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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Odisha govt to auction more bauxite mines in 2016
Odisha's economy has experienced a setback following revenue cuts by the Central government. This has affected, in turn, revenue generation from the state's mining sector. Even though revenues from iron ore and bauxite mining in India's mineral-rich coastal state increased during 2015-16 fiscal...
Guinea's president names mining executive as new prime minister
Guinea President Alpha Conde named mining executive Mamady Youla as prime minister on Saturday as part of a strategy to revive the West African nation's ailing economy, the government announced. Guinea is a major producer of bauxite, an aluminium ore, but growth has been hamstrung by a slump in...
Uncertainty looms over Anrak Aluminium's INR 7,000 cr alumina refinery
A big question mark hangs over the future of Anrak Aluminium's Rachapalli alumina refinery located in Makavarapalem Mandal, about 90-km from Vishkhakhapatnam. With the Andhra Pradesh Government announcing the cancellation of the bauxite supply agreement that it had with Anrak Aluminium Limited, the...
Malaysian bauxite rush brings wealth, and worries
Malaysian farmer Surin Beris’s palm plantation has been razed and bulldozers are tearing into its red soil, releasing potentially hazardous dust into the environment - yet he couldn’t be happier. Surin, 67, is reaping a windfall from a modern-day gold rush in Malaysia’s sleepy rural state of Pahang...
Andhra Govt scraps GO 222; Mining Dept awaits rules for bauxite extraction
N. Chandrababu Naidu, Chief Minister, Andhra Pradesh announced Tuesday that the GO 222, issued during the Congress rule for supply of bauxite ore to Anrak Aluminium would remain scrapped. During 2007, when the late Y.S Rajasekhara Reddy was in power, an agreement was signed between Anrak Aluminium...
Decision to allow bauxite mining after public debate: CM, Andhra Pradesh
Asserting that his government would not go against the interests of tribals, Andhra Pradesh Chief Minister N Chandrababu Naidu today said a decision on allowing bauxite mining in Visakhapatnam region would be taken after a thorough public debate. Speaking on the issue in Legislative Assembly, he...
Noranda Bauxite workers await massive job cuts in January
Noranda Bauxite Company, Jamaica, is considering massive job cuts at their in St Ann bauxite mining site come early next year. More than 30 per cent of employees could be out of a job due to this move. It is reported from reliable sources that the company is planning this redundancy exercise when...
Jamaican govt wins bauxite levy victory over Noranda
Minister of Science, Technology, Energy and Mining (MSTEM) Phillip Paulwell said today that the Jamaican government has secured a victory in a dispute with Noranda Bauxite Limited (NBL) a subsidiary of Noranda Aluminium Holding Corporation which operates in the island. Arbitrators decided that...
High-grade bauxite deposit unearthed in Queensland
AIM listed IronRidge Resources has discovered a high-grade Direct Shipping Ore bauxite deposit in Queensland, Australia. IronRidge said its 16 sq km licence at its Monogorilby project where the deposit has been unearthed had the potential of becoming a new mineral hub with significant scale...
Analysis: What will China’s bauxite mining deal mean for Guinea’s environment?
“The cooperation project not only created jobs for young people but brings business opportunities to Guineans,” chirped Kassory Fofana, Minister of State at the Chinese President’s office, as the first cargo ship containing 170,000 tons of bauxite arrived at China’s Yantai Port from Boke Port,...
‘No ambiguity on bauxite mining issue,’ says Tribal Welfare Minister, AP
Minister for Tribal Welfare, Social Welfare and Empowerment Ravela Kishore Babu on Sunday hit out at the opposition party leader for criticising the State government’s stand on bauxite mining and claimed that the government would not do anything against the wishes of the tribal people in the...
First Bauxite Corporation gets mining licence extended
First Bauxite Corporation announced today that the Government of Guyana (GoG) has granted a two-year extension to the construction commencement date under the Bonasika Mining Licence from January 31, 2016 to January 31, 2018. In addition, the GoG may grant a further one year extension to January...
Bauxite Resources receives SASAC approval for sale of Yankuang interest in JV
Bauxite Resources Limited has been advised that State-Owned Assets Supervision and Administration Commission of the Peoples Republic of China ("SASAC") approval, which was one of the conditions of the agreements with Yankuang Resources Pty Ltd (Yankuang) and Yankuang Group Company Ltd ('YGL')') for...
Pahang to decide on bauxite mining by the year end
Putrajaya and the Pahang government will announce a plan for dealing with bauxite mining activities in the state by the end of this month, Menteri Besar Datuk Seri Adnan Yaakob said yesterday. "The state government and the Ministry of the Natural Resources and Environment will make an announcement...
Metro Mining enhances intended takeover offer for Cape York Gulf Alumina
Metro Mining has enhanced bulk export prospects for its bauxite holdings on Queensland’s Cape York Peninsula with the definition of expanded direct shipping ore (DSO) resources. This follows immediately on Metro’s proposed takeover of Gulf Alumina, a potentially game-changing acquisition which...
Rio Tinto to go ahead with $1.9 bln bauxite expansion
Rio Tinto expects to produce 2.8 million tonnes of bauxite a year and replace the output from the depleting East Weipa mine. It slashed its budget for major projects to roughly $5.5 billion for 2015 from more than $17 billion three years ago. The project also provides further expansion options...
Rio Tinto delivers productivity gains and cost savings in aluminium
Rio Tinto will today provide an update on the significant progress being made on costs and productivity in its Aluminium business and unveil further detail on the recently approved Amrun bauxite project which positions Rio Tinto as the industry-leading supplier of bauxite. By the end of 2015, the...
Chinese firm to start constrution of Bintan aluminium smelter in January
Another Chinese firm is all set to start building its smelter come January. Shandong Nanshan Aluminium, China's second-largest aluminum producer, has been reported to be mulling over construction on its $2 billion manufacturing complex in Bintan, Riau Islands, early next year. The company is set to...
