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 Import Create Historical New High
Chinese bauxite import reached 4478 thousand tons in September hitting new high in these four months according to China Customs, and was just close to the highest import volume in May. From January to September total bauxite import volume reached 32724 thousand tons,increasing by 52.32% yoy. In...
Update - Bauxite exports from Guinea's CBG suspended
Bauxite exports from Guinea's CBG have been suspended due to further damage to the machine used to load boats, company and government officials said on Sunday. The suspension follows a previous accident on a conveyor belt last month, which froze exports from the world's top supplier of the aluminum...
Economic blockade against Hindalco in Lohardaga
The Gram Vikas Sangharsh Samiti, a committee of villagers of four panchayats, including Bagru, on Tuesday started an indefinite economic blockade on the Bagru-Lohardaga road accusing Hindalco of neglecting community development programmes. Hindalco is the leading bauxite company among the mine...
EPA Sanctions Ghana Bauxite Company
The Ghana Bauxite Company Limited has incurred the wrath of the Environmental Protection Agency (EPA) for refusing to submit its monthly environmental monitoring data for processing in the 2010 Public Disclosure for Environmental Performance Rating Programme. Ghana Bauxite, the only company in the...
Expect royalty payout to double due to new mining bill: BL Bagra, NALCO Ltd
Mr.Bagra,Nalco CMD says in an interview that as far as NALCO is concerned,their annual payment of royalty on the bauxite, which they are mining presently is in the range of Rs 60 crores. However, that was based on the pre-expanded capacity. Now that their second phase of expansion of alumina...
Bauxite, Alumina Supply Bottlenecks Loom -Norsk Hydro
Bottlenecks in the supply of bauxite and alumina will be a key issue for the aluminum industry, and in particular for China, in the coming months, Norsk Hydro chief executive said Wednesday. "Bauxite and alumina will be the first place in the value chain that we'll see bottlenecks going forward,...
Bauxilum aiming to produce 1.65Mt of alumina in 2012
Venezuelan state alumina and bauxite company Bauxilum aims to close 2012 with production of 1.65Mt of alumina, director of labor relations Wilfrido Flores told BNamericas. "It's a completely achievable goal, but it depends on two factors. The first is the injection of resources and the second is...
China takes mining measures
In China,mines will be required to boost production efficiency,as per information received. China is stepping up efforts to conserve natural resources including bauxite by clamping down on illegal mining and curbing exports of the commodities.
Mineral production rises in Guinea
Bauxite or aluminium ore production in Guinea the world's top supplier rose 5.2% year-on-year during the first half of 2011 to 9.7Mt, according to a report released in the capital this week. Guinea's economy relies heavily on its mining sector, and its resource riches have drawn billions of dollars...
ED seizes Bauxite lease files, to slap PMLA case
Enforcement Directorate officials on Monday took possession of important files relating to the mining leases granted to companies from the state Secretariat. While taking over 22 such important files, the ED team led by deputy director N Sridhar met chief secretary S V Prasad and informed him that...
Guyana opposition warns foreign bauxite firms
Opposition politicians in Guyana threatened to kick out two bauxite mining companies from Russia and China if they flout labor laws. Alliance For Change, the country's second largest opposition party, on Sunday told residents of the eastern bauxite mining town of Linden that Russia's UC Rusal and...
Update-China Bauxite Import Keeps High In August
According to China import and export report China bauxite imports are 3851.5 thousand tons in August, growth of 54.94% yoy, and 3743.1 thousand tons in July. From the beginning of this year, total import has been 28295.3 thousand tons,growth of 44.62% yoy. Indonesia, Australia, India and Germany...
Bauxite reserves will contribute in improving Ghana economy
Many international financial institutions continue to paint a positive outlook for Ghana’s economy, citing improved macro-stability, high commodity prices. The latest bullish assessment and positive outlook for the country’s economy comes from the report of Standard Batik, parent company of Stanbic...
80% Imported Bauxite of China from Indonesia
China’s import volume of bauxite has been increasing sharply this year. From officials of Chalco and Shangdong Xinfa Aluminum,its learnt that Indonesia is involved in restricting the export of bauxite. This will exert great pressure on the aluminum oxide industry in China. 60% of China’s bauxite...
Update - Road upgrade to facilitate bauxite transport
The Vietnam Ministry of Transport will invest VND3.9 trillion (US$187.5 million) to upgrade 227km of National Road 20, said Truong Huu Hiep, director of Central Highlands LamDong Province's Transport Department. He said the upgrade would facilitate the transport of bauxite. National Road 20...
CBG Halts Guinea Bauxite Exports as Repairs Fail
Guinea's CBG halted bauxite exports on Sunday afternoon after repairs to a conveyor belt used to load ships failed, a company source told. The company's exports had restarted from a week-long shutdown earlier in the day after repairs to the conveyor were completed, but the staples the company had...
Salcete truck owners gun for RTA
Truck owners from Salcete hit out at the Rivona Truckers' Association (RTA), who have planned to stop trucks from Navelim, Margao, coastal areas of Benaulim, Colva and Varca from entering mining sites at Rivona. Speaking on behalf of the Salcete truckers' community, member Sadanand Naik, told...
Minmetals left with OZ essentials only
MINMETALS Resources will be left with only the assets it bought from OZ Minerals in 2009 and a small bauxite interest after sealing a $US726.8 million ($713m) deal to sell trading and fabrication assets to parent company China Minmetals Nonferrous. The previously flagged sale will leave...
