Fight Among Aboriginal Groups for Gove Bauxite Royalties Left Unresolved After Latest Litigation

Mar. 25, 2017 - 12:00

Another round in the years-long litigation regarding royalties paid out by the Gove bauxite mine and refinery was fought in an Australian federal court on Thursday, and the result all but guaranteed another battle in the near future. The Rirratjingu…

China’s Alumina Output to Increase by 6.65 MMT in 2017

Mar. 24, 2017 - 15:00

The People’s Republic of China’s state-run metals consultancy firm Beijing Antaike declared that the country’s alumina capacity would rise by 6.65 million metric tons per annum by the end of this year. Refineries in north, central, and northwest China are…

Chalco’s Net Profit Doubles Thanks to Improved Aluminium Market

Mar. 24, 2017 - 09:00

State-owned aluminium producer Aluminum Corporation of China Ltd. (Chalco) released its annual report for fiscal year 2016 yesterday. The year witnessed a doubling in profit for the firm due in part to a rebound in aluminium prices and a drop…

Metro Mining Raises $36.5 MM for Bauxite Hills via Rights Issue

Mar. 23, 2017 - 16:00

Brisbane’s Metro Mining Ltd. raised $36.5 million for its Bauxite Hill mine in a recently-completed rights issue. According to domestic financial media, the firm’s 1:2 non-renounceable rights issue was priced at $0.125. Metro received applications for roughly 60% of the…

National Bauxite Authority to be Established in Months: Ghana’s Akufo-Addo

Mar. 23, 2017 - 11:00

Ghana’s new president Nana Addo Dankwa Akufo-Addo revealed plans for his government to establish a bauxite and aluminium development authority within the next three months earlier this week. In comments made at the 5th Africa CEO Forum held in Geneva,…

Rio Tinto Awards Over $900 MM in Amrun Contracts to Queensland Firms

Mar. 22, 2017 - 15:00

Mining titan Rio Tinto Group’s emphasis on regional economic development will be worth at least $900 million to the Queensland economy, as over two-thirds of the $1.38 billion in contracts for the development of the Amrun bauxite project have been…

  • Cash Buyer 1917.5 0.00%
  • 3-Months Buyer 1930.0 ' -0.05%

LME Official Price(USD/tonne) for 24 March 2017