Henan Zhongmei Starts Bx Mining
05/09/19 | Bauxite
Asian Metal News Henan Zhongmei, a small alumina refinery with 450 ktpy capacity, has eight mining licenses for bauxite in Dengfeng City, Henan. Previously, lacking necessary mining approvals, Zhongmei was prevented from mining and had to seek supply from the market. At the end of August, the company began bauxite…
Guizhou Qingzhen: Bx Mining Capacity 5 mtpy
30/08/19 | Bauxite
Asian Metal News Qingzhen Guizhou has 339 mln t of measured bauxite resource reserves with indicated bauxite resources in excess of 500 mln t, accounting for more than 60% of the total in Guizhou and 10.5% of the total in China. The Qingzhen Maochang bauxite mining area (including 7 mine…
Guinea to Increase Electricity Prices
30/08/19 | Bauxite
Ministry of Commerce Local Guinean media company, Guinee 114 reports that Guinea is to increase overall electricity revenue by lifting prices in different sectors, with a maximum increase of 15%. In order to maintain industrial competitiveness, a 5% increase will be applicable to industrial electricity prices, however the date of…
China’s First Resource Tax Law
China Nonferrous Metals News 26th August: China’s first resources tax law is published and will be formally implemented on September 1, 2020. At this time the ‘Provisional Regulations on Resource Tax’ implemented since 1994 will be abolished. The full text of the resource tax law has not yet, been disclosed…
Xing’an Chemicals: Bx Consumption in Decline
28/08/19 | Bauxite
Asian Metal News Xing’an Chemicals, with alumina capacity of 3 mtpy, can consume up to 7.2 mln t of bauxite per annum. The company began curtailing capacity in the first week of July due to being in loss, cutting bauxite consumption accordingly. The company consumed 600 kt of bauxite for…
China’s July Bx Imports: 9.05 mln t
28/08/19 | Bauxite
Alu News China’s July bauxite imports lifted slightly on-month to 9.05 mln, while accumulated bauxite imports during the first seven months of 2019 totaled 62.7 mln t, an increase of 15.4 mln t from 47.3 mln t during the same period last year. China imported 82.62 mln t of bauxite…
TBEA to Invest USD 730 mln on Guinean Railway
22/08/19 | Bauxite
Ministry of Commerce TBEA (Tebian Electric Apparatus) announced that the company will invest a total of USD 730 mln in the construction of a 148 km railway connecting the Santou bauxite mining area to Cape Verga port. The project is scheduled for completion in 24 months. TBEA has been granted…
Chalco Zhongzhou: 5 mln t of Imported Bx Consumed in 2019
22/08/19 | Bauxite
Asian Metal News Chalco Zhongzhou is expected to consume 5 mln t of imported bauxite in 2019, making it the largest consumer of imported in Henan. Chalco Zhongzhou consumed 400 kt of imported bauxite in July, and its August consumption is expected to be the same. Indonesian bauxite accounts for…
IMF: USD 6.5 bln Investment in Guinean Bx 2017~2020
20/08/19 | Bauxite
Fubao News IMF forecast that between 2017~2020, a total of USD 6.5 bln investment will have been spent on bauxite mine and alumina refinery projects in Guinea. In the near-term, the average growth rate of bauxite demand in the global market is estimated at 5% per annum. Read More
