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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Bauxite Union highlights concerns with newly appointed Labour Minister Dr. Gopaul.
The Guyana Bauxite and General Workers Union has highlighted several matters of importance to the newly appointed Minister of Labour, Dr. Nanda Gopaul. In a press statement, the union listed grievances it has with three bargaining units including the Bauxite company of Guyana Inc (BCGI), Oldendorff...
Guinea Bauxite Company Workers Halt Strike for Wage Talks
Workers at Compagnie des Bauxites de Guinee, which is owned by Rio Tinto Plc (RIO), Alcoa Inc. (AA) and the West African nation’s government, halted a two-day strike to hold wage talks, said union leader Sekou Oumar Ly Diallo. The protest, which has workers calling for a 50 percent pay rise, was...
China’s Minmetals Resources Scrambles To Extend Life of Mines, Eyes Alumina
Scrambling to extend the life of its mines, four of which are set to conclude by 2020, China's Minmetals Resources Ltd. is on the prowl to acquire Australia based miners Mirabela Nickel Ltd.and Alumina Ltd., with a $7 billion to boot to capture the two companies' nickel, bauxite and alumina output....
Expert panel to make second visit to Agency areas
The expert committee formed by the Union Ministry of Forests and Environment is making its second visit to the two areas in Visakha Agency that have been identified for bauxite mining, from December 20 to 22. The committee is headed by former Director General of Forests J.C. Kala, who was former...
Venezuela mining showing signs of growth -Camiven
BNamericas cited Mr Luis Rojas president of Venezuela's mining chamber Camiven as saying that mining is showing signs of recovery during Q4. Mr Rojas said that the rebound is most evident in non metallic mining but it's also noticeable in that Ferrominera Orinoco has been producing a bit more iron...
Bauxite buys from open market adding to costs, says SK Roongta, MD, Vedanta Aluminum
Metal tycoon Anil Agarwal committed to invest about Rs 60,000 crore for building Vedanta Aluminum - the aim was for a 2.4 mt plant which is almost equal to the total aluminum consumed in India. But a ban on bauxite mining and government denial to expand its alumina refinery, have upset Vedanta's...
Guinea’s Bauxite Production Rises in Nine Months
Bauxite production in Guinea, the world’s biggest exporter of the ore, increased 5 percent to 12.7 million metric tons in the first nine months of 2011. This was said in a statement handed to reporters today in Conakry, the capital by the Finance Ministry.
PPP/C campaigners continue to plug jobs for Lindeners
The promise for jobs continues to be made at the PPP/C rallies and meetings in Linden and according to Campaign Manager for Linden, Andrew Forsythe,in the next five years the PPP/C can assure residents of over a thousand jobs in various sectors. He said that there will be major expansion in the...
Bauxite workers are not treated equally
Leaders of government usually set the tone for the nation, among which integrity is established and respect is maintained, based on the things they say and do. When Guyana Prime Minister Hinds told this nation at a Buxton political meeting that the government treats bauxite and sugar workers...
Jamaica to offload stake in Windalco
Government plans to sell its seven per cent stake in West Indies Alumina Company (Windalco), which includes operations at Ewarton and Kirkvine, according to Philip Baker, a top economist at the Jamaica Bauxite Institute (JBI). Valuators are currently tabulating the net worth of the assets. The...
Aluminium industry worried over cheaper Chinese imports
The domestic aluminium consumption is poised to take off in a big way over the next few years. But the industry is having sleepless nights over cheaper Chinese imports, which are hurting its chances to tap the growing demand. There is clearly an attempt on its part to protect its turf, and the...
Bauxite MOUs in Andhra pradesh
Yet another instance in which the state government gets a pittance while the private promoters a lion's share of the revenue has come to light. The YSR government had entered into two separate memorandums of understanding (MoUs) in 2007 with the government of Ras al Khaimah (an emirate forming part...
$1.000 Billion Worth of Raw Metals
It is estimated that the value of sites of metals on Kosovo overcomes the amount of $1.000 billion. Corporate experts for raw metals and minerals have announced in the end of 2008 the estimated reports of reserves: The mine "Grebnik" south from Glina, has for a fact 1.700.000 tons of bauxite...
NWU requests details on the future of bauxite
In Jamaica,The National Workers Union (NWU) has written to Mining Minister Clive Mullings requesting an update on future plans for the bauxite/alumina sector. The union, which represented workers who were displaced following the closure of mining plants at the height of the global financial crisis,...
Bauxite and sugar workers are not treated equally
Leaders of government usually set the tone for the nation, among which integrity is established and respect is maintained, based on the things they say and do. When Prime Minister Hinds on November 3 told this nation at a Buxton political meeting that the government treats bauxite and sugar workers...
Australian Bauxite analysis
The Chinese bauxite import statistics for the month of September 2011 show another record month with imported tonnage of bauxite being 37% more than last year at 4.48 million tonnes for the month. The price of Australian bauxite imported into China has risen 19% to US$57.23/tonne. Commenting on the...
Strike affects bauxite transport in Ranchi's Lohardaga mines
Transportation of bauxite from Pakhar and Richughuta mines of Hindalco Industries Limited remained paralyzed for the second day on Sunday. Following a call of Motor Workers' Union and Truck Owners' Association of Pakhar and Richughuta mines, the drivers, helpers, truck owners, labourers have...
Update-Guinea bauxite exports resume after breakdown-CBG
Bauxite exports from Guinea' CBG have resumed, eight days after a breakdown blocked shipments from the West African state, the company told Reuters on Sunday. CBG, a joint-venture between Alcoa , Rio Tinto and the Guinean government, is the world's largest bauxite exporter company with annual...
