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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Alufer Mining Limited has completed the initial Bankable Feasibility Study for the proposed Bel Air Project in Guinea with an estimated capacity of 10.3Mtpa. This is the first towards Alufer’s plan to develop 30Mtpa to cater to China’s growing bauxite needs. After just two years from the first...
CAA Resources is primarily an iron ore product company but since the iron ore market is somewhat depressed of late, the company is considering venturing into the bauxite industry. Mr. Li Yang, the chairman of the board along with the senior managers, is now investigating bauxite prospects in...
The China Customs data revealed that Chinese bauxite imports from Malaysia have gone up to 1.27 million tonnes during the first three quarters of the year. The reason for the sudden rise in Malaysian imports can be traced back to the Indonesian export ban, which is affecting the global bauxite...
The bauxite deposits at Rennell Island is attracting a lot of attention and the newly established mining company, which is a joint venture of Mugava and Solomon Mining Limited, is the third company to show interest in this project. Asia Pacific Investment Development (APID) and Bintang Borneo...
New bauxite reserves in Guizhou Province – one of China’s bauxite-rich regions – are likely to hit 400 million tonnes in 2014, cnmn.com reported on November 9. Besides, new coal resources in the province are estimated at 150 million tonnes this year. To capitalize on abundant resources, the local...
Another 20 year land lease has been approved to XINFA Aurum Explorations Fiji Limited for a new bauxite mining site at Votua, Lekutu in Bua. Mine Manager Basilio Vanuaca said 400,000 tonnes of bauxite is expected to be extracted from that piece of land which is 500 metres away from the current site...
Imerys, a world leading industrial minerals company has signed an absorption deal on Thursday, for the Greek company called S&B Industrial Minerals. The deal is supposedly one of the biggest international mergers in the history of Greek industry. The deal is said to be worth 558 million euros...
A local NGO reported that a Harita group mining company in West Kalimantan, Indonesia has been mining outside its allotted land. Forest Monitoring Volunteers of Borneo (RPHK) found in the their investigation that the P.T Karya Utama Tambang Jaya is using 78 hectares of land for their operations...
The government is learnt to have finalised a blueprint to auction 31 mining leases for iron ore and bauxite mines by April 2015. It has also asked the states to give a list of fully prospected areas for auctioning them out in the subsequent phases. The first set of mining leases (MLs) will be...
China’s imports of Malaysian bauxite hit a record high of 566,000 tonnes in September 2014, China Customs data showed. Malaysia – accounting for 20% of China’s total imports in September – became China’s third largest supplier of bauxite, next only to Australia and India. This was driven largely by...
A West Indies Alumina Company (Windalco) train has derailed in the vicinity of Capture land and Tawes Meadows in St Catherine a short while ago. Information is sketchy at this point but OBSERVER ONLINE can report that no one was injured. The train is reported to have been heading to May Pen,...
Metallica Minerals Limited (“Metallica”) is pleased to announce that the Cape York Bauxite and Heavy Mineral Sands (HMS) Joint Venture has executed a legally binding Supply Contract with Consulmet Pty. Ltd (“Consulmet”) for the Urquhart Point HMS Projecton the western coast of Queensland’s Cape...
Anrak Aluminium is optimistic of securing government approval to mine bauxite in three to four months, a company official said on Wednesday, possibly ending a three-year wait. "We are hopeful of getting approval in three to four months," Hariharan Mahadevan, president of projects at Anrak, told an...
The founder and executive chairman of the London-listed Vedanta Resources, Anil Agarwal, announced on Tuesday that the Odisha government has assured him that they will provide the necessary raw materials to feed Vedanta’s one-million tonne Lanjigarh refinery within three to four months. The...
Bauxite Resources limited publishes September 2014 Quarterly report. Highlights of the report are given below: • Upgrade of Athena Resource resulting in 36.2Mt @ 32.8% low temp available alumina (41.8% total) and 2.8% reactive silica under the HD Mining Joint Venture • Fortuna DSO Scoping Study...
Bauxite Resources limited publishes September 2014 Quarterly report. Highlights of the report are given below: • Upgrade of Athena Resource resulting in 36.2Mt @ 32.8% low temp available alumina (41.8% total) and 2.8% reactive silica under the HD Mining Joint Venture • Fortuna DSO Scoping Study...
Australian stocks have risen for a seventh straight session with miners and bankers pulling the ASX200 up 60.9 points, or 1.1%, to 5,385.9. Wall Street had rallied last night on upbeat earnings reports, sending the Dow Jones Industrial Average up 215 points to settle at 16,615, while the Nasdaq...
Global demand for bauxite seems to be on the rise again according to the head of a West Australian exploration company. Bauxite Resources executive director and CEO Peter Canterbury said global demand for aluminium is a positive for the mining sector in the south west of the state, despite a recent...
