Latin America

Norsk Hydro And Brazilian Government Ink Agreements Over Resumption Of Full Production At Alunorte Alumina Refinery

Norsk Hydro And Brazilian Government Ink Agreements Over Resumption Of Full Production At Alunorte Alumina Refinery

Norsk Hydro has reached an agreement with the relevant Brazilian state and federal government bodies to resume production at the world’s biggest alumina refinery. Hydro announced that the plan to ramp back up operations at Alunorte in the state of Pará, which...

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Events

First Bauxite Lands US$10 MM Financing for Bauxite Project in Guyana

First Bauxite Lands US$10 MM Financing for Bauxite Project in Guyana

Canadian mining firm First Bauxite Corporation (FBX) announced on Friday the successful negotiation of a second bridge-loan facility of up to US$10 million and the recent commencement of construction on the firm’s Bonasika Bauxite Project. Per the firm, the bridge-loan facility will be paid out in four tranches – a US$2 million disbursement available immediately, […]

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Jamaican Government Plans Merger of Clarendon Alumina and Jamaica Bauxite Mining, With Stock Exchange Listing to Follow

Jamaican Government Plans Merger of Clarendon Alumina and Jamaica Bauxite Mining, With Stock Exchange Listing to Follow

Jamaica’s government announced earlier this week its intention to combine Clarendon Alumina Partners (CAP) and the Jamaica Bauxite Mining Limited, followed by listing the resulting organization on the country’s stock exchange. Jamaican Minister of Transport and Mining Robert Montague told local media that the plan, for which he is currently seeking Cabinet support, would allow […]

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Sanctions Against Rusal Lead to Cessation of Bauxite Shipments from Guyana

Sanctions Against Rusal Lead to Cessation of Bauxite Shipments from Guyana

The unintended consequences of United States sanctions upon Russian business interests continue, as German shipping group Oldendorff Carriers GmbH & Co. KG. cites U.S. Treasury Department sanctions levied against U.C. Rusal as the reason it has been forced to suspend its business with Guyana. In a statement sent to Reuters, Oldendorff said it plans to […]

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Sources Say Argentina on Verge of Long-Term Exemption to U.S. Aluminium Tariff

Sources Say Argentina on Verge of Long-Term Exemption to U.S. Aluminium Tariff

According to rumors seeping out of last weekend’s Summit of the Americas, Argentina is soon to be the recipient of a carve-out to U.S. President Donald Trump’s blanket 10-percent tariffs upon imported aluminium. Per unnamed sources, the two countries’ governments struck an agreement allowing for such an exception, though the parties have yet to iron […]

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