BAUXITE Mining News

First Aboriginal mine opens in Northern Territory

Sunday was a proud day for Aboriginal people in Australia's Northern Territory, with the opening of a new bauxite mine.

Indonesia to grab Rio Tinto stake in Grasberg mine

After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.

Dominican Republic presents Extractive Industries Transparency Initiative report

The country's reserves have been estimated at $60 billion for metallic and 40 billion for non-metallic resources.

Venezuela’s Mining Arch in the spotlight again

New reports highlighting the environmental dangers posed by mineral exploitation at the Mining Arch have emerged, as Venezuelan officials try to convince Alrosa to invest in the project.

China’s demand drives long-term gains for aluminium

BMI Research raised the 2018 aluminium price forecast to $2,000/tonne, from a previous forecast of $1,900/tonne.

Major Guinea bauxite mine to start producing in 2019

Alliance Mining Commodities will invest $670 million over the first five years of production at its mine in northwestern Guinea, Saadou Nimaga.

Copper price: Rio slashes production guidance

Delayed ramp-up at Escondida, mine sequencing at Kennecott.

Freeport pressed to give most of Grasberg copper-gold mine to Indonesia ASAP

Freeport agreed in August to divest a 51% stake in Grasberg to local interests in return for full operational control until 2041 plus fiscal and legal guarantees, but a final deal has still to be reached.

Indonesian exports 1.49m wmt of nickel ore by end-Sept

The ministry resumed exports of unprocessed minerals earlier this year and had started to roll out exports quotas in April.

Electric London cabs spur reopening of UK aluminium plant

Norsk Hydro is reopening a British plant in Wales to supply material for the country's first electric vehicle factory.

Freeport to yield control of giant Grasberg copper mine to Indonesia

The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041.

China's Chalco plans $500m investment in Guinea bauxite project

The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.

China aluminium soars due to capacity closures

The news around China’s pollution crackdown spiked investors concerns

Malaysia extends bauxite mining moratorium for six months

Moratorium aims to restrict illegal mining activity on private land and companies that ignore mining guidelines, resulting in environmental pollution.

Ghana signs $10B MOU with China for bauxite project – Senior Minister

The funds from Beijing would contribute towards building 1,400 km of a planned 4,000 km railway network, which would connect bauxite mines and production sites.

Bauxite on the move

Mining will commence in July at the Urquhart bauxite project in far north Queensland.

Freeport, Indonesia work out initial Grasberg exports deal

The Indonesian unit is now in the process of obtaining a full export permit.

Freeport halts Grasberg mine, begins sending workers home

The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.

Freeport may curb Indonesia operations if Grasberg deal delayed further

Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.

Freeport may resume copper exports from Indonesia in ‘a day or two’ — authorities

Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.

Curb your copper price enthusiasm – report

"The run-up in base metal prices, particularly after the US Presidential election, may be getting ahead of fundamentals."

Nickel prices plummet as Indonesia eases export ban

Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.

Major tailings dam burst reported in China

Villagers evacuated before tailings dam burst at aluminum refinery in Henan province destroyed nearby town.

Rio cautious on outlook as earnings halve

"The global economy seems stuck in a subdued low-productivity growth pattern," says world's number two miner after reporting lowest earnings in 12 years.

Australia cashes in on bauxite boom, fuelled by Chinese demand

Bauxite miners ride the wave as China steps up aluminum production.