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...
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Rio Tinto bauxite and alumina chief Phillip Strachan steps down
The man in charge of Rio Tinto's $US1.9 billion ($2.7 billion) bauxite expansion has left the company, as the miner's cost cutting drive continues to trim its executive ranks. Phillip Strachan had been Rio's chief executive of Bauxite and Alumina based out of Brisbane in recent years, but his role...
Alcoa celebrates one billionth milestone in bauxite mining
Alcoa’s workforce is celebrating an historic milestone after achieving one billion tonnes of bauxite mined, following 53 years of operation in Western Australia. President Alcoa Mining Garret Dixon saluted the hard work and tireless efforts of past and present employees who have worked across its...
Metro Mining extends takeover offer period for Gulf Alumina
Metro Mining has extended the takeover offer period for Gulf Alumina Limited by one month to the 15th March 2016. Metro’s offer opened on Christmas Eve 2015, and is progressing in parallel as the company rapidly advancing its own project. The details of the offer include: 3.3 Metro shares for every...
Hindalco said to face threat of Baphlimali mine closing
Hindalco Industries Ltd., India’s second- largest producer of aluminum, may have to halt mining at its biggest bauxite reserve after part of the land was recently deemed forest, requiring a new permit, people with knowledge of the matter said. The company needs to obtain approvals by 9 March and is...
Expert urges Malaysian govt to review three-month ban on bauxite mining
The long term damage caused by unregulated bauxite mining activities can negatively impact Malaysia's tourism sector, observed Prof Dr Ahmad Puad Mat Som dean of Faculty of Applied Social Sciences, University Sultan Zainal Abidin (UNISZA). "Bauxite mining has caused damages to the environment and...
Jamaican govt sees more benefits in processing bauxite locally
Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell, foresees an inevitable cessation in the export of bauxite, noting that there are more long-term benefits in having it processed here in Jamaica. Addressing stakeholders, delegates and leaders of trade unions representing...
Redwood City Port to boost bauxite ore imports
The Port of Redwood City Commission has approved expanding acreage use by International Materials Incorporated (IMI) for its handling of bauxite ore imports. IMI entered its initial lease agreement with the Port in 2010 for approximately a 2.4 acre paved open area next to the building occupied by...
Metro Mining readies export logistics at growing bauxite project
Metro Mining has further de-risked its developing export business profile by entering into a deal for the provision of transhipment services relating to the Bauxite Hills project in Queensland. The agreement with Bauxite Transhipment Services (BTS) will allow Metro to minimise capital expenditure...
Guinea miner Alufer to produce 5 mt of bauxite in 2017
Guinea-focused bauxite miner Alufer will produce 5 million tonnes of bauxite next year, the mines minister said on Monday, potentially boosting Guinea's output by more than a quarter. Guinea holds nearly a third of the world's reserves of bauxite, the metal used to make aluminium, and currently...
Jamaican govt says no compromise on Noranda bauxite levy
Jamaican government has rejected pleas to relieve St Ann-based bauxite company, Noranda, of its levy obligations in light of its declining profits. Minister of Finance and Planning Dr Peter Phillips told the House of Representatives yesterday that the Government would not compromise the 40-year-old...
French tycoon Xavier Niel buys stake in Guinea bauxite miner
French telecoms tycoon Xavier Niel's NJJ Capital has acquired a minority stake in Alliance Miniere Responsable (AMR), a Paris-based company developing bauxite reserves in Guinea, AMR said on Wednesday, 24 January. The stake, the size of which was not known, is the latest investment by one of...
Bauxite Resources updates on its quarterly activities and cashflow status
Bauxite Resources Limited (BRL) has recently announced its December 2015 quarterly activities and cashflow results. Following are the financial and operational highlights: - Cash at bank at 31 December 2015 was A$21.1 million and no debt. - Quarter exploration activities were minimal within the...
Nalco eyes 10% growth in bauxite output
Beating the slump in world aluminium market, National Aluminium Company (Nalco) is eyeing 10% growth in bauxite production by the close of this financial year. “By the end of 2015-16, the (bauxite) production is likely to be at the level of 6.3 million tonne (mt), a growth of 10%. Similarly, in...
Ghana seeks global investors for bauxite mining
A Principal Mining Officer at the Minerals Commission, Jerry Ahadzi has said that Ghana is in search for investors to exploit its bauxite and other mineral resources. These investors, according to him would also be expected to lead in the development of the entire value chain for these mineral...
Bauxite Resources announces completion of sale of Yankuang JV and buyback of shares
Bauxite Resources Limited advises that completion of the sale of BRL's interest in the Bauxite Alumina Joint Ventures ('BAJV'), and the Buy-back of all of Yankuang's shares in BRL, occurred this morning following BRL Shareholder approval of the transaction at the EGM held on 18th January 2016. The...
About 60% of bauxite waste affected areas cleaned up in Pahang
The state Fire and Rescue Department, Pahang, confirmed that about 60% of the bauxite waste affected areas has been cleaned up since the cleaning works began on January 14. Its director Datuk Abdul Wahab Mat Yasin said cleaning was expected to be completed earlier than the scheduled date on...
Metro Mining sees major profit hike in doubling bauxite plans
Metro Mining released results of a Pre-feasibility Study showing considerable benefits in increased production under an Environment Impact Statement process. Late last year the State Government requested Metro undertake an Environment Impact Statement - rather than the less onerous Environmental...
Environment Ministry re-issues APs for bauxite mining in Pahang
The Natural Resources and Environment Ministry has approved the re-issuance of Approved Permits (AP) for bauxite-mining near Kuanatan area in Pahang. Its minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the APs to be given back to the mining sites were to enable the relocation of the 70,000...
