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 Franco-Guinean bauxite tycoon Fadi Wazni chaired SMB-Winning Consortium has been building a railway track for more than 2 years to be used for the exploitation of its mining activities. On 25th May 2021, the first rail link which connects the mining area of Santou to the new river port of...
The US import of crude and dried bauxite further decreased on quarter and stood at 695,000 tonnes in Q1 2021 ended on March 31, found the Geological Survey data. The import plunged by 82,000 tonnes or 10.55 per cent from 777,000 tonnes in Q4 2020. On the downward part of the world, Australian...
The Government of Jamaica is dedicated towards the collection of approximately $2.8 million that is owed to the Jamaica Bauxite Mining Limited. Jamaica Bauxite Mining Limited (JBM) is a Government-owned Company (a Public body) with a business enterprise mandate. The Company holds 51% equity on...
The Jamaican Minister of Transport and Mining, Robert Montague stated that the government has revised the Cockpit Country mining agreement. As confirmed by the minister, the amendment incorporates the eradication of 6,000 hectares of land, which are adjoining to the Cockpit Country, from the...
The United States import of crude and dried bauxite further decreased on quarter and stood at 695,000 tonnes in Q1 2021 ended on March 31, found the Geological Survey data. The import plunged by 82,000 tonnes or 10.55 per cent from 777,000 tonnes in Q4 2020. On a year-on-year calculation, the...
The Australian exploration and mining company based in Brisbane, Queensland, Metro Mining Limited with its flagship project, the Bauxite Hills Mine is restructuring its boards, which includes the appointment of Douglas Ritchie and Simon Wensley as non-executive directors. Following the...
In April 2021, China’s unwrought aluminium and aluminium products imports rose 36.1 per cent month-on-month and 165.2 per cent on-year to come in at 281,139 tonnes. In March, the imports stood at 206,556 tonnes. China, the world’s leading aluminium producer, brought in a record amount of aluminium...
The pandemic-hit Italian economy is predicted to grow 4.1% in 2021 and 4.2% in 2022 in an “uncertain ascent from the abyss”, the country’s business lobby Confindustria said in April 2021. The European nation at the Mediterranean coastline, Italy registered bauxite importation of 86,447 tonnes...
Metro Mining reported sharp increase in Ocean Freight costs across all vessel classes in the first quarter of 2021.The increase was due to new and longer shipping routes caused by changing Chinese buying patterns, stronger commodity prices, limited new vessel builds during 2020 with the uncertainty...
On Tuesday, April 20, Kodingamali bauxite mine workers reportedly called off their protest after 83 days of staging dharna in front of Collector’s Office demanding proper wages as per the labour norms. As the report stated, the members of Kodingamali Mine Workers Association submitted a memorandum...
According to a report on Monday, April 19, Chinese alumina refinery Kaiman Aluminium has reduced its production by half, claiming that bauxite supplies are limited. The refinery, owned by Hangzhou Jinjiang Group, is located in Sanmenxia city in Henan province. It has a per annum capacity of 2.1...
Metro Mining Limited has shown confidence about 2021 as its production has resumed at Bauxite Hills Mine after the northern Australia wet season. Metro Mining managing director Simon Finniss said that after a tricky 2020 when the bauxite markets experienced a dent due to the COVID-19 pandemic, we...
Rusal, a completely vertically integrated aluminium company has donated a bauxite quality control and analysis laboratory to Guinea. RUSAL has been operating successfully for 20 years in the Guinea mining sector. On 12 th April 2021, the official handover of this laboratory took place in the...
The bauxite importation of Ukraine during January-March 2021 has shown a significant rise by 6%, when compared to the same period the previous year, to 1.303 million tonnes. As the data statistics released by the Ukrainian State Customs Service, it states that during this phase, bauxite imports in...
Europe's largest alumina refinery and a major alumina asset of RUSAL, Aughinish Alumina has received approval for its proposal for an extension of its large plant near Foynes, Limerick County to be considered under the fast-track planning process for large strategic projects. The independent,...
Eti Alüminyum Seydişehir Plant is the only integrated aluminium plant producing aluminium from ore in Turkey. The continuous investment has made it able to adapt to technological conditions of the age and to acquire competitive power in the international markets, making considerable contributions...
The globally diversified mining and metal firm Vedanta Resources has stated that it contributed $4.66 billion to the public exchequer in India during the FY20. According to the latest report, Vedanta Resources said: “Overall contributions to public exchequers of various countries stood at $4.7...
Our sources reported on 23 rd March 2021, an investigation was opened in Paris after a complaint about corruption in the exploitation of bauxite in Guinea comprising President Alpha Condé, several of his relatives and mining companies. This preliminary investigation, opened by the National...
