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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Alcoa Corporation, in its first-quarter financial results on Thursday, April 23, announced that it would curtail the remaining 230,000 tonnes of uncompetitive smelting capacity at Intalco smelter in Ferndale, Washington, owing to the current downturn market conditions. The full curtailment,...
According to China customs data on Thursday, April 23, aluminium imports to China grew more than triple in March 2020 from a year ago and stood the highest in the past six years or more. But bauxite imports in the same month fell due to disruptions of the incoming shipments of raw materials....
FIMI, the mining body of India, stated that as COVID-19 has hit all sectors, so they have urged the government of India to remove the 15% export duty on non-metallurgical grade bauxite. The shipments of this grade bauxite can bring in additional revenues for the exchequer. Federation of Indian...
Oldendorff Carriers Guyana Inc (OCGI), headquartered in Germany, declared the closure of its transhipment service in Guyana, post-Rusal’s majority-owned Bauxite Company closed down its operation. As a result of this decision, more than 130 workers were sent home. On 21 st April’20, Oldendorff...
On 10 th April’20 Fitch Ratings, the leading provider of credit ratings, headquartered in the USA, revised down its sovereign long-term foreign currency rating on Jamaica to stable from positive citing the expected negative shocks of its exports of bauxite, alumina, and remittances due to the...
One of the biggest economies of central Europe is Poland and is also a considerable location for one of the fastest-growing aluminium markets in the region. Poland’s aluminium consumption grew by about 10% in 2018, reaching 1.43 million tonnes. The nation has appeared as a European leader of...
Aluminum is the world’s second-most-used industrial metal, second only to steel. Mexico’s long-running mining tradition dates back to colonial times, and despite the historically large and continuing importance of the mining industry and the fact that Mexico leads in the production of several...
The main minerals mined in Sierra Leone other than bauxite are diamonds, rutile, gold, iron and limonite, though diamond mining makes the highest revenue in the overall mining sector. Diamond mining in Sierra Leone has been seen as one of the key factors for instability in the country and one of...
Ukraine has been raising the import of aluminium ore Y-o-Y, thus sending a positive message to the global bauxite/aluminium industry. The total bauxite import during 2017-19 stood at 15.48 million tonnes, whereas the import estimation for 2020 stood at 5.80 million tonnes when added the volume...
As shown by the latest US Geological Survey data on bauxite and alumina imports in the fourth quarter of 2019, the United States imported 1 million tonnes of crude and dried bauxite, up 8 per cent from 929,000 tonnes in the third quarter and 15 per cent more than 840,000 tonnes in the fourth...
Vietnam Association of Environmental Economics (VIASEE) has just sent a petition to Prime Minister Nguyen Xuan Phuc on strategies and solutions for Bauxite mining, promoting the development of the aluminium industry in the Central Highlands. The contribution of ideas toward the construction and...
The bauxite import of Austria remains dwindling, as the total volume of bauxite imports from 2017-2019 stood at 39,679 tonnes, whereas the total revenue expended was $10.34 million. The bauxite import in 2020 is forecasted at 11,088 tonnes, when added to 2017-19 the import stands to 50,767 tonnes...
Guyana, a country with a population of 780,000, neighbouring Brazil and Venezuela in the region’s northeast corner, is expecting to bloom its economy to 86% in 2020 after expanding 4.4% in 2019, as per International Monetary Fund. Bauxite was the country's leading industry in 2002, and gold and...
In 2019, the entire aluminium value chain industry saw a challenging environment. The average aluminium price on the London Metal Exchange declined from US$ 2,110 per tonne in 2018 to US$ 1,792 per tonne. As a result, Rusal’s revenue for the year ended December 31 recorded a decrease of 5.5 per...
The bauxite import of Portugal has been showing positive during 2018-20. The total bauxite import during 2018-19 was recorded at 8943 tonnes and the foreign exchange paid was $5.42 million. The projected bauxite import of Portugal remains strong in 2020 with a total volume of 5317 tonnes, while the...
The Bauxite import of the South American country Argentina has slowed down during 2017-2019. The projection for 2020 also shows a dip of 8.73%. The total bauxite import of Argentina from 2017-19 stood at 408,789 tonnes and when projected for the year 2020, the Y-o-Y shows a dip. The total import...
The higher procurement of locally supplied bauxite has succumbed Vedanta to crop the cost of making alumina at its Lanjigarh refinery by 8% Y-o-Y to $269 per tonne in Q3 of this fiscal year. The production capacity of alumina at the Lanjigarh plant has risen by 16% Y-o-Y to 476,000 tonnes. The...
Canyon Resources Limited has appointed senior bauxite executive Rick Smith as Chief Development Officer of the company. Rick Smith will focus on supply chain, offtake and strategic partner negotiations for Canyon’s Minim Martap Bauxite Project in Cameroon. Smith has more than 35 years’ experience...
