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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Noranda reports loss in bauxite segment for second quarter 2015
Noranda Aluminum Holding Corporation today reported results for second quarter 2015 on July 23, 2015. Bauxite segment reported a $3.1 million loss in second quarter 2015, a $2.1 million profit in first quarter 2015, and a $1.3 million loss in second quarter 2014. • Sequentially, Bauxite results...
SMB-WAP starts exporting bauxite from Guinea as sector expands
A Guinean-Chinese consortium, SMB-WAP, has started exporting bauxite from Guinea- the first new market entry in the West African country for 15 year, confirmed government sources. Guinea says it has the world's largest supplies of bauxite, but is ranked fourth in the export rankings. The government...
Norsk Hydro: Long-term ICMS tax framework established for Hydro’s Brazil operations
The Brazilian state of Pará has published a long-term ICMS tax framework for the aluminium producer Norsk Hydro ASA and related entities, developed between the parties. A new 15-year framework will replace the existing ICMS deferral on July 17. “Our ambition is to develop robust and viable...
Vietnam plans to double the production capacity of the Tan Rai and Nhan Co projects
The Prime Minister’s recent working visit to the Central Highlands bauxite complex confirmed the great potential of bauxite exploitation there and aluminum industry development. Analysts once looked at Tan Rai and Nhan Co alumina projects with dubious eyes. However, it is obvious that domestic...
Queensland Bauxite aims for early mining at South Johnstone project
Queensland Bauxite is progressing its plans for its South Johnstone DSO Bauxite Project in northern Queensland to begin production of bauxite later this year. The recently completed drilling program is waiting on drill results to upgrade the current quantity of Indicated Resource and define a...
Metro Mining raises $5.6m with mining operations in sight
Metro Mining Ltd has announced a Capital Raising of $5.6M, comprising a fully underwritten Shareholder Rights issue aimed at raising $3.6 million, which follows a successful Placement which has raised $2M. Argonaut and GMP Securities acted as joint lead managers to the Capital Raising. As a result...
Malaysian state revokes bauxite mining licences over pollution concerns
A state in eastern peninsular Malaysia said it has revoked the mineral ore licences (MOL) of 34 contractors to curb rampant bauxite mining in the area, due to concerns over rising pollution from the activity. Only 11 operators with permission to mine, transport and export the mineral would now be...
Metro Mining in halt to announce fundraising initiatives
Metro Mining is developing its Bauxite Hills Project at Cape York, Queensland, that could start direct shipping ore production by the end of 2016. The company is now in an ASX trading halt in connection with its fundraising initiatives. This will last until the earlier of the announcement being...
Nalco may soon get composite licence over Pottangi mines
The decks are slowly clearing for navratna firm National Aluminium Company (Nalco) to obtain a composite licence (prospecting licence cum mining lease) over Pottangi bauxite deposits. "Nalco's case for a composite licence over Pottangi mines is now under scrutiny at the highest level. The state...
AWAC considering bauxite shipments after Indonesian ban
The AWAC global alumina alliance of Alcoa and the ASX--listed Alumina is exploring the potential to ship bauxite from its Western Australia operations to fill the supply hole caused by Indonesia’s ban on exports of the alumina raw material. AWAC and its predecessors have been producing bauxite for...
Antam and Inalum signs MoU to build Smelter Grade Alumina (SGA) plant
PT Antam Tbk and PT Indonesia Asahan Aluminium (Inalum) signed a Memorandum of Understanding ( MoU) to cooperate in the construction of Smelter Grade Alumina (SGA) plant. The signing of the MoU has been conducted between the Director of ANTAM Tedy Badrujaman and Director of Inalum Winardi in...
Odisha Mining Corporation to apply for bauxite reserve
The state government has asked the state PSU Odisha Mining Corporation (OMC) to apply for prospecting licence of Sasubohumali bauxite reserve. The mine in Rayagada district has an estimated reserve of 81 million tonne bauxite. "Since the new Mines and Minerals Development and Regulation Act, 2015,...
Guinea eyes exporting 40 mln tons of bauxite by 2024
Guinea plans to increase its bauxite export from the current 17 million tons to 40 million tons per year by the year 2024, the country's Mines and Geology Minister Kerfalla Yansane said Wednesday. In this regard, the Guinean government and several mining companies operating in the country recently...
Guyana Ministry of Governance Team visits bauxite mines at region 10
Minister of Governance Raphael Trotman, accompanied by Audwin Rutherford, MP. Region 10 and a team made up of senior representatives of the Guyana Geology & Mines Commission (GGMC), the Guyana Forestry Commission (GFC), the Ministry of Social Protection and the Assistant Regional Executive Officer,...
Weather affects bauxite shipment in Fiji
Xinfa Aurum Exploration Fiji has already made two shipments of bauxite this year. It is expected to make a total of 10 shipments this year. Company managing director Derek Qiu said the number of shipment per year mainly depends on the weather conditions. “We don’t mine on wet weather conditions but...
Centre hikes bauxite output limit of only non-captive mine in Odisha
The Union Ministry of Environment, Forest and Climate Change has granted environmental clearances to KJST bauxite and iron ore mines situated in Koira mining circle of Sundergarh district to enhance mineral output. "I have got approval for extracting iron ore upto 2 million tonne, up from existing...
Aziana Limited to bag US$2M from sale of bauxite project
Aziana Limited is close to bagging US$2 million (A$2.6 million) from the sale of its wholly-owned bauxite project in Madagascar. Aziana has granted the prospective buyer a one month extension. A team led by the prospective buyer is presently onsite and working towards the completion of the due...
Noranda names presidents for bauxite and alumina business and primary aluminum business
Noranda Aluminum Holding Corporation announced today the hiring of Julio Costa as President of the Company's Bauxite and Alumina business. Noranda also announced that Mike Griffin, the Company's Vice President of Manufacturing, has been named President of the Primary Aluminum business. Costa and...
