Alcoa prices $2.6b senior notes for South32 bauxite, alumina and aluminium deal
Alcoa Corporation has set the price for a USD 2.6 billion senior notes offering to help finance the cash consideration for its proposed acquisition of South32’s bauxite, alumina, and aluminium assets . Along with the cash on hand, this debt is expected to provide permanent funding for the...
Rio Tinto adds Aurukun's 8 tpa bauxite opportunity to growing Cape York pipeline
The acquisition gives Rio Tinto control of a major undeveloped Cape York resource as it expands its existing Weipa operations and advances new mining areas. Rio Tinto is expanding its Cape York bauxite portfolio by acquiring the Aurukun bauxite project from Glencore and Mitsubishi, adding a...
Grow with
AL Circle
Odisha govt challenges Supreme Court’s judgement in Vedanta bauxite mine case
Government of Odisha has filed an interlocutory application before the apex court challenging the landmark Supreme Court judgement in the Vedanta bauxite mine case. The Court in its judgement had upheld the statutory powers of the tribal village councils under the Forest Rights Act and the...
Queensland Bauxite negotiating with AID for development of NSW reserves
Australian mining company Queensland Bauxite has opened negotiations with Australian Infrastructure Developments (AID) to explore options for the transport of the former’s bauxite production in New South Wales. AID, a freight project developer, is proposing to build a national freight...
Bauxite mining moratorium may be extended; rehabilitation will take 2 years, says expert
The three-month moratorium on bauxite mining in Pahang may be extended if authorities could not meet the terms by its April 15 deadline. Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said he was satisfied with the progress of stockpiles clearing at the Kuantan...
European Parliament’s resolution on Montenegro vindicates Central European Aluminum Company
The resolution on the European Commission’s 2015 Progress Report on Montenegro was adopted by the European Parliament’s Foreign Affairs Committee on February 23. The vote was hailed by the Central European Aluminum Company (CEAC). In a press release, the CEAC said: “We are heartened by the...
Environmental NGO suggests Malaysia bauxite moratorium be extended
Malaysia’s National Treasures Protection Society (Peka) Pahang chapter president Khaidir Ahmad says that the ongoing bauxite moratorium should be extended due to the failure of the Kuantan port authority to meet the February 15th deadline for clearing the port of stockpiled bauxite. Runoff from the...
Queensland Bauxite looks at freight options in NSW
ASX-listed Queensland Bauxite has started discussions with freight project developer Australian Infrastructure Developments (AID) regarding transport options for its New South Wales bauxite deposits. AID was proposing to build a national freight infrastructure network providing a direct and...
Environmental group calls for Pahang bauxite moratorium extension
An environmental group has casted doubts on whether Pahang authorities would meet the terms of the ongoing bauxite moratorium to tackle pollution caused by rampant mining in the state for over a year. National Treasures Protection Society (Peka) Pahang chapter president Khaidir Ahmad said the...
Minister to meet Kuantan officials over bauxite mining issue
Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said he will meet Kuantan officials this Friday, February 26, to obtain the latest information over the state’s efforts to clean up the city after it was affected by the rampant bauxite mining activity. “I will get...
Felda to decide on settler aid after bauxite moratorium ends
Felda (Felda Global Ventures Holdings Berhad) will consider the form of assistance to be given to its settlers involved in bauxite mining after the three-month moratorium ends in April. Its chairperson Mohd Isa Abdul Samad said Felda needed to wait for the decision on whether the mining activities...
China Shanxi discovers huge bauxite resources in 2015
Shanxi Province, one of China’s major alumina producing regions, discovered vast bauxite resources in 2015, according to a spokesperson of the local Ministry of Land & Resources. The province discovered 30 million tonnes of bauxite resources during 2015, bringing total discovery of the aluminum...
Malaysia bauxite freeze will not fix long-term damage, say academics
A temporary ban on bauxite mining would not be enough to remedy the long-term damage it caused, academics were quoted as saying in a report. They opined that the damage might be harder to fix, even if a moratorium on bauxite mining resulted in improvements in the environment. United Nations...
Odisha's bauxite reserves to attract more than INR 30,000 cr in next few years
It may be early yet, but there seems to be signs of revival in big ticket investment in Odisha's aluminium sector. If recent announcements are anything to go by, the state, home to more than half of India's bauxite reserves, is poised to attract investment worth well over INR 30,000 crore in the...
Pahang govt steps up efforts on bauxite de-stocking and transport
Government of Malaysia is keeping tabs on the limit of bauxite stored at the Kuantan Port to avoid any additional amount of stockpile in the area. Transport Minister Datuk Seri Liow Tiong Lai said they have not received any report of more bauxite there than the stockpile limit. “We will not allow...
Rusal to sell Alpart bauxite-alumina plant to Chinese company
Owners of UC Rusal have signed an agreement with a Chinese firm for the purchase of Alumina Partners of Jamaica (ALPART), a bauxite mining and alumina processing plant located at Nain, St Elizabeth, in the south of Jamaica. Reliable sources said on Thursday that – in a process likely to be...
Rio tipped for alumina takeover
Some of the world’s biggest miners are believed to be positioning themselves for transformational takeover deals, with speculation mounting that Rio Tinto could be circling Alcoa’s $5 billion alumina business and that the coal giant Glencore is poised to buy the struggling Western Australia miner...
Rio considering Chinese JV partner for Amrun bauxite mine expansion
Profit or no profit, mining giant Rio Tinto remains committed to the $2.6 billion Amrun bauxite mine expansion near Weipa. And for that, the conglomerate is considering a joint venture partner that would help it fund the wholly owned project. It is known from the company sources that construction...
Report on Bua bauxite mining presented in Parliament
A parliamentary report of the Standing Committee on Natural Resources has concluded that landowners of Nawailevu in Bua have received the full payment and fair share of royalties for the mining of the bauxite in their area. These landowners had claimed in a petition presented to parliament last...
'More protection with new bauxite-mining scheme,' says Pahang Environment Ministry
The new bauxite-mining scheme being finalised by the Natural Resources and Environment Ministry, Malaysia, will provide better protection for the people and environment, as well as ensure sustainability of the industry. Its minister, Datuk Seri Dr Wan Junaidi Tuanku Jaafar, said that at least three...
