BAUXITE Mining News

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.

Norsk Hydro: Hydro and Vale end negotiations for 40 % interest in MRN

Hydro and Brazilian mining company Vale has ended negotiations on the possible acquisition of Vale's 40 % interest in Brazilian bauxite producer Mineracao Rio do Norte (MRN).

Malaysia extends bauxite mining ban until July to fight pollution

The issuing of export permits, however, will resume as soon as existing stockpiles shrink.

Malaysia imposes three-month ban on bauxite exports to fight pollution

The country, the biggest supplier of bauxite to China, said the ban takes takes effect from Jan. 15.

Malaysia may suspend bauxite mining

Malaysia is pushing to suspend bauxite mining due to concerns about its impact on the environment, a cabinet source said on Saturday, threatening to interrupt supplies of the aluminium-making material to China.

Rio Tinto to go ahead with $1.9 billion bauxite project in Australia

The Amrun mine is expected to open in 2019 and initially produce 22.8 million metric tons of bauxite a yera.

New battery charges a cellphone in one minute

Stanford discovery of an ultrafast, flexible, rechargeable aluminium-graphite ion battery could open up major new demand for graphite, bauxite miners.

Guinea said in talks on $14 billion bauxite mine forsaken by BHP

China’s Shandong Xinfa Aluminum & Electricity Group is in talks with Guinea to invest $14 billion in a bauxite project abandoned by BHP Billiton said a government official with knowledge of the matter.

Will mining disappear in the next decade?

Trend of mine production moving to emerging economies will continue.

Robust copper price prompts switch to aluminum

It's a trend already established in China where only 25% of insulated and overhead cables use copper versus 60% in developed economies.

Wood Mackenzie says Indonesia export ban points to questions over China’s long-term bauxite supply

In light of the Indonesian mineral ore ban that came into force on January 12th 2014, Wood Mackenzie says the aluminium industry - particularly in China - faces a challenge to address a growing shortage of the raw material bauxite, an aluminium ore.

Mysterious stock dump sends Montreal metals junior tanking

Orbite Aluminae crashed 36% in massive volumes on Wednesday without any fresh news that could have prompted the sell-off in the alumina and rare earth technology company.

Indonesia ban rocks nickel market

Against expectations of a last minute climbdown by authorities, Indonesia's nickel, bauxite and tin ore ban went into effect Sunday.

Guinea strikes $5bn mine deal with Abu Dhabi, Dubai

Deal includes developing a bauxite mine and alumina refinery in the west African country.

Vale pockets $1.1bn from Norway sale

Vale, the world's biggest iron ore miner, is continuing with its strategy of divesting its non-care assets.

Simandou railway will uproot 10,000 people

Rio Tinto's $20 billion Simandou project in Guinea calls for a 670km railway across the West African nation that will displace thousands.

Rio and Chalco abandon bid for $20bn bauxite deposit in Australia

The move surprised investors, especially since Chalco had previously held the lease and was willing to develop the resource.