Week in Review: Top news from global bauxite sector

A weekly recap to bring you up-to-date information on bauxite industry across the world .Bauxite experienced a number of development last week .Here’s all you need to know:

Metro Mining completes rights issue to fund bauxite mine

Metro Mining has raised $36.5 million in its 1:2 non-renounceable rights issue priced at $0.125 for its100% owned Bauxite Hills Mine located in northern Queensland. The rights issue follows the recently completed placement, which raised $15.9 million taking the total combined amount raised to $52.4 million.

Rio spends more than $900 million in contract for Amrun bauxite mine project

Metals and mining giant Rio Tinto proclaimed on Tuesday, March 21, that the company has given more than $900 million in contracts for the development of Amrun bauxite mine project to Queensland suppliers in the Cape York Peninsula, Australia. The company has given nearly two thirds of the total $1.38 billion in contracts till date.

{googleAdsense}

Tân Rai bauxite project will deliver, says VINACOMIN Dy. Director Nguyen Van Biên

The Vietnam National Coal and Mineral Industry Group (VINACOMIN) operated Tân Rai bauxite mine has every quality that it takes a company to stage an emphatic comeback even after posting a mammoth loss, thinks VINACOMIN deputy director Nguyen Van Biên.

UPDATE: Ghana to set up bauxite-aluminium development authority in three months

President of Ghana Nana Addo Dankwa Akufo-Addo has announced on Tuesday, 21 March, that the government will establish an integrated bauxite-aluminium development authority in the next three months in order to shore up bauxite and aluminium production in the nation. The authority will also create strong aluminium industry.