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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Rio Tinto reports record EBITDA and cash generation for full year 2017
Rio Tinto announces financial results for 2017 with a cash generation of $13.9 billion, full year dividend of record $5.2 billion and an additional $1 billion share buy-back. The share buy-back will be completed by the end of 2018. Commenting on the results, Rio Tinto chief executive J-S Jacques...
Bauxite Resources and Mercantile continue battles over BRL takeover bid
Bauxite Resources has lodged a Supplementary Target’s Statement on Feb 2 in relation to the recent Bidder’s Statement for the Off Market Cash Offer from Mercantile OFM. Mercantile OFM recently increased its offer to 11 cents per share for 50% of your shares in BRL (6 cents per share after the 5...
Australia bauxite export readies for a competitive year ahead
Australian bauxite export market is pegged at around US$30 million in 2018. After reaching an estimated 24 million tonnes in 2017, total bauxite export from the country is expected to total at 21 million tonnes this year. An earlier Department of Industry, Innovation and Science (DIIS) report had...
Guinea bauxite export to reach 35 mln tonnes in 2018; GDM ships its first consignment
Guinea has started 2018 with big export plans. One of its bauxite mining companies La Guineenne des Mines (GDM) announced shipment of their first bauxite consignment from a western Boke project yesterday. The miner said it aims to export 2 to 4 million tonnes bauxite this year. Guinea has been...
Australian Bauxite boasts solid financials, says all projects are on schedule
The bauxite exploration and development company Australian Bauxite (ABx) has announced its quarterly highlights for the period ending December 31, 2017. The company said it was able to complete all its sales despatches successfully as scheduled and even loaded and shipped a combined 35,000 tonnes...
ANTAM’s bauxite sales increases 181% in FY17
The state-owned mining and metals company Aneka Tambang (ANTAM) has announced its unaudited net sales value for 2017. The company has published net sales of IDR12.55 trillion in 2017 (FY17), up 38 per cent from IDR9.11 trillion in 2016 (FY16). ANTAM has reported 181 per cent increase in bauxite...
Chhattisgarh govt confirms one bauxite block ready for auction; more blocks to be explored
In a bid to enhance production, Chhattisgarh Mineral Development Corporation Ltd. (CMDC) has sought forest land diversion of 99.35 hectares of land in the state. The Corporation intends to carry out detailed exploration of more number of bauxite blocks and develop Pathrai Bauxite mines in the...
Mercantile further extends offer period for BRL takeover bid to Feb 28
In an update regarding Mercantile OFM’s acquisition of up to 50 per cent of the issued shares in Bauxite Resources Limited, the miner announced that Mercantile has increased the bid consideration to 11 cents from the earlier 9 cents for one of every two of its shares. Further, it has extended the...
First Bauxite Corporation secures a bridge loan for its Bonasika Bauxite Project
First Bauxite Corporation has announced that it has entered into a loan with Resource Capital Fund VI L.P. for a bridge loan facility with a principal amount of up to US$5 million. The fund from the Bridge Loan would be used for the purpose of funding development initiatives related to the direct...
Rio Tinto's Amrun bauxite project expected to support further capacity expansion and technological innovation
Rio Tinto's $US1.9 billion ($2.4 billion) Amrun bauxite project is now 75 per cent complete and the Amrun team is soon expected to award some more contracts associated with the project. Amrun project will produce 22.8 million tonnes of bauxite annually starting in mid-2019. According to Rio's...
MoEFCC to examine Nalco’s application for its Pottangi bauxite mine
National Aluminium Company Limited (NALCO) has submitted an application for environmental clearance with the Ministry of Environment, Forest & Climate Change (MoEFCC) for its bauxite mine in Pottangi, Odisha. The expert committee of the Ministry of Environment, Forest & Climate Change will examine...
Strong operational performances at Gove & Weipa lift Rio Tinto’s 2017 bauxite production
Global miner Rio Tinto today announced production results for the fourth quarter and full year 2017. Rio Tinto’s bauxite production in 2017 was six per cent higher than 2016. The company produced 50.8 million tonnes of bauxite in 2017. “Production at Gove was 23 per cent higher than 2016,...
Lindian Resources set to start drilling at Lushoto Bauxite Project in Tanzania
According to an update from proactiveinvestors Australia, Lindian Resources Ltd is set to start drilling at the Lushoto Bauxite Project in Tanzania. The company has received a fund of $500,000 for 12 months, to undertake drilling at Magambe deposit. This was one of the key objectives behind the...
China imports 61 million tonnes of bauxite during January- November 2017
China imported 61.44 million tonnes of bauxite in the first eleven months of 2017, up 30.55 per cent year-on year. In November, the country’s import of bauxite increased 13.89 per cent year-on year to 5.8 million tonnes. Nov YoY (%) Jan-Nov YoY (%) Data Source: Shanghai Metals Market Guinea’s...
India’s bauxite production declines 73% YoY to 7.26 MT in FY17
India’s Ministry of Mines informed Parliament today that bauxite production in the country has dropped by almost 73 per cent to 7,269 thousand tonnes (7.26 million tonnes) in financial year 2016-17. The sharp drop in production from 27,146 thousand tonnes (27.1 million tonnes) in FY 2015-16 can be...
Nalco to inaugurate three projects on its foundation day
Nalco CMD TK Chand said that the company will dedicate three major projects to the nation on its foundation day celebration on 5th January. The three projects include South Block Bauxite Mines, Panchpatmali, Odisha, 18.5 MW Turbo Generator at Alumina Refinery, Damanjodi and Nano Technology based...
Metallica Minerals receives mining lease for Urquhart Bauxite Project
Metallica Minerals Limited today announced that it has received the mining lease for the Urquhart Bauxite Project from the Queensland Department of Natural Resources and Mines. The company is now awaiting a separate approval for construction of the haul road linking the project to established port...
SEC approves Marcventures' merger with 2 mining firms
The Securities and Exchange Commission (SEC) green lighted the merger of Marcventures Holdings Incorporated with two mining firms: Brightgreen Resources Holdings Incorporated (BHI) and Asia Pilot Mining Philippines Corporation (APMPC). Marcventures will become the surviving entity. The listed firm...
