WEEKLY: Guinea shipments surge but freight costs keep China bauxite spot split, prices pinned in tight band
China's domestic ore prices held steady last week. In Shanxi, a limited volume of relatively lower-grade domestic ore was concluded under long-term contracts at approximately RMB 530 per tonne. In Henan, the expected increase in domestic ore output has yet to materialise, leaving the supply-demand...
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...
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Research and Markets: Bauxite and Alumina Market Review - Five Year Market Forecast
Dublin - Research and Markets has announced the addition of the "Bauxite and Alumina Market Review" report to their offering. The Bauxite and Alumina Market Review is an absolutely essential resource for anyone interested in the detailed information on the reviewed market. Using a wide range of...
Global Demand Growth for Both Bauxite & Alumina Shows Stable Rates
Thanks to the wide-spread application of bauxite in the face makeup, dishwashers, cement, soda cans production, the demand for the mineral is rather healthy and is to retain the stable growth rates. Alumina in its turn is primarily utilized in the ceramic products and chemical processing, the...
Guyana Creates Bauxite Development Unit
With increasing demand for Guyana’s bauxite, the country’s government has established a Bauxite Development Unit within the Guyana Geology and Mines Commission. The unit will coordinate, oversee and assist in making recommendations on all aspects pertinent to bauxite resources in Guyana, from...
Prime Minister urges bauxite workers to focus on the resurgence of bauxite mining operations
Prime Minister, Samuel Hinds has urged bauxite workers to avoid conflicts and capitalize on the resurgence of bauxite mining operations. He noted that jobs and good wages come from profitable companies. It is the prime minister’s view that the decisions taken by government in relation to the...
UPDATE 1-Workers strike at RUSAL alumina refinery in Guinea
Employees at UC RUSAL's Friguia alumina refinery in Guinea have gone on strike, paralysing operations there, a union member and two other employees told Reuters, but the company said production losses would be "insignificant". Kabinet Barry, a spokesman for the worker's union, said their demands...
Bauxite company(BCGI) moves to court to stop arbitration
The Bauxite Company of Guyana Incorporated (BCGI)-majority owned by Russian Aluminium (RUSAL)- has moved to the High Court and secured a temporary stay of arbitration proceedings ordered by government into a dispute between the company and the Guyana Bauxite and General Workers Union (GBGWU). When...
Indonesian bauxite miners stop production
Indonesian bauxite miners have stopped production due to uncertainties over potential export law changes, said Barclays Capital in a research note. According to the bank, bauxite miners are to stop producing until there are clearer export regulations. The miners, particularly in Riau and Kalimantan...
Bauxite shipment on hold
A TOTAL of 40,000 tonnes of bauxite has been mined so far this year. However, XINFA Aurum Exploration Fiji has stockpiled the bauxite as engineers work at completing the Navakasiga Jetty. This was made known to a group of journalists, who visited Nawailevu Bauxite mine yesterday. The group was on a...
CEAC to give its position on Montenegro's request regarding KAP and Bauxite Mines by the end of the week
The Central European Aluminium Company is expected to give its position, by the end of the week, on the Government 's request to voluntarily transfer its shares in the Aluminium Plant Podgorica (KAP) and the Bauxite Mines to Montenegro, because of its failure to adhere to the Settlement Agreement....
GIA comprehensive global report on Bauxite and Alumina markets
GIA announces the release of a comprehensive global report on Bauxite and Alumina markets. The global market for Bauxite and Alumina is forecast to reach 211.3 and 76.2 million metric tons, respectively, by the year 2017. With global economy on the growth path post recession, both production and...
China Alumina Capacity Will Hit 54,490 Thousand Tons 2012
Owing to decelerated global economic growth expected that ocean freight was unlikely to rise, while most of alumina importers in China had signed long-term cooperative agreements with mines, so prices were kept stable. But when faced with tight bauxite resource, FOB price of imported bauxite may...
Tony Blair expands his African empire into mineral-rich Guinea
The agreement coincides with a deal to explore new mining opportunities signed by the government of Guinea and a Middle East investment fund, which also employs Mr Blair as an adviser on business matters. That contract potentially opens Mr Blair up to accusations of a conflict of interest — as an...
Bauxite workers’ dismissal dispute heads to arbitration
An almost three-year-old dispute that led to the controversial sacking of 67 bauxite workers has been sent for arbitration, a statement from the union said over the weekend. According to the Guyana Bauxite and General Workers Union (GB&GWU), it is welcoming the decision of Minister of Labour, Dr....
RUSAL's dismissal of bauxite workers for arbitration
Three years after 62 workers were dismissed by the local subsidiary of Russian Aluminium (RUSAL) and a senior company official had allegedly threatened to assault workers, the Guyana government has decided to take the dispute to arbitration. President of the Guyana Bauxite and General Workers Union...
Strike hits mining in Chhattisgarh
Raipur: The nationwide strike called by the country's trade unions has hit bauxite, coal and iron ore mining in mineral-rich Chhattisgarh, officials said on Tuesday. Reports coming in from the state's northern Surguja district say that bauxite mining has been severely hit at Mainpat area, about 450...
China January Bauxite Imports Reach 3.1214 Million Tons
According to the China Customs, China imported 3.1214 million tons bauxite in January, up by 6.61% on YoY basis. And the average unit price for the imported bauxite is $45.69/ton. In January, the main importing country of bauxite is Indonesia, with volume of 2.4147 million tons, up by 4.77% on YoY...
Guinea bauxite, alumina output rise in 2011
Guinea's bauxite and alumina output rose in 2011, although work stoppages and softening world demand prevented a larger increase in production, the West African state's government said on Monday. Bauxite production rose more than 9 percent to more than 17.5 million tonnes, while alumina output rose...
Minister says no bauxite mining without tribal people’s consent
Tribal Welfare Minister P.Balaraju has said that the Government would take into consideration the feelings of the tribal people living in the agency area of Visakhapatnam district, before allowing mining of bauxite reserves. At a press conference here on Sunday, Mr. Balaraju denied reports that the...
