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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The Centre’s Project Monitoring Group (PMG) will soon take up the issue of stalled process of bauxite mining in Andhra Pradesh, state government officials said here today. The clearances sought for mining of bauxite ore by the state-owned AP Mining Development Corporation (APMDC) was kept in...
The state government is yet to dispose off over 300 pending PL (prospecting licence) applications for bauxite deposits in Kalahandi district and undivided Koraput region. Larsen & Toubro (L&T), Vedanta Aluminium Ltd (now Sesa Sterlite), Jindal Steel & Power Ltd (JSPL), Jindal Photo Ltd, Hindalco...
Canyon Resources Ltd has alleged locating a large bauxite deposit in the Birsok project, in the centre of Cameroon, that it is in the way to having 75%, following a joint agreement, struck in late 2013, with the British company, Altus Strategies Ltd. In the research report published on July 23, the...
Vedanta Resources Plc, a London-listed mining giant, would explore new deposits of iron-bauxite in Odisha to feed its Lanjigarh refinery. The move is seen as initiative by the company to acquire the raw material required for aluminium producing after the Niyamgiri fallout where Vedanta Resources...
The Ministry of Science, Technology, Energy and Mining has initiated the winding up of the Bauxite and Alumina Trading Company (BATCo), which it indicates is one step forward in its plan to merge administratively all government entities dedicated to management of bauxite resources. Entities to be...
China saw imports of bauxite jump nearly 40% last month, but the figure was still well down on pre-Indonesian ban highs. The world’s largest importer of the aluminium making ingredient imported 2.9mt of bauxite in June, according to shipbroker SSY. While it is a significant increase on previous...
Attention maybe turned to exploration of bauxite ore after opening floodgates to greater private participation in coal mining by the National Democratic Alliance Government. The mining lobby, which was lying low for quite sometime after the UPA-II put in abeyance all clearances accorded to bauxite...
Local aluminum players claim to always have shortages of the mineral but the major bauxite players are keen to export it because of the lucrative international prices. Now, with a 20 percent tax, it will become more expensive to export bauxite, thus adding capacity to domestic aluminum production....
Aziana shares have jumped up to 65% today to an intraday high of $0.033, from a $0.02 close yesterday. Shares last traded at $0.03. After today's rise the company is capitalised at around $6 million and holds almost $3 million in cash following the sale of non-core graphite and gold leases in...
Queensland Bauxite has revealed that bauxite from South Johnstone in Queensland consists of gibbsite of between 36-48% level. This is significant as the gibbsite mineral readily dissolves at low temperatures and pressures at the alumina refinery stage (the Bayer process). Hence it is easier and...
India’s move to double the export tax on aluminum-rich bauxite to 20% is likely to heat up prices for Chinese buyers, who have been scouring for the mineral ever since Indonesia imposed a ban on shipments earlier this year. India’s rich mining resources have been drawing interest from overseas with...
Explorer Bauxite Resources has increased the resource of its Athena bauxite deposit, in the Darling Ranges of Western Australia, by some 59%. The Athena deposit was now estimated to host some 36.2-million tonnes, grading 32.8% alumina and 2.8% reactive silica. The Athena deposit forms part of a...
Government has issued a formal notice, to Russian aluminium company UC Rusal, of its intention to revoke the special mining rights for its Alpart and Kirkvine refineries, if "bona fide" mining operations do not resume within six months. This was disclosed by Minister of Science, Technology, Energy...
Chennai, July 10 (IANS) The hike in export duty on bauxite and the import duty on flat rolled products of stainless steel proposed by union Finance Minister Arun Jaitley is favourable for the domestic players, said a sectoral analyst. "It augurs well for aluminium industry's capacity expansion...
The railroad is planned to be 180 kilometres long and would run from Binh Phuoc province to Ba Ria-Vung Tau in the south of the country. An Vien Group (AVG) has committed to supplying 50 per cent of the financing with Rusal providing the other half. The Russian side said it hopes its Vietnamese...
Hindalco Industries surged 3.63% to INR 172.50 at 12:40 IST on BSE as the finance minister in the Union Budget 2014-15 presented on 10 July 2014, announced increase in export duty on bauxite from 10% to 20%. Meanwhile, the S&P BSE Sensex was down 63.72 points or 0.25% at 24,960.63. On BSE, so far...
ASX-listed Metallica Minerals has announced its intention to expand its focus from mineral sands to include bauxite, identifying 15 priority targets over its Cape York tenement package, in Queensland. An evaluation and drill campaign has been scheduled for September, and Metallica told shareholders...
The doubling of export duty on bauxite, a key input for aluminium making, to 20 per cent will help improve availability of the raw material to the domestic producers. "Export of any raw material from the country should be discouraged and thus, the doubling of export duty on bauxite is a welcome...
