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 Mining Company Arum Exploration Limited has identified two other potential bauxite sites in the same province of Nasarawaqa and Wainunu in Bua. This has been revealed as the British High Commissioner Roderick Drummond is on an official trip visiting major projects being carried out in the...
After successfully demanding for the coal export tariff reduction, the Vietnam Coal and Mineral Industries Group (Vinacomin) in 2013 asked for more tax incentives and preferential loans for the Lam Dong bauxite – aluminum and the Nhan Co alumin projects. To date, Vinacomin has got the nod from...
Kolhapur police on Thursday arrested four drivers for allegedly transporting bauxite without proper permits, following a complaint from the district administration about illegal mining in the mineral-rich district. The police said that the owners of the concerned mines will also be grilled if found...
Activists of Gandhamardan Surakhya Yuba Parishad (GSYP), which spearheaded the ‘Oust BALCO’ movement in 1980s, pledged not to allow bauxite mining in Gandhamardan hill range at a public meeting organised to celebrate its 30th annual day on Wednesday. The celebration began in the form of a torch...
THE XINFA Bauxite Mining Group injected about $1.2million into the Vanua Levu economy last year in the form of workers salaries. Group executive director Sang Lei said they were expecting more this year taking into account the amount of financial help they had been diverting towards...
China’s bauxite imports tumbled in November as Indonesia’s export ban loomed large, Shanghai Metals Market has learned. Inbound shipments were 5.37 million tonnes last month, surging 48.7% year-on-year, but down 23.0% month-on-month. Imports throughout the first eleven months totaled 65.53 million...
The report 'Brazil Mining Market Outlook to 2017 - driven by Surging Mineral Exploration Activities' provides a comprehensive analysis of the various aspects such as market size, segmentation, trends and developments and future projections of the mining market of Brazil. The mining market of Brazil...
Last week, the share prices of a number of junior resource companies on the TSX Venture Exchange increased. Among those, First Bauxite saw remarkable increase in the share prices. First Bauxite, the Canadian natural resources company rose 27.27 percent last week. First Bauxite explores and develops...
There is potential for a sharp drop in bauxite imports by China from Indonesia after January, at least in the short term, though China is comfortably stocked with bauxite which will provide it with some buffer, said London based Barclays in its recent market analysis Meanwhile, the pace of growth...
Glencore Xstrata Plc (GLEN), multinational company engaged in mining, oil and gas and commodity trade sector, will construct mineral processing and refining plants in Indonesia, if the government realizes mineral export ban next year. MS Hidayat, the Minister of Industry, said Glencore is...
More than 900,000 tonnes of dry metric tonnes of bauxite was extracted by the XINFA Bauxite Mining company in Nawailevu, Bua this year. Group executive director Sang Lei said the portion of bauxite produced more than 700,000 tonnes of bauxite. Mr Lei said since they begun operations on June last...
Australian bauxite miners are pinning their hopes on a turnaround in the struggling industry, with a new market likely to open up in China. Indonesia has long satisfied China’s growing hunger for bauxite to feed its aluminium smelters, which has prevented Australian companies from entering the...
About $28.8million worth of bauxite has been exported to China from Bua mines at Fiji this year. This is equivalent to 12 shipments of bauxite sent from Bua in the North. Acting Commissioner Northern Alipate Bolalevu said the mining investment at Nawailevu in Bua had been a success. He said the...
Tribals at Koraput in Odisha have threatened to intensify their stir, if Hindalco went ahead with its plan of resuming bauxite mining at Mali Parbat. The mine used to feed the company’s aluminium plant at Renukoot in Uttar Pradesh. Spread over 270 acres, the mine stopped operation in 2010 in the...
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Leading metal makers such as ArcelorMittal and Vedanta will be keen on more work in India but for the dispiriting project delays, especially those pertaining to sanctions for mines. In an interview with Bloomberg TV, Vedanta Chairman Anil Agarwal regretted his $8-billion investment in the country's...
KPCC president Ramesh Chennithala on Thursday demanded the cancellation of the sanction given for bauxite mining at Kadaladi Para in Kasaragod. He also demanded a probe into the circumstances under which the previous LDF government awarded the sanction in 2007. Chennithala raised the demands in...
Brazil’s exports of bauxite and aluminium fell in November, while alumina shipments increased, according to the country’s trade ministry. Bauxite exports from Brazil reported a 14% fall in November after China and Canada reduced purchases. Shipped volumes were 719,719 tonnes in the month, compared...
