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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Pro Fin Capital Services Ltd., the leading financial solutions and services provider has intimated the Bombay Stock Exchange (BSE) that it has decided to acquire 80 per cent of the equity capital of Tera Natural Resources and Pellets Private Limited (TERA) in due course. TERA, the bauxite mining...
The chairman and managing director of National Aluminium Company (NALCO) P K Chand urged upon Odisha government to grant the lease of Pottangi bauxite mine on an immediate basis. He put emphasis on the fact that the mine was direly needed by the Navaratna PSU in order to expedite its expansion...
Some 263 residents and Felda Bukit Goh settlers submitted their application letters to the state government to seek approval for bauxite mining on their land. Bukit Goh Bauxite Problems Coordinating Committee chairman, Datuk Dr Abd Wahid Abd Manap, representing the settlers, handed over the...
Iran and Guinea have resurrected a deal to extract bauxite in the African country after a delay of 25 years and ship it to the Middle East for aluminum production. The project, worth $505 million, includes production for three years over 5,684 square kilometers with combined reserves of 600 million...
Government of India has sought more clarification from the Odisha government on its recommendation to grant mining lease (ML) of Kutrumali and Sijimali bauxite mines to Larsen&Toubro (L&T). In June, the state government recommended the Centre to grant ML of the two mines after L&T committed to set...
Xinfa Aurum Explorations (Fiji) Limited is constructing a beneficiation plant at its Votua bauxite mining site in Lekutu, Bua. Beneficiation of bauxite involves screening of the ore followed by a wash to remove fine particles. The screened ore is then placed on stockpiles before being loaded onto...
The Union Mines Ministry has stressed on Differential Global Positioning System (DGPS) survey of Kutrumali and Sijimali bauxite deposits before grant of mining lease (ML) to engineering & construction major Larsen & Toubro (L&T). "Apart from the survey, there is no other roadblock for L&T to get...
Gujarat Mineral Development Corporation (GMDC) has reported results for first quarter ended June 30, 2015. The company has reported a fall of 43.66% in its net profit at Rs 73.54 crore for the quarter ended June 30, 2015 as compared to Rs 130.54 crore for the same quarter in the previous year. The...
China Hongqiao Group began its first shipment of 180,000 tonnes of bauxite from the Port of Boke, Guinea on July 20. China Hongqiao Group, together with other companies, established Boke Mining Company and started port project at the Port of Boke to develop bauxite in Guinea. They have built two...
Guinea has renewed a 25-year agreement with the government of Iran to allow it to start producing bauxite, according to official sources and documents seen by Reuters on Sunday. Iran will hold a 51 percent stake in the project, the Societe des Bauxites de Dabola-Tougue (SBDT), which permits...
A decision on the $1.45 billion South of Embley bauxite project at Weipa is to be made by the end of the year 2015, confirmed officials at Rio Tinto. Despite Rio Tinto reporting a first half year net profit slumping 43 per cent to $3.98 billion as falling iron ore, coal, copper and aluminium prices...
The government has rejected a plea of Bharat Aluminium Company (Balco), a Vedanta group firm, to accept its winning bid for an auctioned coal mine in Chhattisgarh. The government had in March rejected bid by Balco citing low prices and handed over the mine to Coal India. The company had moved Delhi...
The much-awaited auction of mineral-bearing mines, including with iron ore and bauxite, is expected to start from October-November with the Centre handing over a list of 58 explored blocks to 12 producing states. "Mines auction is expected to begin from October-November. MECL has handed over...
Global mining giant Rio Tinto plans to share their non-confidential laser mineral analysis technology free of cost with the upcoming exploration companies in Australia to facilitate the discovery of high quality mineral reserves in the country. The technology was developed by geoscientists at the...
Brisbane based Metro Mining Ltd and China’s Xinfa Group have signed an Off-Take Memorandum of Understanding aimed at pre-committing half of Metro’s Bauxite Hills Project production for the first five years. Xinfa Group Ltd is a long standing major shareholder of Metro Mining. Whilst the initial...
The Atomic Energy Licensing Board (AELB) has taken samples of water, soil and bauxite in mining areas in Pahang said to be unleashing radioactive elements for analysis. Menteri Besar Datuk Seri Adnan Yaakob said the samples were taken last Aug 3 at the river and beach in Pengorak and the result...
Aziana Limited informed their shareholders that the prospective sale of its Manantenina Bauxite Project will not be proceeding. The prospective buyer has today notified the company in writing of its intentions not to proceed. The company will continue to seek a commercial outcome for the project...
The Pahang government has no plans to immediately shut down bauxite mining operations here despite reports of the hazards to public health and environment. Menteri Besar Datuk Seri Adnan Yaakob said a shutdown order could not be issued as “issues like loss of income for landowners, mining workers,...
