Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
Canyon Resources' independent board committee says A2MP's AUD 0.05 (USD 0.036) offer materially undervalues the Cameroon-focused bauxite developer as questions also emerge over A2MP's potential ties to another major shareholder. Canyon Resources' independent board committee has recommended that...
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The fourth largest railway network operator, Indian Railways' East Central Railway (ECR), reported a notable increase in income from all sources, including freight, during the first five months of the current financial year 2024-25. The railway zone's initial revenue reached INR 13,469 crore,...
Guinea's bauxite exports have shown remarkable growth, marking a significant achievement in the global market. However, the country's bauxite exports are growing rapidly and being transported by Capesize bulkers. In 2023, Guinea exported a record 127 million tonnes of bauxite, an impressive...
The National Green Tribunal (NGT) 's decisive action against Mumbai-based Ashapura Meinchem Limited for environmental violations is a major development in India's mining sector. The tribunal's scrutiny comes in response to severe accusations of non-compliance with specific conditions outlined in...
According to China Customs data, China’s unwrought aluminium and aluminium product imports saw a substantial increase of 11.1 per cent year-on-year in July 2024 to stand at 260,000 tonnes. The total imports, including primary metal, unwrought, and alloyed aluminium, in the first seven months of the...
Emirates Global Aluminium (EGA) announced it initiated a bauxite cargo shipment today from its subsidiary Guinea Alumina Corporation (GAC) using a Liquefied Natural Gas-fuelled capsize vessel. It is the world's first-of-a-kind bauxite shipment in a cleaner-energy ship en route to China. This move...
Admir Šahmanović, the Minister of Mining, Oil and Gas, Montenegro, met with former workers of the bauxite mine on the Seoca plateau, who have been waiting for ten years to pay claims from the bankruptcy estate. In a statement from the Ministry, Šahmanović assured the workers that he would strive to...
Guinea's military leadership has introduced a draft constitution to reduce presidential terms and limit the number of terms a president can serve the West African nation with the world's largest bauxite reserves on record. The proposed changes, announced by Jean-Paul Kotembedouno, spokesperson for...
Saudi Arabia’s mining sector is on the cusp of a transformative era, with the Kingdom determined to become a global leader in the industry. Saudi Arabia is rich in minerals essential for various global industries. The Kingdom is transitioning into a leading exporter of diverse energy types, moving...
The Jamaican Minister of State for the Ministry of Agriculture, Fisheries, and Mining, Hon. Frank Witter, has emphasised the critical role of the Jamaica Bauxite Institute (JBI) in the research and governance of bauxite residue management. At the opening ceremony of the JBI International Workshop...
On July 16, 2024, Alcoa Corporation announced the preliminary voting results of its Special Meeting of Stockholders, at which the stockholders approved the Company's issuance of shares in connection with the proposed acquisition of Alumina Limited ("Alumina") by way of a scheme of arrangement...
China’s bauxite imports in May 2024, following a peak in April, reversed and stood below 14 million tonnes. According to China customs data, the country imported 13.549 million tonnes, registering a month-on-month decline of 4.84 per cent from 14.2376 million tonnes and year-on-year fall of 4.63...
Indonesia’s Ministry of Energy and Mineral Resources (ESDM) said it would possibly ease some restrictions on bauxite ore exports, according to statements from ministry spokesperson Agus Cahyono Adi. This proposition followed discussions between ESDM Minister Arifin Tasrif and members of Commission...
Tarun is the founder of Covacsis Technologies and was among the first few in the world to envisage the transformation of the current manufacturing system into algorithmic manufacturing as a next-generation manufacturing reality. Today, Covacsis is a leader in industry-based digital transformational...
According to Fastmarkets report, the Indonesian government is planning to ease the bauxite export ban due to slower-than-expected progress in developing domestic alumina refineries. Indonesia ranks among the world's largest bauxite suppliers, with China as a significant consumer. The ban announced...
This week, notable developments have surfaced in the upstream aluminium sector, covering bauxite, alumina, and primary aluminium. Capesize rates have surged above $30,000 per day, driven notably by unprecedented bauxite shipments from West Africa to China. The sector has seen substantial growth in...
Capesize rates have recently surged past the $30,000 a day mark, largely driven by record-breaking bauxite shipments from West Africa to China. Bauxite, the primary source of aluminium, is a significant minor bulk commodity typically transported on Capesize vessels. According to the US Geological...
Indonesia, with its rich deposits of critical minerals, stands poised at the forefront of the global supply chain, particularly in the burgeoning electric vehicle (EV) market. The 2024 US Geological Survey report underscores Indonesia's dominance, placing it first worldwide in nickel reserves,...
The Jamaica Environment Trust (JET) received a disturbing video early on June 24, 2024, showing the greenish-coloured, polluted waters of the Rio Cobre at Zephyrton, St. Catherine. The Rio Cobre is a river in Jamaica. Its source is Rose Hall Mountain in the northeast of Saint Catherine Parish, and...
