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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On April 20, 2023, a Chinese industry expert advised that China, the largest aluminium producer globally, needs to enhance local bauxite mining to reduce its growing dependency on imported resources. Meng Jie, a Deputy Secretary General of the aluminium branch at the China Nonferrous Metals...
According to Vietnam's latest geological and mineral strategy, the country is eyeing to bolster governance over the use of mineral resources and strengthen investment in mining technology while establishing a state-of-art mining sector that adheres to environmental protection. In accordance with...
On March 31, 2023, Alcoa Corporation announced that its engineering crews are repairing Alumar's two-belt system that conveys raw materials from the pier. On March 25, 2023, the conveyance system—which transports bauxite, coal, coke, and pitch—broke down, blocking the offloading of supplies. The...
Winning Logistics in Guinea awarded Konecranes an order for two Konecranes Gottwald Cranes on Barge in the first quarter of 2023. Winning will use ten Konecranes Gottwald Cranes on Barge to load ships with bauxite off the coast of West Africa after on-site commissioning in Q3 2024. Konecranes is a...
On March 29, 2023, a train accident occurred in the district of Tinguilinta in the sub-prefecture of Tanéné in Boké. According to our information, a CBG train loaded with Bauxite in the province from Sangaredi struck a machine in which a young employee of a security company was present. It has been...
The growing focus on a carbon-neutral world and the implementation of a circular economy has changed the course of the aluminium industry, driving manufacturers to adopt sustainable methodology in the production process. This new transformation has touched upon the entire value chain – from bauxite...
After being declared bankrupt, Alu Ibérica LC S.L., located in the Galicia region of Spain, arranged for a €1.2 million loan from the European Globalisation Adjustment Fund for Displaced Workers (EGF) to fund new jobs for 303 of its ex-employees. On March 16, the European Commission joined in to...
The Australian mining and exploration company Metro Mining Limited has revealed that it has entered into a facility agreement with US-based resource project financier Nebari Holdings' Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP for a Financing Facility...
The United States crude and dried bauxite imports stood highest in the fourth quarter of 2022 than all the prior quarters, found the US Census Bureau in its latest survey. The country imported 757,000 tonnes of bauxite in Q4, significantly up by 13.15 per cent or 88,000 tonnes from 669,000 tonnes...
The Joko Widodo lead Indonesian government affirms that bauxite export would be prohibited from June this year. It is prepared to cope with the repercussions, including handling World Trade Organization (WTO) concerns from other nations. Bara Krishna Hasibuan, the Indonesian Trade Ministry's...
Following years of planning and investment, Metalcorp Group S.A., a global service provider for acquiring, producing, mining, and selling metals and minerals, announced the first commercial shipment of 160,000 tonnes of bauxite in Guinea. This was carried out under the chairmanship of Mr Karamoko...
The Ghana Integrated Aluminium Development Corporation (GIADEC) has been charged by the national director of A Rocha Ghana (ARG), Dr Seth Appiah-Kubi, for damaging a section of the Atewa forest through experimental bauxite mining. According to him, the mining carried out was illegal. This is his...
In a remark, the CEO and Managing Director at Alumina Ltd., Mike Ferraro, explained why the Australian Government should follow the footsteps of the US, which 12 months earlier included aluminium in the list cataloguing 50 critical metals of the nation. Mike believes Australia should act according...
The Jamaican Supreme Court has prohibited Noranda Jamaica Bauxite Partners and New Day Aluminum (Jamaica) Limited from mining bauxite in St Ann's Cockpit Country, which some residents claim threatens their ability to survive. On January 20, 2023, the Supreme Court issued an injunction to prevent...
Alcoa has informed its US investors that delaying approvals to elongate its bauxite mining in Western Australia (WA) will cost approximately $240 million in 2023. Nonetheless, stricter environmental standards would help maintain community support, allowing it to continue mining South West forests...
According to the recent data published by the General Administration of Customs released on Wednesday, January 18, China imported 2.39 million tonnes of unwrought aluminium and products, including primary metal and unwrought and alloyed aluminium. That reflected a year-on-year downfall of 25.6 per...
In the last days of 2022, the President of Indonesia finally announced that from July 2023, the largest country in Southeast Asia would prohibit exporting bauxite as it intensifies its protectionist policy to foster sophisticated domestic manufacturing. On January 18, 2023, Bahlil Lahadalia, the...
According to the data from the National Institute of Statistics (INS), based in Conakry, it has revealed that Guinea's export at the end of October 2022 recorded a rise of 29.5 per cent compared to September 2022. The INS highlighted in its note on the evolution of foreign trade that the country's...
