. Per the firm, both the tasks reached ahead of schedule and under the budget. The...
Rio Tinto loads first shipment of bauxite from Amrun mine
Rio Tinto has loaded first shipment of bauxite from its US$1.9 billion Amrun project in Queensland, six weeks ahead of schedule. More than 80,000 tonnes of bauxite are expected to arrive at Rio Tinto’s Yarwun alumina refinery in Gladstone next week. Rio Tinto Aluminium chief executive Alf Barrios...
GSI to provide geological reports of 18 mineral blocks including bauxite by December 2018 for further auction
According to a media update, the Geological Survey of India (GSI) will provide geological reports of 18 mineral blocks to the government in December and 13 more mine blocks by the end of 2019. This is confirmed by an official from GSI. The government has plans to auction more than 100 mineral...
Sarmin Bauxite reportedly completes an independent MRE at Lelouma, Republic of Guinea
A privately-owned bauxite company Sarmin Bauxite Limited has reportedly announced the completion of an independent Mineral Resource Estimate (MRE) on its own bauxite exploration license (Lelouma Licence) located in the Republic of Guinea, West Africa. The MRE is estimated and prepared by SRK...
Saudi Arabia to increase mining revenue to US$64 billion by 2030: Energy Minister
According to a statement made by Saudi Arabia’s Energy Minister Khalid al-Falih on Monday during a mining conference in Cairo, the kingdom aims to raise its mining revenues to US$64 billion by 2030 from current US$17 billion.The kingdom has vast untapped reserves of bauxite, phosphate, gold, copper...
Guinea signs deal with SMB and Winning for country’s first alumina refinery
A consortium of the Societe Miniere de Boke (SMB) and Singapore’s Winning Shipping signed an agreement on Monday, November 26, with Guinea’s government for construction of the country’s first 1 million tonne per year alumina refinery. The refinery is part of a $3 billion project to develop Guinea’s...
SMB to build US$ 1.2 billion railway to link its bauxite mining area with Dapilon port
According to an update by Shanghai Metals Market, Guinea-based bauxite producer Societe Miniere de Boke (SMB) plans to spend US$ 1.2 billion to build a railway track that will link its bauxite mining business with Dapilon port. The news came after the Guinea’s government spokesman Aboubacar Sylla...
Bauxite miners at Raipur stage protest against CMDC appointed contractor for violating promises
Bauxite mining workers in Raipur have reportedly refused to work as a form of protest demanding full wages and alleging that the contractor appointed by Chhattisgarh Mineral Development Corporation (CMDC) was treating them unfairly and giving insufficient money. The protesting miners from the...
Three companies submit bids for bankrupt Dighi Port used for handling bauxite and coal cargoes
Government-owned Jawaharlal Nehru Port Trust (JNPT), Adani Ports and Veritas India along with asset reconstruction company UV ARC have put in bids for the bankrupt Dighi Port, which was developed by IL&FS and Balaji Infra Projects. They submitted the bid to the committee of creditors in Mumbai on...
Alufer Mining successfully delivers its first bauxite cargo to Chalco in China
Alufer Mining of Guinea has delivered its first Capesize shipment of bauxite with a volume of 203,009 tonnes, to the Port of Qingdao, in China. Alufer is an independent mineral exploration and development company with significant bauxite assets in the Republic of Guinea. The bauxite will then be...
Ghana to access US$649 million of Sinohydro infrastructure in exchange of bauxite transaction
Ghana can now access US$ 649 million as the first tranche of the 2 billion dollar Sinohydro infrastructure. In exchange, the country will have to deliver bauxite to China. Mr. Oppong Nkrumah, the Minister of Information, announced the news while addressing journalists at the bi-weekly media...
CDF grants US$1 billion grants to Jamaica Bauxite Institute (JBI) over 5 years
Finance and Public Service Minister of Jamaica, Dr Nigel Clarke said during a parliamentary sitting that Jamaica Bauxite Institute (JBI) has received nearly US$1 billion in budgetary support from the Capital Development Fund (CDF) over the last five years. The House approved the withdrawal of...
CBG achieves first ore at its bauxite production expansion project - Fluor confirms
Fluor Corporation confirmed on Monday, November 19, that Compagnie des Bauxites de Guinée (CBG) achieved first ore at its Bauxite Production Expansion Project in Kamsar. The project reportedly achieved the first ore safely, on budget, and on schedule. Fluor is a global engineering, procurement,...
