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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Queensland Bauxite has received a notice of initial substantial shareholding from China Bauxite Trading & Investments Company (CBTIC) with a 9.1% interest. CBTIC had invested $910,000 in the company through a placement priced at $0.014 per share, giving it 65 million shares in QBL. Proceeds from...
South32, BHP Billiton’s the awaiting spin-off company, add more new board members to the team in preparation of the early June release on the ASX. In an announcement made by the nascent company on Tuesday, they will be expanding their board from four to eight members adding four non-executive...
Nalco’s deteriorating condition has caught the attention of India’s Prime Minister, Mr. Narendra Modi, who has sent a letter to the Chief Minister of Odisha, urging him to intervene to improve the company’s situation. Difficulty of viable bauxite procurement has been one of the biggest complaints...
Aziana Limited is selling off its Manatenina bauxite project of Madagascar to Thankys Exports Pvt. Ltd and a conditional sale agreement has been decided upon by the two parties. As per the conditions of the purchase, the buyer company will pay a total purchase amount of $2 million to seller company...
Queensland Bauxite has received a notice of initial substantial shareholding from China Bauxite Trading & Investments Company (CBTIC) with a 9.1% interest. CBTIC had invested $910,000 in the company through a placement priced at $0.014 per share, giving it 65 million shares in QBL. Proceeds from...
The Comptroller and Auditor General of India has accused the Odisha state government of being too lax in their collection of revenue using modes like VAT, Entry Tax, Excise Duty and Mining Receipts causing an estimated loss of INR 4,713.63 crore for FY 2013-14. The mining dues alone are said to...
China’s imports of Malaysian bauxite could balloon to 8-10 million tonnes in 2015, Liu Xiaolei, aluminum analyst at SMM said during the recent 2015 Shanghai Copper & Aluminum Summit. China has diversified its sources of bauxite supply, with the number of supplying countries increasing to 9 in 2014...
Tuoi Tre newspaper quoted experts as saying that Vinacomin (the Vietnam Coal and Mineral Industries Group), the investor of the projects, has “fallen into a trap” set by Chinese contractors. Dr. Nguyen Thanh Son, former director of the Red River Delta Coal Mining Management Board, pointed out that...
Vietnam’s Ministry of Industry and Trade (MoIT) revealed in a press release on 30th March that the two relatively new bauxite mines and processing units in Central Highland Province of Lam Dong will continue to incur losses for the next 4-5 years. Out of the two facilities, Tan Rai became...
Queensland Bauxite directors have acquired further shares in the company worth $367,500 from the recent entitlement offer to shareholders. Executive chairperson Pnina Feldman and executive director Sholom Feldman acquired 26,250,000 shares at $0.014 in the offer through Volcan Australia as they...
China Hongqiao Group Limited , the country's second-largest aluminium producer, expects to receive the first shipment of bauxite ore from a joint venture mine in Guinea in September, its Chief Executive Officer Zhang Bo said on Monday. Bauxite is used to produce alumina, the base material for the...
Guinea cancelled a tender for bauxite mining blocks that sources said had been won by a Chinese firm in partnership with figures in President Alpha Conde’s political party. The government did not give any reason on Thursday for cancelling the tender for the blocks in Boffa, some 150 km (93 miles)...
Australian Bauxite (ABX) has been swift in developing its first bauxite mining centre near Campbell Town in Tasmania. Australian Bauxite mobilised the construction contractor to the site in December 2014 and was producing its first bauxite within three months. The new Campbell Town mining centre...
Jamaican government and Noranda Bauxite Limited are at loggerheads as issues arise regarding payment of bauxite levy imposed by the government. The issue was revealed by Finance Minister, Dr. Peter Phillips on Wednesday, at the close of the budget debate in the House of Representatives. During the...
The Indonesian government is in a fix about what to do with the mineral export ban since the announcement of a possible annulment of the ban caused mixed reactions. Said Didu, the head of smelter development acceleration team had said recently that the government is thinking of easing the bauxite...
After delays in construction, Vietnam’s second bauxite refinery plant in the Central Highlands province of Dak Nong will have its first test run next month, news website Saigon Times Online reported Tuesday. Le Minh Chuan, chairman of the Vietnam National Coal and Mining Industries Group...
Prime Minister Portia Simpson Miller announced a short while ago that the Russian company UC RUSAL yesterday commenced the mining and processing of bauxite at the Alpart refinery at Nain in St Elizabeth. So far, the company has employed some 40 people and it has given its commitment to employ...
Industry leaders Rio Tinto and Alcoa bow out of the State Agreement Act developed to initiate a bauxite mine and alumina refinery in the north Kimberly region, so that the region can be included in a proposed national park. Mitchel Plateau area was reserved for the development of bauxite mine and...
