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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According to China customs data, the country imported 11.79 million tonnes of bauxite in November 2022, which recorded a month-on-month hike of 31.29 per cent from 8.98 million tonnes and a year-on-year surge of 53 per cent. From January to November 2022, China’s total bauxite imports amounted to...
The all-India apex body to promote the interests of all mining, mineral processing, and metal-making industries, the Federation of Indian Mineral Industries (FIMI), has requested the removal of bauxite export duties, citing optimal utilisation of low-grade mineral resources as the move will speed...
The Southeast Asian nation, Malaysia, formerly ranked among the top ten global suppliers of bauxite to China, is poised to gain from Indonesia's most recent export embargo. Data from Indonesia's customs show that in 2021, China bought 17.8 million tonnes of bauxite from Indonesia, making up nearly...
The largest country in Southeast Asia, Indonesia, has recently announced a bauxite export ban, which will be implemented from June 2023. This is a government policy to increase domestic production of metal ores and industry since bauxite is a crucial component in manufacturing aluminium. The nation...
On December 27, 2022, Arsjad Rasjid, the General Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin), expressed support for the bauxite export ban, claiming that it will increase the value of the country's natural resources. Rasjid said, "The export ban on bauxite will take...
The bauxite segment of the global aluminium industry has witnessed some of the most crucial happenings during the last days of the year. Previously, during an economic forum, Indonesian President Joko Widodo said Indonesia would announce a ban on commodity exports without disclosing which or a...
The President of Indonesia, Joko Widodo, announced on December 20, 2022, that the nation would ban bauxite exports, the primary ore source of aluminium, starting from June 2023 to boost the domestic processing of the material. Indonesia ranks among the world's largest bauxite suppliers, with China...
According to our report, it has been confirmed since December 15 that the road transportation of bauxite and coal from the Indian state-owned Mormugao Port has been halted due to opposition from Vasco City inhabitants to the transit of these commodities due to pollution concerns. The port is now...
On November 24, 2022, the Inter-American Commission on Human Rights (IACHR) issued a ruling that mandates the Jamaican government take action to address the effects of bauxite mining on the health of people of particular St Ann villages. The Jamaica Environment Trust (JET) applauds this decision....
China’s bauxite imports in October 2022 amounted to 8.98 million tonnes, reflecting a month-on-month rise of 9.27 per cent but a year-on-year downfall of 5.87 per cent, found the General Administration of Customs. Guinea, being the top exporter, provided 4.41 million tonnes, up both M-o-M and Y-o-Y...
In the third quarter of 2022, the United States imported 669,000 tonnes of crude and dried bauxite, recording a sequential growth of 25,000 tonnes or 3.88 per cent, found the US Geological Survey data. In the second quarter, the import volume was 644,000 tonnes, down by 12.50 per cent from 736,000...
The Indian apex body promoting the interests of all mining companies, the Federation of Indian Mineral Industries (FIMI), has called for the withdrawal of export duties on bauxite, stating that the move will lead to the optimal exploitation of low-grade mineral resources by facilitating the...
On November 27, 2022, the Guinean mining company, Compagnie des bauxites de Guinée (CBG), officially launched a ceremony for the upkeep, maintenance and securing of old sites rehabilitated with native species for rational or sustainable management. The CBG laboratory meeting room served as a...
On November 20, 2022, St Ann, Jamaica police reported that two people is found deceased following a bauxite train derailment. On Monday, a thick pall of sadness hung in the air as co-workers of two men killed in a train crash on Sunday night struggled to cope. A police investigation has been...
The soaring energy prices in Europe have caused a severe impact on aluminium production and shifted output to China. However, due to China’s increasingly depleted bauxite reserves, this repositioning has increased bauxite shipments, benefitting the West African nation, Guinea, the world’s largest...
According to our report from West Africa, almost all of the unloading operations for two Bedeschi shiploaders and one echopper shipped fully erected from Jebel Ali Port, Dubai to Ghana Takoradi Port have been accomplished. Jebel Ali is a deep port located in Jebel Ali, Dubai, United Arab Emirates...
The Australian mining and exploration company Metro Mining Limited has extended the Strategic Cooperation Agreement with China's Xiamen Xiangsen Aluminium Limited (Xiangsen) for 1.5 million DMT per annum for 2 years until 2026. In addition, binding terms for the 2023 offtake component have been...
In protest over stalled pay negotiations, Rio Tinto workers at the Gove bauxite mining operation have planned to take industrial action. According to the union, workers have not been paid a raise in three years as the company has put off talks on a new enterprise agreement. Lloyd Pumpa, the United...
