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09 Aug 20263MINS

BALCO wins Odisha's Karlapat bauxite block after record 175% bidding war

Vedanta Group's Bharat Aluminium Company Ltd (BALCO) has secured Odisha's Karlapat bauxite block after a fiercely contested auction pushed the final bid premium to a record 175 per cent, highlighting the intensifying competition among India's aluminium producers to secure long-term bauxite resources. Located in Kalahandi district, the Karlapat block contains more than 200 million tonnes (mnt) of bauxite spread across 3,100 hectares, making it the largest virgin bauxite resource currently offe ...

08 Aug 20264MINS

A2MP takeover bid casts uncertainty over Canyon Resources' Minim Martap bauxite project

The future of one of Africa's largest undeveloped bauxite deposits has entered a new phase of uncertainty after A2MP Investments launched a takeover bid for Canyon Resources, raising questions over whether the company's flagship Minim Martap project will proceed as originally planned. A2MP, Canyon Resources' majority shareholder with a 55.56 per cent stake, has launched an unsolicited off-market takeover offer of AUD 0.05 (USD 0.035) per share, valuing the Australian mining company at approxi ...

06 Aug 20264MINS

CBA posts record Q2’26 earnings as aluminium prices lift EBITDA 273%

Brazilian low-carbon aluminium producer Companhia Brasileira de Alumínio (CBA) posted its best-ever quarterly result in the second quarter (Q2) of 2026, driven by record London Metal Exchange (LME) aluminium prices, increased sales volumes, better product mix and continued operational efficiencies. CBA noted that it was back in profit, with revenue and EBITDA both registering huge year-on-year gains, highlighting the company’s recovery propelled by favourable market conditions. Explore- Mos ...

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