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 Lower House of the Jamaica Parliament, also known as the House of Representatives has sanctioned the amount of J$268.48 million to be withdrawn from the Capital Development Fund (CDF), to contribute budgetary support to the Jamaica Bauxite Institute (JBI) for FY 2022-23. On 5 th July 2022, Dr...
The senior presidential advisor to the Akufo-Addo Administration, Senior Minister Yaw Osafo Maafo stated that Ghana can generate 100,000 jobs from a $10 billion loan agreement with China. In 2017, the Chinese government committed a sum of $15 billion to support developmental projects in Ghana. The...
According to the data published by the US Census Bureau, the United States crude and dried bauxite imports amounted to 736,000 tonnes during the first quarter of 2022, which registered a quarter-on-quarter decrease of 48,000 tonnes or 6.12 per cent from 784,000 tonnes. However, on a year-on-year...
Emirates Global Aluminium (EGA), one of the leading producers of aluminium in the world, has unlocked a new development, which will result in all bauxite residues produced in the UAE being re-used in the UAE, due to significant R&D advances. “We have already achieved important success with other...
According to the data revealed by the General Administration of Customs on Wednesday, June 22, China’s bauxite imports recorded a historical high, totalling 11.97 million tonnes in May 2022. That was an increase of 7.6 per cent month-on-month and a hike of 31.4 per cent over a year. Australia stood...
According to the data released by the General Administration of Customs on Saturday, June 18, China’s aluminium imports in May 2022 decreased by 16.4 per cent year-on-year. That brought the total imports to 188,469 tonnes of unwrought aluminium and aluminium products – including primary metal &...
Bauxite with an Al/Si ratio of 5 and alumina content of 58 per cent was sold between RMB 425 per tonne to RMB 450 per tonne (including VAT, except resource tax, delivery to factory) in north Shanxi as of June 17. On the same day in Xiaoyi, Shanxi, it was traded between RMB 435 per tonne to RMB 475...
On 10 th June 2022, the Guinea govt. has stated that it has given the bauxite mining companies doing business in the nation another ten days timeline to present the proposals for building alumina refineries , which they were supposed to attain by the end of May 2022. Guinea, one of the world’s...
As per our report from Guinea, the leader of the union, Yamoussa Bangoura on 6th June 2022, announced the strike at Rusal's subsidiary in Guinea, Compagnie des Bauxites de Dian-Dian (COBAD) has ended indeed. After a week of protest action, the mine employees returned to work on 2nd June. COBAD...
According to the aluminium industry experts, Indonesia's decision to ban sending out bauxite, an essential input for aluminium, will have no genuine effect on the Chinese aluminium sector, as aluminium producers have expanded their sources and fortified the utilization of aluminium recycling....
The Jamaican Transport and Mines Minister, Audley Shaw stated that the Russian aluminium giant and one of the leading producers of aluminium in the world, Rusal has kept its commitment to payments to Jamaica as a part of a 2021 agreement to pay off production taxes it obliges to the government. The...
The principal raw material used in the production of aluminium is bauxite and it is used for both metal supply and non-metallurgical needs. As residually enriched rocks, bauxites are composed primarily of Al-hydroxides (gibbsite, boehmite, and diaspore), kaolinite, Fe-oxy-hydroxides, and Ti-oxides,...
In the West African nation Ghana, Rocksure International Limited, a contract mining company has over the years developed a substantial capacity and flexibility for executing measures to encounter the challenges of planning, equipping and staffing several mining sites. The Accra headquartered...
On Wednesday, April 27, Hon. Samuel Abu Jinapor (MP), Minister of Lands and Natural Resources announced that aluminium has been globally identified by the government as a critical commodity for the energy transition initiative. The announcement was made while he was leading a Ghanaian delegation to...
ICSOBA, the International Committee for Study of Bauxite, Alumina & Aluminium, has announced the 40th International Conference and Exhibition ICSOBA 2022. The five-day event, scheduled from 10th to 14th of October will take place in Athens, Greece, in association with Mytilineos as the host...
Bauxite exports to China reached new highs in the first quarter of 2022, expanding at a rate of 12.8 per cent annual pace between 2017 and 2021, much surpassing all other commodities, which rose at a combined rate of only 4.3 per cent each year. Bauxite arrivals climbed 13.6 per cent in the fourth...
Rio Tinto, an Anglo-Australian multinational mining group, has published its quarterly production report for the first quarter of CY2022, whereby it has announced a 4 per cent Q-o-Q increase in bauxite output to 13.625 million tonnes. But on a year-on-year basis, it registered no change. Bauxite...
In March 2022, China’s aluminium imports slipped below 200,000 tonnes, decreasing by 4.6 per cent year-on-year, found the General Administration of Customs. As per the data shown, the country secured 197,134 tonnes of unwrought aluminium and products, including primary metal and unwrought & alloyed...
