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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Rio, Alcoa’s CBG Set to Resume Guinea Bauxite Exports
Compagnie des Bauxites de Guinee, which is owned by the West African nation, Rio Tinto Plc (RIO) and Alcoa Inc., expects to resume exports of the ore used in aluminum “this evening or tomorrow,” said Director General Kemoko Toure. Shipments were halted Sept. 12 after a conveyor was damaged, he said...
Update - Mining: PM defends radical industry shake-up
Guinea's new mining code will curb corruption and make more money available for development, Prime Minister Mohamed Said Fofana has said. The code gives the government a free 15% share in mining companies and demands greater financial transparency. Guinea, despite being the world's main exporter of...
Africa Rising: Guinea reworks its deal with mining companies
Development experts say Guinea's new mining code may be its best chance to ensure the world's largest supplier of aluminum ore gets a fair share of the profits. The question: will the new law be enforced? Last week, the most mineral rich country this side of the Congo signed into action 106 pages...
Jamaica reviewing two bids for Jamalco shares
The Jamaican Government says - in disclosures made by Finance Minister Audley Shaw to lawmakers Thursday - that the sale of its holdings in the Jamalco refinery is imminent, and that negotiations are ongoing with two parties. Jamaica's 45 per cent stake in Jamalco, held by Clarendon Alumina...
Guinea Adopts New Mining Code That Gives State 35% Stake
Lawmakers in Guinea, the world’s biggest exporter of bauxite, adopted a new mining code that will give the West African nation a 35 percent stake in commodity companies. “The code gives a correction to the old one for Guinea’s interests,” Mines Minister Lamine Fofana told reporters after the policy...
Linden bauxite dust problem worsens
Residents of Linden are expressing no-confidence in the management of bauxite company BOSAI fulfilling their recent commitment to have two dust collecting units operational by February 2012, saying that they have for many years been living on empty promises. Their claim was valid, according to...
Indonesia May Tax Shipments of Raw Minerals, Minister Says
Indonesia is considering imposing a tax on exports of mineral ores and concentrates such as nickel, copper and iron ore before their shipment in non-processed form is banned in 2014, Industry Minister Mohamad Hidayat said. A tax would encourage domestic processing of the metals, Hidayat said in...
Guyana's economy registers 5.9 % growth
Guyana's economy has achieved real economic growth of 5.9 percent in the first half of 2011. Production of bauxite reached a total of 815,505 tonnes at the half year, an increase of 38.6 percent compared to the same period in 2010. The composition of the industry’s output, a higher proportion of...
WTO ruling on exports appealed
CHINA has appealed a WTO ruling against its export policy on raw materials such as bauxite and demanded that the trade body overturn part of the ruling. A World Trade Organization legal panel in July ruled that China has broken global trading rules when it limited the exports of several industrial...
Guinea transitional council debates draft mining code
Guinea's draft mining code, in which the government plans to more than double its stake in mining projects, has been sent to the country's transitional law-making body for debate and adoption, a member of the council said on Wednesday. "The mining code is currently confidential. We have the next 10...
ENRC - Alumina production in first half-year 2011
Alumina production totaled 813 thousand tonnes. Eurasian Natural Resources Corporation is engaged in mining and processing chrome, manganese and iron ore, smelting ferroalloys, processing bauxite for the production of alumina and aluminium.
ENRC - Bauxite production in first half-year 2011
Bauxite extraction reached 2.689 million tonnes. Eurasian Natural Resources Corporation is engaged in mining and processing chrome, manganese and iron ore, smelting ferroalloys, processing bauxite for the production of alumina and aluminium.
Electrolytic Aluminum Industry Arrives at Its Inflection Point, Demand for Mining Equipment Rising Dramatically
Recently, Electrolytic aluminum industry supply can’t meet with demand under the government tight control. Majority of electrolytic aluminum enterprises once again gain profit. Aluminum hasn’t been favored in the past, however, since this June, electrolytic aluminum with its climbing price begins...
WINDALCO goes to court
The case involving bauxite company WINDALCO regarding allegations that it released a noxious substance into the Rio Cobre in St Catherine will begin today. The matter will be heard in the Spanish Town Resident Magistrate’s Court. WINDALCO was brought before the court by the National Environment and...
China not to mine bauxite in Vietnam
Vietnam does not have a policy of allowing Chinese investors in bauxite projects in the Central Highlands, President Truong Tan Sang has said.
Hindalco updates aluminum production on Q1 2011
Alumina production was lower at Renukoot, due to constrained bauxite availability. Metal production has been maintained at 140 Kilo tonne level,higher production from the new pots at Hirakud is expected from Q2 FY2012 onwards.
Venezuela’s Bauxilum Agrees to Glencore Contract, Correo Says
Venezuelan state-run alumina and bauxite producer CVG Bauxilum’s board agreed to a $120 million future supply contract with Glencore International Plc, Correo del Caroni reported, citing Wilfredo Flores, a labor director. Bauxilum will supply Glencore with 1.4 million tons of alumina between 2014...
WINDALCO slapped with enforcement notices over fish kill
The National Environment and Planning Agency (NEPA) has served three enforcement notices on bauxite company, WINDALCO, over the discharge of industrial effluent into Old Johns Gully in Ewarton, St Catherine. The release of noxious substance, which caused the death of several fishes, prompted NEPA...
