Rusal commissions bauxite mine at Dian Dian.
BAUXITE Mining News
Neighboring Guinea is now China’s largest supplier of bauxite after overtaking Australia in 2017.
Company confirmed is in talks to sell its stake in the world’s second largest copper mine to Indonesia’s Inalum.
Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the US deems essential to national security.
The company had already lost between one million to 1.2 million tonnes of scheduled bauxite production because of the strike.
Votorantim said profit was also boosted by sales growth in its aluminum and cement businesses.
Guinea is Africa's top bauxite producer and output more than doubled last year to about 50 million tonnes.
By extending the sanctions deadline to Oct. 23, 2018, the Treasury Department has given Rusal and the aluminium market some much needed breathing space.
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.
Alumina prices have already rocketed, jumping by more than a quarter in the last week and heading for a record high.
A new report issued by BMI research states that global bauxite production growth will accelerate over the coming years.
Proxy adviser Glass Lewis criticised the firm for paying out bonuses in 2017, a year when two employees died at work.
"The church but the entire world is worried about the environmental degradation that unregulated mining activities are causing in the Bolívar and Amazonas states."
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.
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.
Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.
People in Kitimat are worried about SO2 emissions.
Sunday was a proud day for Aboriginal people in Australia's Northern Territory, with the opening of a new bauxite 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.
The country's reserves have been estimated at $60 billion for metallic and 40 billion for non-metallic resources.
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.
BMI Research raised the 2018 aluminium price forecast to $2,000/tonne, from a previous forecast of $1,900/tonne.
Alliance Mining Commodities will invest $670 million over the first five years of production at its mine in northwestern Guinea, Saadou Nimaga.
Delayed ramp-up at Escondida, mine sequencing at Kennecott.
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.