Ashapura Minechem receives record bauxite and iron ore orders from Chinese companies

AL Circle

On September 18, 2023, Ashapura Minechem announced that the company had secured considerable supply orders for bauxite and iron ore to Chinese companies.

Ashapura Minechem receives record orders for bauxite and iron ore from Chinese companies

{alcircleadd}

Ashapura Minechem is a company that operates within the industrial mineral sector, focusing on exploring and refining minerals like bauxite, bentonite and kaolin. Its primary mission is to serve a diverse range of industries, including but not limited to oil and gas, foundry, and construction, by providing high-quality mineral products.

During a regulatory filing at the exchanges, the company stated, “Ashapura Holdings (UAE) FZE, a step-down subsidiary of the company, has concluded and signed two contracts for the supply of 24 million tonnes of bauxite from Guinea to a subsidiary of the Chinese aluminium major, State Power Investment Corporation. While the first contract entails a three million tonne per annum supply agreement for three years, the second contract entails three million tonnes per annum supply agreement for five years.”

Global Bauxite Industry Insights

“Ashapura Guinea Resources SARL, another step-down subsidiary of the company, signed the contract to supply iron ore. The iron ore mined from Guinea will be supplied to Tai He Mining. The contract entails a supply agreement of 10 million tonnes of iron ore, of which 2 million tonnes per annum of iron ore will be supplied for five years.”

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
CETAG

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Alternate Text
IBAAS​-IIM 2024

September 25-27, 2024 | BITS Pilani K K Birla Goa Campus, Goa, INDIA

Related
Business Leads
We are a chemical company in China, now we need to buy bauxi...
21-May-2024 Buying request

We need bauxite in bulk quantity and is looking for supplier...
02-Apr-2024 Buying request

Interested to buy bauxite ore. Total Quantity: As per buyer...
19-Jan-2024 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads