Fitch forecasts Australian bauxite production growth to average 4% y-o-y in 2021, and Guinea's bauxite output to rise from 84.5mnt in 2021 to 133.8mnt in 2030.
The deal will give Concord access to an additional 600,000 tonnes of alumina per year on top of the 1.4 million tonnes it already handles, which would make it one of the world’s leading traders of alumina.
An analysis by Wood Mackenzie states that aluminum’s role in the green economy may be dampened by the industry’s steep road to secure low-carbon power.
The new CEO of Saudi Arabia Mining Co. has plans to halve the ratio of debt to earnings before interest, tax, depreciation and amortization over the next five years.
The Junior Minerals Exploration Incentive converts tax losses into exploration credits for investors and provides a tax offset for junior mining companies.
Despite gold's price slump, strong copper and iron ore prices lifted MINING.COM's ranking of the world's 50 most valuable miners to a new record high of $1.35 trillion.