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Bauxite News

Metallica and Melior merger creates diversified Qld mining firm

By: Mariaan Webb     13th September 2018 Brisbane-based resources firms Metallica Minerals and Melior Resources on Thursday announced a binding merger agreement, creating a diversified Queensland mining company with near-term production potential and a pipeline of future growth opportunities. The merger will combine mineral sands and... 

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

IronRidge strengthens management team as it transitions from explorer to developer

By: Simone Liedtke     3rd September 2018 Aim-listed IronRidge Resources continues to strengthen its management team as it transitions from explorer to developer, through securing key executives and senior managers for the next phase of the company’s project and corporate development. On Monday, CEO Vincent Mascolo committed to a further... 

Ghana opposition seeks IMF view on $2bn Chinese Bauxite deal

By: Reuters     24th August 2018 Ghana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2-billion Chinese deal agreed by the government in exchange for bauxite will add to the country's debt burden, it said on Thursday. Under the deal, approved by Ghanaian lawmakers last month, China's... 

Indian mining industry seeks tax overhaul

By: Ajoy K Das     16th August 2018 The Indian mining industry has called for a complete overhaul and rationalisation of the tax regime, including scrapping the export tax on iron-ore and bauxite. The Indian mining industry has to bear the burden of one of the highest incidence of tax in the world. Mines allocated through... 

Metro signs more offtake deals

By: Esmarie Iannucci     13th August 2018 Bauxite miner Metro Mining has signed two additional binding offtake agreements for 2018 and 2019, for an accumulative 780 000 t of product. The miner said on Monday that 580 000 t of this offtake was due for delivery in 2018, with the remainder, at Metro’s option, in either 2018 or 2019. 

AFC welcomes completion of, first shipment from Guinea bauxite mine

By: Nadine James     8th August 2018 Infrastructure development finance institution Africa Finance Corporation (AFC) on Wednesday announced the on time completion of the Bel Air mine, in Guinea, and its first shipment of high-grade bauxite to China.  The construction of the mine was completed on time and within budget.  

AFC welcomes completion of, first shipment from Guinea bauxite mine

ALCORE gets global licence for technology

By: Esmarie Iannucci     8th August 2018 ASX-listed Australian Bauxite has told shareholders that its ALCORE subsidiary would have the global licence rights for bauxite refining using the ALCORE technology. The global licence will allow ALCORE to build multiple plants in any location to meet the growing demand for aluminium fluoride... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

CPP 12J MD Paul Miller (left) in conversation with Mining Weekly Online's Martin Creamer
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Copper slides to 1-year low, zinc sinks in broad selloff

By: Reuters     11th July 2018 Copper prices slumped to their weakest level in a year and zinc fell to 13-month lows amid a broad selloff on Wednesday after the Trump administration said it would slap 10 percent tariffs on an extra $200-billion worth of Chinese imports. US President Donald Trump’s latest tariff threat... 

Emirates Global Aluminium signs bauxite supply contract with Vedanta

By: Marleny Arnoldi     4th July 2018 Industrial company Emirates Global Aluminium (EGA) has signed an agreement to supply metals miner Vedanta Limited with bauxite from its mining operation in Guinea from 2019.  

Emirates Global Aluminium CEO & MD Abdulla Kalban
Emirates Global Aluminium CEO & MD Abdulla Kalban

Metro Mining ups Bauxite Hills mining rate

By: Marleny Arnoldi     3rd July 2018 ASX-listed bauxite miner Metro Mining on Tuesday reported an average mining rate of 8 167 wet metric tonnes (wmt) a day for June, which compares with May’s mining rate of 5 194 wmt/d and April’s 2 768 wmt/d.  

Metro raises A$17m

By: Esmarie Iannucci     20th June 2018 Bauxite miner Metro Mining has completed a bookbuild to raise A$17.5-million to strengthen the company’s balance sheet. The institutional placement has been priced at 20c a share, and due to strong demand, the placement was upsized by A$2.5-million. 

Rusal starts shipping bauxite from Guinea's Dian-Dian mine

By: Reuters     19th June 2018 Sanctions-hit Russian aluminium producer Rusal said on Tuesday it had started shipping bauxite from its Dian-Dian bauxite project in Guinea to its alumina refineries in other countries. Rusal, the world's largest aluminium producer outside China, has been hit by US sanctions imposed on it and... 

New research could unlock Qld bauxite

By: Esmarie Iannucci     15th June 2018 The Queensland government will provide A$180 000 over the next three years, to fund a research project to develop an innovative mining process that could unlock massive, previously untapped, bauxite deposits in North Queensland, within the next five years. The research is a collaborative project... 

Brazil court rejects Alunorte bid to overturn forced output cuts

By: Reuters     12th June 2018 A court in the Brazilian state of Para denied a bid by Norsk Hydro ASA to appeal the partial suspension of bauxite refining operations at its Alunorte unit in another blow to the world's largest alumina refinery. In February, the court in Para, where the Alunorte refinery is located, ordered the... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

JSE business development manager Patrycja Kula-Verster
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

CRU Group senior consultant Aleksander Popovic
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

Altus Strategies lists on TSX-V, retains Aim-listing

By: Simone Liedtke     4th June 2018 Exploration project generator Altus Strategies is now dually listed on the London Stock Exchange’s Aim and the TSX-Venture Exchange, with ordinary shares expected to start trading on TSX-V on June 6. As at the listing date, the company had just over 176-million shares in issue and had granted... 

Metro receives first revenue from Bauxite Hills shipments

By: Creamer Media Reporter      4th June 2018 ASX-listed Metro Mining has received provisional payment from its client in China for the first two shipments of bauxite from its Bauxite Hills mine, in Queensland. The first two shipments totalled about 123 000 t of bauxite. 

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Ivorian miner seeks $375m bauxite venture with Sumitomo

By: Bloomberg     30th May 2018 Lagune Exploitation Afrique in Côte d'Ivoire said it is in talks with a unit of Sumitomo Corp about a partnership for the development of a bauxite deposit and the construction of two alumina plants for 218-billion CFA francs ($375-million). Lagune Exploitation is developing the 34.5-million... 

Guinea retains mining minister in Cabinet reshuffle

By: Bloomberg     28th May 2018 Guinea’s President Alpha Conde appointed a new 33-member Cabinet in which Abdoulaye Magassouba was retained as mines and geology minister, according to a decree read on the West African country’s state-owned broadcaster on Saturday. Mamady Camara, who was Guinea’s ambassador to South Africa, was... 

ABx separates Alcore into own entity, lowers capex forecast

By: Esmarie Iannucci     24th May 2018 Bauxite producer Australian Bauxite (ABx) on Thursday announced that it would develop its Stage 1 Alcore pilot plant project, in New South Wales, through a new wholly owned subsidiary Alcore. A previous engineering and cost study on the Stage 1 project estimated that a capital investment of... 

Company believes commodities will regain positive momentum

18th May 2018 The commodities markets have been taken aback by rising uncertainties, including an early February equity market sell-off and the trade conflict between the US and China. As the second quarter unfolds, some of these uncertainties should be easier to interpret, however, price volatility and... 

Despite some market uncertainty, the global economy is expected to grow at its fastest pace since 2011
Photo by Bloomberg
GROWTH POSSIBILITY Despite some market uncertainty, the global economy is expected to grow at its fastest pace since 2011

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Shadow Mineral Resources Minister James Lorimer
Shadow Mineral Resources Minister James Lorimer

Rusal's first quarter earnings jump, but warns on sanctions impact

By: Reuters     11th May 2018 Russian aluminium giant Rusal boosted first-quarter recurring net profit on Friday amid stronger aluminium prices, but warned that sanctions imposed by the United States in April could harm its business. Washington last month announced sanctions on Russian billionaire Oleg Deripaska and several... 

Rusal's first quarter earnings jump, but warns on sanctions impact

Gold industry running risk of becoming irrelevant – Bristow

By: Martin Creamer     10th May 2018 The gold mining industry is running the risk of becoming irrelevant to the investment community. “It hasn’t delivered much value for a long time,” Randgold Resources CEO Dr Mark Bristow commented to Mining Weekly Online during an interview to mark the company’s presentation of first-quarter... 

Randgold Resources CEO Dr Mark Bristow
Photo by Creamer Media
Randgold Resources CEO Dr Mark Bristow

Metro ships first bauxite from mine in north Queensland

By: Esmarie Iannucci     7th May 2018 ASX-listed Metro Mining has shipped its first 62 000 t of bauxite from the Bauxite Hills mine, in Queensland. The maiden shipment is due for delivery to Chinese integrated aluminium company Xinfa Group, which has a four-year binding agreement with Metro, for the offtake of one-million tonnes in... 

Guinea GDP growth surges on mining sector rebound – IMF

By: Reuters     3rd May 2018 Guinea's economy expanded by more than 8% in 2017 and is on track to grow by around 6% this year on the back of a rebound in the mining sector, the International Monetary Fund (IMF) said on Wednesday. Meanwhile, inflation in the West African country – a major producer of the aluminium ore bauxite... 

Greece's Mytilineos expects positive alumina performance

By: Reuters     3rd May 2018 Mytilineos sees positive prospects for its alumina business in Greece despite surging alumina prices, the Greek industrial group said on Thursday. Its vertically-integrated feed and lower production costs have shielded it and created "positive prospects" for its alumina business in the short... 

Guinea gives preliminary go-ahead for new bauxite project

By: Reuters     30th April 2018 Guinea's government said on Friday that it had approved plans to award a mining contract to a Netherlands-based company to develop a $1.4-billion bauxite mine and alumina refinery. Guinea is Africa's top bauxite producer and output more than doubled last year to about 50-million tonnes on the... 

Metallica looks at Solomon Islands

By: Esmarie Iannucci     30th April 2018 ASX-listed Metallica Minerals has secured exclusivity over the Wagina bauxite project, in the Solomon Islands. The company on Monday reported hat it would provide project owner South West Pacific Bauxite with a A$120 000 loan, in exchange for an option to carry out exclusive due diligence on the... 

Mercantile persists with Bauxite Resources bid

By: Esmarie Iannucci     27th April 2018 Despite failing to gain shareholder support from ASX-listed Bauxite Resources for a proportional takeover offer for that company, suitor Mercantile Investment Company has remained committed to the offer. Bauxite Resources on Friday told shareholders that it had received a notice of extension... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Beneficiation in the spotlight this month at Geneva forum

By: Nadine James     20th April 2018 As more than 90 developing economies are dependent on commodity exports, building the skills needed to add value to raw materials and provide decent work are some of key objectives to be discussed next week at the United Nations Conference on Trade and Development’s (Unctad's) eighth Global... 

Altus raises C$4.11m in private placement

By: Creamer Media Reporter      18th April 2018 Aim-listed Altus Strategies has raised about C$4.11-million by way of a nonbrokered private placement of 27.39-million units at C$0.15 each. Each unit is comprised of one ordinary share and one ordinary share purchase warrant that may be used to buy one ordinary Altus share at C$0.30 for five... 

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