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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Ghana drafts bill for Integrated Bauxite & Aluminium Development Authority
Government of Ghana is drafting a bill to be presented to parliament for the establishment of the Integrated Bauxite and Aluminium Development Authority, according to news published by citifmonline.com. Alhaji Dr Mahamudu Bawumia, Vice President of Ghana, made the announcement at the ongoing...
Malaysia’s bauxite export shrinks but continues; stockpiles still an issue at ports
We are nearing the end of 2017, and Malaysia’s bauxite export still continues to remain a riddle for the industry. Even after almost two years of banning bauxite mining to force illegal miners to meet environmental standards, Malaysia’s bauxite exports to one of its major markets- China have been...
Republic of Ghana’s bauxite export to China increases 156% since July 2017
Republic of Ghana has come up a long way as one of the major bauxite exporters to China since July this year. From 43,904 tonnes in July it has surged to reach 1,12,587 tonnes in October 2017, revealed data released by the General Customs Administration of China on November 24. The increase of 156...
Pahang MB: Bauxite mining still a problem despite moratorium
The Pahang government still faces various problems relating to bauxite mining, despite the federal government having imposed a moratorium on the activity, Menteri Besar Adnan Yaakob told the State Assembly. Adnan said the problems included failure of bauxite mining operators to comply with the time...
Mercantile lodges bidder statement for Bauxite takeover
Mercantile Investment which has proposed a takeover bid for Bauxite Resources so far has only 3.1 per cent of the company’s shares, a bidder statement lodged today confirmed. The company wants to acquire controlling stakes of the exploration firm with an off-market 9c-a-share cash offer for half of...
No mining in Cockpit Country from now; Jamaica PM announces ban
Andrew Holness, Prime Minister of Jamaica, announced a ban on mining activities in the Cockpit Country Protected Area, Jamaica. Andrew Holness made the statement in parliament on Tuesday, November 21. Holness said, “In this regard, the Mining Act and any existing mining licences will be amended to...
Argentina sees significant rise in bauxite import in 2017; China tops the exporter list
Argentina imported $54.7 billion worth of products in 2016. The country’s imports decreased during the last five years at an annualized rate of -6.705%, from $72.4 billion in 2011 to $54.7 billion in 2016. Argentina witnessed a fall in bauxite imports in 2016. The country’s export of bauxite is...
Bauxite Resources sets out facts for Mercantile; says considerable progress made in exploration
In an official response to Mercantile chairman Ron Brierley’s comment that “it is time to call a halt” Bauxite Resources said the statement made was “misleading.” Bauxite in its ventures has been satisfactorily successful and continues to make further strides in bauxite exploration and mining...
Indian govt extends Public Utility Service status for bauxite mining and aluminium sector
The Government of India said Wednesday, November 15, that it has decided to further extend the “Public Utility Service” status of the services in the aluminium and aluminium manufacturing and bauxite mining sector for a period of six months. To be effective from November 16, these services come...
Chalco expects to start bauxite mining in Guinea by early 2018
The growing demand for bauxite in China is driving domestic integrated aluminium producers to explore opportunities outside China to invest in projects to extract the valuable raw material. A representative from Chalco, a unit of China's biggest state-run firm, Chinalco, said on Thursday that the...
Jamaica betting big on bauxite and alumina sector - Alpart to be the game changer
Jamaica’s bauxite and alumina industry is on a growth trajectory. Driven by the reopening of Alpart bauxite mining and processing complex by Jiuquan Iron and Steel Company (JISCO) Limited in Nain, St. Elizabeth, the industry is growing bringing hope for the entire economy, Minister of Transport and...
Bauxite Resources advises shareholders not to take any action on the proposed takeover by Mercantile
Bauxite Resources Limited has published its response to the Off-Market Proportional Takeover Offer by Mercantile Investment Company Limited. The company has said in a release that it has come to know through an announcement to the Australian Securities Exchange dated 8 November 2017 that a wholly...
Mercantile plans to buy Bauxite Resources, sell its assets and return cash to shareholders
ASX-listed Mercantile Investment Company has announced its intention to make a proportional off-market takeover bid for half of fellow-listed Bauxite Resources as part of a plan to put cash back in shareholders’ pocket after a decade of “failed” exploration efforts. In a letter to Bauxite Resources...
XINFA Aurum continues bauxite mining in Fiji to increase stockpile
XINFA Aurum Exploration Fiji Ltd has said that they are continuing with bauxite mining at the Naibulu bauxite mine site, despite the halt in shipment. Ministry of Lands and Mineral Resources permanent secretary Malakai Finau said mining was progressing well in the area. He added that the company...
Montenegro likely to increase bauxite export in 2017
Montenegro’s exports of commodities increased during the last three years. Bauxite is among the top export commodities of the country. Rudnici Boksita Niksic is a large mine located in the Central - Western part of Montenegro. {newsStudioGallery} The mine represents the largest bauxite reserve,...
Solomon Islands expected to witness a jump in exports of bauxite in 2017
Solomon Islands has a great potential of bauxite. The country’s production volume is estimated to reach three million tonnes in 2017. {newsStudioGallery} The country’s export of bauxite represents 90 per cent of the total exports. The top export destination of the Solomon Islands is China. China...
Australia outshines Guinea as China’s top bauxite supplier in Sept 2017
After putting up a somewhat muted show for two consecutive months- July and August, Australia's bauxite exports to China grew in September 2017. The volume increased by 63 per cent year-on-year to reach 2.83 million tonnes, higher by 369,303 tonnes from Guinea’s bauxite exports to China (2.46...
Hydro’s Q3 2017 results down on increased raw material costs and currency
Hydro yesterday announced results for the third quarter of 2017. The company’s underlying earnings before financial items and tax decreased to NOK 2,446 million in the third quarter. Hydro President & CEO, Svein Richard Brandtzæg said, “"We have lifted our global demand estimate for 2017 to 5-6%,...
