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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Anrak Aluminium gets HC breather on a RBI circular initiating insolvency process for the company
Anrak Aluminium has got another relief from High Court in its way to restart operation at its alumina/aluminium plant. The Hyderabad High Court on Thursday, November 16 refused to stay an RBI circular that directed Anrak aluminium company to be put on the anvil of insolvency process at the National...
Nalco to bid for bauxite blocks and start merchant mining of the raw material
The state-run National Aluminium Company Limited has reportedly decided to bid at the auctions of 21 bauxite blocks to be put up for allocation by the governments of Jharkhand, Chhattisgarh, and Madhya Pradesh. According to the report, Nalco will put in bids for captive consumption and start...
IMF advises Jamaica to seek durable solution for Windalco and CAP under growing fiscal risks
The International Monetary Fund (IMF) is indicating emerging fiscal risks for Jamaica, especially in the bauxite and energy sectors. The organization suggests careful handling of the risks as they might affect the undergoing economic programme in the country. IMF’s latest review of Jamaica's...
Canyon Resources spots high-grade bauxite trend at Minim Martap Project
Canyon Resources Ltd. discovered a cluster of high-grade, low-containment bauxite trend within its existing resource at Minim Martap Project in Cameroon, said the company’s chief geologist Alexander Shaw. The company reportedly identified this bauxite trend through detailed analysis of remote...
GSI report indicates about 5.88 million tonnes of bauxite reserves in Meghalaya, India
According to an official of the Geological Survey of India (GSI), the remote region of North-east India has mineral reserves worth more than INR 10 lakh crore. However, these mineral reserves which are found in the land-locked region have not been explored. According to Tapan Pal, Director, PSS,...
Vedanta to invest INR 15,000 crore in Odisha to raise alumina refinery capacity
Vedanta Resources Chairman Anil Agarwal announced on Monday, November 12, about its plan to invest INR 15,000 crore for ramping up the alumina refinery capacity at Lanjigarh to 6 million tonnes per annum and firming up the downstream sector in Odisha in next three years. “The expansion of the...
JISCO gets a pass on bauxite levy, but not income tax
The Ministry of Finance and the Public Service has now advised Auditor General Pamela Munroe Ellis that Chinese outfit Jinquan Iron and Steel Company, which operates the Alpart plant in St Elizabeth, has been granted a waiver of the bauxite production levy for five years. Munroe Ellis had raised...
Hydro supports ICSOBA’s 36th International Conference and Exhibition as host sponsor in Belem
On October 29 to November 1, Belem, the capital of the Para state of Brazil held the 36th International Conference and Exhibition of ICSOBA. The selection of Belem for the 36th International Conference and Exhibition followed ICSOBA’s practice of rotating the venue of International Meetings to...
Metallica Minerals inks contract for the build of a haul road to link Urquhart Bauxite project
An Australian bauxite developer Metallica Minerals Ltd. reportedly announced today, on November 9, that it signed an agreement that would allow the construction of a haul road to link Metallica’s Urquhart Bauxite project and the barge loading facilities at the nearby Hey Point in Queensland. This...
First locomotives for EGA’s bauxite mining project arrive in Guinea
Emirates Global Aluminium announced the arrival of two SD40-2 shunting-locomotives that will be used on its under-construction bauxite mining project in in Guinea. The locomotives will be used to move rail wagons around Guinea Alumina Corporation’s loading area at its mine location and at its...
Metro Mining to increase production to 3.5M (WMT) at Bauxite Hills Mine
Metro Mining Ltd will increase bauxite production from Bauxite Hills Mine to 3.5 million wet metric tonnes to meet customer demand. The company plans a series of initiatives and will be predominately implemented in Q1 of 2019 during the planned wet season shutdown at Bauxite Hills and long lead...
Canyon appoints Mr. Tolga Kumova as strategic advisor for its Minim Martap bauxite project
The Australia-based bauxite explorer Canyon Resources announced on November 5 that it appointed a leading mining entrepreneur Mr. Tolga Kumova, who ranked no. 26 on Financial Review’s Young Rich List this year, for the role of strategic advisor. As per the job role assigned, Mr. Kumova will help...
Cosco Shipping to order 25 capesize vessels to move bauxite from Guinea to China
According to a Wall Street Journal report, Chinese Cosco Shipping Cop. is in discussion with shipyards in China to order about 25 large ships to ship bauxite from the West African country of Guinea to China for using in the alumina refineries. The development is an extension of a plan by state...
WZ Satu Bhd attributes Q4 losses to cost overrun and impairment in bauxite mining business
WZ Satu Bhd has reported results for the fourth quarter ended Aug 31 and blamed overrunning costs at two big projects and a huge damage incurred in the group’s mining business due to mining ban in Malaysia for the losses made in this quarter. WZ Satu Bhd which started as WZ Steel Berhad and assumed...
Herbert Smith Freehills (HSF) helps Japanese company sell stake in Australian mine
Herbert Smith Freehills (HSF) advised ITOCHU Corporation on its $250m sale of its 5% stake in a bauxite mining and alumina refinery in Western Australia. The Japanese general trading company sold its interest in the Worsley Alumina project near Boddington to Press Metal Bintulu, which is 80% owned...
Chalco starts construction work of its Boffa bauxite mine in Guinea
Aluminium Corporation of China Limited, known as Chalco, officially announced on its website on Monday, October 29, that it started the construction work of its Boffa bauxite mine in Guinea. According to the Reuters report, the company held the groundbreaking ceremony on Sunday, October 28, at...
Bauxite Resources Ltd updates on it September quarter activities and JV with HD Mining
Bauxite Resources Ltd (BRL) has released its September 2018 Quarterly Report. The report updates on its ongoing projects and future plans. The company continued work on silica sand projects at Albany, Esperance and Gingin and hard-rock quartz projects in Halls Creek, South West WA and Far North...
Hydro’s Alunorte bauxite deposit area receives suspension of embargo from IBAMA
Brazilian federal environment agency IBAMA has reportedly lifted the embargo on Hydro’s new Alunorte bauxite residue deposit area DRS2, but embargo from the federal court system still remains in place. IBAMA has lifted the embargo after reviewing information requested by Alunorte and SEMAS, the...
