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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Cape Alumina has revealed that the Cape York Regional Plan (CYRP), which was announced by the Queensland Government on 21 August 2014, will not affect the permitting or development of the company’s Bauxite Hills project. Cape Alumina will continue its development works for a Direct Shipping Ore...
China imported 3.09 million mt of bauxite in July, tumbling 52.55% YoY, but up 5.73% MoM. YTD imports through July totaled 22.61 million mt, down 42.30% from a year ago, China Customs data showed. Small- and medium-sized alumina producers increased bauxite imports in July as their stocks on hand...
More foreign companies are seeking prospecting and full mining licences from the government, records from the Mining Department revealed. The records showed 25 companies have been issued with exploration licences and are currently on active prospecting. This number could increase after the Mines...
Tag Pacific has joined hands with First Solar Inc., a noted solar energy systems provider, to take up the assignment for building a solar power plant for Rio Tinto Alcan’s Weipa bauxite mine in North Queensland. This should improve Tag Pacific’s status in the market. The Weipa project is worth...
Bauxite mining by Aditya Birla owned Hindalco Industries has came to a grinding halt in the Mali Parbat area near Semiliguda in south Odisha's Koraput district with the district administration imposing prohibitory orders under Section 144 of CrPC. The prohibitory orders have been clamped in the...
Glencore may be the ultimate candidate to finally tap the vast bauxite reserves that has been remained unexplored for decades, which has been the point of interest for many mining companies around the world. Glencore is supposed to hold talks soon with the government of the Australian state of...
MetroCoal, a major shareholder in Cape Alumina, bails the bauxite developer out of debt by financing A$250,000 to continue the Bauxite Hill project in western Cape York, Queensland. Cape Alumina reported that the loan would help the company reserve its existing cash resource, pending the...
A new company has been launched to handle a $580 million bauxite project in the Cape York. According to the Australian Bauxite Development, Nick Stump, former CEO of Comalco will be heading the new board. John Benson, another member and a part of the Australian Indigenous Resources, also bid for...
Post the Government’s announcement regarding the royalty hike on 23 minerals last week, it seems five states in particular will be benefitting the most namely – Odisha, Karnataka, Jharkhand, Goa and Chhattisgarh. Royalty rates on metallurgical-grade bauxite and laterite has been revised to 0.6...
Atlantic Ltd., an Australian mining company, finally exited the Vietnamese market after discovering there highly complicated and time consuming approval process having waited two years researching and awaiting the green signal from the government. They had planned to develop an aluminium supply...
The tribal areas around Eastern Ghats of Vishakhapatnam are expressing collective resistance to the proposal of bauxite mining in the area. The Social Welfare and Tribal Welfare Minister R Kishore Babu however say that no decision has been taken on the issue and the recent statement made by the...
The Pacific Road Resources Funds announce that PRRF has exchanged the non-interest bearing convertible notes issued by First Bauxite Corporation in the aggregate principal amount of $8,000,000, which were due to mature on June 26, 2014 and July 23, 2014, for promissory notes having the full...
First Bauxite Corporation today announced that effective immediately Mr. Alan Roughead has replaced Mr. Hilbert Shields as President and Chief Executive Officer of FBX. Alan brings over 25 years of experience in the industrial minerals industry focused on operations, marketing and finance. Until...
Anglo-African Minerals plc, the GXG quoted mineral exploration company focused on West Africa, is pleased to deliver an update to its shareholders regarding the results from the recent drilling campaign on the FAR bauxite licence in the Kindia Prefecture, Guinea. In May 2014 the Company engaged...
The government today gave nod to increasing royalty rates on minerals including iron ore and bauxite, a long-awaited move that will significantly swell the annual revenue of states. "Cabinet in-principle approved revision of mineral royalty. There are 55 such items but this excludes coal, lignite...
Canyon Resources Ltd plans to produce bauxite in the Birsok project which involves two permits for a surface area that spans 1,460 km2 in Cameroon. The last set of samples collected during the reconnaissance drilling on Baoua, a 700 by 350 metre plateau yielded “the best results” of the drilling...
China Hongqiao Group Ltd , the country's second-largest aluminium producer, has secured sufficient bauxite to replace supplies from Indonesia, which imposed a ban on exporting unprocessed mineral in January. China in January imported 6.1 million tonnes of bauxite from Indonesia, which halted ore...
Queensland Bauxite could have a Scoping Study completed for the South Johnstone Bauxite project in north Queensland within 6 - 8 weeks. The study would likely provide baseline capital costs of mining the bauxite as well as the operating costs. The project has an initial inferred resource of 30...
