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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More than 26 million tonnes of commercially viable bauxite deposits were found in west Rennell island in the in the Solomon Islands. Asia Pacific Investment and Development Limited (APID) revealed this in an environmental report produced after it carried out prospecting on the site. APID is a joint...
Bauxite Resources Limited announces a resource update for the Fortuna bauxite deposit in the Darling Range, Western Australia. BRL retains 100% beneficial interest to the bauxite. The resource is located on two private landholdings (farms) located ~60km north east of Perth, and 10km from the...
Tom Albanese, the newly appointed chief executive officer of Sesa Sterlite, has identified sourcing bauxite for its aluminium operations and resumption of mining in Goa as some of his top operational priorities for the current fiscal, in the company's annual report for 2013-14. Sesa Sterlite, the...
Kerala government has made it clear they haven’t changed their decision of not allowing mining of bauxite at Kadaladipara in Kasargod district. Replying to a submission in this regard in the Assembly, Industries Minister P K Kunhalikutty said necessary order in this regard would be issued. After...
ASX-listed junior Bauxite Resources has launched a scoping study on its Fortuna direct shipping ore (DSO) bauxite project, in Western Australia. The scoping study would investigate a mine-to-port development to support a three-million-tonne-a-year operation at Fortuna, and would likely be completed...
On Friday 13 June the Queensland Government commenced the Regional Planning Interests Act 2014 by proclamation and also made the Regional Planning Interests Regulation 2014. This legislation establishes the approval process for resource activities in areas of regional interest. Maps outlining the...
Bauxite Resources will return $0.04 a share to shareholders by way of a capital return from its $42.1 million cash reserves as at 31 March 2014. It is subject to shareholder approval but unlikely to brook any opposition. Even after the capital return there would be a $31 million cash balance post...
Despite rising 367% over the past month, junior explorer Queensland Bauxite Ltd is set to soar again today. In pre-trade moves, the shares are expected to open up another 45% at 6.1 cents. The reason for the price move is that recent exploration results have confirmed that the company has a...
The Australian Stock Exchange has placed the shares of Queensland Bauxite in a trading halt on the company’s request in relation to the material results on the company’s bauxite project located in north Queensland. The trading halt will last till 13 June, 2014 until any announcement is made or...
Jamaica is selling its 7 percent stake in a bauxite refinery operation, the island's energy minister announced Tuesday. Energy Minister Phillip Paulwell told Parliament that the government will sell its $11 million stake in the West Indies Alumina Company, referred to as Windalco. It is located in...
ALUMINIUM producer Alcoa says it is reviewing options for its Suriname bauxite subsidiary two days after the country's leader said the multinational was preparing to slash local operations. In a Thursday email, company spokeswoman Monica Orbe said Alcoa is working with the South American nation "to...
Desi Bouterse, the President of Suriname says Aluminum Company of America, (ALCOA) has plans of cutting down their production at Suralco that would result in lay off 1,000 workers which includes 800 contractors. Bouterse told Parliament that the issue is of "a national matter of concern for which a...
China Hongqiao Group Ltd, the largest non-state producer of aluminium of the nation, has agreed to buy an African company developing bauxite deposits for approximately $120 million. Winning Logistics (Africa) Co. and Hongqiao signed an agreement to buy a not so popular company developing a mine in...
According to a report from Proactive Investors Australia, Queensland Bauxite expected to have a breakthrough in Australian bauxite. Queensland Bauxite has, over the past several months, been working away behind the scenes, building towards results that could catapult a $4 million microcap into...
The mineral export ban imposed by Indonesia has come into effect since January while the effects seem to be quite apparent in Nickel market but haven’t affected the aluminium price. It may change soon. Despite the ban, the prices of aluminium have remained fixed in 2014. Indonesia accounted for...
Vedanta Group chairman Anil Agarwal met Chief Minister Naveen Patnaik on Wednesday and sought his intervention in resolving the issue of supply of bauxite to Lanjigarh alumina refinery in Kalahandi district. “The Chief Minister assured us that the State Government is giving top priority to bauxite...
The shares of Queensland Bauxite rose 40% to $0.014, leading ASX to issue a query related to the price. The company said it had no clue about any unreleased information that could give an explanation regarding the increase in price since the close of $0.010 on May 23, 2014. However, it is expected...
China imported a total of 1.58 mn mt of bauxite in the month of April, down by 76.59% YoY. China Customs said, YTD imports through the month of April were 14.47 min mt, down by 29.92% YoY. There was no information about Indonesian bauxite arriving in China in April and Australian bauxite imports...
