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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According to the latest USGS release on Bauxite and Alumina in the Third Quarter 2018, imports of crude and dried bauxite by the U.S. in Q3 2018 were 922,000 tonnes, slightly more than the revised total in the second quarter of 2018 and the third quarter of 2017. Imports of crude and dried bauxite...
Ghana President Akufo Addo has assured his countrymen that the infrastructure deal with China in lieu of bauxite does not mean a compromise with Ghana’s sovereignty. He considers it to be a pure business transaction and the Asian giant is not going to take over various sectors of Ghan’s economy....
According to the latest USGS release on Bauxite and Alumina in the Third Quarter 2018, imports of alumina by the U.S. in the third quarter of 2018 stood at 441,000 tonnes, 21% more than the 364,000 tonnes imported in the third quarter of 2017. Quarter on quarter, the volume was 25% more than...
Marcventures Holdings, Inc. reported that the company’s Bauxite Mining Project in 6 municipalities of Western Samar contains 73.2 million Wet Metric Tonnes (WMT) of measured and indicated resources of bauxite. In a disclosure to the Philippine Stock Exchange, Marcventures said the deposit could...
Bauxite industry has witnessed a number of developments last week. Here is a round-up of the most important news stories on the bauxite sector from the week gone by: Construction of EGA’s bauxite mining project reaches 75 per cent The construction of Emirates Global Aluminium’s (EGA) bauxite mining...
Wirtgen, a German company in the field of road and mine machinery says its surface miners are helping bauxite producers in Guinea to explore the country’s high quality bauxite reserves. 25 of its machines are now in operation in the West Africa country. Wirtgen supplies surface miners for the...
AlCircle has launched a brief Region Focus Report – “ Guinea and Sierra Leone; Two Growing Investment Hubs in West Africa” into its 2018 Report portfolio. Africa has more than its fair share of small poor economies because of fragmentation that it inherited from European colonizers. It has become a...
Freight rates to carry a 59,000 tonnes bauxite cargo from Kamsar, Guinea to San Ciprian, Spain on a Panamax-size vessel recorded a plunge to a 21-week low of US$ 10 per tonne amidst over-tonnage in the West African region, as reported on November 29. According to S&P Global Platts data, the freight...
According to a media update, the Geological Survey of India (GSI) will provide geological reports of 18 mineral blocks to the government in December and 13 more mine blocks by the end of 2019. This is confirmed by an official from GSI. The government has plans to auction more than 100 mineral...
According to a Platts report, freight rates to carry 59,000 million tonnes of bauxite cargo from Kamsar port in Guinea to San Ciprian in Spain on a Panamax-size vessel have dropped to a 21-week low of US$10 per tonne amid over-tonnage in the West African region. The freight rate hit an all-time...
Pangaea Logistics Solutions Ltd., a global provider of comprehensive maritime logistics solutions, announced that it has extended its freight partnership with Noranda Bauxite and Alumina. Pangaea expects to move over 40 million tonnes of bauxite from Jamaica to Gramercy through to the end of 2031....
Bauxite mining workers in Raipur have reportedly refused to work as a form of protest demanding full wages and alleging that the contractor appointed by Chhattisgarh Mineral Development Corporation (CMDC) was treating them unfairly and giving insufficient money. The protesting miners from the...
Aluminum Corporation of China Limited (Chalco), the Shanghai-listed arm of China Aluminum Group, has announced on November 21 that it would join the bidding to buy 50% stake in Shanxi Huaxing Aluminum Co. The company intends to buy back the shares from the state-owned Baotou Transportation...
Government-owned Jawaharlal Nehru Port Trust (JNPT), Adani Ports and Veritas India along with asset reconstruction company UV ARC have put in bids for the bankrupt Dighi Port, which was developed by IL&FS and Balaji Infra Projects. They submitted the bid to the committee of creditors in Mumbai on...
Romania’s bauxite import reduced 4% year on year in 2017. The country purchased 1.32 million tonnes of bauxite from the global market, from 1.38 purchased in 2016.Sierra Leone’s bauxite export to Romania in 2017 declined by 4% year on year. The export volume for 2017 was estimated at 1.31 million...
Ghana can now access US$ 649 million as the first tranche of the 2 billion dollar Sinohydro infrastructure. In exchange, the country will have to deliver bauxite to China. Mr. Oppong Nkrumah, the Minister of Information, announced the news while addressing journalists at the bi-weekly media...
Finance and Public Service Minister of Jamaica, Dr Nigel Clarke said during a parliamentary sitting that Jamaica Bauxite Institute (JBI) has received nearly US$1 billion in budgetary support from the Capital Development Fund (CDF) over the last five years. The House approved the withdrawal of...
The International Monetary Fund (IMF) is indicating emerging fiscal risks for Jamaica, especially in the bauxite and energy sectors. The organization suggests careful handling of the risks as they might affect the undergoing economic programme in the country. IMF’s latest review of Jamaica's...
