Rio Tinto adds Aurukun's 8 tpa bauxite opportunity to growing Cape York pipeline
The acquisition gives Rio Tinto control of a major undeveloped Cape York resource as it expands its existing Weipa operations and advances new mining areas. Rio Tinto is expanding its Cape York bauxite portfolio by acquiring the Aurukun bauxite project from Glencore and Mitsubishi, adding a...
Metro Mining builds bauxite momentum with record output, lower costs and broader sales
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...
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Paya Besar MP reports his concern over bauxite moratorium as government remains silent
The Energy, Technology, Science, Climate Change and Environment Ministry has not made any statement yet on behalf of the government over the issue of bauxite moratorium after it officially ended on June 30, 2018, reported Paya Besar Member of Parliament Mohd Shahar Abdullah. He said he would bring...
Production cut in Alunorte and Paragominas brought Hydro's Q2 EBIT for Bauxite & Alumina down 51% QoQ
Hydro released it Q2 2018 results reporting an underlying EBIT of NOK 2713 million, down 7% from the same period in 2017 and 14% QoQ. 50% production at Alunorte, Paragominas and Albras and higher costs affected the total results considerably. Underlying EBIT for Bauxite & Alumina decreased...
ABX signs contract with Aziz Group of Bangladesh for bauxite supply and business development
Australian Bauxite Limited (ABX) announced today, July 18, that it has successfully negotiated a Letter of Intent (LOI) over two important business opportunities with Aziz Group of Bangladesh. As agreed through the Letter of Intent, ABX will develop and supply chemical grade bauxite for the...
Malaysia’s bauxite export registers a hike in H1 2018 compared to CY 2017
The prolonged period of moratorium on bauxite mining in Pahang, Malaysia, to finalise a regulatory framework to prevent a repetitive environmental damage, came to an end on June 30, 2018. The moratorium was put in place on January 2016 and was extended until June 30 to clear the then existing...
Normality resumes at Jamaica's New Day Bauxite Plant: Source says
Normality has been restored at New Day Aluminium (Jamaica) Limited since when it received order from the Industrial Disputes Tribunal (IDT), on Friday, July 6, 2018, for hourly paid workers to end a week-long-go slow. The workers had been on go-slow since June 28, supporting the University and...
Top bauxite exporters from Africa: Guinea remains the leading bauxite supplier while China drives the export
Africa is contributing about 32% of the global bauxite resources. It’s an irony that some of the poorest countries in the world possess the richest bauxite reserves. Africa, though poorly explored as of date, does possess some of the richest reserves of Gibbsitic bauxite. The known reserves are...
Bauxite mining moratorium in Malaysia ends last month but not the uncertainty
Bauxite mining operators and settlers in Bukit Goh, Malaysia, which once used to be a lucrative spot for bauxite mining activities, are still resting in the uncertainty over bauxite mining, even after the mining moratorium ended on June 30. The previous government had extended the moratorium seven...
ExpoAlumínio to bring together the South American aluminium value chain in Brazil
Brazil, the world’s third-largest producer of bauxite and alumina will host 2018 ExpoAlumínio International Aluminum Exhibition on September 3 to 5 to present the full potential of sector companies and buyers in Brazil and in all of Latin America. The event will provide a platform for the...
Bauxite export by Montenegro estimated to grow QoQ in 2018
According to the international export-import statistics, bauxite export from Montenegro was estimated at 1.26 million tonnes in 2017. The country exports bauxite mainly to China, Czech Republic, Bosnia Herzegovina, Hong Kong, Poland, Slovakia and Serbia. China is the largest bauxite market for...
Guinea says IMF board approves $24 million credit facility
The International Monetary Fund (IMF) has approved $24 million for Guinea to support the economy of the bauxite-producing West African nation, the Finance Ministry said on Wednesday. Guinea, whose economy has been hit by low global commodities prices, reached a deal with the IMF in December giving...
Guyana’s bauxite exports to decline in H2 2018 on US sanctions against Rusal
Guyana, one of the world’s leading bauxite producers, has delivered about 1.45 million tonnes of bauxite to the global market in 2017. The country’s bauxite shipments increased 36 per cent year-on-year last year. Guyana’s main exports are: sugar, gold, bauxite, aluminium, rice, shrimp and timber...
Rusal starts exporting bauxite from Guinea‘s Dian-Dian mine
Sanctions-hit Russian aluminium giant Rusal has started exporting bauxite from the Dian-Dian bauxite deposit in Guinea’s Boké Province. The exports follow the completion of the first stage of development of the bauxite deposit. With an annual capacity of 3 million tonnes, Dian-Dian is the world's...
Metro Mining to raise US$17.5 million through a share placement
Metro Mining Ltd. has received an approval for a trading halt as it sets a target to raise US$17.5 million through a share placement priced at 20 cents. Funding from the placement is likely to boost Metro’s working capital position during production ramp-up and product sale negotiations while...
First Bauxite secures second bridge loan for Bonasika Bauxite Project
First Bauxite Corporation said that it has secured a second bridge loan for its Bonasika Bauxite Project located in Guyana. Resource Capital Fund VI L.P. (RCF VI) will provide additional financing under a second bridge loan facility to the company in the principal amount of up to US$10 million. The...
US import of bauxite drops 28% QoQ in Q1 2018; Jamaica continues as major bauxite supplier
According to the latest USGS release on Bauxite and Alumina in the First Quarter 2018 , imports of crude and dried bauxite by the U.S. in Q1 2018 were 651,000 tonnes, 28% less than the total of 910,000 tonnes in the fourth quarter of 2017. However, on a YoY basis, import of bauxite drops 18% than...
Brazil court revokes Hyrdo’s bid to overturn forced production cut at Alunorte alumina refinery
According to Reuters report, rejection of Norsk Hydro’s appeal to overturn the partial suspension of bauxite refining operations at Alunorte refinery by a court in the Brazilian state of Para emerges as a blow to the world’s largest alumina refinery. In April, the company had sued state prosecutors...
Jamaican government negotiating with US to continue smooth operation in Rusal's Windalco Plant
Jamaican government is undergoing discussions with the United States Treasury Department to secure a waiver for Jamaica as the Administration moves to address any fallout from US sanctions against UC Rusal which has alumna/bauxite operations in Jamaica. “The talks are progressing favourably, but we...
Metro’s first two bauxite shipments successfully arrive in China
Metro Mining happily announced a successful arrival of its first two shipments 123kt bauxite in China and confirmed the receipt of payment from off-take partner Xinfa Group. Xinfa Group, which has a 4-year off-take agreement with Metro, was responsible for handling the delivery of the shipment from...
