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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Indonesian Bauxite Tax won't have Long-Term effect on Chinese Aluminum Market
The impact of Indonesia’s 20% tax on bauxite exports will have a minimal impact on the Chinese aluminum market long-term and the market is already starting to adjust to the higher cost, said a Beijing-based metals consultancy. Indonesia plans to slap a 20% tax on mineral ore exports by 2014,...
Dominican Republic eyes US$320 million in ten years from bauxite exports
Dominican Republic will receive US$40 million in one year of the more than US$320 million projected for the next 10 years, as bauxite exports resume from Cabo Rojo, Pedernales province, to North America and China. The mine will export 90,000 tons of ore monthly, of which around 13,700 are ready to...
Tough time for Bauxite miners in Gujarat
After the state government restricted fresh issuance and renewal of lease for mining in the state, bauxite miners in Porbandar area of Gujarat are facing tough times. According to industry sources, over Rs 1,000 crore worth of investments of bauxite miners are believed to have been blocked due to...
Indonesia bauxite tax disrupts Asia aluminium
Reuters reported that Indonesia's imposition of an export tax on 14 minerals is disrupting Asia's aluminium markets but the news for producers outside China may not be all bad. The most obvious distortion is the ramping up of Chinese imports of bauxite from Indonesia in the months prior to the tax...
Small Scale Miners assured Support by Tanzanian govt
The Tanzanin government will continue to support small scale miners and address various challenges they are facing including lack of equipment and reliable markets. The Minister for Energy and Minerals, Prof Sospeter Muhongo, said this during talks with representatives of small scale miners here on...
Russia's January-May Aluminum, Nickel, Zinc Output Up, Copper Down
Russia's primary aluminum output in January-May increased by 2.5% compared with the corresponding period last year, the federal statistics service reported Wednesday. The statistics service does not give non-ferrous metals output volumes in tonnages, only the percentage change. Russia's nickel...
Bauxite Resources CEO steps down
Perth based Bauxite Resources Limited (ASX:BAU) chief executive officer and executive director Scott Donaldson will step down from his dual roles by the end of the year, after two years leading the company. Bauxite says Mr Donaldson had made a significant contribution and has overseen its joint...
First Bauxite Corporation Announces Non-Brokered Private Placement
First Bauxite Corporation announces that, further to its news release issued May 23, 2012, it has now closed the non-brokered private placement (the "Private Placement") to Resource Capital Fund V LP and certain entities comprising the Pacific Road Resources Funds for a total of 22,641,510 units...
Ore export hit by Indonesia's new mining rules
Indonesia's new mineral ore export regulations have halted operations at hundreds of small mining companies, costing the country's export industry up to $164 million a month in lost nickel and bauxite sales, a mining industry body said on Friday. Indonesia in May asked all miners to submit plans to...
China Hongqiao Group Limited gets 'BB' Ratings (IDR) from Fitch Ratings
Fitch Ratings has affirmed aluminium manufacturer China Hongqiao Group Limited's (Hongqiao) Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'BB'. The Outlook is Positive. Fitch has also affirmed Hongqiao's senior unsecured rating at 'BB'. The ratings are currently constrained...
Bauxite shipments from Ghana slip by 22%
The amount of bauxite shipped out of Ghana in 2011 reduced significantly by 22%, the Ghana Chamber of Mines said in its latest mining sector report released June 6, 2012. The Chamber’s report indicated that 400,069 tonnes were shipped in 2011 down from 512,208 tonnes in 2010. As a result of the...
Gujarat Minerals to earn Rs 20 crore from bauxite sale to Anrak
Gujarat Minerals Development Corporation Ltd (GMDC) on Thursday said it has inked a pact of sale of non-plant grade bauxite with a Hyderabad-based company. This would make GMDC earn Rs 20 crore. GMDC, known for its multi-mineral and mining expertise, said it would provide bauxite from its Gadhsisa...
South African Oligarch proves to be a threat to Oleg Deripaska in Guinea
A group of South Africans, led by Tokyo Sexwale, has devised a scheme to take over mineral assets and mining concessions in the west African republic of Guinea, which the government plans to renationalize after revoking deals struck by previous Guinean governments. The Sexwale scheme is a growing...
Resource Capital Fund completes $6m investment in First Bauxite Corporation
Resource Capital Fund V L.P. ("RCF") is pleased to announce that it has completed a subsequent $6m investment in First Bauxite Corporation (the "Company"). RCF has acquired 11,320,755 Units (each a "Unit") pursuant to a private placement by the Company at a price of $0.53 per Unit. Each Unit...
Andhra govt cancels Bayyaram mining lease
The Kiran Reddy government on Monday decided to cancel the lease of Bayyaram iron ore mines spread across three mandals in Khammam district. Around 1.4 lakh acres of land was leased to a joint venture of AP Minerals Development Corporation Ltd (APMDCL) and Rakshana Steels for iron ore mining. The...
ReportReserve publishes new report in Metals & Mining Industry
ReportReserve’s new report, ‘Bauxite Mining Market in Europe to 2020 - Market Characterized by Increased Regional Demand for Aluminum Backed by Significant Reserves’ provides key information and analysis of the European bauxite mining industry, which consists of Russia and Greece. The report covers...
Chalco to cut aluminium oxide output
Aluminium Corporation of China Ltd, known as Chalco, said on May 31 that it will lower its aluminium oxide production by 1.7 million tons this year due to Indonesian export restrictions on the raw material bauxite. The reduction represents 15.44 percent of China's production of aluminium oxide, the...
Alumina prices surge on bauxite tariff
The ex-factory price of alumina from Aluminium Corporation of China Limited (CHALCO),China's largest producer of the metal, rose to 2,900 yuan ($455.33) per ton Friday, up 3.6 percent compared with the previous day. The company claims that its bauxite supplies have been affected by Indonesian...
