Metro Mining's Bauxite Hills operation delivered record quarterly production as lower unit costs and a broader customer base strengthen its growth profile. Metro Mining is building momentum at its Bauxite Hills bauxite mine in Queensland, with record quarterly output, lower unit costs and improving...
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...
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Jamaica’s opposition People’s National Party (PNP) President, Dr Peter Phillips stated that Jamaicans should calliper for a possibility of shrinkage of the nation’s economy due to the global attack of the deadly “Coronavirus”. The recently released growth data of the Jamaican economy showed 0.1%...
Kwasi Amoako-Atta, The Minister of Roads and Highways, Ghana, announced that the epidemic of the deadly Coronavirus in China has pertained a blow to the multibillion-dollar bauxite-for-infrastructure deal. The Chinese Government would allot out US$2 billion to bankroll a lot of infrastructural...
The National Industrial and Commercial Investments Limited (NICIL), a Government of Guyana holding company, has paid the salaries for February to the 326 workers sacked by the Rusal-owned Bauxite Company of Guyana Inc (BCGI). RUSAL, one of the world’s largest producers of aluminium has suspended...
The economic downturn in many regions of the world, particularly in China, combined with trade issues raised by the US, resulted in significant slow-down in aluminium demand in 2019. Contrary to our expectations at the beginning of the year, the demand growth was barely 0.5% in 2019, owing to weak...
According to China customs data, the country in the entire year of 2019 imported 100.66 million tonnes of bauxite, compared to 82.57 million tonnes in 2018. This means the year saw an increase of 21.91 per cent in the import volume, exceeding the 100 million tonnes level for the first time. The...
There are currently five bauxite mines in Australia providing feedstock for the seven alumina refineries, which in turn supply alumina to the six Australian aluminium smelters and the export market. Demand for bauxite is growing at a faster rate than the growth in global industrial production. In...
The Netherlands’ bauxite export is tending towards an upswing; total bauxite export volume was recorded at 219,453 tonnes during 2017-20. In 2017 the total bauxite export volume stood at 58,540 tonnes, while in 2018 Netherlands bauxite export volume was recorded at 39,993. A steep fall of 31.68%...
Brazil, the largest South-American country with one of the largest bauxite reserves in the world has shown nosedive in bauxite export during 2017-20. Bauxite is the third-largest natural resource in Brazil, with 2.6 billion tonnes of the reserve. The Paragominas bauxite mine is located in the east...
According to the global export-import data, India’s estimated imports of bauxite climbed 27.13% from 2018 and 47.53% from 2017 to stand at 2.39 million tonnes in 2019. The country has been following an upward pattern for bauxite import. Guinea was the top supplier of the ore to India in 2019....
The island country Jamaica’s bauxite and alumina industry is retaking its place on the world stage and investors are showing a positive trend to explore Jamaica’s bauxite mines. Bauxite mining is considered as the star performer of Jamaica’s economy. The latest example of Jamaican mining is the...
Guinea has the world’s largest reserves of bauxite, the ore used to produce aluminium. Containing a content of alumina, Guinean bauxite reserves are estimated at over 40 billion tons, 23 billion tons of which are located in the Boké region. Guinea’s highly competitive level of output allows it to...
The Ministry of Social Protection’s Department of Labour’s meeting with the management of Bauxite Company of Guyana Inc. (BCGI) on Friday, January 31, resulted in arbitration. Workers are thus, can return to work now under the three below mentioned conditions as communicated to the company and...
The Ministry of Social Protection’s Department of Labour, on Thursday afternoon, reportedly requested the management of Bauxite Company of Guyana Inc. (BCGI) to be present in a meeting on Friday to discuss the layoff of 288 employees last week. Junior Minister of Social Protection Keith Scott has...
The Jamaican bauxite mining operation of New Day Aluminium, Noranda Bauxite, declares that bauxite exports from its St. Ann facility were accounted for approximately 3.8 million wet metric tonnes for the calendar year 2019. The bauxite exports covered sales to its sister Alumina refinery, Noranda...
Ghana’s debt will rise predominantly due to an annual assumption of 2% of GDP in the form of contingent liabilities. The disbursals under the $2 billion financing deal with Sinohydro, an infrastructure financing deal that has been an ancillary by country’s yet-to-be-mined and refined bauxite...
Russian-owned Bauxite Company of Guyana Inc (BCGI) has reportedly layoff more than 100 employees, with effect from January 23, for downsizing its operations as a result of fuel shortage. The news came after the workers of the company’s mining site in Maple Town Aroaima, Region 10, said that they...
The Greek economy continues to face significant problems, including high unemployment levels, an inefficient public sector bureaucracy, tax evasion, corruption, and low global competitiveness, though Greece's GDP growth has also, as an average, since the early 1990s were higher than the EU average....
The multi-billion-dollar Ghana’s deal with China’s Sinohydro has been praised internationally as a model that the rest of Africa should adapt, to lessen the financial woes of their economies. The deal is considered as a game-changing deal, sealed by the President of Ghana, Nana Akufo Addo in 2018...
