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 Limited reports record aluminium production and 31% rise in EBITDA in Q1 2018
Vedanta Resources plc's subsidiary Vedanta Limited announced consolidated results for the first quarter ended 30 June 2018. The company reported continued strong financial performance. The company reported revenues of INR 22,206 crore, up 15 % YoY and EBITDA of INR 6,529 crore, up 31% YoY. Vedanta...
Metro Mining generated A$ 25.2m revenue for Q2 2018 and recorded its first monthly profit in June
Metro Mining releases its June Quarterly activity Report. The Bauxite Hills Mine was successfully commissioned during the June quarter. The company reported a bauxite sales of 399kt generating A$25.2m of revenue for the quarter and recorded its first monthly profit in June. Six Ocean Going Vessels...
BRL's June quarter report confirms closing of takeover bid by Mercantile OFM and ongoing exploration activities
Bauxite Resources Limited has published its June 2018 Quarterly Activities and Cashflow report with updates on its exploration activities, takeover bid and cash flows. The report confirms that that proposed proportional off-market takeover bid of BRL by Mercantile OFM Pty Ltd closed on 30 June...
Australian Bauxite’s Alcore project receives funding for Stage 1
Australian Bauxite on Tuesday, July 24, reported that its subsidiary ALCORE received the minimum funding to start Stage 1 of the project. Site construction works started in July at the pre-approved pilot plant site in New South Wales, as per the plan, for the production of aluminium fluoride...
GIBADA in Ghana is ready to add value to country’s mineral resources: says Bawumia
Ghana Vice President Dr. Mahamadu Bawumia has declared that the establishment of Ghana Integrated Bauxite and Aluminium Development Authority is about to complete and almost ready to add value to country’s mineral resources. He explicitly said, "We are almost at the end of establishing a government...
Maaden Bauxite and Alumina Company signs amended financing deal with Public Investment Fund
Saudi Arabian Mining Company (Ma’aden) reported that its subsidiary Maaden Bauxite and Alumina Company (MBAC) has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan of SR3.75 billion ($1 billion) which has been reduced to SR3.506 billion ($935 million)...
Ghana government aims at funding country's infrastructure deficit with Sinohydro bauxite deal
Ken Ofori-Atta, Ghana’s s Finance Minister has announced a $2 billion deal with Chinese engineering firm, Sinohydro Group Limited, in the parliament to fund infrastructure projects by the government. He said that the deal which will help the government leveraging the country's bauxite deposits will...
Bauxite mining operations in Weipa could extinct newly found venomous snake, study says
The latest Australian-led research disclosed on Monday, July 16, that bauxite mining could threaten a new species of venomous snake, named Vermicella Parscauda, recently found in Weipa with extinction. Weipa is a reputed mining town on the Gulf of Carpentaria coast of the Cape York Peninsula, where...
ABX signs contract with Aziz Group of Bangladesh for bauxite supply and business development
Australian Bauxite Limited (ABX) announced today, July 18, that it has successfully negotiated a Letter of Intent (LOI) over two important business opportunities with Aziz Group of Bangladesh. As agreed through the Letter of Intent, ABX will develop and supply chemical grade bauxite for the...
Rio Tinto reports improved bauxite production in Q2 and H1 2018; driven by operational efficiency
Rio Tinto releases production results for the second quarter of 2018. Bauxite production reported an increase and alumina and aluminium production reported a drop both in second quarter as well as in H1 2018. Rio Tinto chief executive J-S Jacques said “Operational performance was solid across most...
“Break Silence On Atewa Bauxite Mining” – Concerned Citizens To Akufo-Addo
A member of the Concerned Citizens of Atewa, Oteng Adjei, at a press conference on Thursday has charged the President, Nana Akufo-Addo to break his silence on government’s decision to mine bauxite in the Atewa forest. According to the group, the President has refused to respond to an earlier...
EGA joins hand with AUS to research on bauxite residue utilization
Emirates Global Aluminium (EGA) has signed an agreement with the American University of Sharjah to study the conversion of organic waste into biochar, a stable form of carbon that is used worldwide to improve the potential of soils to support plant life. EGA is interested in the potential of...
Normality resumes at Jamaica's New Day Bauxite Plant: Source says
Normality has been restored at New Day Aluminium (Jamaica) Limited since when it received order from the Industrial Disputes Tribunal (IDT), on Friday, July 6, 2018, for hourly paid workers to end a week-long-go slow. The workers had been on go-slow since June 28, supporting the University and...
Bawumia requests US to partner Ghana to help develop strong bauxite industry
Ghana Vice President Mahamudu Bawumia has requested the United States through the Secretary for Commerce Wilbur Ross, to consider partnering with Ghana for developing a strong bauxite industry in the country. While delivering a speech at the US-Ghana business session, Mahamudu explicitly said that...
Top bauxite exporters from Africa: Guinea remains the leading bauxite supplier while China drives the export
Africa is contributing about 32% of the global bauxite resources. It’s an irony that some of the poorest countries in the world possess the richest bauxite reserves. Africa, though poorly explored as of date, does possess some of the richest reserves of Gibbsitic bauxite. The known reserves are...
Bauxite mining moratorium in Malaysia ends last month but not the uncertainty
Bauxite mining operators and settlers in Bukit Goh, Malaysia, which once used to be a lucrative spot for bauxite mining activities, are still resting in the uncertainty over bauxite mining, even after the mining moratorium ended on June 30. The previous government had extended the moratorium seven...
EGA signs contract with Vedanta to supply bauxite from its mine in Guinea
UAE-based Emirates Global Aluminium (EGA), jointly owned by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has signed a deal with Vedanta to supply bauxite from its mine in Guinea. Under the long-term agreement, EGA will start providing the ore to Vedanta from the...
Jisco backed industrial park in Jamaica to start construction in January
The phased construction of the Jamaica-Gansu Industrial Park, the island's first Special Economic Zone (SEZ) is expected to start next January, Government minister Mike Henry said this to the Jamaican House of Representatives last Wednesday. Jiuquan Iron and Steel Company (JISCO) that operates the...
