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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RBI directs lead lender State Bank of India to move NCLT seeking insolvency for Anrak Aluminium
As reported by Economic Times, after the rejection of the insolvency petition filed by Anrak Aluminium by National Company Law Tribunal (NCLT) in the 'interest of the nation', the Reserve Bank of India (RBI) has directed the lead lender State Bank of India to move the tribunal seeking insolvency....
Transport of bauxite to be thoroughly streamlined
Several improvements will be implemented to streamline the transportation of bauxite for export after the stockpile seizure order was withdrawn by the Malaysian Anti-Corruption Commission (MACC). The Natural Resources and Environment Ministry said these improvements encompassed a more detailed...
Guinea gives go-ahead to $2.8 bln Chinese bauxite, aluminium investments
Guinea's government has approved a more than $2.8 billion investment by Chinese company TBEA Co Ltd in a new bauxite mine, an aluminium refinery and an aluminium smelter, the mines ministry said on Friday. Guinea has about a third of the world's bauxite reserves but output has lagged, largely due...
Retracting moratorium on bauxite mining may raise renewed environmental concerns in Pahang
Gerakan Hentikan Pencemaran Bauksit (Geram) chairman Ali Akhbar Othman said recently in Pahang that Malaysian Anti-Corruption Commission (MACC) must first finalise the proper standard operating procedures (SOP) before deciding on the withdrawal of moratorium on bauxite mining. MACC’s recent...
BRL requests shareholders to vote in favour of the proposed capital return
On 15 December 2017, Bauxite Resources Ltd announced a proposal to make a capital return of 5 cents per share, subject to shareholders approval. The board is currently reviewing its capital management initiatives, a press release from the company says. According to the press brief, the Company...
Jamaican govt identifying new bauxite mining sites for Noranda Jamaica Partnership
Identification of new bauxite mining sites is on in Jamaica for licensing to the operators of Noranda Jamaica. The new bauxite mines will replace the now denied sites to the company which lies within the Cockpit Country’s protected boundaries. "We are advised that the commissioner of mines and...
CMDC seeks 99.35 hectares of forest land diversion in Chhattisgarh India for bauxite mine
According to a State Government official, Chhattisgarh Mineral Development Corporation Ltd. (CMDC) has sought 99.35 hectares of forest land diversion in Chhattisgarh to develop bauxite mining. CMDC aims to search major and minor minerals and precious stones and seek mining rights for exploration...
Malaysia further extends moratorium on bauxite mining till June 30, 2018
The Malaysian government has prolonged the period of moratorium on bauxite mining in Pahang for another six months till June 30 next year, which was supposed to expire on December 31. Natural Resources and Environment Ministry said in a statement that the cabinet has decided to extend the ban on...
Philippines bauxite mining sector to benefit from Canada’s sustainability standards
Philippines Chamber of Mines is set to implement a set of sustainability standards developed by the Mining Association of Canada (MAC). Launched in 2004, the standards named ‘Towards Sustainable Mining’ (TSM) requires companies operating in various mining sectors to assess the performance of their...
MACC announces withdrawal of the bauxite seizure order
The Malaysian Anti-Corruption Commission (MACC) has decided to withdraw seizure order on 10 million tonnes of bauxite stockpile in Pahang. The decision was made following the Natural Resources and Environment Ministry (NRE), Department of Minerals and Geoscience and the state government agreed to...
Metro signs bauxite supply agreement with SPIC
Metro Mining Limited signed a non-binding Memorandum of Understanding regarding a bauxite offtake agreement with the Chinese State-owned Enterprise, SPIC Aluminium and Electric Power Investment Co. Ltd. Metro will supply 6.5 million tonnes of bauxite over a period of four years from May 2018. Metro...
Bauxite Resources Limited lodged its Target’s Statement
Bauxite Resources Limited advises that it has today lodged its Target’s Statement in relation to the Bidder’s Statement for the Off Market Cash Offer from Mercantile OFM Pty Ltd. Mercantile OFM has made an offer of 9 cents per share for 50% of your shares in BRL. The Company’s directors engaged BDO...
Bauxite Resources Ltd offers capital return of 5c a share to shareholders
Bauxite Resources said that they set aside $10.7-million of its cash to reward shareholders with a capital return of 5c a share. This came as a counter move to thwart a takeover bid from Mercantile Investment Company. In November, Mercantile has announced an off-market takeover bid for Bauxite...
Mercantile Investment Company submits bidder’s statement for Bauxite Resources Limited
Mercantile OFM Pty Limited, a Melbourne based investment company has announced that further to the bidding announcements made in November 2017 by them for Bauxite Resources Ltd, they have completed sending its bidder’s statement, offers and supplementary bidder’s statement to shareholders of...
Guinea allowed $650 mln in non-concessional loans under IMF programme
Guinea will be allowed $650 million in non-concessional borrowing under a new three-year International Monetary Fund (IMF) programme, allowing it to boost spending on infrastructure projects, the finance minister said on Tuesday. The IMF is itself lending Guinea - Africa’s top producer of the...
AMR's bauxite mine starts production in Guinea
Alliance Miniere Responsable (AMR), Paris-based company developing bauxite project in the Boké region of Guinea, announced on Tuesday that the company began production at its Guinean bauxite mine. AMR is expected to increase bauxite production to 10 million tonnes per annum in the next two years....
Rio Tinto launches recruitment drive at its Weipa bauxite operations
Rio Tinto has launched a recruitment drive for more than 100 workers at its bauxite mines in Far North Queensland. The new roles available across Rio Tinto’s operations at Weipa including existing mines at Andoom and East Weipa and the new Amrun mine located south of the Embley River between Weipa...
Australian Bauxite reports ALCORE project update
Leading bauxite producer, Australian Bauxite Limited reported progress on the ALCORE project as per schedule announced to the Australian Stock Exchange on November 13, 2017. The project aims at developing bauxite beneficiation and refining technology that will be used to produce Aluminium Fluoride...
