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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Fitch Solutions has forecast in its recent industry report that new projects coming online in Guinea, Indonesia, and Australia and ramp-up in Indian and Indonesian output will drive the global bauxite production growth this year after the COVID-19 pandemic in 2020. The American credit rating agency...
Bauxite sector saw some of the leading companies like Rusal and Metro Mining announcing their production results. Let’s explore the top stories from bauxite vertical for the week that went by: Rusal announced in its second quarter operating results that its bauxite production stood at 3.836 million...
According to report on Thursday, July 29, bauxite miner Canyon Resources has appointed Foster Stockbroking to manage a $4 million raise for the company. The amount is for funding a feasibility study. As per the report, 8¢ per share or a 14 per cent discount to the last trading price has been...
Acording to the data released by the General Administration of Customs, China's imports of unwrought aluminium and products - which include primary metal and unwrought, alloyed aluminium increased month-on-month by 30% in June. Imports of unwrought aluminium and products stood at 294,081 tonnes...
On 11th July 2021, Emirates Global Aluminium earmarked the 100th shipload of bauxite exported from Guinea, since the company’s initiation in August 2019 from its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation. The UAE based aluminium company, EGA uses Capesize vessels to...
According to the data released on Monday, July 5, by Brazil’s economy ministry, alumina exports from Brazil reflected a rise in June after registering a decline last month. In June, Brazil exported 816,785 tonnes of alumina, up by 20.13 per cent year-on-year from 679,916 tonnes. On a month-on-month...
The Australian exploration and mining company Metro Mining (MMI) has signed two binding spot cargo agreements with Shanxi Liulin Senze Aluminium Company of China. The two cargo agreements are for around 60,000 wet metric tonnes (WMT) from Metro’s flagship project, the Bauxite Hills Mine, located in...
The metal aluminium does not exist in a pure state in nature and it begins with bauxite ore exploration then processing to alumina, which further transforms to aluminium. Canada is ranked among the top global primary aluminium producers. There are 10 primary aluminium smelters in Canada, one is...
The Australian exploration and mining company, Metro Mining Limited based in Brisbane, Queensland has floated a $25.5 million equity raise incorporating an arrangement and a pro-rata accelerated non-renounceable entitlement offer. As per the information, approx. 1.6 million shares will be issued at...
Indian Industrial Value Chain Collective (IIVCC), a group representing organisations involved in the industrial production and consumption supply chain activities across India, released data on Tuesday, June 22, indicating India’s loss from bauxite import activities. In Q1 2021, the country...
Guinea, known for having the world’s largest bauxite reserves, is set to expand production after the Societe Miniere de Boke’s (SMB) railway project is complete linking Santou II and Houda blocks to the Port of Dapilon. The railway project has been inaugurated on Wednesday, June 16, whereby...
Ukraine imported 2.185 million tonnes of aluminium ores and concentrate (bauxite) in the first five months of 2021. That marked an increase of 12.3% compared to the same period last year, according to statistics released by the State Customs Service. Bauxite imports in monetary terms rose to...
Compagnie des Bauxites de Guinée (CBG), the world’s leading company in the bauxite sector, has joined Aluminium Stewardship Initiative as a new Production and Transformation member, bringing the total number of ASI members to 174. CBG operates mines in the area of Sangarédi in the north-western...
Metro Mining Limited has signed two new Binding Offtake Agreements with China’s Xinfa Group for a total 7 million dry metric tonne (DMT) of bauxite, aligning with Metro’s Stage 2 expansion plans. The new deal is likelyt to start next year. Metro Mining Managing Director and CEO Simon Finnis said:...
The Covid-19 third wave has slow down the economic recovery of Germany at the beginning of 2021. The economy shrank 1.7% in the first quarter compared to the previous three months, according to official data. On the other way, the bauxite importation of the country has revealed better growth from...
Russian aluminium producer Rusal 0486.HK has targeted the first quarter of 2022 as its timeline to complete the demerger of higher-carbon assets into a separate company. This news came after the company’s head of strategy Oleg Mukhamedshin officially told Reuters. "At this stage, management is...
Bauxite market this week saw a few developments such as Ghana’s confirmation on the ongoing process of expanding the existing bauxite mine in Awaso and developing additional mines in Nyinahin and Kyebi. The West African nation Ghana, which ranks as one of the fastest-growing economies in Africa and...
The metal aluminium stands as a crucial role player for all the major sectors that will shoulder the Indian economy to reach the goal of $5 trillion. The mammoth mineral resources and their exploitation have always remained as the backbone of the Indian metal sector including downstream production....
