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 put only two mines for auction
The Odisha government would put only two mines for auction in the first phase even as it had identified 12 blocks for open bidding in the state. "Two mines like Ghoraburahani-Sagasahi East Iron Ore Block and Jhunka-Patriposi block, will be put for auction in the first phase," state steel and mines...
Vishakhapatnam bauxite mining logjam: Tribal JAC seeks withdrawal of GO
After the Left Parties voiced their opposition against proposed bauxite mining in Andhra’s Vishakha Agency area, it is now the leaders of the Tribal Joint Action Committee (JAC) who are up against government’s initiative to unleash the mineral development potential of the state. They have demanded...
MP requests for stop-work order for bauxite mining during monsoon in Kuntan, Malaysia
Kuantan MP Fuziah Salleh wants the Pahang state government to issue a stop-work order for bauxite mining before the monsoon floods hit the state. She claimed four hours of rain in the early hours of Sunday had caused the retention wall of a bauxite cleaning pond in Bukit Goh to burst, and the water...
Metro to make takeover offer to Gulf Alumina transaction to create leading independent Cape York Bauxite Company
Brisbane based Metro Mining Limited will make a takeover offer for unlisted Cape York mining company Gulf Alumina Limited. Gulf Alumina holds tenements adjacent to Metro Mining’s Bauxite Hills Project, 95kms north of Weipa. Metro Mining CEO Simon Finnis says his company has already secured 20% of...
TasRail missing out on revenue due to bauxite mine's slow start
Tasmania's state-owned rail operator is missing out on revenue as the operator of a new bauxite mine near Campbell Town fails to find buyers. During government business scrutiny hearings, TasRail management revealed Australian Bauxite had fallen far short of supplying its contracted volumes for...
Bauxite Resources signs final agreements with Yankuang for sale of JV interest
Bauxite Resources Limited (BRL) advises the final agreements were signed with Yankuang Resources Pty Ltd and Yankuang Group Company Ltd on Monday, November 30th for the sale of Bauxite's interest in the Bauxite-Alumina Joint Venture, and the buy-back of Yankuang's shares. The transaction is...
EGA co-hosts ICSOBA 2015 in Dubai
The International Committee for Study of Bauxite, Alumina and Aluminium ("ICSOBA") and Emirates Global Aluminium (" EGA ") will collaboratively host the 33rd ICSOBA Conference and Exhibition in Dubai from 29 November to 1 December. Formed in 1963, ICSOBA's main objective is to promote the exchange...
Cairns businesses stand to benefit from $2.6bn bauxite project at Weipa
Cairns businesses have been urged to ensure they are competitive to seize the opportunities offered by a $2.6 billion bauxite mine expansion on Cape York. Rio Tinto on Friday, November 27, gave board approval of the long-awaited Amrun bauxite project, formerly known as South of Embley, at Weipa....
Metro Mining in trading halt over pending acquisition
Australian Securities Exchange (ASX) has granted a trading halt to Metro Mining, pending details in connection with a potential material acquisition by the company. Metro Mining recently delivered an extensive Definitive Feasibility Study for its wholly-owned Bauxite Hills project located in Cape...
Rio Tinto approves US$1.9 billion Amrun bauxite project
Rio Tinto will expand output from one of the world’s premier bauxite deposits following approval of the $1.9 billion Amrun project. Amrun involves the construction of a bauxite mine and associated processing and port facilities on the Cape York Peninsula in north Queensland. The planned initial...
CM Naidu releases white paper on bauxite mining in Visakha Agency
Andhra Pradesh Chief Minister Chandrababu Naidu’s remarks after releasing a white paper on bauxite mining in the Visakha Agency areas on Tuesday leave room for the Government to go ahead with its GO No. 97 which facilitates bauxite mining in the Jerrela area. Without acknowledging the protests by...
Rio Tinto's $1 billion-bauxite expansion plan awaits appoval
Rio Tinto is poised to approve its long-stalled $1 billion (£661 million pounds) South of Embley bauxite expansion project as early as this week, said a review report published today. The Anglo-Australian miner expects the return on the project in Weipa in Australia's Queensland state to be...
Andhra Pradesh CM pushes for mining of bauxite
In what appears to be a renewed attempt to revive the controversial bauxite-mining in the Agency area of Visakhapatnam district, chief minister Chandrababu Naidu on Tuesday said the mineral should be utilised to better the lives of lakhs of underprivileged people and propel growth of the residuary...
Bauxite mining in Visakhapatnam mired in controversies
Bauxite mining issue in the dense hilly terrains of Visakhapatnam has witnessed several twists and turns ever since the powers-that-be allowed a Dubai-based company to make an aerial survey of bauxite blocks in the region in 2001. Each time the move had triggered a ruckus those in power have...
Fiji government approves bauxite mining lease among five other projects
Five mining leases have been approved by the Fiji government. Director of Mineral Resources Malakai Finau says out of the five, only two are currently operating at the moment and that is the Bua bauxite mine and the Vatukoula Gold mine. More than 1 million tonnes of bauxite have been exported so...
Andhra Pradesh CM indicates bauxite mining decision still open
Chief Minister of Andhra Pradesh, Chandrababu Naidu on Thursday assured a Left party delegation here that tribal people would be consulted before a final decision was taken on bauxite mining in the Agency areas of Visakhapatnam. He told the political leaders that the decision would depend on the...
Uncertainty hovers around alumina refinery projects in AP
Uncertainty hovering around the State government’s stand on bauxite mining for a decade or so are sending wrong signals to the efforts to showcase Andhra Pradesh as an investment destination, say investors. The State signed a Memorandum of Understanding (MoU) with Jindal South West Aluminium...
Guinea bauxite unloaded at Yantai Port
A cargo ship from Guinea unloaded 170,000 tons of bauxite from Guinea at Yantai port on Monday, establishing China's first bauxite transportation line connecting Guinea mines with Chinese consumers. Kassory Fofana, minister of State at the President's office was at at the unloading ceremony at...
