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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Emirates Global Aluminium sees Guinea feasibility study ready by Q1 2016
Emirates Global Aluminium (EGA) expects to complete a feasibility study for its bauxite mine and alumina refinery project in Guinea by the first quarter of next year, its chief executive said on Sunday, November 15. "We are already in, we just need (to know) how much we are going to budget, how...
Bauxite mining crucial for the State: AP Govt readies to convince the locals
Bauxite mining in Andhra Pradesh Vishakha Agency area remains a jinxed issue as tribals continue with their protests against State government’s initiative to unlock the state’s mineral development potential. However, N Chandrababu Naidu’s government seems to be doubly determined on this issue and...
Andhra Pradesh Cabinet to take final call on bauxite mining
Despite a Government Order having been issued for resumption of bauxite mining in forest land in Visakhapatnam district, a final decision on it will be taken at an Andhra Pradesh Cabinet meeting next week, state Minister Ganta Srinivasa Rao today said. "Though GO 97 (for resumption of bauxite...
Metro Mining’s Bauxite Hills Project aims to meet growing global demand for bauxite, particularly in China
Metro Mining's Bauxite Hills Project is located 5km south-east of the port at Skardon River and 95km north of Weipa in Western Cape Rock, North Queensland, Australia. The project is proposed to be developed with an estimated investment of A$33.9m (approximately $24m). The pre-feasibility study...
Australian Bauxite signs offtake agreement with Rawmin Mining and Industries
Australian Bauxite Ltd (ABx) has finalised an offtake agreement with Rawmin Mining and Industries Pvt Ltd of Mumbai, India. The agreement, which covers all bauxite produced by ABx out of Tasmania and runs five years, provides for Rawmin to buy 4.7 million wet metric tonnes of bauxite commencing...
Nalco to engage transaction advisor for merchant mining
Aluminium major National Aluminium Company (Nalco) would soon appoint a transaction advisor to decide the modalities of its proposed foray into merchant mining. "We have decided to foray into merchant mining to tap the huge potential offered by a mineral rich state like Odisha. Nalco is gong to...
Pahang bauxite operators to foot the bill for Adherex 120 red dust-control technology
Malaysia Pahang's bauxite operators will have to foot the bill once the state government decides to adopt the ore dust control agent known as Adherex 120. The state government was yesterday given a demonstration of the product, which aims to cut down on the 'red dust' phenomenon which has hit the...
China makes breakthrough in bauxite flotation technology
China's Zhengzhou Mineral Utilization Research Institute has been awarded national intellectual property for its invention of inhibitor that effectively separates diaspore from silicon-containing substances. Diaspore is one of the three component minerals of the economically important aluminum ore...
Andhra government to divert land for bauxite mining
The Government of Andhra Pradesh, India, has decided to divert 1,212 hectares in Chintapalli and Jerrila reserve forest in Narsipatnam division for bauxite mining. In a decision that could trigger agitations in the agency areas of Visakhapatnam, the State government has approved mining lease for...
Aurum Exploration (Fiji) anticipates bauxite shipment
In the wake of global economic slowdown and aluminium price decline, which have severely affected demand, bauxite shipments to China have been reported to have come to a standstill. But, Aurum Exploration (Fiji) Ltd's executive Derek Qiu said they were anticipating a shipment before the end of the...
Metro Mining outlines its Bauxite Hills project operation plan
Metro Mining announecd feasibility study results of its Bauxite Hills project in Queensland. Based on the analysis, which indicated at a healthy production over a 25+ year life with modest costs and a tight payback period, the company valued the project at A$235 million. Definitive Feasibility...
Two huge bauxite deposits discovered in China's Guizhou
Guizhou provinces in China recently announced the discovery of two new bauxite deposits. Preliminary studies suggest, bauxite reserves at one deposit in Zheng'an County are 20.98 million tones (mt), while at another deposit in Wuchan County, bauxite reserves stand at 33.24 mt. Bauxite reserves in...
Chhotanagpur Bauxite Union holds Annual Meet
The annual meet of India's Chhotanagpur Bauxite Union was observed at town hall in the head of district president Vakil Khan. In the meet, Rajya Sabha member-cum-secretary of the union Dheeraj Prasad Sahu and chairman of Scheduled Tribes commission Rameshwar Oraon were present. On the occasion,...
Kuantan MP seeks government intervention in bauxite export suspension issue
The federal government of Malaysia needs to step in and suspend all licenses issued to export bauxite from Pahang until it can implement regulations to deal with the allegedly rampant pollution caused by the industry, Kuantan MP Fuziah Salleh said today. The PKR lawmaker claimed that everything...
First Bauxite Corp announces Private Placement and rollover of existing debt
First Bauxite Corporation is pleased to announce a non-brokered private placement to Resource Capital Fund VI L.P. of an aggregate of US$15 million principal amount secured convertible notes bearing 8% interest and maturing August 1, 2017 to close in two tranches, the first of which closed today...
Bauxite mining in Bua continues, two more sites being explored
Bauxite mining in Fji's Bua province has not ended and other prospective sites are being explored for possible deposits. This was confirmed to members of the Parliament Standing Committee on Natural Resources by Department of Mineral Resources director Malakai Finau. Mr Finau said although the...
Bauxite Resources reports reduced mining activities in quarter ended Sept 30
Bauxite Resources Limited has recently announced its September 2015 quarterly report. During the quarter, exploration activities were significantly reduced while the dispute with Yankuang was under mediation. The result of that mediation was announced to the market on 21 October 2015. Bauxite...
Odisha pitches for Pottangi bauxite mines allocation for Nalco; fresh bid for Niyamgiri on cards
Indian aluminium major National Aluminium Company (Nalco) has inched closer in its bid to bag the Pottangi bauxite deposits with the Odisha government writing to the Union mines ministry to allocate the mines in favour of the central PSU. "We have already written to the Centre to allocate Pottangi...
