Alcoa prices $2.6b senior notes for South32 bauxite, alumina and aluminium deal
Alcoa Corporation has set the price for a USD 2.6 billion senior notes offering to help finance the cash consideration for its proposed acquisition of South32’s bauxite, alumina, and aluminium assets . Along with the cash on hand, this debt is expected to provide permanent funding for the...
Rio Tinto adds Aurukun's 8 tpa bauxite opportunity to growing Cape York pipeline
The acquisition gives Rio Tinto control of a major undeveloped Cape York resource as it expands its existing Weipa operations and advances new mining areas. Rio Tinto is expanding its Cape York bauxite portfolio by acquiring the Aurukun bauxite project from Glencore and Mitsubishi, adding a...
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Odisha government lists bauxite reserve for auction
The Government of Odisha has included one bauxite reserve (Ballada in Koraput district) among the list of 12 mines to be auctioned in the first phase. Earlier, the state government enlisted only iron ore, manganese and limestone mines for auction. The move assumes significance as Vedanta Limited...
List of bauxite mines on auction pruned by Indian government
The list of aluminium ore mines to be auctioned has been pruned. The revised list contains much lesser number of bauxite mines than what was decided earlier. It is quite a setback for the Indian aluminium industry. Against the plan to auction about 90 major mineral mines in 2015-16, the mines...
Hydro enters LoI with Vale to raise MRN ownership to 45%
Hydro has signed a Letter of Intent (LoI) with Brazilian mining company Vale for the possible acquisition of Vale's 40 % interest in Brazilian bauxite producer Mineração Rio do Norte (MRN), which would strengthen Hydro's global position as a long player in bauxite and alumina. An eventual agreement...
Chinese consortium's initiative to source Guinea bauxite will sideline India
The US$ 200 million worth bauxite mining project that Singapore-based Winning International Group has planned to start in the Boke region of western Guinea of Africa, through its formed consortium will sideline traditional suppliers like India, Australia, and Indonesia. Winning plans to export 30...
Singapore’s Winning International invests US$200 million in bauxite mining in Africa
Singapore-based Winning International Group (Winning) has invested USD 200 million in a bauxite mining project in the Boke region of western Guinea of Africa, through its formed consortium. The company along with its consortium partners- Weiqiao Pioneering Group, headquartered in China’s Shandong...
Stricter rules on bauxite mining planned in Terengganu, Malaysia
Government of Terengganu, the sultanate and constitutive state of federal Malaysia, intends to be more stringent on bauxite mining to prevent environmental pollution, Menteri Besar Ahmad Razif Abdul Rahman said recently. He said new conditions on mining permits would be announced after the state...
Glencore - Queensland Govt's preferred developer for Aurukun bauxite mine
A consortium seeking to mine rich bauxite deposits in Aurukun, in far north Queensland, is urging the State Government to reconsider its bid, amid growing uncertainty about Glencore's future. Glencore is the Government's preferred developer but the multinational's share price plunged 30 per cent...
IMO's sub-committee on CCC meets to discuss bauxite liquefaction
The IMO’s Sub-Committee on Carriage of Containers and Cargoes (CCC) recently met to discuss, among other issues, cargoes which may liquefy, in particular, bauxite and coal. Following the sinking of the Bulk Jupiter which was carrying 46,400 tonnes of bauxite and the loss of eighteen lives earlier...
Glencore share plunge casts doubt over future of Aurukun bauxite mine
The shock collapse of Glencore's share price this week has cast doubt over the future of a bauxite mining project in remote Far North Queensland. Shares in the Swiss-based commodities giant plunged 30 per cent on Monday, September 28 after an investment bank warned its stock could become...
Odisha backs L&T bid for bauxite deposits, sends DGPS report
Engineering giant Larsen & Toubro's (L&T) bid to secure Kutrumali and Sijimali bauxite deposits has got a major breakthrough with the Odisha government sending the DGPS (Differential Global Positioning System) survey report on the mines to the Union mines ministry. "The Centre had asked for DGPS...
Mining Act review to determine royalty shares of landowners in Fiji
Landowners of Fiji's first bauxite mine at Nawailevu in Bua are yet to get their fair share of royalty because a formula to determine it will be part of the review of the Mining Act. And until that happens, royalties will be held in trust by Government. This was clarified by Lands Minister...
Nalco to start coal mining, increase alumina and bauxite production - CMD
The public sector National Aluminium company limited (NALCO) has planned to increase the existing metal, alumina and bauxite production and start a coal mining. Disclosing this at the 34th annual general body meeting of the company today NALCO CMD T K Chand said the value-chain has shifted in...
Metro Mining to seize benefits of upgraded mining approvals
Metro Mining says a decision by the Queensland Department of Environment and Heritage Protections (DEHP) requiring a full Environmental Impact Statement (EIS) for its Bauxite Hills Project is a setback but will provide considerable side benefits. Metro Mining had submitted a detailed application...
OMC writes to environment ministry seeking guidance on Niyamgiri bauxite deposit
The Odisha government hasn't quite relinquished its right to mine the controversial Niyamgiri bauxite deposit, originally identified to supply ore to Vedanta Resources' nearby alumina refinery. State-owned Orissa Mining Corporation (OMC), which was granted mining rights for 30 years in 2004, has...
Guinea banks on top-quality bauxite to spur economic growth
Bauxite mined by Guinea’s biggest producer Compagnie des Bauxites de Guinee- a company owned by io Tinto Plc, Alcoa Inc., Dadco Alumina & Chemicals Ltd. and the government, has been the country’s steadiest source of income since it first produced the ore forty years ago. The company is all set to...
Centre to hold mines auction on behalf of Indian states from November
In a bid to fast-track mineral extraction, the centre will conduct auction of mines bearing minerals such as iron ore, bauxite and limestone on behalf of states for the first phase starting November this year. In phase I, the 12 mineral-producing states have identified 80-90 blocks that will go...
Wider consultations soughted for proposed bauxite mine in Wainunu
The Bua Urban Youth Network has called for wider consultations for the bauxite mining in Wainunu district. A release from the group stated that landowners should, by right be consulted and given the necessary information to ensure their consent is informed. "This also means that landowners and...
Problems galore for Vedanta's Lanjigarh refinery
Vedanta's decision to close its loss-making Lanjigarh refinery is triggering varied reactions across the state. While on one hand Union ministry's recommendation to grant mining lease (ML) over Karlapat bauxite mines to feed the dying refinery stands thwarted in the face of opposition from the...
