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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Queensland Bauxite is acquiring a foothold a regionally strategic project in the Nullamana region of Inverell, New South Wales, as it seeks to add to its gibbsitic bauxite portfolio. EL 7301 has a JORC 2004 Inferred Resource of 29 million tonnes grading 32% available alumina and 5% reactive silica....
UC RUSAL, a leading, global aluminium producer, announces the beginning of Dian-Dian project in the Republic of Guinea. The first stage of the Dian-Dian project involves the construction and putting into operation by 2016 of a bauxite mine with an annual capacity of 3 mln tonnes with the potential...
We can only assume that the Simpson Miller administration's notice of intent to rescind UC Rusal's bauxite mining concessions for two of its Jamaican alumina refineries - Alpart and Kirkvine - is a strategic move aimed primarily at enhancing its efforts at enticing Chinese interests to the sector....
India proposes to raise export duties on bauxite to help local aluminum producers, which are facing a shortage of the raw material because of mining curbs. Finance Minister Arun Jaitley proposed to double export taxes on bauxite to 20 percent in his budget speech to lawmakers in New Delhi today....
According to a report issued by global banking and financial services company Barclays, the top priorities of Prime Minister Narendra Modi's government is clarity on mining regulations and auction of mineral resources. "It is time that India put its mining sector house in order. The sector's GDP...
Bauxite Resources shares are now trading at $0.14, bringing gains for the past 6 weeks to 40%, following a resource upgrade at its Fortuna deposit in the Darling Range, Western Australia. The value of bauxite has increased substantially in recent times, spurred by the Indonesian export ban that has...
Queensland Bauxite is moving ahead on a number of fronts at the South Johnstone Bauxite Project in north Queensland, with plans to upgrade the existing JORC initial Inferred Resource as well as receiving more enquiries for off take. Shares in the company are likely to firm on the news. The...
After failing to get local gram panchayats’ nod for mining bauxite in Niyamgiri hills, Vedanta Resources is now engaging with the Odisha government for allotment of mines elsewhere besides considering procuring bauxite from alternative sources. The Niyamgiri hill area is one of the sources in...
China’s bauxite imports plunged to 2.12 million tonnes in May due largely to Indonesia’s export ban, Shanghai Metals Market understood. Imports of Indonesian bauxite tumbled 98.81% on a yearly basis to 45,000 tonnes in May, the major reason behind the 65.46% year-on-year slump in China’s total...
Rio Tinto expects its $US4.8 billion ($5.1 billion) South of Embley bauxite project near Weipa in Queensland to deliver returns comparable to its lucrative Pilbara iron ore operations, and is likely to approve its development this year, UBS analyst Glyn Lawcock said. Mr Lawcock tips South of Embley...
The Pacific Road Resources Funds ("PRRF") announce that PRRF has exchanged the non-interest bearing convertible notes ("Notes") issued by First Bauxite Corporation (the "Company") in the aggregate principal amount of $8,000,000, which were due to mature on June 26, 2014 and July 23, 2014, for...
Paul Lennon has been appointed Chairman of Australian Bauxite Limited following the retirement of Mr. John Dawkins AO at the recent AGM. Mr. Lennon is a passionate Tasmanian and takes up the mantel of Chairman at a time when ABx has identified three mines in northern Tasmania and production planned...
Queensland Bauxite has returned more positive test results on bauxite from its South Johnstone bauxite project with total alumina ranging from 32% to 38%. South Johnstone represents a new potentially high grade bauxite region, remarkably close to established infrastructure. Significantly, an...
Guinea's parliament has approved amendments in a deal with Emirates Global Aluminium (EGA) which will see the start of bauxite production in 2017 and the construction of a 2-million-tonne-per-year alumina refinery from 2018. "The National Assembly unanimously adopted the amendment of Global Alumina...
Intercept Minerals continues to progress a farm-in by Rio Tinto into its Tiwi Islands bauxite project off the Northern Territory. Under the agreement, Rio will spend $5 million over 4 years to earn a 75% operating interest in the project. This is subject to a number of pre-conditions including, the...
Union Minister of State for Social Justice and Empowerment Sudarshan Bhagat has said he would make efforts in setting up a bauxite factory in Lohardaga. Lohardaga is rich with bauxite. I will try to bring bauxite factory in the district, Bhagat, who represents Lohardaga constituency, told reporters...
China’s imports of bauxite from India and Australia increased in May as buyers in the biggest consumer of commodities sought to fill the gap caused by Indonesia’s ban on shipments. Bauxite shipments from Australia rose 21 percent from April to 1.24 million tons. Indonesia accounted for more than 10...
Bauxite Resources Video Q&A with Peter Canterbury CEO who explained that the company recently undertook a review to determine where best to allocate shareholder funds and have decided to pay a 4 cents per share capital return. After the AU$9.3 Million capital return, BAU retains AU$30 Million in...
