Australia and Guinea to drive global bauxite production growth – report
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 Bluewater business, which is also attracting interest from closely held Fieldwood Energy LLC, is focused on deep-water exploration in the Gulf of Mexico and could fetch about $1.5 billion to $2 billion in a sale.
Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.
The offer represents a premium of nearly 45% on Lynas' closing price on Monday, but comes come with some significant conditions, including the rare dearth miner securing all necessary licences in Malaysia.