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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Vedanta re-approaches Odisha Govt for bauxite mines
In an attempt to avoid the posssible closure of Lanjigarh plant where operations have been badly hit due to unavailability of bauxite, KK Dave, chief operating officer (COO) of Vedanta Aluminium Limited (VAL) met Odisha Steel and Mines Minister Prafulla Mallick at the state secretariat on Saturday...
Andhra government determined to go ahead with bauxite mining
Despite protests coming in from Girijans living in the Vishakha Agency and political parties in opposition in the state, Andhra Pradesh government seems insistent on going ahead with the bauxite mining projects in the Agency area in Vizag and East Godavari districts. In a recent development, the...
Mine auction in India may start by October-November
Mineral-producing states are expected to begin auction of mines bearing minerals such as iron ore, bauxite and limestone by October and November, Steel and Mines Minister Narendra Singh Tomar reportedly said. "I have spoken to all the Chief Ministers of the mineral-producing states, and the process...
Early clearances must before auctioning of mines: FIMI
With mineral-producing states expected to start auction of mines bearing minerals such as iron ore, bauxite and limestone by October and November, Federation of Indian Mineral Industries ( FIMI) urged the Centre to ensure that all approvals including forest and environment clearances should be put...
India's total mineral production valued at INR 18194 crore; Gujarat- largest bauxite producer
As per the annual report of the Union Ministry of Mines, Gujarat has the largest 32.41 per cent share in bauxite production followed by Jharkhand which has 10.53 percent share and Maharashtra standing at 9.51 per cent. Chhattisgarh is accounted for 6.07 per cent of the total Bauxite production in...
Glencore to proceed with bauxite mining project in Aurukun, Cape York
The Minister for Natural Resources and Mines, Anthony Lynham has confirmed the competitive bid process to mine a bauxite lease in Aurukun will not be reopened. Dr. Lynham told at an open community meeting of about 30 people in the Cape York community on Saturday the Swiss company Glencore would...
Orient Abrasives rises on getting nod for enhancement of Bauxite Mineral production capacity
Orient Abrasives (OAL), the largest producer of calcined and fused products in India, has received clearance from the Ministry of Environment, Forests and Climate Change, for enhancement of bauxite production capacity at their Kothariya bauxite mine and the Nandana I bauxite mine at Kalyanpur,...
Pro Fin Capital to increase stake in TERA
Pro Fin Capital Services Ltd., the leading financial solutions and services provider has intimated the Bombay Stock Exchange (BSE) that it has decided to acquire 80 per cent of the equity capital of Tera Natural Resources and Pellets Private Limited (TERA) in due course. TERA, the bauxite mining...
Nalco seeks immediate Pottangi bauxite mine lease
The chairman and managing director of National Aluminium Company (NALCO) P K Chand urged upon Odisha government to grant the lease of Pottangi bauxite mine on an immediate basis. He put emphasis on the fact that the mine was direly needed by the Navaratna PSU in order to expedite its expansion...
Felda settlers apply for bauxite mining to guard their interest
Some 263 residents and Felda Bukit Goh settlers submitted their application letters to the state government to seek approval for bauxite mining on their land. Bukit Goh Bauxite Problems Coordinating Committee chairman, Datuk Dr Abd Wahid Abd Manap, representing the settlers, handed over the...
Iran and Guinea resurrects 25-year bauxite plan
Iran and Guinea have resurrected a deal to extract bauxite in the African country after a delay of 25 years and ship it to the Middle East for aluminum production. The project, worth $505 million, includes production for three years over 5,684 square kilometers with combined reserves of 600 million...
Govt of India seeks clarification on L&T mines lease recommendation
Government of India has sought more clarification from the Odisha government on its recommendation to grant mining lease (ML) of Kutrumali and Sijimali bauxite mines to Larsen&Toubro (L&T). In June, the state government recommended the Centre to grant ML of the two mines after L&T committed to set...
Xinfa Aurum Exploration installs beneficiation plant at Bua's Votua bauxite mining site
Xinfa Aurum Explorations (Fiji) Limited is constructing a beneficiation plant at its Votua bauxite mining site in Lekutu, Bua. Beneficiation of bauxite involves screening of the ore followed by a wash to remove fine particles. The screened ore is then placed on stockpiles before being loaded onto...
Centre insists on DGPS survey before grant of bauxite leases to L&T
The Union Mines Ministry has stressed on Differential Global Positioning System (DGPS) survey of Kutrumali and Sijimali bauxite deposits before grant of mining lease (ML) to engineering & construction major Larsen & Toubro (L&T). "Apart from the survey, there is no other roadblock for L&T to get...
GMDC reports 44% fall in Q1 net profit
Gujarat Mineral Development Corporation (GMDC) has reported results for first quarter ended June 30, 2015. The company has reported a fall of 43.66% in its net profit at Rs 73.54 crore for the quarter ended June 30, 2015 as compared to Rs 130.54 crore for the same quarter in the previous year. The...
First bauxite shipment leaves Guinea Boke for Hongqiao Group
China Hongqiao Group began its first shipment of 180,000 tonnes of bauxite from the Port of Boke, Guinea on July 20. China Hongqiao Group, together with other companies, established Boke Mining Company and started port project at the Port of Boke to develop bauxite in Guinea. They have built two...
Guinea renews bauxite contract with Iran
Guinea has renewed a 25-year agreement with the government of Iran to allow it to start producing bauxite, according to official sources and documents seen by Reuters on Sunday. Iran will hold a 51 percent stake in the project, the Societe des Bauxites de Dabola-Tougue (SBDT), which permits...
Rio Tinto to decide on $1.45bn Weipa mine by 2015 end
A decision on the $1.45 billion South of Embley bauxite project at Weipa is to be made by the end of the year 2015, confirmed officials at Rio Tinto. Despite Rio Tinto reporting a first half year net profit slumping 43 per cent to $3.98 billion as falling iron ore, coal, copper and aluminium prices...
