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Bauxite News

Standard Bank meeting all capital and liquidity requirements 

By: Martin Creamer     1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... 

Bald Hill production ramps up

By: Esmarie Iannucci     1st April 2020 Bauxite miner Australian Bauxite is ramping up production to assist fertilizer production in Tasmania. The ASX-listed company on Wednesday said that it has started the delivery of 800 t of its special fertilizer bauxite as part of an ongoing contract to regularly supply bauxite to a fertilizer... 

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

China warns metals firms not to race back from virus

By: Reuters     6th March 2020 China's Industry Ministry said on Friday metals firms should not seek to ramp up production at all costs and should "avoid vicious competition" with one another as they return to work in the wake of the coronavirus outbreak. Industrial production in China, the world's biggest metals consumer,... 

First bauxite cargo from Chalco's Guinea mine arrives in China

By: Reuters     27th February 2020 The first cargo of bauxite shipped from Aluminum Corp of China's Boffa mine, in Guinea, has arrived in China, a spokesperson for the company, which is also known as Chalco, said on Thursday. The 55 000 t cargo arrived at the port of Rizhao in eastern China's Shandong province on Wednesday after... 

TerraCom makes a play for African bauxite

By: Esmarie Iannucci     24th February 2020 ASX-listed TerraCom is continuing its acquisition spree in Africa, with the company signing a binding term sheet for the acquisition of bauxite developer Anglo African Minerals (AAM). AAM’s bauxite resources are located in the Republic of Guinea, consisting of three development projects,... 

Budget deficit reflects mining decline in DRC

By: Halima Frost     7th February 2020 Macroeconomic researcher Fitch Solutions expects that the Congolese budget deficit will widen from an estimated 0.7% of gross domestic product in 2019 to 1.1% in 2020, owing to declining revenues from the mining sector. The Congolese mining sector has a major bearing on government revenues,... 

Budget deficit reflects mining decline in DRC
DARK DAYS The mining industry in the Democratic Republic of Congo has experienced some dark times over the last few years

Metro continues apace in December quarter

By: Esmarie Iannucci     23rd January 2020 Bauxite miner Metro Mining has reported a solid quarter in the three months to December, with production in line with expectations. The ASX-listed company on Thursday noted that bauxite production for the quarter reached 1.2-million tonnes, down from the 1.4-million tonnes in the previous... 

World risks 'disaster' as reuse of natural resources declines

By: Reuters     21st January 2020 The proportion of raw materials the world is reusing has fallen, researchers said on Tuesday, warning of a "global disaster" as annual consumption of natural resources rose to 100-billion tonnes for the first time. Just 8.6% of the 100-billion tonnes of materials – including minerals, metals,... 

Billionaire’s letters to Congo’s Kabila were sought by UK fraud watchdog

By: Bloomberg     9th January 2020 UK fraud prosecutors sought an Israeli billionaire’s correspondence with the former President of Democratic Republic of Congo Joseph Kabila as part of one of their largest bribery investigations, a lawyer for the Serious Fraud Office said at a London trial. SFO attorney Jonathan Hall described... 

Australian exports forecast for record year in 2019/20

By: Esmarie Iannucci     19th December 2019 Australia’s resource and energy export earnings are forecast to set a record A$281-billion in 2019-20, up from A$279-billion in 2018-19, new data from the Office of the Chief Economist has revealed. Minister for Resources and Northern Australia Matt Canavan noted that the record earnings are... 

Australian exports forecast for record year in 2019/20

Nalco to start greenfield bauxite production in 2023

By: Ajoy K Das     11th December 2019 State-run National Aluminium Company Limited (Nalco) will bring Pottangi greenfield bauxite mining project into production by 2023 to support raw material supplies for its alumina refinery plant in the eastern Indian state of Odisha. The three-million-ton-a-year Pottangi mines would be linked for... 

Base metals fundamentally in good shape despite lower demand – Glencore

By: Martin Creamer     3rd December 2019 Despite weaker 2019 demand, base metals are fundamentally in good shape, Glencore CEO Ivan Glasenberg said on Tuesday. Presenting an investor update with Glencore CFO Steve Kalmin and Glencore industrial assets head Peter Freyberg, Glasenberg described copper, zinc and nickel markets as being... 

Base metals fundamentally in good shape despite lower demand – Glencore
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Alcoa joins the ICMM

By: Creamer Media Reporter      21st November 2019 US-headquartered bauxite, alumina and aluminium products producer Alcoa has become the twenty-seventh company to become a member of the International Council on Mining and Metals (ICMM), which brings together companies and regional and commodities associations to strengthen the mining industry's... 

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Solar reducing electricity costs, lowering diesel use
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd

Metro wins A$47.5m NAIF loan

By: Esmarie Iannucci     12th November 2019 The Northern Australian Infrastructure Facility (NAIF) has offered a A$47.5-million loan to ASX-listed Metro Mining for the Stage 2 expansion of its Bauxite Hills mine, in Cape York. A previously completed definitive feasibility study (DFS) on the Stage 2 expansion estimated that it would... 

Metro wins A$47.5m NAIF loan

Robust fiscal regimes needed to grow African mining sector

By: Theresa Bhowan     8th November 2019 The success of Africa’s mining sector is determined by a combination of the quantity and quality of resources, commodity prices, and the domestic policy and regulatory environment’s ability to attract and retain investment. 

Robust fiscal regimes needed to grow  African mining sector
Photo by Bloomberg
MY PRECIOUS For large-scale bauxite resources, an infrastructure deficit has crippled the development of high-quality mining assets

Metals sector in costly battle to turn green

By: Reuters     25th October 2019 Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments. While the transition may prove overwhelming for smaller producers, larger companies are playing a long game, casting ahead to a period... 

SA moves to give new impetus to exploration, following years of stagnation 

By: Tracy Hancock     18th October 2019 The absence of new mining projects, owing to limited exploration, continues to weigh on the future sustainability of South Africa’s once thriving mining sector, which once captured a larger share of major mining budgets. “There is simply not enough investment in new mineral exploration to take... 

SA moves to give new impetus to exploration,  following years of stagnation
Mandela Mining Precinct co-director Alastair Macfarlane discusses an initiative under way to stimulate local exploration. Camera work: Kutlwano Matlala. Editing: Nicholas Boyd.

Metro Stage 2 to cost A$51m

By: Esmarie Iannucci     14th October 2019 A definitive feasibility study on Stage 2 of the Bauxite Hills mine, in Queensland, has estimated that it would require a capital investment of A$51.4-million to increase production from the current 3.5-million tonnes a year to six-million tonnes a year. ASX-listed Metro Mining on Monday said... 

Metallica weighing logistics at Urquhart

By: Esmarie Iannucci     11th October 2019 ASX-listed Metallica Minerals has identified three potential logistic options for its Urquhart bauxite project, in the Cape York Peninsula. The company on Friday told shareholders that an updated prefeasibility study for the Urquhart project would determine the appropriate logistic option, with... 

China's Chalco delays Boffa bauxite mine launch to 2020

By: Reuters     10th October 2019 Aluminum Corp of China, also known as Chalco, has delayed the launch of its Boffa bauxite project in Guinea until at least the first quarter of 2020, a company official said on Thursday. Construction on the project, expected to produce 12-million tonnes of the aluminium ore a year, would be... 

Biodiversity, climate everyone’s issues – Environment Minister  

By: Martin Creamer     8th October 2019 South Africa is one of the world’s top three mega biodiverse nations along with Brazil and Indonesia, said Environment Forestry and Fisheries Minister Barbara Creecy in her address to the Oppenheimer Research Conference (ORC). “We are thus one of the richest countries in terms of the diversity of... 

Biodiversity, climate everyone’s issues – Environment Minister
Environment, Forestry and Fisheries Minister Barbara Creecy ORC presentation by Mining Weekly's Martin Creamer. Camera Work: Darlene Creamer

Investment in climate-positive companies growing – Joburg Indaba  

By: Martin Creamer     7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... 

Investment in climate-positive companies growing – Joburg Indaba
Mining Weekly's Martin Creamer on Joburg Indaba climate discussion. Video Editing: Nicholas Boyd. Video: Kutlwano Matlala. Photo: Dylan Slater.

Environment government’s most important Ministry – Oppenheimer  

By: Martin Creamer     4th October 2019 The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference. “Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment... 

Environment government’s most important Ministry – Oppenheimer
Former mining luminary Nicky Oppenheimer covered by Mining Weekly’s Martin Creamer. Camera Work: Darlene Creamer. Photograph: Dylan Slater.

New technologies can make mining safer, sunrise industry – Mgojo  

By: Martin Creamer     2nd October 2019 The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday. Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote... 

New technologies can make mining safer, sunrise industry – Mgojo
Minerals Council South Africa president Mxolisi Mgojo’s address to Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.

Proudly South African anti-cable theft technology already deployed on 12 sites

By: Martin Creamer     30th September 2019 It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set. All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room,... 

Proudly South African anti-cable theft technology already deployed on 12 sites
Photo by Creamer Media's Dylan Slater
SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.

Brazil court lifts final embargo on Alunorte

By: Mariaan Webb     27th September 2019 The Brazilian Federal Court has lifted the final embargo on Alunorte's new bauxite residue disposal (DRS2) under a criminal lawsuit, Norway's Norsk Hydro said on Thursday. This allows the alumina refinery to resume activities of installation and commissioning at DRS2, ending a 19-month embargo... 

Brazil court lifts final embargo on Alunorte

First glimpse into Mining Indaba 2020 programme 

By: Martin Creamer     26th September 2019 The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector. “We’re building on the success of the 2019 Mining Indaba in terms of the high level of... 

First glimpse into Mining Indaba 2020 programme
Investing in African Mining Indaba.

Indonesia sees China as ally as it weighs bans on exporting minerals

By: Bloomberg     13th September 2019 Indonesia, which is weighing an early ban on exports of bauxite and copper concentrates, is betting on Chinese companies to add to the billions of dollars of investment in building smelters and processing plants. Making a deal with China is “simple", as the country “is willing to meet any... 

Malaysia firms up bauxite mining, export operating procedures

By: Reuters     5th September 2019 Malaysia announced on Thursday it has finalized new operating procedures for bauxite mining and export activities based on an earlier draft proposal after discussions with various stakeholders including miners and green groups. The new operating procedures include capping monthly bauxite exports... 

Partnership facilitates fossil-fuel-free future

30th August 2019 State-owned Swedish power utility Vattenfall and base metals mining company Boliden AB have signed a partnership agreement relating to technical development in the field of the electrification of mines and smelters, the circular economy and a fossil-fuel-free future. The agreement, which covers a... 

Partnership facilitates fossil-fuel-free future
SUN BAKED Vattenfall used not only solar but also wind and battery power too decrease mines reliance on fossil fuels

Australian miner receives funding for Guinea bauxite drilling programme

9th August 2019 Australian mineral exploration company Lindian Resources has received binding commitments in a placement to investors to raise up to $1.3-million for the company’s inaugural drilling programme at the Gaoual bauxite project, in Guinea. The $1.3-million raised, which includes $200 000 from Lindian... 

Australian miner receives funding for Guinea bauxite drilling programme
Photo by Bloomberg
EAGER TO DRILL With Lindian Resources now funded for the Gaoual drilling programme, the company is looking forward to drilling as soon as possible

Prospects for high-grade and shallow mines luring Australian investors to Africa

By: Esmarie Iannucci     9th August 2019 While the growth in global commodity prices has unequivocally driven economic growth in Africa, several African countries still lag behind, despite an abundance of mineral resources. A recent report by British banking and financial services company HSBC revealed that for 35 of the 48 African... 

Prospects for high-grade and shallow mines luring Australian investors to Africa

Canyon raises A$4m for bauxite PFS

By: Esmarie Iannucci     23rd July 2019 Junior Canyon Resources has raised A$4-million through a share placement to sophisticated and professional investors to fund a prefeasibility study at its Minim Martap bauxite project, in Cameroon. The company placed 25-million shares, at a price of 16c each, to raise the capital, with the... 

Mining stocks could rebound with help from Trump and China

By: Bloomberg     9th July 2019 The backdrop for miners is ready to brighten in the second half of this year. They just need a resolution of the trade war between the US and China to light a fire under their stocks. Metal prices and mining equities have been at the mercy of trade headlines all year, and business fundamentals... 

Andhra Pradesh govt in southern India rescinds bauxite mining order

By: Ajoy K Das     27th June 2019 The newly elected government of southern Indian state of Andhra Pradesh has rescinded an order issued by a previous government permitting bauxite mining along the Eastern Ghats around Vishakhapatnam. By recinding the bauxite mining order, the TSR Congress-led government, elected last month, met... 

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Junior mining badly in need of kickstart – Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.
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