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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Jamaica Bauxite Mining and CAP to merge into a new listed company on Jamaica Stock Exchange
Jamaican Government has announced plans to merge Clarendon Alumina Partners (CAP) and the Jamaica Bauxite Mining Limited. The joint company will be listed in Jamaica Stock Exchange. Jamaica Bauxite Mining owns 51 per cent of the old Kaiser operations. CAP has a 45 per cent stake in bauxite company...
Nalco to invest Rs. 7000 crore to Rs. 12000 crore for alumina refinery in Vishakapatnam
Odisha-based Asia’s largest integrated aluminium complex National Aluminium Company’s (Nalco) business expansion is on a roll. It is ready to invest INR 7000 crore to INR 12000 crore to set up a 1.4 million tonne or 2 million tonne alumina refinery in Vishakapatnam, as disclosed in an exclusive...
Alumina Limited to expand bauxite production on anticipating bauxite shortage in China
On anticipating the shortage of bauxite availability in China within the next three years, Alumina Limited would consider acquiring new bauxite assets. It would even consider ramping up the production capacities of its existing mines. Alumina and its joint venture partner Alcoa have exposure to...
AU Capital Mining’s licence to explore bauxite suspended
The Australian mining company, AU Capital Mining, co-owned by Pacific Bauxite, has had its exploration licence suspended in the Solomon Islands. Bradley Tovosia, Minister of Mines in Solomon Islands, said the exploration licence was suspended because the company had not had amicable relations with...
Ivorian Miner is in talks with Sumitomo for bauxite deposit venture worth $375 million
Lagune Exploitation Afrique in Ivory Coast reported that it is in talks with a unit of Sumitomo Corp. to build a partnership and develop a bauxite deposit and two alumina plants for 218 billion CFA francs (US$375 million). More details are not available yet other than the fact that Lagune is...
Guinea President reshuffles government overnight on the face of repeated strikes at Bauxite mines
The repeated instances of civil unrest in Guinea, particularly in the mineral-rich region of Boké in the west of the country have been incessantly growing over time. Guineans claim that the mining companies in Guinea failed to contribute to their wellbeing, despite being a country with the highest...
First Bauxite Corporation receives additional orders from China and Europe for bauxite
First Bauxite Corporation announced that its subsidiary, Guyana Industrial Minerals Inc. (GINMIN), has received additional orders from customers in China and Europe for bauxite ore. The Company expects the first bulk shipment to Europe of 5-10,000 metric tonnes to occur in June/July 2018 and the...
Australia Bauxite Ltd. to fund Stage 1 of its bauxite refining project ALCORE
After almost two months, Tasmanian miner, Australia Bauxite Ltd. has made a significant progress with its bauxite refining project ALCORE. In our previous news, we had reported that engineering and cost study for the first stage was finished, including the construction of an engineering validation...
Chalco to invest in Guinea’s Boffa bauxite project
China’s Aluminium Corp of China (Chalco) said in an exchange filing that its Hong Kong unit will invest up to $163.8 million in the Boffa bauxite project in Guinea, which has a total cost of $706 million. The board has approved the investment and the final decision awaits shareholders’ review and...
Environmentalists urge Ghana government to exclude Atiwa forest from bauxite exploitation agreement
Environmental protection organisations have urged Ghana government to halt the planned mining of bauxite in the Atiwa Forest Reserve and to completely exclude it from the bauxite mining agreement because of water provision services and ecological reasons, Ghana News Agency reported. The...
Guinea approves $2.9 billion with China's TBEA for a bauxite project
As another milestone in the development of bauxite/alumina industry in the West African nation, Guinean lawmakers approved a $2.9 billion deal with China’s TBEA Co Ltd for the development of a bauxite-alumina project there. The project will include development of a bauxite mine and the construction...
SMB resumes operation at its bauxite mine in Guinea
Societe Miniere de Boke (SMB) has resumed operations at its bauxite mine after a nearly two-week strike in Guinea, the company’s Managing Director said on Wednesday. “The overwhelming majority of workers went back to work this morning even if there are a few scattered blockages without any impact...
Former Head of NICIL defends Rusal bauxite operations in Guyana
Former Head of the National Industrial and Commercial Investments Limited (NICIL) IN Guyana, Winston Brassington has defended the decision to bring back Russian bauxite company Rusal to Guyana. According to him it was in favour of the local industry and Rusal was the only company to show interest...
Boost in bauxite mining and reopening of Alpart drives production of heavy-duty trucks in Jamaica
With the expansion of bauxite mining sector and reopening of Alpart refinery, players in the local mining, haulage and construction sectors in Jamaica are anticipating a boost in their production capacity with the availability of brand new heavy-duty trucks for purchase in Jamaica. The trucks are...
Metro Mining on track to reach its 2018 loading target of 10,000 tonnes of bauxite per day
Metro Mining’s Bauxite Hills Mine which has shipped 62,000 tonnes of bauxite on May 7 to Xinfa Group in China, one of the country’s largest integrated aluminium companies is on track to load 10,000 tonnes of bauxite per day. The project is forecast to generate EBITDA of $2.5 billion. The Bauxite...
Solomon Islands bauxite export grows about 139% YoY in 2017
Solomon Islands’ export of bauxite represents 93 per cent of the total exports of the country. The country exports bauxite mainly to China and India. China is the largest bauxite market for the country. Solomon Islands exported 174,189 tonnes of bauxite to China in March 2018, up 75 per cent from...
Mercantile's takeover bid for BRL continues to remain valid despite rejection by company's general meeting
Bauxite Resources Limited has received advice from legal counsellor that the rejection of the proportional takeover bid made by Mercantile OFM Pty Ltd (Mercantile) at the Company’s general meeting held on 23 March 2018 will not be applicable to the Mercantile bid. The board has accepted this advice...
Queensland Resources Council welcomes export deal for Queensland bauxite
The Queensland Resources Council has welcomed a new four-year export deal secured for Queensland bauxite with one of China’s largest integrated aluminium companies. QRC Chief Executive Ian Macfarlane said the Queensland resources sector contributed $55 billion – or 78% – of Queensland’s $70 billion...
