Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use.
The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India.
The reports were baseless and the new mining law likely to be passed by Parliament by June would in [...]
Aluminum Corp. of China, the country’s biggest aluminum maker, said Tuesday that its net profit fell 13.7 percent in 2007 due to lower product prices.
The company, also known as Chinalco, said its 2007 net profit fell to 10.2 billion yuan ($1.4 billion) compared with net profit of 11.8 billion yuan in 2006, it said in [...]
Russian aluminum giant United Company RusAl said Monday it was considering establishing a bauxite and alumina processing complex in Indonesia.
Media quoted representatives of Indonesian mining company Antam as saying earlier Monday that there were plans for a joint project with UC RusAl to set up a plant in the southeast Asian country at a cost [...]
Russia-based Rusal, which already owns a 20 per cent stake in Gladstone’s Queensland Alumina (QAL), is actively investigating establishing a refinery and smelter in the state as part of its stated expansion plans.
It comes as Russian companies actively increase their presence in Australia, Russian steel giant Magnitogorsk Iron and Steel Works notifying the Federal Government [...]
Guinea, the world’s number one bauxite expor-ter, says it is with-drawing agreements made with a U.S. oil company and a Russian-managed bauxite producer as part of a planned review of minerals contracts.
The withdrawals were announced in a government statement read on state television Sunday.
They referred to a production-sharing contract with American oil company Hyperdynamics and [...]
China holds large reserves of metal deposits but the quality of most of the deposits is low, state media reported on Wednesday, citing preliminary survey results from the country’s geological institutes and resource agencies.
China plans to complete an assessment of the country’s mineral resources and set up a mining plan for some provinces in 2007, [...]
Martial law in Guinea has forced the world’s biggest bauxite exporter, Compagnie des Bauxites de Guinee (CBG), to halt mining activities and deliveries of ore to the Kamsar port, company officials said on Wednesday.
Guinea, which holds a third of the world’s bauxite reserves, has been gripped by a wave of violent protests against President Lansana [...]
Jamaica had a record 2006 in bauxite mining with 15Mt of output, surpassing the island’s yearly production levels since 1974, a representative with the Jamaica Bauxite Institute confirmed to BNamericas.
The official added that the current surplus in the global bauxite market, mainly caused by China’s 62% year-on-year jump in output to 12.7Mt for 2006, has [...]
LOCAL conservationists have mounted a campaign to pressure the government against the reissuing of a prospecting licence for bauxite mining in the Cockpit Country, which is believed to be one of the richest sites of biological diversity locally.
The Cockpit Country Stakeholders group, which includes the Jamaica Environment Trust (JET), the Southern Trelawny Environmental Agency (STEA) [...]
Russia’s OAO Rusal dethroned Alcoa Inc. as the world’s biggest aluminum producer Monday after announcing a three-way merger that will create a US$30 billion (€23 billion) giant with 12 percent of global output.
The deal underscored the rise of Russia’s commodities-based industries, which have reaped the benefits of low costs and soaring world prices, as well [...]
