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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IMO Sub-Committee on CCC updates on carriage of bauxite that may liquefy
At a recent meeting of the IMO Sub-Committee on the Carriage of Cargoes and Containers (CCC), submissions from the lost bulk carrier’s flag state, the Bahamas, were considered. Although the cargo had been declared as a Group C cargo under the IMSBC Code, the vessel’s flag state advised that the...
Australian Bauxite finally gets EFIC finance facility
Australian Bauxite Ltd has concluded a finance facility with EFIC, Australias export credit agency. The facility will provide Australian Bauxite financial assistance to meet transport costs associated with its initial bauxite shipments. Ian Levy, CEO at Australian Bauxite, said: "Efics facility...
GSI to assess bauxite deposits existing in Chhattisgarh’s Damchun block
The Geological Survey of India (GSI) will be making an assessment of bauxite ore deposits existing in Damchun block of Balrampur district in Chhattisgarh. Notably, Chhattisgarh accounted for 6.07 per cent of the total bauxite production in the country in 2013-14, as per the annual report of the...
Left-wing extremism halts India's hopes for bauxite project
India’s plans to develop the first bauxite reserves since the early 1980s has been threatened by a sudden rise in ultraleft-wing extremism opposing the project in the southern Indian province of Andhra Pradesh. Local government officials said armed ultraleft-wing extremists active across forested...
Norsk Hydro reports record bauxite production in Q3
Hydro's underlying earnings before financial items and tax declined to NOK 2,215 million in the third quarter from NOK 2,667 million in the second quarter of 2015. Weaker alumina and aluminium prices and premiums weighed on results, while strong rolled products sales and record bauxite production...
House approves CDF withdrawal for bauxite projects in Jamaica
The House of Representatives, Kingston, Jamaica, approved the withdrawal of $406.5 million from the Capital Development Fund (CDF) to finance the bauxite development programmes. Minister of Finance and Planning, Dr Peter Phillips, informed that $200 million will go to the Jamaica Bauxite Institute...
Bauxite Resources Limited signs MOU with Yankuang
Representatives of Bauxite Resources Limited, Yankuang Resources Pty Ltd (Yankuang), and Yankuang Group Company Ltd ('YGL')'), on 21 October 2015, signed a non-binding memorandum of understanding (MOU) recording that they have negotiated a number of proposed transaction documents which, if approved...
Bauxite Resources to reveal corporate transaction
Bauxite Resources has lifted the anticipation factor requesting a trading halt in relation to a proposed corporate transaction. The company requested the halt in trading of its shares until 23 October. Bauxite Resources is involved in bauxite exploration in the Darling Range which is the largest...
CMDC to offer bauxite deposit at Narmadapur, India
The Chhattisgarh Mineral Development Corporation (CMDC) has started looking for contractors for mining and marketing of bauxite deposit at Village Narmadapur village at Mainpat in Surguja district of Chhattisgarh. Notably, CMDC had been sanctioned mining lease for mineral bauxite in village...
Aurum Exploration Fiji delays shipment as global demand of bauxite falls
The 70,000 tonnes of bauxite worth $1.4 million remains stockpiled in Nawailevu, Bua. Aurum Exploration (Fiji) Ltd executive Derek Qiu confirmed there were no plans to ship the ore as global demand for it was still low. "The stockpile remains there and is still 70,000 tonnes as work progress slows...
Canada's First Bauxite still hunting for financing its Bonasika mining venture
Canada’s First Bauxite Corporation is yet to find a source to finance its proposed bauxite mining project at Bonasika. The delay has posed a major impediment in the start of construction of the mine. “They still looking for financing, it’s very difficult now,” said Commissioner of the Guyana...
Production from Guinea's Alufer bauxite mine delayed until 2017
Operations at Guinea’s Alufer Bel-Air bauxite mine experienced a setback as its extended negotiations with the government pushed back production at the site by a year to 2017. The independent miner had earlier announced its plans to invest around USD 400 million to develop the Bel-Air open-pit mine...
Odisha wants Niyamgiri gram sabha polls again to revive bauxite mining
To revive the beleaguered Niyamgiri bauxite mining project in south Odisha, the state government has written to the Union ministry of environment and forests, proposing that gram sabhas in the area be again polled for approval. The mining plan was scrapped two years earlier, after all 12 gram...
Rio Tinto sustains strong performance in bauxite
Rio Tinto releases strong third quarter production results despite the bearish situation in the commodity market. Rio Tinto chief executive Sam Walsh said “We continue to deliver efficient production, rigorous cost control and sound allocation of capital. This approach is ensuring that our tier one...
Bauxite mining to help boost Malaysia's Tanah Makmur earnings
Bauxite mining is expected to help sustain Malaysia's Kuantan-based Tanah Makmur’s earnings in spite of lower net profit from its other business in the near term. Some 1.2 million tonnes of bauxite were discovered on Tanah Makmur’s KotaSAS township land banklast year, The company started mining the...
Bauxite Resources Limited circulates Annual Report 2015 among shareholders
Bauxite Resources Limited published its Annual Report 2015. During the year the company focused on trying to resolve the current impasse on the development of the Felicitas deposit with its joint venture partner Yankuang Resources Pty Ltd. At the same time the company took a staged approach to the...
Alcoa gets government approval for bauxite export
Alcoa could begin shipping bauxite to potential customers in Asia early next year after the State Government approved the trial export of up to 500,000 tonnes of raw ore. Alcoa has for some time been exploring the possibility of joining Rio Tinto in exporting raw bauxite ore from Australia, sending...
Another bauxite mine allocated to Nalco post Panchpatmali
Four days after recommending first renewal of Panchpatmali bauxite reserve in favour of Nalco, Odisha chief minister Naveen Patnaik has approved a proposal to allocate another bauxite mines in favour of the aluminium major, official sources said. With the state government recommending Nalco's name...
