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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Metallica and Melior sign agreement to create diversified Queensland mining company
Metallica Minerals and Melior Resources on Thursday, September 13, announced that they signed an agreement together to create a diversified Queensland mining company with the aim to boost near-term production potential and the future growth opportunities. Metallica Minerals Ltd. is an Australian...
Australian Bauxite Limited announces half yearly report
Australian Bauxite Limited (ABx) has announced the company’s half yearly report on September 12, noting each of its activities during the period. The most notable one is its incorporation of ALCORE Limited as a wholly owned subsidiary to fund and manage the ALCORE project of developing aluminium...
Inalum’s aluminium output stands at 161,217 tonnes in the first eight months of 2018
The state mining holding company Indonesia Asahan Aluminium (Inalum) has released today, on September 12, its metals output and sales data for the period January-August 2018. Against the expected production of 248,426 tonnes in the entire year of 2018, the company’s output from January to August is...
Viet Phuong Group inks bauxite processing agreement with Lao Government
On September 11, 2018, Viet Phuong Group (VPG) of Vietnam reportedly inked a contract with the Lao Government for exploiting and processing bauxite ore and building an alumina factory in Sekong province of Laos, in presence of VPG General Director Phuong Minh Hue. Hue thanked the authorities of...
Pahang government not to issue bauxite export licenses if moratorium violated
Water, Land and Natural Resources Minister Dr Xavier Jayakumar said in a statement on September 10, 2018 that the Pahang government will not issue export licenses to any firms that violate the moratorium period. He said the ministry had been informed illegal bauxite mining activities were taking...
Jamaica Government signs new bauxite mining agreements with New Day Aluminium
On Thursday, September 6, Jamaica Government signed a new mining agreements with New Day Aluminium (Jamaica) Limited, which is affiliated to Dada Holdings LLC and acquired Noranda's stake in the St Ann Bauxite Limited in 2016. The agreement secures protection of the Cockpit Country and thousands of...
Govt to issue temporary APs for miners to clear existing bauxite stockpile in Pahang
The government has agreed to issue temporary approved permits (APs) to the relevant firms to export and clear the remaining stockpile of the ore located in Pahang. Water, Land and Natural Resources Minister Dr A. Xavier Jayakumar said the decision came after talks between the ministry and the...
Vedanta for the first time receives bauxite from Kodingamali mines, hopes to get more
After managing to run 2 million tonnes per annum refinery for past 10 years with bauxite sourced from several parts of the state and abroad, the aluminium major The Vedanta Limited for the very first time received the raw material from OMC’s Kodingamali mines recently, reported Vedanta’s external...
Pahang miners urge government to lift moratorium on bauxite mining
Mining operators have urged the state government to allow bauxite mining activities after the moratorium end on December 31, 2018. LLT Group (Malaysia) Sdn Bhd, director Datuk Seri Abdul Rahim Abdul, said a set of standard operating procedure (SOP) for bauxite mining activities have been handed to...
Canyon upgrades bauxite resource for its Minim Martap bauxite project
Canyon Resources Limited has reportedly upgraded the JORC 2004 resource for its Minim Martap Bauxite Project in the Adamawa region of Cameroon, alongside Canyon’s existing Birsok Bauxite Project, to a JORC 2012 compliant resource. The resource has 550 million tonnes of an average grade of 45.5 per...
Ghana signs $2 billion Bauxite deal with Sinohydro Corp in China
Ghana’s President Nana Akufo-Addo has announced the signing of $2 billion Master Project Support Agreement (MPSM) between the Government of Ghana and Sinohydro Corporation Limited. The agreement was signed during a state visit to China by President Nana Akufo-Addo. Under the deal Sinohydro will...
Metro Mining signs new binding contract with SPIC for delivery of 300 thousand tonnes of bauxite
Metro Mining Ltd has signed a new binding contract with China’s state-owned State Power Investment Corporation Aluminium and Electric Power Investment Co. Ltd (SPIC) for the delivery of 300,000 WMT (+/- 10%) of bauxite in calendar year 2018.The company said that the demand for Bauxite Hills ore...
Ghana Mine Workers Union supports bauxite barter deal with Sinohydro Group
Members of the Ghana Mine Workers Union (GMWU) have supported the Akufo-Addo Administration’s decision to sign a $2 billion bauxite barter deal with Sinohydro Group Limited. The government is facing criticism from analysts and oppositions on the decision to agree on a loan for infrastructure...
Fitch warns political risks for Ghana govt from $2 billion bauxite deal
The Ghana government is likely to face political risks from its $2 billion bauxite deal with China’s Sinohydro, Global financial analyst Fitch predicts. MyJoyOnline reported that the report comes at a time when Parliament approved $500 million for phase one of the bauxite deal. Under the deal...
Ghana opposition seeks IMF's intervention on $2 billion Bauxite deal with Sinohydro Corp
Ghana’s opposition party seeks the opinion of International Monetary Fund (IMF) regarding the US$2 billion deal agreed between the government and China’s Sinohydro Corp Ltd which assures infrastructure development in Ghana in exchange for bauxite. Under the deal China’s Sinohydro Corp Ltd will...
Vedanta to carry on Lanjigarh alumina refinery expansion without bauxite from Niyamgiri
After putting countless efforts on overcoming local political unrest at Niyamgiri mines for securing bauxite from there, mining baron Anil Agarwal’s Vedanta Ltd. finally decides to put a stop at it and use alternate bauxite resources for expanding Lanjigarh alumina refinery, a top company official...
Ghana must review the recent bauxite agreement with Sinohydro: Says Dr. Baezie
Dr. Camynta Baezie, a former Chief Executive Officer of the State Enterprises Commission suggests the Ghana government should review the US$2 billion worth of bauxite agreement that it recently inked with China. Late July, Ghana’s Finance Minister Ken Ofori-Atta had announced a US$2 billion deal...
Canyon Resources raises $5 million to develop Minim Martap Bauxite Project in Cameroon
According to a report from Proactiveinvestors Australia, Canyon Resources Ltd has raised $5 million from institutional and sophisticated investors. They raised the fund through a heavily oversubscribed share placement comprising of more than 32.2 million shares at a price of 15.5 cents each. The...
