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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Dear Readers, May our charm of readership remains glorified and hope we get to celebrate together many more Christmas in the coming years. While we are approaching the end of the year 2021 and getting ready to welcome 2022, we take this opportunity to share with you the top newsmakers of the...
China’s demand for imported bauxite is expected to rise by about 20 per cent year-on-year in 2022, backed on increasing demand for the raw material from domestic alumina producers, pointed out the state-owned research agency Antaike. China’s alumina producing capacity using imported bauxite is...
China’s aluminium imports have already recorded a year high within 11 months (January-November) of 2021 as limited domestic aluminium production due to power usage restrictions underpin demand for overseas metal. According to China customs data, arrivals of unwrought aluminium and products,...
Compared to the aluminium smelters in West Asia, which benefit from low-cost natural gas, and those in Europe and Canada which benefit from hydropower, India's white metal production is solely dependent on significantly more expensive coal-fired energy. However, this country has a distinct edge...
This week the bauxite industry was in the news for a limited number of incidents. To begin with, Guinea Alumina Corporation, a wholly-owned subsidiary of Emirates Global Aluminium (EGA), announced on December 6, 2021 that it had awarded a critical mining contract to a Guinean firm, GPC, as the...
The United States imported 881,000 tonnes of crude and dried bauxite in the third quarter of 2021 (ended September 30), which reflected a hike of 147,000 tonnes or 20.03 per cent quarter-on-quarter, found the latest date of the US Census Bureau. In the second quarter of the year, the United States...
The leader in global aluminium production and also one of the largest companies in the UAE, Emirates Global Aluminium has inked a three-year agreement with China’s Bosai Minerals Group for the supply of bauxite from the West African nation, Guinea. The agreement states that EGA will supply Bosai...
China's aluminium sector, the world's largest, is growing increasingly reliant on foreign supply of the ore needed to produce the metal, highlighting the country's long-term reliance on imported raw materials. Alumina, an intermediate substance created from bauxite ore, is used to make the...
This week, the bauxite industry was in the news for a limited number of reasons. To begin with, Dr. Nigel Clarke, Jamaica's Minister of Finance and Public Service, said on Tuesday that Jamaicans may soon be able to participate in Jamalco, a bauxite mining/alumina firm, through an initial public...
The aluminium industry witnessed multiple remarkable events in November 2021. When the world is encountering a phase of aluminium shortage, which has triggered the prices of the metal to touch an all-time high, around 1.8 million tonnes of aluminium worth a mighty $5 billion is presently being...
The world's largest aluminium rolling company, Hindalco which also ranks among the largest producers of primary aluminium in Asia has been able to reduce the environmental damage by developing a biodiversity park on the wasteland of a bauxite mine. Hindalco’s commitment towards sustainable mining...
State backed Chinese research house Antaike stated that, a hypothetical restriction on bauxite shipments from Indonesia as early as next year will have no impact on China's aluminium sector since there is ample alternative supply from Guinea. Indonesian President Joko Widodo said on Wednesday that...
CRU Group, Aluminium Stewardship Initiative's (ASI) data transparency partner, has updated its Emissions Analysis Tool with a new rolling mill emissions dataset. The inclusion of this data, when paired with the current ASI Performance Standard and Chain of Custody Standard certification levels,...
The ray of hope has glimpsed through the gloomy cloud in the region, as it found the agreement to secure the future of the 26 miners of the Olmedo bauxite mine, where the mining operation has been ceased post-2015. The terms of the new contractual platform were approved by the parties via...
The 26 workers those for the last five years have been struggling implacably to profess a future and on the upcoming 30 th November, they are seeing peril of their last hope to be eradicated. The Olmedo bauxite mine workers, presently employees of IGEA Spa Company have manifested yet another state...
The Members of the Cockpit Country Stakeholders Group (CCSG) have emphatically declined the Final Environmental Impact Assessment (EIA) organised by the National Environment and Planning Agency (NEPA) to permit mining in the historic section of Jamaica. Cockpit country’s mining has been a primary...
The Guinea coup leader turned interim President of the West African nation, with the authorities, after showing their intention to tidy out the financials of the former government, by establishing an Audit Committee that will be responsible for investigating the financial misconduct of the Alpha...
On 19 th October 2021, the President of Indonesia, Joko Widodo stated the country is planning to put brakes on the export of all crucial raw commodities in an attempt to entice investment in onshore resource processing and job creation. The world’s largest island nation, Indonesia has banned a...
