Rio Tinto adds Aurukun's 8 tpa bauxite opportunity to growing Cape York pipeline
The acquisition gives Rio Tinto control of a major undeveloped Cape York resource as it expands its existing Weipa operations and advances new mining areas. Rio Tinto is expanding its Cape York bauxite portfolio by acquiring the Aurukun bauxite project from Glencore and Mitsubishi, adding a...
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...
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Metro Mining officially acquires full ownership of Gulf Alumina
<p>Australia’s Metro Mining announced today that the company has acquired Gulf Alumina Ltd, taking full ownership of the company that it did not own previously. The company will proceed to combine Gulf’s Skardon River project tenements with its own Bauxite Hills mine.</p> <p><img...
Rio Tinto's annual bauxite production reaches record high rising 9% YoY in 2016
<p>Rio Tinto announced full year financial results for 2016 today. Operating cash flow generation reached US$8.5 billion and underlying earnings totalled US$5.1 billion (+12% year-on-year) for the entire tenure ended December 31, 2016. The balance sheet strengthened further with net debt reducing...
GAC grants Fluor the contract for its under-construction bauxite mine
<p>Guinea Alumina Corporation S.A. (GAC), a bauxite mining company, a subsidiary of Emirates Global Aluminium (EGA), yesterday announced that the company granted an engineering and program management consultancy contract worth $700 million to Fluor for its under-construction bauxite mine in the...
Africa Finance Corporation to invest on bauxite mining in Guinea
<p>Africa Finance Corporation (AFC) has announced that they would invest US$205m in Alufer Mining Limited for the development of Guinea-Conakry’s high grade bauxite reserves.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
EGA completes initial developmental work on its Guinea bauxite project
<p>Emirates Global Aluminium (EGA), one of the world’s leading primary aluminium producers, announced on Thursday, February 2, that the company had completed preliminary work on bauxite mining project in Guinea. EGA already has spent US$1 billion in the development of a bauxite mine.<br /><br...
Volkmar Guido Hable and Samarium Tennessine Corp planning further investment in the mining sector
<p>Bulk commodity producers have been continuing to struggle during the last few years with low commodity prices and in efforts to cut costs. A number of facilities have closed down over last few years. However, with the LME prices showing signs of improvement and demand from China continuing to...
Australian Bauxite registers strong fertilizer and cement-grade bauxite sales in Q4 2016
<p>Australian Bauxite Limited (ABx) posted strong growth in fertilizer-grade and cement-grade bauxite sales in the fourth quarter of 2016. The metallurgical grade bauxite business showed little improvement. ABx, in its quarterly report and activity statement, said their bauxite features chemistry...
Saudi Arabia's reliance on alumina imports decreases significantly, 2016 volume down 35% YoY
<p>Saudi Arabia, which is home to the GCC's only integrated aluminium complex- Ma'aden Aluminium (a joint venture between the Saudi Arabian Mining Company and Alcoa), is inching towards becoming fully self-reliant in alumina procurement for metal production within the country. Construction at...
Alcoa to increase global capital investment in order to expand bauxite operations
<p>During the release of 4<sup>th</sup>Quarter and Full Year results, Alcoa’s Chief Executive Officer Roy Harvey says the company wants to “dramatically” ramp up its WA bauxite exports after last month’s first shipment of ore from its Huntly Mine in WA.</p> <p><img...
ANTAM plans to expand alumina projects using bauxite reserves
<p>PT Aneka Tambang (ANTM), a mining company, announced on Wednesday that the company was finalizing its next downstream projects using bauxite reserves and nickel ores. For Bauxites, ANTAM is currently developing Smelter Grade Alumina Refinery (SGAR) plant with PT Inalum.</p> <p><img...
Montenegrin mining company plans 3 million euro investment in bauxite mine
<p>Uniprom Metali, a Montenegro based mining group in Europe, has devised a plan of US$3.2 million (3 million euro) investment in Rudnici Boksita bauxite mining complex to scale up production in the first half of 2017.</p> <p>The funding will be mobilized for upgrading the belt conveyors of the...
Jamaica poised for additional growth in bauxite and minerals sectors
<p>Lester ‘Mike’ Henry, Transport and Mining Minister of Jamaica said on Sunday at Lydford in St Ann, that he expects a jump in the country’s bauxite and minerals sector. The growth, according to him, was due to the policy shift towards profit sharing in downstream operations and...
Gunsynd PLC to acquire 10% stake in Sunshine Minerals that is eyeing bauxite mining in Solomon Islands
<p>Gunsynd PLC on Monday has recently announced its agreement on investing GBP40,000 to acquire 10% stake in Sunshine Minerals Ltd. The invested company is planning to acquire nickel and bauxite deposits in the Solomon Islands.<br /><br />"Whilst this investment is not in line with our recent...
Ghana government to resurrect aluminium company VALCO
<p>The Volta Aluminium Company (VALCO), owned by the government of Ghana, will be resurrected by the government in order to attain ideal capacity. In recent years, the Volta Aluminium Company (VALCO) has faced challenges in energy supply and huge debts.<br /><br /><img...
Rio Tinto to start operations at its new bauxite project
<p>Rio Tinto has awarded a $70 million bulk earthworks contract for infrastructure development to QBrit, a civil engineering firm, at its Amrun bauxite project in northern Queensland.<br /><br />As per company, the contract will create 150 employment opportunities in addition to...
Jamaica's New Day Aluminum gets new GM for its St. Ann bauxite operations
<p>New Day Aluminum Limited of Jamaica has appointed Delroy Dell as the new vice President and General Manager for its bauxite operations in St. Ann. Dell, a former Operations Director with Noranda Bauxite, will manage the mining and shipping operations of New Day (Jamaica) Aluminum. He will also...
Metro Mining doubles mine reserve
<p>Metro Mining Ltd has more than doubled its Direct Shipping Ore Reserve to 96.5 million tonnes by combining the Bauxite Hills Project north of Weipa with the neighboring Skardon River Project.<br /><br />Metro took control of Gulf Alumina Ltd and the Skardon River Project late last year. The...
Outlook 2017: Awaiting opportunities in the bauxite sector
<p>According to CRU, global alumina capacity is forecast to grow by 29.6% over the next ten years, reaching 179.6M tonnes by 2024. Metallurgical grade alumina capacity expansion, primarily in China will drive the growth in demand for bauxite. China's growing need for raw materials to feed its...
