Ashapura Minechem is preparing for its next phase of growth by expanding its Guinea bauxite operations while shifting its Indian business towards higher-value mineral products. The company is targeting 15 million tonnes of annual bauxite volumes by FY28, a level management believes could generate...
China's domestic ore prices held steady last week. In Shanxi, a limited volume of relatively lower-grade domestic ore was concluded under long-term contracts at approximately RMB 530 per tonne. In Henan, the expected increase in domestic ore output has yet to materialise, leaving the supply-demand...
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India’s plans to develop the first bauxite reserves since the early 1980s has been threatened by a sudden rise in ultraleft-wing extremism opposing the project in the southern Indian province of Andhra Pradesh. Local government officials said armed ultraleft-wing extremists active across forested...
Hydro's underlying earnings before financial items and tax declined to NOK 2,215 million in the third quarter from NOK 2,667 million in the second quarter of 2015. Weaker alumina and aluminium prices and premiums weighed on results, while strong rolled products sales and record bauxite production...
The House of Representatives, Kingston, Jamaica, approved the withdrawal of $406.5 million from the Capital Development Fund (CDF) to finance the bauxite development programmes. Minister of Finance and Planning, Dr Peter Phillips, informed that $200 million will go to the Jamaica Bauxite Institute...
Representatives of Bauxite Resources Limited, Yankuang Resources Pty Ltd (Yankuang), and Yankuang Group Company Ltd ('YGL')'), on 21 October 2015, signed a non-binding memorandum of understanding (MOU) recording that they have negotiated a number of proposed transaction documents which, if approved...
Bauxite Resources has lifted the anticipation factor requesting a trading halt in relation to a proposed corporate transaction. The company requested the halt in trading of its shares until 23 October. Bauxite Resources is involved in bauxite exploration in the Darling Range which is the largest...
The Chhattisgarh Mineral Development Corporation (CMDC) has started looking for contractors for mining and marketing of bauxite deposit at Village Narmadapur village at Mainpat in Surguja district of Chhattisgarh. Notably, CMDC had been sanctioned mining lease for mineral bauxite in village...
The 70,000 tonnes of bauxite worth $1.4 million remains stockpiled in Nawailevu, Bua. Aurum Exploration (Fiji) Ltd executive Derek Qiu confirmed there were no plans to ship the ore as global demand for it was still low. "The stockpile remains there and is still 70,000 tonnes as work progress slows...
Canada’s First Bauxite Corporation is yet to find a source to finance its proposed bauxite mining project at Bonasika. The delay has posed a major impediment in the start of construction of the mine. “They still looking for financing, it’s very difficult now,” said Commissioner of the Guyana...
Operations at Guinea’s Alufer Bel-Air bauxite mine experienced a setback as its extended negotiations with the government pushed back production at the site by a year to 2017. The independent miner had earlier announced its plans to invest around USD 400 million to develop the Bel-Air open-pit mine...
To revive the beleaguered Niyamgiri bauxite mining project in south Odisha, the state government has written to the Union ministry of environment and forests, proposing that gram sabhas in the area be again polled for approval. The mining plan was scrapped two years earlier, after all 12 gram...
Rio Tinto releases strong third quarter production results despite the bearish situation in the commodity market. Rio Tinto chief executive Sam Walsh said “We continue to deliver efficient production, rigorous cost control and sound allocation of capital. This approach is ensuring that our tier one...
Bauxite mining is expected to help sustain Malaysia's Kuantan-based Tanah Makmur’s earnings in spite of lower net profit from its other business in the near term. Some 1.2 million tonnes of bauxite were discovered on Tanah Makmur’s KotaSAS township land banklast year, The company started mining the...
Bauxite Resources Limited published its Annual Report 2015. During the year the company focused on trying to resolve the current impasse on the development of the Felicitas deposit with its joint venture partner Yankuang Resources Pty Ltd. At the same time the company took a staged approach to the...
Alcoa could begin shipping bauxite to potential customers in Asia early next year after the State Government approved the trial export of up to 500,000 tonnes of raw ore. Alcoa has for some time been exploring the possibility of joining Rio Tinto in exporting raw bauxite ore from Australia, sending...
Four days after recommending first renewal of Panchpatmali bauxite reserve in favour of Nalco, Odisha chief minister Naveen Patnaik has approved a proposal to allocate another bauxite mines in favour of the aluminium major, official sources said. With the state government recommending Nalco's name...
The Government of Odisha has included one bauxite reserve (Ballada in Koraput district) among the list of 12 mines to be auctioned in the first phase. Earlier, the state government enlisted only iron ore, manganese and limestone mines for auction. The move assumes significance as Vedanta Limited...
The list of aluminium ore mines to be auctioned has been pruned. The revised list contains much lesser number of bauxite mines than what was decided earlier. It is quite a setback for the Indian aluminium industry. Against the plan to auction about 90 major mineral mines in 2015-16, the mines...
Hydro has signed a Letter of Intent (LoI) with Brazilian mining company Vale for the possible acquisition of Vale's 40 % interest in Brazilian bauxite producer Mineração Rio do Norte (MRN), which would strengthen Hydro's global position as a long player in bauxite and alumina. An eventual agreement...
