Reports related to this article:
Project(s): View 2 related projects in PECWeb
Plant(s): View 2 related plants in PECWeb
Released January 05, 2016 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--It has been a tough couple of years for the mining industry. Mining companies have cut back production and capex worldwide on the heels of low commodity prices. That trend, for most metals and minerals, will continue in 2016. However, a recent spate of bauxite mining projects points to the commodity bucking the trend in spite of current weak pricing. Combined bauxite mining and alumina refining projects account for about $69 billion worldwide. This includes 110 bauxite mining projects totaling $23 billion and 130 alumina refining projects totaling about $46.9 billion, according to Industrial Info's Global Mining Project Database.
China consumes about half of the world's bauxite production, and demand is forecast to increase in the future. Indonesia was the second largest producer of bauxite (after Australia) up until 2014 when an export ban went into effect. As a result, China has had to look elsewhere for supply. China is investing heavily in bauxite mines and alumina projects in Southeast Asia and Africa. The African nation of Guinea, with the world's largest bauxite reserves, has six major bauxite mining projects totaling $3.7 billion. Brazil, Australia and Indonesia round out the top four countries for bauxite mining projects.
Bauxite mines in Australia could benefit as it tends to have the best quality bauxite reserves worldwide. Rio Tinto Group (NYSE:RIO) (London) is moving ahead with a $1.9 billion project in Queensland, Australia, which is designed to produce 50 million tons of bauxite at full operation. Construction of the South of Embley Bauxite Mine is scheduled to start during the fourth quarter of 2016. The project will be built in multiple phases and in addition to the open pit mine includes a rail transport system, bauxite shipping terminal, sewage treatment plant and power plant. Smaller projects in Australia are being planned by Metro Mining Limited (Brisbane) and Metallica Minerals Limited (Brisbane).
About 90% of bauxite is used in the production of alumina, an intermediate product in the aluminum production chain. Alumina projects are on the rise as well, especially in China, Indonesia, Brazil and Indonesia. Africa has its share of projects in countries such as Cameroon and Guinea. Worldwide there are more than 130 alumina refining projects totaling about $46.9 billion. China leads the way with 31 projects totaling $15 billion. Indonesia's aforementioned mineral export ban has spurred on a myriad of alumina refining projects. Companies are developing 18 major alumina refining projects in Indonesia, many of which are being developed by or with the help of Chinese financing. China Hongqiao Group (Shandong) owns 70% of the PT Well Harvest Winning Alumina Refinery, which is under construction in Indonesia. The first phase is scheduled to begin commissioning in April 2016 with production in June. The $2 billion project could have an additional three phases of expansion over the next four years.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
China consumes about half of the world's bauxite production, and demand is forecast to increase in the future. Indonesia was the second largest producer of bauxite (after Australia) up until 2014 when an export ban went into effect. As a result, China has had to look elsewhere for supply. China is investing heavily in bauxite mines and alumina projects in Southeast Asia and Africa. The African nation of Guinea, with the world's largest bauxite reserves, has six major bauxite mining projects totaling $3.7 billion. Brazil, Australia and Indonesia round out the top four countries for bauxite mining projects.
Bauxite mines in Australia could benefit as it tends to have the best quality bauxite reserves worldwide. Rio Tinto Group (NYSE:RIO) (London) is moving ahead with a $1.9 billion project in Queensland, Australia, which is designed to produce 50 million tons of bauxite at full operation. Construction of the South of Embley Bauxite Mine is scheduled to start during the fourth quarter of 2016. The project will be built in multiple phases and in addition to the open pit mine includes a rail transport system, bauxite shipping terminal, sewage treatment plant and power plant. Smaller projects in Australia are being planned by Metro Mining Limited (Brisbane) and Metallica Minerals Limited (Brisbane).
About 90% of bauxite is used in the production of alumina, an intermediate product in the aluminum production chain. Alumina projects are on the rise as well, especially in China, Indonesia, Brazil and Indonesia. Africa has its share of projects in countries such as Cameroon and Guinea. Worldwide there are more than 130 alumina refining projects totaling about $46.9 billion. China leads the way with 31 projects totaling $15 billion. Indonesia's aforementioned mineral export ban has spurred on a myriad of alumina refining projects. Companies are developing 18 major alumina refining projects in Indonesia, many of which are being developed by or with the help of Chinese financing. China Hongqiao Group (Shandong) owns 70% of the PT Well Harvest Winning Alumina Refinery, which is under construction in Indonesia. The first phase is scheduled to begin commissioning in April 2016 with production in June. The $2 billion project could have an additional three phases of expansion over the next four years.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
