Alumina/Bauxite latest news

  • October 2015

    Carbo reports $13.9m net loss as oil and gas industry remains depressed

    29 October 2015

    The proppant manufacturer posted a net loss in the third quarter of 2015 as oilfield activity continues to be subdued, resulting in lower y-o-y sales across all of Carbo’s proppant products. The company also incurred costs relating to idling production, while evidence points to further E&P activity declines in the fourth quarter.

  • TiO2 business drags Tor Minerals into loss

    29 October 2015

    While the company said that negative currency effects accounted for a 20-30% reduction in sales across all of its businesses, Tor’s titanium dioxide pigment division led the decline as a result of low demand and prices. The company has attempted to mitigate the impact of a weak TiO2 market by refocusing on its other segments.

  • MTI sales fall across segments

    23 October 2015

    The diversified minerals producer blamed currency-related losses and poor energy and steel markets for the pan-divisional decline in sales figures for the third quarter of 2015, which were down 17% on the same period in 2014.

  • Price Briefing 16 – 22 October

    23 October 2015

    Prices for ceramic materials minerals and fluorspar down as rare earths experience slight increase.

  • UK refractories suppliers warned to revamp business models to survive steel crisis

    22 October 2015

    As steel plants across the UK close and the country’s steel production cuts deepen, industry specialists have warned refractories producers that they need to reinvent themselves to be able to keep their heads above water through the commodity downcycle.

  • Iranian minerals "ready to do business"

    22 October 2015

    The lifting of economic sanctions against Iran promises to open up the country as both a supplier of and a market for raw materials and the national industry body, Iran Mine House, is optimistic about securing deals with European businesses.

  • Asia-Pacific leading world’s corundum production

    22 October 2015

    China and Southeast Asia ahead on mining, although the market is facing stiff competition from synthetic types of corundum.

  • Ceramitec 2015: European market in breakable condition

    22 October 2015

    The European ceramics industry is in a fragile state, with weak demand from refractories, consumer ware and construction all putting pressure on sales and prices – although sophisticated technology and high purity product suppliers claim to be skirting the worst of the decline.

  • North America continues to lead global rig count decline

    22 October 2015

    Global rig count continues to drop although the rate of decline has slowed month-on-month. Neverthless, a frack pricing increase is unlikely before 2017.

  • Colombia’s largest cement producer to construct 4,300 tpd cement clinker facility

    21 October 2015

    The plant, being built for Cementos Argos SA, is likely to increase regional demand for refractories, used in the furnace, as well as limestone and gypsum, used as raw materials in cement production.

  • Ma’aden Q3 net profit falls by 85% due to lower prices

    20 October 2015

    Profits for the phosphate producer slumped in the third quarter as the average sales price for its products dropped, including its industrial mineral portfolio.

  • Rusal to produce alumina from Siberian clay, cutting reliance on imported bauxites

    20 October 2015

    The Russian company is aiming to become self-sufficient by producing alumina from domestic clay, utilising a new technology. The move follows a wider trend in the country, as Russia retreats to self-reliance in the midst of a commodity slump, a depreciating rouble and a geopolitical showdown with the West.

  • Orbite ships additional 5N plus HPA samples to prospective customers

    16 October 2015

    The Canadian company is stepping up its commercial efforts and widening its appeal to potential buyers of its HPA product, as it aims to begin commercial production by the end of this year.

  • Redcar steel plant closure to impact IFGL’s Q2 profits

    16 October 2015

    IFGL used to supply refractories to SSI’s steel plant based in northern England through its UK-based subsidiary, Monocon International Refractories. However, since the plant officially closed down this week IFGL has now lost a lucrative customer and its fiscal 2016 Q2 profits will be affected.

  • Chinese refractories face toughest conditions in 15 years, says association chief

    13 October 2015

    Falling prices for refractory products and shrinking demand from downstream consumers in steel, cement and glass markets have created the most difficult trading environment in a decade and a half for China’s refractories sector, delegates at the annual China Refractory Association members meeting were told.

  • China forces down world steel demand, but growth expected in 2016

    13 October 2015

    While rebalancing measures in the investment and real estate sectors in China has caused a sharper than expected slowdown in China, which has consequently impacted steel demand globally and caused a drop in raw materials consumption, world demand is expected to see slight growth in 2016.

  • Auctioning of minerals in India to commence next month

    12 October 2015

    The Indian government is preparing to put up 71 mines for sale in November 2015. This will include the auction of minerals such as bauxite, manganese, iron ore, limestone and other major commodities, and both domestic and international investors will be invited to explore projects.

  • Altech to secure debt finance package within next nine months

    12 October 2015

    The Australian company has been in discussion with various banks and other potential investors as it seeks out debt funding in order to advance its HPA project.

  • North America continues to lead global rig count decline

    09 October 2015

    The Baker Hughes global rig count is still falling, albeit at a slower rate than previously witnessed, indicating a lack of demand revival for oilfield services, including minerals such as frac sand and bauxite and kaolin-based ceramic proppants.

  • Odisha to kick start mineral auction process in November

    07 October 2015

    The mineral-rich state, located in the east of India, is preparing to implement the first phase of a mine auction in order to meet plans unveiled by the Modi government earlier this year to revamp the country’s mining legislation.

  • Low oil and gas prices precipitate seismic innovation

    07 October 2015

    Robotic drilling and seismic imaging are two of the technology advancements outlined by Lux Research as having the potential to streamline oil and gas businesses at a time when demand is low and prices are not expected to rebound until at least next year.

  • Nordic receives patent for lower cost alumina technology

    06 October 2015

    Using the its Aranda-Mastin process rather than the Bayer process for alumina production is more cost effective and environmentally friendly, according to Nordic Mining. While some companies are turning to recycling to deal with the wold’s 120m tpa red mud problem, Nordic is proposing to do away with waste altogether.

  • TSX extends Victory Nickel delisting review to December

    06 October 2015

    Victory Nickel, the parent company of Victory Silica, has been granted an additional 60 days to comply with TSX requirements for continued listing. Unable to make its quarterly debt payments and with frac sand demand expected to decline further in 2015, Victory Nickel has stressed that there can be no guarantees regarding its continued listing.

  • Altech extends kaolin mining deadline for Greek shipping company

    05 October 2015

    Dana has been granted an extension for its exclusive mining right over the Meckering kaolin deposit after completing a scoping study on the project, potentially opening up further exclusive options.