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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China CWE's proposed $2bn dam in Guinea to boost expansion of bauxite processing
Guinea is in talks with China International Water & Electric Corp. to build a $2 billion hydro-power dam that would almost double the West African country’s energy output, providing new capacity for the expansion of bauxite processing, said Lansana Fofana, an energy ministry official. The...
East Hope to put online huge integrated aluminum project in 2016
East Hope Group will bring online its vertically-integrated aluminum project in Lingshi County, Shanxi Province, next year. The project covers 3 million-tpy aluminum hydroxide , 300,000-tpy primary aluminum, 300,000-tpy carbon, 300,000-tpy aluminum semis, etc., the media said. Shanxi is rich in...
Chalco and Shenhua Group to build 4 million-tpy alumina JV in Hebei
Chalco, China’s aluminum giant, recently inked an agreement with Shenhua Group to jointly come up with an alumina project in Hebei Province of North China. The project will be build in partnership with the the provincial government. The three parties have agreed to build the alumina project at...
Bauxite mining in Karlapat area to save Lanjigarh refinery faces opposition
Vedanta’s doomed Lanjigarh alumina refinery which has been facing severe bauxite ore shortage has little hope of survival as the efforts to mine bauxite from the proposed Karlapat area in Odisha’s Kalahandi district face opposition from tribal organizations like Lok Sangram Manch (LSM) and...
Metro Mining updates on Bauxite Hills environmental approval process
Metro Mining may be required to submit a full Environment Impact Statement for its Bauxite Hills project at Cape York, Queensland. On 10th August, the company lodged its Site Specific Environment Authority Application for the project with the Queensland Department of Environment and Heritage...
Odisha locals extend support to Vedanta's Lanjigarh refinery
A delegation of project affected people of Vedanta from the region met Mr. Abhijit Pati, CEO Vedanta Aluminium and urged him to continue with operations at Lanjigarh and to explore all possible options to avoid closure of the refinery as it will result in catastrophic consequences for the region....
Wainunu in Bua opens doors to bauxite mining
The vanua of Wainunu in Bua has agreed to bauxite mining. However, it has made its stand clear that proper preliminary work needs to be done first including an environment impact assessment report. Tui Wainunu Ratu Orisi Baleitavea confirmed the bose vanua of Wainunu (traditional leaders meeting)...
Outotec inaugurates dewatering technology centre in Finland
Outotec has established a dewatering technology centre in Lappeenranta, Finland to develop new products, processes and services for solid-liquid separation and raw material reuse for the entire life cycle of processing plants. Tailings are the materials left over after the process of separating the...
Indian govt. delegation visits Huntley’s bauxite mines, seeks Australian collaboration
Union Minister of Steel and Mines, Shri Narendra Singh Tomar met Western Australian Premier, Mr Colin Barnet in latter's office in West Perth, Australia, last week Friday. Tomar is leading a delegation of the Indian mining industry to Sydney for Asia Pacific Mining Exhibition (AIMEX) 2015, one of...
Indonesia sticks to bauxite export ban to force develop smelters and create jobs
In an effort to add value to the country’s mineral resources and more importantly to create jobs Indonesian government has decided not to relax its ban on export of bauxite and other minerals in its upcoming stimulus policy package. This is significant because the ban has already cost Indonesia,...
Saudi unveils plans to develop bauxite mining projects with US mineral giants
Saudi government recently unveiled a series of giant investment and partnership plans in sectors including oil and gas, mining, civil infrastructure, and banking as a part of a 21st century vision of the cooperation with its long-term ally the United States of America. The vision was presented by...
Terengganu freezes new applications for bauxite mining in Kemaman, Malaysia
No approval is being given to any party willing to undertake bauxite mining in Terengganu as the state government has frozen all new applications at the moment. Mentri Besar Datuk Seri Ahmad Razif Abdul Rahman said bauxite mining in Kemaman caused serious pollution problems. He said the freeze...
Vedanta CEO meets Odisha CM for urgent allocation of bauxite mine
Vedanta's chief executive officer (CEO) Tom Albanese urged Odisha chief minister Naveen Patnaik last Thursday to arrange for bauxite for its dying one million tonne per annum (mtpa) Lanjigarh refinery in Kalahandi district as soon as possible. The CEO also officially intimated the company's...
Vedanta urges Odisha government to secure bauxite for refinery survival
Vedanta, on Thursday September 3, urged the Odisha government to secure bauxite in order to make its Kalahandi-based refinery survive against all odds in the international aluminium market. "Our submission before the state government is very clear. We have told them...Please secure bauxite as early...
Metro Mining completes $3.6M entitlement issue
Metro Mining has closed a 3.6 million non-renounceable entitlement issue to complete the Bankable Feasibility Study for its Bauxite Hills Project at Cape York Queensland. It received subscriptions for 12670171 shares priced at 0.08 or 28.3% of all shares offered under the 1 for 7 offer. The...
Odisha Mining Corporation to fast track bauxite mining to rescue Vedanta refinery
In its bid to rescue Vedanta's alumina refinery at Lanjigarh, the Odisha government has put its mining PSU Odisha Mining Corporation (OMC) on the job to start mining from Karlapat mines at the earliest. Timelines have been set to achieve different critical milestones to commence bauxite mining from...
Vedanta CEO to meet Odisha CM to request for bauxite mines
Tom Albanese, Chief Executive Officer, Vedanta Resources Plc, is scheduled to meet Odisha Chief Minister Naveen Patnaik on Thursday to request for making bauxite available to the company's Lanjigarh alumina refinery that is otherwise headed for a shutdown. The company has said repeatedly in the...
First Bauxite Corporation announces filing of quarterly financial statements
First Bauxite Corporation announced that it has filed its unaudited quarterly financial statements and management's discussion and analysis for the period ended June 30, 2015. First Bauxite Corporation, a natural resources company, is engaged in the acquisition, exploration, and development of...
