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 shipped its first batch of 62,000 tonnes of bauxite to China’s Xinfa Group
Metro Mining Ltd has shipped its first batch of 62,000 tonnes of bauxite to China from its flagship Bauxite Hills Mine in northern Queensland, Australia. This was purchased by the Xinfa Group, one of China’s largest integrated aluminium companies with refining and smelting facilities in Shandong,...
Pacific Bauxite raising capital for bauxite exploration in Solomon Islands
Pacific Bauxite Limited has announced that it will raise up to $3.5 million to fund exploration at its Nendo Bauxite Project (Nendo) and South-West New Georgia Bauxite Project (SWNG) in the Solomon Islands. The company has received commitments to raise $2.5 million through a two tranche placement...
Bauxite operations stakeholders rejoicing on Rusal ban halt
Local stakeholders of bauxite operations owned by Russian company UC Rusal is beaming with utmost joy since the United States has amended sanctions which it had imposed on key figures in Russia. The month of May thus began with the best positive move ever by putting an end to the blacklisting of...
Guinea gives preliminary approval to a new bauxite project worth US$1.4 billion
Guinea, Africa’s top bauxite producer with the production more than doubled last year to about 50 million tonnes, has approved plans of a Netherland-based company to develop a bauxite mine and alumina refinery worth US$1.4 billion in Guinea, said Guinea’s government on Friday, April 27, 2018....
Metallica enters into a secured loan agreement with South West Pacific Bauxite
Metallica Minerals has entered into a secured loan agreement with South West Pacific Bauxite, 75% owner of Wagina bauxite project. The company will provide South West Pacific Bauxite with A$120,000 loan, in exchange for an option to carry out exclusive due diligence on the Wagina bauxite project in...
EGA & Louis Dreyfus Armateurs to work together for bauxite transshipment in Guinea
The UAE-based largest industrial company, Emirates Global Aluminium, owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has signed a 15-year agreement with LD Ports & Logistics, a subsidiary global marine transport and services group of Louis Dreyfus...
QBL team visits China looking for collaboration on South Johnstone Bauxite Project
Members of the Queensland Bauxite management team responsible for the development of the South Johnstone Bauxite Project are currently visiting several Chinese alumina refineries and aluminium smelters. The visit is a part of it current marketing strategy and a part of the operational plan under...
Bauxite Resources boosts its Ceres bauxite deposit while Mercantile extends its takeover offer
Mercantile OFM’s A11c per share proportional takeover offer for Bauxite Resources has been extended until May 21, while the company is fighting back, boosting its venture Ceres bauxite deposit in the Darling Range, Western Australia by 48%, a company press release confirmed. The exploration project...
Rio Tinto’s bauxite production increases 12% YoY in Q1 2018 driven by operational improvements
Global miner Rio Tinto today announced production results for the first quarter of 2018. The company’s bauxite production in Q1 2018 was 12 per cent higher than the corresponding quarter of 2017, due to continued operational improvements. Rio Tinto produced 12.7 million tonnes of bauxite in the...
Bauxite production likely to ramp-up globally in the next few years
As per the recent report by BMI research, bauxite production is likely to grow globally over the years owing to the estimated increasing production in India, upcoming projects lined up in Australia and Indonesia’s reappearance in the market following the end of the mineral ore export ban. The...
Metro Mining starts mining operations at Bauxite Hills Mine
Metro Mining has commenced mining operations at the Bauxite Hills Mine. Metro Mining Managing Director & CEO Simon Finnis said the Bauxite Hills Mine would feed the ever-growing seaborne bauxite market. Metro’s first shipment has been purchased by China’s Xinfa Group, one of the largest integrated...
Antam’s bauxite production increases 116% YoY in Q1 2018
State-owned diversified miner PT Aneka Tambang (ANTAM) posted a 116 per cent increase in bauxite production in the January-March period 2018. The company produced 200,300 wet metric tons (wmt) of bauxite in the first quarter of 2018. ANTAM's sales volume volume reached 61,380 wmt in the first three...
Bauxite Angola’s mining project in Guinea-Bissau soon to restart
The prolonged wait of an Angolan company Bauxite Angola for resuming its cooperation project, particularly for exploring bauxite deposits seems to finally come to an end in 2018. In 2007, Bauxite Angola had secured rights to the bauxite reserves in Guinea Bissau and in April 2012, the project was...
Australian Bauxite targets Indian market to optimize profits from their Binjour project
Australian Bauxite Limited, the Tasmanian miner reported a consolidated net profit of $170,000 in CY 2017, after a net loss of $160,000 in 2016. The chairman and former Labour state premier Paul Lennon says that the miner has potential to become a “significant corporation” and the venture is worth...
Indonesia’s Antam gets additional export permit for bauxite and nickel
After the limited allowance of ore export in Indonesia, state-owned diversified miner PT Aneka Tambang (Antam) has obtained a new permit recommendation from Energy and Mineral Resources Ministry for bauxite and nickel exports. This will support their plans to boost production and sales of bauxite...
Shanxi willing to ramp-up aluminium smelting capacity with preferred access to bauxite
The government of one of China’s Northern provinces declared in the early part of this week that it would likely to go for the barter choice cuts of its bauxite stores for companies that move aluminium smelting capacity to that area, as reported by Aluminium Insider. Shanxi’s provincial government...
Metro Mining to commence Bauxite Hills operations during week of April 9
Bauxite mining operations, which was delayed by up to one week due to arrival of Tropical Cyclone Nora, is now scheduled to commence the week of 9 April 2018. It is not expected that this delay will have any impact on the 2018 production target, Metro Mining updated. The company said that there...
Nalco eyes opportunity for bauxite assets in Guinea
Realising the fact that Guinea, being the world's largest bauxite reserves with an estimated 7.4 billion tonnes of high-grade bauxite, is a house of irresistible opportunities for aluminium smelters, National Alumininum Company (Nalco) is eyeing the possibility of gaining access to bauxite deposits...
