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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Metro Mining announces production results for June Quarter
Metro Mining has announced detailed production and shipping results for the June Quarter. The company’s Bauxite Hills Mine in Queensland has experienced a steady ramp-up and is approaching the budgeted operating rates and achieving consistent results on a daily basis. Image Source:Metro Mining...
Guinea says IMF board approves $24 million credit facility
The International Monetary Fund (IMF) has approved $24 million for Guinea to support the economy of the bauxite-producing West African nation, the Finance Ministry said on Wednesday. Guinea, whose economy has been hit by low global commodities prices, reached a deal with the IMF in December giving...
Aggreko completes power station upgradation project at $2.6 billion Rio Amrun bauxite project
Aggreko Australia Pacific has completed the project of upgradation of 20MW power station at Rio Tinto’s Amrun bauxite project in Far North Queensland. Aggreko had received $100 million contract to build and operate a power station at the company’s project in June las year. The new power station has...
EGA completes 50% work on its Guinea bauxite mine project
Emirates Global Aluminium (EGA), which is building $1.4 billion bauxite mine in Guinea, announced that it has completed 50 per cent work on the project. EGA is currently developing a bauxite mine and associated export facilities in the Republic of Guinea, West Africa. First bauxite exports from...
EGA receives first bauxite from Guinea for Al Taweelah alumina refinery
Emirates Global Aluminium (EGA) announced it has received first shipment of 61,450 tonnes of bauxite from Compagnie des Bauxites de Guinée for the commissioning of its under-construction Al Taweelah alumina refinery. Compagnie des Bauxites de Guinée will supply some five million tonnes of bauxite...
Australian Bauxite estimates of Binjour Project Reserves double to 37 million tonnes
Australian Bauxite Limited (ABx) advised the global market yesterday that the reserves at the Binjour Project site are now estimated to total 37 million metric tons, 51 percent above previous estimates for the project. ABx says the results are gleaned from samples taken from over nine hundred drill...
JISCO to invest $3 billion to develop Gansu Industrial Park and Special Economic Zone
Gansu Industrial Park and Special Economic Zone in Nain, St. Elizabeth, where China-based Jiuquan Iron and Steel Company (JISCO) operates the Alpart alumina refinery is going to get a facelift, as the company itself will invest over US$3 billion for the development. Pivotal to Jamaica’s Logistics...
UC Rusal resumes operations at its Friguia alumina refinery
Russian aluminium giant UC Rusal-operated Friguia alumina refinery in Guinea has restarted its operations on Wednesday, June 20, 2018. The news came to focus when the West African country’s mines minister reported to Reuters yesterday, on June 21, 2018. According to the update in May 2017, the...
Rio Tinto obtains infrastructure material for its $2.6 billion Amrun bauxite project
Rio Tinto, one of the world’s largest metals and mining corporations, has reported the receipt of vital infrastructure pieces for its US$2.6 billion Amrun bauxite project on Cape York Peninsula, Queensland. The infrastructure pieces include 550t stacker and 1700t reclaimer, which arrived after 16...
Anrak Aluminium to revive its 1.5 million tonne alumina refinery in Vizag
Anrak Aluminium Limited (AAL), a joint venture of Penna Group and Ras Al Khaimah Investment Authority, is reportedly taking a serious effort to recommence operations at its alumina refinery in Vishakhapatnam, Andhra Pradesh. The company is planning to arrive at a one-time settlement with the...
Rusal starts exporting bauxite from Guinea‘s Dian-Dian mine
Sanctions-hit Russian aluminium giant Rusal has started exporting bauxite from the Dian-Dian bauxite deposit in Guinea’s Boké Province. The exports follow the completion of the first stage of development of the bauxite deposit. With an annual capacity of 3 million tonnes, Dian-Dian is the world's...
Metro Mining to raise US$17.5 million through a share placement
Metro Mining Ltd. has received an approval for a trading halt as it sets a target to raise US$17.5 million through a share placement priced at 20 cents. Funding from the placement is likely to boost Metro’s working capital position during production ramp-up and product sale negotiations while...
First Bauxite secures second bridge loan for Bonasika Bauxite Project
First Bauxite Corporation said that it has secured a second bridge loan for its Bonasika Bauxite Project located in Guyana. Resource Capital Fund VI L.P. (RCF VI) will provide additional financing under a second bridge loan facility to the company in the principal amount of up to US$10 million. The...
Chalco targets Boffa bauxite project in Guinea by end-2019
According to the report by Reuters, Aluminium Corp of China (Chalco) has signed an agreement with Guinea government, on June 8 in Conakry, to develop the Boffa bauxite project in the west of the country. According to the agreement signed, Chalco Guinea Company would be granted mining licenses for...
Jamaican government negotiating with US to continue smooth operation in Rusal's Windalco Plant
Jamaican government is undergoing discussions with the United States Treasury Department to secure a waiver for Jamaica as the Administration moves to address any fallout from US sanctions against UC Rusal which has alumna/bauxite operations in Jamaica. “The talks are progressing favourably, but we...
Indian operators to restart CAL bauxite mining project: Sources said
As confirmed by some trusted sources, Indian operators are going to relaunch the long-awaited Cameroon Alumina Limited’s (CAL) bauxite mining project. It’s been over years now this plan was proposed to set up a Greenfield project involving bauxite mining, a 3 million-tonnes-per-annum alumina...
Metro’s first two bauxite shipments successfully arrive in China
Metro Mining happily announced a successful arrival of its first two shipments 123kt bauxite in China and confirmed the receipt of payment from off-take partner Xinfa Group. Xinfa Group, which has a 4-year off-take agreement with Metro, was responsible for handling the delivery of the shipment from...
Ghana aims at developing aluminium and bauxite industry: said Bawumia
Speaking at the African Sovereignty Wealth Funds Summit on Friday, June 1, 2018, Ghana Vice-President Dr. Mahamudu Bawumia emphasised that African leaders and businesses should increasingly make the best use of natural resources deposited in the land to create wealth. He said, “Africa has hundreds...
