Australia

Despite Tough Bauxite Market, ABx Turns In Improved Numbers in 2016

Despite Tough Bauxite Market, ABx Turns In Improved Numbers in 2016

Sydney’s Australian Bauxite Limited published financials for the year 2016 yesterday. The firm’s bottom line was appreciably improved for the year despite less-than-optimal conditions in the global bauxite market. ABx reported a total revenue for the year of A$4.1 million, an increase...

Events

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

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 awarded to local suppliers. Over five hundred Queensland businesses have been engaged in either directly […]

Feasibility Study of Metro’s Bauxite Hills Anticipates Strong Financial Returns

Brisbane’s Metro Mining Limited released the results of the Bankable Feasibility Study (BFS) of its newly-expanded Bauxite Hills Mine project. According to the independent report, Metro can expect to generate an EBITDA of A$2.5 billion (US$1.9 billion) over the mine’s seventeen-year life. Among the takeaways from the BFS conducted by MEC Mining include the estimate […]

Altech Secures State Approval to Operate Kaolinite Mine At Meckering

Perth’s Altech Chemicals Ltd. announced yesterday that Western Australia’s Department of Mines and Petroleum has approved the mining proposal and mine closure plan for the firm’s planned mining of a kaolinite deposit near Meckering. According to the firm, this approval represents the clearance of a major hurdle along the path to opening the mine that […]

Metro Mining’s Bauxite Reserves on Cape York Now Total 144.8 MMT

Brisbane’s Metro Mining Ltd released an overview of their expanded Bauxite Hills Mine project on Monday. The document is the first public disclosure of the project’s bauxite resources since finalizing the purchase of Gulf Alumina’s interests in the area in January. According to the report, Metro Mining’s bauxite reserves at Bauxite Hills includes 144.8 million […]