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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Vedanta secures approval for its Lanjigarh alumina refinery expansion worth of INR 5,600 crore
Vedanta Resources Plc reported that it received approvals for expansion of its alumina refinery at Lanjigarh in Odisha, and inked contracts with Emirates Global Aluminium for bauxite. The present capacity of the refinery is 2 million tonnes per annum which are expected to expand by 2021, said CEO...
Bambang Susigit shares his observation on cancellation of export permit for four miners
According to the report published in Kontan.co.id, the ministry's mineral business supervision director Bambang Susigit confirms that the government has temporarily revoked four concentrate export permits as the four mining companies have failed to fulfil commitments to develop smelters as part of...
1400 Alcoa workers unanimously voted for indefinite strike at bauxite mines
According to the latest report on August 18, around 1400 workers have voted almost unanimously in favour of an indefinite strike that started last week for 20 months of negotiation. Workers from the Huntley and Willowdale bauxite mines, Bunbury Port, and the Kwinana, Pinjarra and Wagerup refineries...
Metallica Minerals and other emerging Australian miners focusing on China for new bauxite deals
CM Group projected Chinese demand for bauxite to increase by 65-70 million tonnes a year over the next five to seven years. It will be driven primarily by upcoming new alumina refining capacity, about 60 per cent of whose demand will be met by imported bauxite. Metro Mining has recently entered...
Global bauxite production to grow: Fitch Solutions
Fitch Solutions Macro Research just published an update to a previous study looking at the global bauxite market. In the most recent version of the document, the firm states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia...
Ghana to construct 10,000 housing units for security personnel under Sinohydro deal
Ghana Vice President Dr. Mahamudu Bawumia declared that around 10,000 housing units would be constructed in Ghana for security personnel across the country under the infrastructure of US$2 billion worth of barter trade bauxite deal signed with Chinese Sinohydro Group. This initiative for the...
Metro Mining secures offtake agreements with its Chinese partners for its Bauxite Hills productions
Metro Mining has secured and signed further bauxite offtake agreements with its Chinese partners for the supply of its 2018-2019 production from its Bauxite Hills operation in Far North Queensland. After securing the two new agreements, about 90% of Metro’s planned 2018 production is sold or...
AFC announces completion and first shipment of Bel Air mine in Guinea
Infrastructure development finance institution Africa Finance Corporation (AFC) on Wednesday announced the on time completion of the Bel Air mine, in Guinea on Wednesday. It also announces the first successful shipment of high-grade bauxite to China. The construction of the mine was completed on...
GNCCI agrees to support Ghana’s integrated bauxite and aluminium project
The Ghana National Chamber of Commerce and Industry (GNCCI) has agreed to lend its support to the Integrated Bauxite and Aluminium Project of the country, stating that this project represents an excellent step to market the country’s own bauxite reserves. Mark Badu-Aboagye, president of the GNNCI,...
Nalco comes forward for bauxite mining in Visakha agency
The National Aluminium Company Limited (Nalco), a government of India Enterprise and Navaratna Company, has come forward for bauxite mining in the agency area of Visakhapatnam district, along with a plan to set up an aluminium plant. Minister of state for mines Haribhai Parthibhai Chaudhary...
Australian Bauxite Limited says it has global licence rights for refining technology
Australian Bauxite Limited told the ASX wholly owned subsidiary ALCORE Limited would have the world rights for refining with its ALCORE technology. It said the technology aimed to refine raw bauxite to produce aluminium fluoride and other valuable co-products. "... in the longer term, these global...
CMDC starts tender process for bauxite exploration in the state
According to an update from the office of Chhattisgarh Mineral Development Corporation (CMDC) the organization has started the tendering process for carrying out detailed exploration of different Bauxite and Iron Ore blocks in the State. The Corporation has also started processing tender for...
Vedanta's aluminium business reports higher revenue and EBITDA in Q1 on higher volumes and LME prices
Vedanta Resources releases Production and Financial Results for the First Quarter ended 30 June 2018. The company reports record quarterly aluminium production at 482,000 tonnes, up 37% YoY and commencement of Odisha bauxite delivery to its refinery. The Lanjigarh refinery produced 325,000 tonnes...
Government suspects schemes behind Ghana Bauxite Company's loss claims for five years
General Manager of Ghana Bauxite Company, J.K Fang, has said that despite various operational challenges, the company managed to register profits for the first time in bauxite mining for two years. Ghana Bauxite Company is facing allegations that the company is hiding facts to evade tax payment to...
Malaysian Ministry to meet bauxite miners in Pahang over future of bauxite mining
Followed by the announcement to extend bauxite mining moratorium through December in Malaysia, Minister of Water, Land and Natural Resources Dr. A. Xavier Jayakumar said the Pahang State government would be the one to decide on whether to lift the moratorium or not in the future. Speaking to...
Bauxite mining moratorium in Malaysia further extends to end of 2018
After a month of uncertainty over bauxite mining, when the mining moratorium period officially ended on June 30, the Malaysian government announced it has extended its 2016 moratorium on bauxite mining until the end of 2018, as large stockpiles of bauxite in the ports still remain to be cleared....
Rio Tinto’s aluminium business records 15% higher gross sales revenue in H1 2018
Rio Tinto has announced yet another strong set of results in H1 2018 with an underlying EBITDA of US$9.2 billion and operating cash flow of US$5.2 billion for the entire group of companies, followed by declaring its superior returns of US$7.2 billion to shareholders comprising of US$3.2 billion...
Higher bauxite sales volume drives Rio Tinto's underlying EBITDA for aluminium business in H1 2018
Rio Tinto has released its H1 2018 financial results on August 1, 2018. The Aluminium group’s underlying EBITDA increased by ten per cent compared with H1 2017, driven significantly by higher bauxite volumes and stronger pricing. Rio Tinto’s H1 bauxite production of 25.9 million tonnes was up 7%...
