The state clarification follows news reports last Tuesday Malaysian firm The One Minerals Mining Sdn Bhd (TOMM) and its Hong Kong-based investment firm partner Via East West Capital planned to invest US$350 million (RM1.47 billion) to mine bauxite
on 2,833 hectares in Kota Tinggi over the next five years.
The first exports of bauxite
ore from GAC mark the completion of EGA's strategic expansion upstream in the aluminium value chain to create an integrated global aluminium giant.
- Bulk-sampling at the Binjour bauxite
project in QLD confirmed grades and upgrading tests were successful
The organisation indicated that though the country would make some profit from mining bauxite
, it was also necessary to appreciate that the Atiwa Forest is an important water source for most of the river bodies in the country.
What to expect from the upcoming report on 'Bauxite
and Alumina market': - Future prospects study the Bauxite
and Alumina market trends by the end of forecast period (2018-2025) - Information regarding technological progressions as well as innovations across the world - Supportive initiatives by government likely to influence the market dynamics.
The first of the new studies will investigate the potential for bauxite
residue to be used for constructing road foundations, replacing materials such as sand.
When GAC's mine is operational, the stacker reclaimer will be used to stack bauxite
ore arriving at Kamsar by rail.
Guinea holds the world's largest and highest-quality reserves of bauxite
, the raw material used in the production of aluminium.
Iran's aluminum production of 350,000 metric tons a year is below capacity of 470,000 tons because of a shortage of bauxite
and insufficient electricity generation, Mehdi Karbasian, managing director of the state-owned Iranian Mines and Mining Industries Development and Renovation Organization (IMMIDRO), told a conference in Tehran last Wednesday.
The Amrun project, near Weipa in Queensland state, includes a bauxite
mine, processing facilities and port, and will have initial production of about 22.8 million metric tonnes a year, London-based Rio said on Friday in a statement.