BAUXITE Mining News

Ship firm Oldendorff halting Guyana operation due to Rusal crisis

Rusal's 90 percent owned Bauxite Company of Guyana produced 1.05 million tonnes of bauxite - the raw material used to make aluminium - last year.

Russia sanctions throw global aluminum supply chain into chaos

Alumina prices have already rocketed, jumping by more than a quarter in the last week and heading for a record high.

Global bauxite production to grow: BMI

A new report issued by BMI research states that global bauxite production growth will accelerate over the coming years.

Rio Tinto defends executive bonus structure

Proxy adviser Glass Lewis criticised the firm for paying out bonuses in 2017, a year when two employees died at work.

Venezuelan Catholic Church worried about mining devastation

"The church but the entire world is worried about the environmental degradation that unregulated mining activities are causing in the Bolívar and Amazonas states."

Guinea: Mining firms will remain key target for anti-government protesters

Anti-government sentiment is set to further escalate in the run-up to the legislative election in September, and mining firms are likely to experience even more disruption as many blame them for the state’s failure to contribute to their wellbeing.

China's alumina restarts hindered by bauxite shortage – Antaike

Alumina refineries and aluminium smelters in parts of China cut production by 30% during November to March as part of a campaign against air pollution.

Venezuelan government defends Mining Arc, environmentalists say it’s not working

Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.

Why a small Canadian city wants to buy shares in Rio Tinto Alcan

People in Kitimat are worried about SO2 emissions.

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.