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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IMO Sub-Committee finalizes draft amendments related to bauxite shipping
<p>The Sub-Committee of the International Maritime Organization (IMO) reviewed the report of a Correspondence Group on Evaluation of Properties of bauxite and coal in light of their potential to liquefy.<br /><br />The Sub-Committee noted that a Global Bauxite Working Group (GBWG) has been...
Guinea to outdo Australia & Malaysia to become China’s main source of bauxite in 2017
<p>Since the time Indonesia had imposed a ban on ore export two years back creating a sudden lull in the hyperactive export market for China, a number of countries came up to seize the market and provide an alternative source of bauxite for China. Australia took the first plunge and continued to...
Fiji confirms first bauxite shipment of the year
<p>The Fijian government confirmed its first shipment of bauxite in 2016 on Wednesday.</p> <p>Fiji’s Acting director of the Mineral Resources Department Apete Soro told local media that the first shipment of the year left the Fijian port of Bua last month, bound for refineries in the...
Malaysia bauxite mining ban extended till end of this year
<p>The moratorium on bauxite mining in Malaysia's Pahang has been extended till end of this year. The government said if the current high ore stockpiles were not cleared by December 31, it would extend the ban for another six months. <br /><br />Bauxite mining industry in Malaysia, though largely...
SAR transfers 751,000 tons of Phosphate & Bauxite in August
<p>It was a record performance for Dammam-Saudi Railway Company’s (SAR) mine trains for three consecutive months as their phosphate and Bauxite transfer quantities exceeded 751,000 tons in August.<br /><br />Rail freight is affiliated with SAR and it has carried about 16 million tons of...
China's bauxite import declines 27% YoY in July 2016
<p>According to China's General Administration of Customs data released on August 24, bauxite import of the country shrunk 27.43 per cent year-on-year to stand at 3,634,184 million tonnes in July 2016. During January-July period, bauxite import rose 4.8 per cent YoY, a minimal rise compared to what...
India's bauxite output surges 35.5% YoY in June 2016
<p>India's total output of bauxite, the principal ore of aluminium, shot up 35.5 per cent in June this year, compared to the same period previous year. <br /><br />The country's overall mining and quarrying sector for the month of June grew by 4.7 per cent to INR18,344 crore compared to the...
Pahang miners to pay cost for building road dedicated to bauxite transport
<p>Bauxite miners in Pahang in the Kuantan Bay area have to bear the cost of constructing the road that will be used exclusively for transporting bauxite from Bukit Goh to the Port, said Pahang Menteri Besar Datuk Seri Adnan Yaakob. <br /><br />Based on his latest discussion with the state’s...
Weekly bauxite price index in China up 2.3% closing at US$47.2/dmt
<p>CBIX rose 2.3 per cent (US$1/dmt), closing at US$47.2/dmt for the week on the back of higher priced cargos from Brazil and Australia (ViU-adjusted). Also of note last week was another cargo arriving in China from Montenegro, illustrating the continuing push from Chinese refiners to diversify...
Xinfa resumes bauxite shipment after a 15-month hiatus
<p>Xinfa Aurum Exploration (Fiji) Limited shipped off their first consignment of bauxite for this year to China from Nawailevu jetty in Bua, Vanua Levu, last Sunday.<br /><br />A total of 69,701.65 tonnes of bauxite was exported from the Bua port, confirmed Xinfa Aurum Exploration (Fiji) managing...
CBIX edges lower on Malaysian cargos
<p>CBIX declined 1.5 per cent over the week (US$0.7/dmt), closing at US$46.1/dmt, with lower ViU-priced Malaysian bauxite re-appearing to pull the index lower. This is despite the Malaysian bauxite mining ban being extended until at least mid-September. The recent Malaysian cargos come as a result...
Nalco faces the market blizzard bravely and comes out successful: T K Chand
<p>Navaratna PSE National Aluminium Company (Nalco) delivered an encouraging performance in the 2015-16 fiscal even as about 70 per cent of the world's aluminium producers have reported loss. The company's gross turnover was INR 7,157 crore and net profit INR 731 crore, noted Nalco CMD T K Chand....
Vedanta's Lanjigarh alumina refinery revives second stream operations
<p>London listed metals and minerals giant Vedanata Resources has resumed work at its alumina refinery at Lanjigarh in Odisha. The company had idled the second stream at the refinery on sourcing constraints of bauxite, the principal raw material for alumina production. But, now as aluminium output...
CBIX retreats 2.7% to close at US$46.9/dmt
<p>CBIX retreated 2.7 per cent (US$1.3/dmt) over the week, closing at US$46.9/dmt. The fall signalled the return of some Malaysian bauxite to the Chinese market, which is typically priced lower (on a value-adjusted basis) than cargos from other countries. Malaysia’s return weighed heavily on...
Guinea to beat Australia as top bauxite supplier to China by 2017
<p>Experts predict that Guinea will replace Australia as China’s top bauxite supplier by 2017, China’s Ministry of Finance said on its website on July 22. <br /><br />Bauxite output in Guinea totaled some 19 million tonnes in 2015 and is expected to reach 28 million tonnes by 2016. The...
Increase in mining volumes in Timan and North Urals drives RUSAL's Q2 bauxite output up 3.9%
<p>In the second quarter 2016, UC RUSAL reported a 3.9 per cent quarter-on-quarter rise in bauxite output, totalling at 3,126 thousand tons driven largely by an increase in mining volumes at the Timan and North Urals mines. <br /><br />Bauxite output from the company's Guyana mining site declined...
Aurum Exploration met compliance regulations during one year of bauxite export stagnation
<p>The bauxite mines in Bua, Papua New Guinea, have been constantly under the scanner. The Department of Mineral Resources has conducted regular inspections, all of which revealed full compliance on the part of Aurum Exploration Fiji Ltd, the company owning the bauxite mining sites in the region....
Aurum Exploration Fiji to resume bauxite exports after a year
<p>Aurum Exploration Fiji Ltd is all set to export 70,000 tonnes of bauxite valued at $4 million, which had remained unshipped at the mining sites, next month after a year of export halt. Acting director for mines at the Department of Mineral Resources, Apete Soro, confirmed that the bauxite...
