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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Australia has been exporting more bauxite to China after Indonesia began limiting exports of raw ore last year. Vessel-tracking data from IHS Maritime's Market Intelligence Network show six ship calls at Australian bauxite ports Weipa and Gove in January. In total, 496,643 tonnes of bauxite were...
The Delhi High Court Thursday directed the Union government not to conduct final bidding till February 18 for three coal blocks in Chhattisgarh, for which Sarda Energy and Minerals Ltd has submitted its initial price offer on its plea challenging the two-phased auction process in which half of the...
After a Malaysian shipment of bauxite ore sank last month, marine insurers are issuing warnings about the dangers of liquefaction of bauxite that occurs due to the presence of excess moisture and can cause capsizing of the vessel due to dis-balanced weight of the cargo. The Bulk Jupiter that sunk...
Vietnam’s Prime Minister, Nguyen Tan Dung went on an inspection of the Tan Rai Lam Dong Complex and the Nhan Co Aluminium factory on Wednesday saying he was proud of the achievements of the project over the past year. Owned by the Viet Nam National Coal-Mineral Industries Group (Vinacomin), the Tan...
Weipa bauxite mine will soon become the first mining site to adopt renewable energy thanks to the Australian Renewable Energy Agency (ARENA) who is providing the funds worth around $23.4 million for the revolutionary two-phased project. For the first phase of the project, ARENA will be shelling out...
Xinfa Aurum Bauxite Company is planning to make 10 bauxite shipments to China, this year. The Chinese bauxite mining company was handed their second lease documents, late last year from the Minister for Lands and Mineral Resources Mereseini Vuniwaqa, for the new site in Votua Village, Lekutu in...
Queensland Bauxite has finalized a deal with Far North Queensland Ports Corporation Limited to make Port of Mourilyan their port partner, allowing the company to allocate 800,000 tonnes of bauxite per year, according to the contract agreement. Located 16-25 kms away from the South Johnstone mining...
Ahead of auction of non-coal minerals, the Mines Ministry has extended the leases of government companies which had applied for renewal in time. An order of the ministry has said that in exercise of the power to remove difficulties in the MMDR Amendment Ordinance, “the tenure of the mining leases...
Queensland Bauxite will look to top up cash reserves for development of its South Johnstone Bauxite Project offering one new share for every four shares held at an issue price of $0.014 per share plus a free attaching option to shareholders. Offer proceeds will be used to prove up larger tonnages...
The Pahang State government has announced that the Jalan Gebeng bypass will only be used to transport bauxite and iron-ore to the port, effective from 4th February, 2015. The decision was taken after a discussion with 106 entrepreneurs related to the industry to solve the issue of dirty roads...
Bauxite Resources Limited refers to the market announcement “Positive Export DSO Bauxite Scoping Study Results Received For 100% Fortuna Project” released to the ASX on 21 January 2015 (the “previous ASX Release”). The Company wishes to provide the following further clarification. The purpose of...
The newly discovered 400,000 tons bauxite resource in Bua is expected to yield $16 million in revenue, according to the Mine Manager of XINFA Aurum Explorations Fiji Limited, Basilio Vanuaca. The mining site located at Votua, Letuku in Bua, has started work this month, employing 200 seasonal...
The Sesa Sterlite Limited’s (previously Vedanta Aluminium Limited) Rs52,000-crore investment in Odisha is the largest on ground investment made by any company in the State ever. Still, the future of the project is hanging fire owing to the delay in policy decision mechanism of the State Government....
The Solomon Islands Government has ordered a stop to mining on Rennell Island, after a company disregarded the cancellation of its licence. PT Mega Bintang Borneo Ltd was told to halt mining and remove all its equipment on December the 23rd, but according to the Solomon Star, is still operating....
Queensland Bauxite has reported $4.34 million in cash reserves as it embarks on the next stage of positioning its South Johnstone bauxite project for development. During the September quarter, QBL defined at initial JORC Indicated Mineral Resource and a Scoping Study that detailed financial...
China’s bauxite imports from Australia peaked at 1.87 million tonnes in December 2014, underscoring the country’s role as top supplier after Indonesia banned exports. Rising alumina production in China and growing alumina consumption from aluminum smelters boosted demand for bauxite, SMM...
Metro Mining, the new company that has emerged after MetroCoal Ltd acquired Cape Alumina, is all fired up for development in 2015 with the appointment of a new CEO, a new Director and the doubling of the direct shipping ore inferred resource at its Bauxite Hills project. The combination of the two...
Village farmers, fishermen and village shop owners of West Rennell and surrounding communities are experiencing the influx of cash-flow and increase of revenue in their shops and communities as a direct result of the current bauxite mining operation in the area. A landowner Malcolm Sau who has just...
