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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A Fiji opposition MP says a law should be put in place to limit the amount of bauxite that can be shipped out of the country. The SODELPA MP Mosese Bulitavu presented a petition to parliament last week, calling on the Government to handover royalties to landowners at the Nawailevu bauxite mine. The...
The Solomon Islands government says a limited shipment of stockpiled bauxite extracted from Rennell Island can be exported by PT Mega Bingtang Borneo. Two weeks ago the government cancelled the company's mining lease and prospecting licence for failing to meet its conditions. And it placed a hold...
Bauxite Resources Limited has issued a dispute notice to Yankuang Resources Pty Limited (YRPL) pursuant to the terms of the Joint Venture Resource Agreement (JRVA) and the Alumina Refinery Joint Venture Agreement (ARJVA). The disputes relate to: (a) the differing views as to how to interpret the...
As per section 23C of the Mines and Minerals (Development and Regulation) Act, 1957 state governments have been empowered to make rules for prevention of illegal mining and for purposes connected therewith. Therefore, matters relating to regulation and control of illegal mining, etc are all matters...
The Naita land owning unit of Lekutu, Bua to date received a total premium of $200,000 from bauxite mining works on their land. Lekutu landowner Tevita Raiova said the premiums covered the roads, land lease and bauxite ore extracted from their land. Mr Raiova confirmed they were yet to receive...
Four shipments of bauxite have been shipped out by Asia Pacific Investment Development appointed Bintan Mining SI Limited from its Rennell operations according to custom reports. A total of $1.2 million has been paid as export duty to the government for the China bound shipment dispatched in...
Metro Mining has appointed the former Chairman for Traxys China and Comalco executive Norman Ting to assist with marketing of the Bauxite Hills Project on Cape York, north of Weipa to alumina refineries. Ting has over thirty years of experience and contacts in Asia trading bauxite to fall back on...
Rio Tinto plans to expand its bauxite operations and would be reviewing the feasibility study for South of Embley, in Queensland later this year. The South of Embley project will allow Rio to use an existing mining lease to expand its bauxite mining to a location south to its Weipa operations. The...
GMDC or Gujrat Mineral Development Corporation engaged in exploration and development of mineral resources like bauxite rose 1.24% to INR 97.95 at 11:56 IST on BSE, after 0.44% equity changed hands in a bulk deal on the BSE on 8th May 2015. The stock had underperformed the market over the past one...
Public consultations will be held soon on the determination of the fair share of royalty to be paid to the Nawailevu landowners where bauxite mining is currently underway. This has been confirmed by Lands and Mineral Resources Minister Mereseini Vuniwaqa following questions raised by SODELPA...
The Solomon Islands Government is threatening to cancel a company's lease to mine bauxite on Rennell Island. It would be the second such cancellation after the government last week withdrew the lease of PT Mega Bingtang Borneo for its failure to meet the conditions laid down by the Mines and...
Timothy O’Driscoll has been promising the reopening of the Alpart alumina refinery ever since he took over as managing director in 2009. Although there is still an expected 18-19 months time for that dream to be realized, last Thursday there was a glimmer of hope with the visit of Phillip Paulwell....
Now that it has completed the expansion of its port in Discovery Bay, St Ann, Noranda Aluminum Holding is looking at boosting bauxite exports from Jamaica. Its current lease gives it room to sell at least an additional 400,000 tonnes of bauxite each year, but the company suggested that it might go...
Canyon Resources has been granted an ASX trading halt in relation to a capital raising. The halt will last until the earlier of the announcement being made or the start of trade on Friday, 8th May 2015. Canyon is focused on advancing development of the Birsok Bauxite Project in Cameroon. During the...
South32, BHP’s non-core spin off company, finally gets an official nod from BHP Billiton shareholders on Wednesday. 98.05% of the shareholders were in favour of the spin off company that will now get a separate listed entity. The much talked about company will handle BHP’s erstwhile assets in lead,...
Engineering and construction giant Larsen & Toubro (L&T) has made a renewed bid to secure mining rights over Sijimali and Kutrumali bauxite deposits across Kalahandi and Rayagada districts after the enforcement of the Mines & Minerals (Development & Regulation) Act, MMDR Act, 2015. Since L&T...
The first berth of the wharf project co-invested by Shandong Weiqiao Pioneering Group and three other companies is scheduled to open in July this year, cnmn website reported. The project aims to build two bauxite berths, one heavy cargo berth, as well as loading belts. The wharf is designed to...
During the recent quarter Queensland Bauxite signed a Heads of Agreement (HOA) with Far North Queensland Ports Corporation Limited (Ports North). Other Highlights: - Heads of Agreement signed with Ports North for Mourilyan Port - Environmental consultants progressing approvals - Investment by China...
