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
New logistics regulations set to keep a tab on Pahang's bauxite operations
Lorries designed specifically to ferry bauxite and new rules for the transfer of the aluminium ore onto ships and barges are among new regulations proposed to keep bauxite industry operations in check in Pahang. Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said...
Government unlikely to give in to Noranda's bauxite levy waive-off demand
Against Noranda Aluminum Holding Corporation's recent decision to lay off a huge chunk of its workforce if the Government did not reconsider its plans to collect outstanding levy from them, Finance Minister Dr Peter Phillips, said the Government believes it can collect the revenues without...
Metro Mining secures native title and land access agreement
Metro Mining has finalised a significant life-of-mine Native Title and Land Access Agreement for its Bauxite Hills project, north of Weipa. In a release to the Australian Stock Exchange today, Metro Mining says the agreement, reached jointly with the Ankamuthi People, and the Old Mapoon Aboriginal...
First Bauxite announces extension agreement with note holders and issuance of US $11 mln note
First Bauxite Corporation is pleased to announce that it has entered into an extension agreement with its note holders to extend from January 19, 2016 to February 29, 2016 the maturity date in all the outstanding notes issued by the company to the Pacific Road Resources Funds and Resource Capital...
Expert says Malaysian bauxite industry needs a stricter system
The Government of Malaysia should draw up more stringent procedures for the industry during the three-month moratorium on bauxite mining, says geologist, Dr Habibah Jamil. Dr Jamil, who is also a part of the Science and Technology Faculty at Universiti Kebangsaan Malaysia, said it was vital because...
Hydro remains committed towards environmentally sustainable bauxite mining
The Research Council of Norway and the state of Pará in Brazil has agreed on a new research collaboration. The agreement is important for Hydro's research on biodiversity and forest rehabilitation after bauxite mining. In 2013, Hydro joined an extensive research collaboration (Biodiversity Research...
Australian bauxite aspirants struggle for traction amid bauxite boom
Mining development companies which are aspiring to make it big in the Australian bauxite market are struggling for traction despite Chinese imports of the aluminium ingredient rising 45 per cent in 2015. While industry giants like Alcoa and Rio Tinto are increasing their exposure to bauxite, the...
MD Simon Finnis updates on Metro's bauxite mining plans
Metro Mining MD Simon Finnis in a recent interview gave a detailed update on his company's upcoming bauxite mining development projects. According to the interview excerpts, Metro Mining increased its Cape York Direct Shipping Ore (DSO) bauxite resource base to 65.3 million tonnes. An 11.7 million...
Tasmanian bauxite mine suspends production after first shipment stalls
A new bauxite mine at Campbell Town in northern Tasmania has gone into care and maintenance after it failed to secure a buyer for its first shipment. Australian Bauxite began mining at Bald Hill early last year, in what is understood to be the country's first new bauxite quarry in 35 years. The...
Bauxite miners race to clear stockpiles at Kuantan Port
A substantial bauxite built-up is being apprehended on Kuantan Port’s land when a three-month mining ban kicks in at midnight overseeing January 15. Kuantan Port Consortium general manager Datuk Azahari Muhammad Yusof said lorries were now speeding in bauxite here at an average of 80,000 tonnes a...
Odisha CM bats for Karlapat bauxite mine lease to OMC
Odisha Chief Minister Naveen Patnaik today requested Union Mines Minister Narendra Singh Tomar to grant OMC (Odisha Mining Corporation) the lease and prospecting license of Karlapat bauxite mine. OMC has already applied for the lease of 1848 hectares of explored area and prospecting license for...
Nalco will get Pottangi Bauxite reserve: Tomar
Commending Indian aluminium major Nalco for its impressive performance despite economic slowdown and sluggish market, Union Steel and Mines Minister Narendra Singh Tomar today said the Navaratna PSU will soon get the Pottangi Bauxite reserve. "Nalco has already got Utkal D and E coal blocks and the...
Malaysia to ban bauxite mining for three months
Malaysia on Wednesday imposed a three-month ban on bauxite mining beginning later this month amid worries over its environmental impact, potentially affecting exports of the aluminum-making ore to Chinese smelters. Malaysia emerged last year as a major provider of bauxite after leading producer...
Noranda Bauxite's job-cut plans take union by surprise
Noranda Bauxite said yesterday that it had been in consultations with unions representing the workers as it prepares to cut jobs this month. The company said this move was in response to the major decline in the global price of aluminium and demand facing the industry. Noranda Bauxite said that...
Metro Mining nears major bauxite expansion as takeover advances
Metro Mining has received acceptance forms for 19.1% of Gulf Alumina as the company progresses an off-market takeover expected to benefit significantly from operational and developmental synergies through economies of scale. The majority of the acceptance forms have been received from Gulf’s...
Vedanta alumina refinery gets pollution board's nod for expansion
The Odisha Pollution Control Board (OPCB) has extended, for another five years, the consent to establish period for expansion of Vedanta alumina refinery project which is facing huge losses due to raw material shortages. The pollution board has extended the consent period till February 15, 2020 for...
Malaysia seeks to suspend bauxite mining after environmental scare
Malaysia is pushing to suspend bauxite mining due to concerns about its impact on the environment, a cabinet source said on Saturday, threatening to interrupt supply of the aluminium-making ingredient to China. The largely unregulated industry has grown rapidly in the last two years to meet Chinese...
Noranda awaits arbitrators’explanation regarding bauxite levy
In a December 18 Form 8-k filing to the US Securities Exchange Commission, Noranda Aluminium Holdings Company (NAHC) Limited said it is looking forward to an explanation by the United Kingdom- based arbitration panel which granted the government of Jamaica an increase in the levy paid on locally...
