Bauxite Weekly Recap: Rusal’s bauxite production in 9M2021 grows 1.1% to 3.792 million tonnes; Hydro reports strong operations in bauxite, alumina for 3Q2021
The quarterly results and the first nine months performance are gradually getting released for the bauxite segment, which has kept the industry highlighted, following the Guinea political unrest. However, in Guinea, Rusal produced 1.694 million tonnes of bauxite in 3Q2021, which was down by 6.77 per cent from 1.817 million tonnes a quarter earlier. Under the upstream sector, Hydro has announced a robust operation both in bauxite and alumina. Adjusted EBITDA earned from bauxite and alumina stood at NOK 1,055 million, reflecting a year-on-year rise of 83 per cent from NOK 578 million.
For a new bauxite mine and bauxite export facility at the Port of Kamsar in Guinea, WEC Projects designed and constructed a desalination and wastewater treatment plant. The two projects will generate potable, process, and firewater, as well as treat effluent from the port camp and activities. Despite facing some unique and challenging obstacles, both projects were completed successfully.
On Friday, October 22, Aluminium Stewardship Initiative (ASI) made it public that MYTILINEOS has been successfully accredited against the ASI Performance Standard to carry out production, sourcing, stewardship of aluminium for their Bauxite mining activities at the Delphi Distomon site. The certification is also enabled for the refining, smelting, and casthouse activities at the Aluminium of Greece Plant; Port Facilities at the Aluminium of Greece Plant, Mytilineos corporate headquarter in Athens.
Rusal, the world’s largest aluminium producer outside China, has announced its operating results for the third quarter of 2021, which ended September 30. The company revealed that its bauxite production dropped 1.1 per cent Q-o-Q from 3.836 million tonnes to 3.792 million tonnes in 3Q2021. In total nine months, the production amounted to 11.429 million tonnes, up by 1.2 per cent from 11.298 million tonnes.
Hydro has announced in its quarterly results today that it has already reached the 2021 improvement target of NOK 5.1 billion during the third quarter of 2021 (ended on September 30), driven by global demand recovery and fiscal stimulus. As per the result revealed by Hydro, the company has achieved a 33 per cent hike in revenue from NOK 27,516 million in Q3 2020 to NOK 36,710 million in Q3 2021. On a quarter-on-quarter basis, it grew 6 per cent from NOK 34,559 million.
The Members of the Cockpit Country Stakeholders Group (CCSG) have emphatically declined the Final Environmental Impact Assessment (EIA) organised by the National Environment and Planning Agency (NEPA) to permit mining in the historic section of Jamaica.
To know more: https://www.alcircle.com/news/cockpit-country-stakeholders-group-declines-eia-mining-permit-document-71755
The Australian listed company that is focussed on the development of the 100% owned Minim-Martap Bauxite Project, a direct shipping ore (DSO) project development opportunity in central Cameroon, Canyon Resources Limited has updated the shareholders on the progress of development on the bauxite project in Cameroon.
To know more: https://www.alcircle.com/news/canyon-resources-initiates-mining-convention-negotiations-for-the-minim-martap-project-71729
source https://www.alcircle.com/news/bauxite-weekly-recap-rusals-bauxite-production-in-9m2021-grows-1-1-to-3-792-million-tonnes-hydro-reports-strong-operations-in-bauxite-alumina-for-3q20-71762
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