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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Bauxite import by China climbs 53% YoY in January
China imported 7 million tonnes of bauxite from the global market in January, an increase of 53 per cent year on year, revealed data released by the General Customs Administration of China. Guinea and Australia continued to be the biggest suppliers of bauxite to China. Image Source: Shanghai Metals...
Court to rule on Exton Cubic suit against Ashanti Regional Minister next month
High Court has set February 5, 2018, to give a ruling on in a suit filed against Ashanti Regional Minister by Exton Cubic Group over the seizure of their mining equipment. The Attorney General yesterday explained to the High Court Human Rights Court Division that the State needs more time in Exton...
Odisha government amends long-term linkage policy for bauxite
The State Cabinet in its meeting held yesterday, February 21, has approved the amendment of the long-term linkage policy to facilitate bauxite linkage. Chief Secretary Aditya Prasad Padhi said 70 per cent of the saleable stock of bauxite will be made available for long-term linkage and the balance...
Mercantile extends offer period for off market takeover bid of Bauxite Resources
Mercantile OFM has extended the Offer Period of the Off Market Takeover Bid for 50% shares in Bauxite Resources to 7:00pm (Sydney time) 30 April 2018. The company serves a new notice with ASIC to BAU Shareholders encouraging them to read the offer variation. According to the Extension of the Offer...
Government to return seized mining equipment to Exton Cubic
Government has decided to release the seized mining equipment belonging to Exton Cubic following the cancellation of revocation order of bauxite mining lease. The company’s bauxite mining lease was revoked by the Lands and Natural Resources Ministry in September last year. The mining equipment was...
Montenegro’s bauxite export growing by volume, but not by value
One country that has come a long way as bauxite exporter in last three years is Montenegro. The Balkan country grew its aluminium ore exports from 185969.5 tonnes in 2015 to 1.29 million tonnes in 2017 (estimated). Going by available international trade data, Montenegro is estimated to export 1.02...
Bauxite exports by Brazil declines 14.2% YoY in 2017
Brazil, the third largest bauxite producer after Australia and China, shipped 433,797 tonnes of bauxite in January, down 48.7% year on year, according to Brazil’s Ministry of Industry, Foreign Trade and Services (MDIC). For the twelve months of 2017, Brazil’s exports of bauxite decreased 14.2% year...
Fiji loads first bauxite shipment in 2018 bound for China
According to a report from Fiji Times, the first shipment of bauxite this year, valued $2.6 million, is being loaded in Bua bound for China. Ministry of Lands and Mineral Resources acting director Apete Soro confirmed the news that total bauxite tonnage of 57,960 was being loaded by the Aurum...
Bauxite Resources and Mercantile continue battles over BRL takeover bid
Bauxite Resources has lodged a Supplementary Target’s Statement on Feb 2 in relation to the recent Bidder’s Statement for the Off Market Cash Offer from Mercantile OFM. Mercantile OFM recently increased its offer to 11 cents per share for 50% of your shares in BRL (6 cents per share after the 5...
Australia bauxite export readies for a competitive year ahead
Australian bauxite export market is pegged at around US$30 million in 2018. After reaching an estimated 24 million tonnes in 2017, total bauxite export from the country is expected to total at 21 million tonnes this year. An earlier Department of Industry, Innovation and Science (DIIS) report had...
UC RUSAL alumina production increases 3.3% YoY for the full year 2017 driven by capacity ramp up
UC RUSAL, a leading global aluminium producer, announces operating results for the fourth quarter of 2017 and for the 12 months ended 31 December 2017 with improved performance in all segments of the value chain. In Q4 2017, total alumina production increased by 1.3% QoQ, totalling 1,990 thousand...
Guinea bauxite export to reach 35 mln tonnes in 2018; GDM ships its first consignment
Guinea has started 2018 with big export plans. One of its bauxite mining companies La Guineenne des Mines (GDM) announced shipment of their first bauxite consignment from a western Boke project yesterday. The miner said it aims to export 2 to 4 million tonnes bauxite this year. Guinea has been...
EGA signs deal with VITO to assess use of bauxite residue
Emirates Global Aluminium announced a partnership with VITO, the European research and technology organisation, to assess use of bauxite residue, a by-product of alumina refining, in construction materials. Abdalla Alzarooni, EGA’s Vice President of Technology Development & Transfer said: “Using...
Union Budget 2018: Indian aluminium sector’s wish list from Finance
As Finance Minister Arun Jaitley starts to present Union Budget 2018 today at Parliament, Indian aluminium sector waits eagerly to see if its wishes and demands are fulfilled. The aluminium industry wants duty on essential raw materials of aluminium production like alumina and coal tar pitch to be...
ANTAM’s bauxite sales increases 181% in FY17
The state-owned mining and metals company Aneka Tambang (ANTAM) has announced its unaudited net sales value for 2017. The company has published net sales of IDR12.55 trillion in 2017 (FY17), up 38 per cent from IDR9.11 trillion in 2016 (FY16). ANTAM has reported 181 per cent increase in bauxite...
Mercantile further extends offer period for BRL takeover bid to Feb 28
In an update regarding Mercantile OFM’s acquisition of up to 50 per cent of the issued shares in Bauxite Resources Limited, the miner announced that Mercantile has increased the bid consideration to 11 cents from the earlier 9 cents for one of every two of its shares. Further, it has extended the...
Vietnam’s estimated bauxite export to China slated to drop in 2018
As per General Department of Customs (GDC) data, Vietnam exported 4.4 million tonnes of ores and industrial minerals worth $167 million in 2017. Exports to China alone- 3.5 million tonnes accounted for 85 per cent of the total export. The quantity of bauxite exported to China totalled 343362...
India’s estimated bauxite export to decline more than 50% in 2018; but AAI wants more reduction
An optimistic projection method based on last five years’ export data yielded figures showing India’s bauxite export (HS Code 260600) decreasing by around 53 per cent year-on-year in 2018. From approximately 2.6 million tonnes in 2017 (verified data from Ministry still awaited), the annual bauxite...
