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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Australian Bauxite has estimated initial resources for its Bald Hill mine near the Campbell Town production centre in Tasmania to be 3.5 million tonnes. Total Tasmanian bauxite resources now total 9.2 million tonnes, an increase of 61%, with bulk test pits in mid-2013 indicating yields of 65% to...
An Indonesian mining ministry official on Monday said that export ban on bauxite may be eased to promote smelter building in the country. The country had banned the export of minerals last year in a bid to develop the upstream industry within the country and only export processed, end products....
Aziana Limited has signed a conditional agreement to sell its Manantenina Bauxite Project in Madagascar for a total consideration of US$2 million (A$2.56 million) to India’s Thankys Exports Pvt. Ltd. The non-binding agreement includes a royalty of US$0.50 per tonne of bauxite mined. Manantenina...
On Friday, the Parliament passed the much debated Mines and Minerals Development and Regulation (MMDR) Bill, 2015, a move that is expected to boost investments in the country. For the Indian economy to receive the much needed thrust forward, foreign investments are necessary and mining is a good...
Vedanta Aluminium Limited (VAL) will be granted laterite deposits by for their Lanjgarh in Kalahandi district the State Government announced on Friday. An agreement will be signed between the government and VAL to explore the laterite deposits which contain substantial amount of aluminium although...
The government has approved a proposal from Odisha to allocate a bauxite deposit with reserves of over 150 million tonnes to the state mining company, a move likely to help companies like Sesa Sterlite Ltd that are banking on the raw material to fire their aluminium smelters in the state. In a...
While Chinese investments in Africa get enough media coverage, Middle East is silently entering the African continent with their own plans for strategic investment. Abu Dhabi’s Mubadala Development and Dubai Aluminium (Dubal) is planning a US$5 billion investment to develop the upstream industry...
Fifteen new apprentices have picked up their tools and launched their careers in the mining sector with Rio Tinto’s Weipa bauxite operation. The recruits will develop skills in fields such as diesel fitting, fitting and turning, electrical, and boilermaking over the next three to four years to gain...
In Jamaica’s Budget for the financial year 2015-16, the government will repeal the discount given on the bauxite levy and companies will now have to pay full amount. Dr. Phillips told the House that there has been a positive wave in the international market that has also boosted the price of...
Chalco will invest 2.6 billion yuan ($400 million) to explore bauxite in Chongzuo, Guangxi – one of China’s bauxite-rich regions – local media reported. Feasibility report was completed last December, and groundbreaking might start as soon as this June, the media added. Once operational, the...
South Goa traffic cell has lodged a complaint with the district magistrate to restrict the transportation of bauxite-laden trucks operating between the Naquerim-Betul and Vasco as it causes traffic congestions in the port area, especially during peak times. Trucks are said to make around 220 trips...
UC Rusal commenced mining operations at its $25 million Kurubuka-22 project, which is located near Kurubuka in Guyana. The bauxite deposit is estimated at 30 million metric tons (mt). Development began in 2013 with construction of the mine, infrastructure development, building of access roads,...
In a bid to enhance diversification, the CNA Group has expressed interest in bauxite venture signing a non-binding MoU with a bauxite mine and processing plant in Shanxi, China for a five percent stake in the company. The fruitfulness of the venture will only come forth in due course said the...
Xinfa Aurum Exploration Limited in Bua is facing bauxite stockpiling issues as a result of heavy rain showers in the region. Managing Director, Isirelli Dagaga highlighted the issue in an interview where he also says that they even refrain from mining in wet weathers as it results the production....
The Indonesian mineral-ore export ban has affected the state-run diversified miner Aneka Tambang (Antam) reporting a total net loss of Rp 775.29 billion (US$ 59.28 million) for the year 2014 which is a sharp contrast from the previous year where the company enjoyed a net profit of Rp 409.95...
China’s bauxite imports fell 20% on the month to 2,587,823 tonnes in January 2015, customs data showed. Imports from Australia and Malaysia – China’s major suppliers – fell 330,664 tonnes and 367,632 tonnes, respectively, from a month ago, the major reason behind the month-on-month decline in total...
The first shipment of bauxite to China is expected next month as mining has already started at Votualevu village in Lekutu, Bua. XINFA Aurum Explorations Fiji Limited Mine Manager, Basilio Vanuca says 400,000 tonnes of bauxite is expected to be extracted from the new site. He said 200 seasonal...
New Delhi In a bid to bring in reforms in the mining sector and enhance transparency, the government plans to auction minerals such as iron ore, bauxite and manganese, Parliament was informed today. Minister of State for Mines and Steel Vishnu Deo Sai replied in affirmative in response to a query...
