Malaysia Contemplates Bauxite Mining Ban

Bauxite may stop flowing from Malaysia to China and a major platinum producer lost one of its biggest shareholders.

A Malaysian Bauxite Production Ban?

A potential suspension of bauxite mining in Malaysia, the world’s top exporter of the aluminum-making ore, could dent stockpiles in China but is unlikely to curb breakneck output in the aluminum sector there, industry analysts told Reuters on Monday.

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The Southeast Asian nation is pushing to suspend bauxite output due to concerns over its impact on the environment, threatening to interrupt supply to top aluminum producer China, a cabinet source said over the weekend. The largely unregulated industry has grown massively in Malaysia over the last two years to meet Chinese construction demand.

Lonmin Loses a Shareholder

Platinum miner Lonmin PLC said in a regulatory filing that Kagiso Asset Management sold nearly 33 million shares in the company in December, fully divesting its stake.

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Cape Town-based Kagiso, Lonmin’s third-largest shareholder, sold the shares on Dec. 17, a week after a crucial rights issue by the company failed to find favor with investors.

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