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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GAC, Government of Guinea sign four agreements on infrastructure development projects in the region of Boke
Guinea Alumina Corporation SA, a mining development company wholly owned by Emirates Global Aluminum PJSC, signed a series of four agreements in Paris, France, with the Government of the Republic of Guinea - the latter represented by the Ministry of Mines and Geology and the National Agency for...
‘Malaysia is the Winner’: Indonesia ban drives miners abroad
Indonesia’s ban on ore exports, which choked off shipments of bauxite, spurred local companies to head to Malaysia, underlining the challenges that Southeast’s Asia biggest economy faces in trying to boost metals processing. At least five Indonesian miners invested in Malaysia by the end of last...
UC Rusal signs a multilateral agreement on the exploitation of the existing railway infrastructure in the Boke province, Guinea
UC RUSAL, a leading global aluminium producer, announces the signing of a Multi-User Operation Agreement (“agreement”) on existing railway infrastructure in the Boke province, Guinea, within the framework of Dian-Dian project. The agreement has been reached between Compagnie de Bauxite et d’Alumine...
Mining lease application (MLA) lodged for Urqu hart Bauxite Project
Metallica Minerals Limited and its Joint Venture partner, Ozore Resources Pty. Ltd. announces that the Mining Lease Application (“MLA”) for the Urqu hart Bauxite Project has been lodged with the Queensland Department of Mines and Natural Resources. The MLA 100044 comprising 1,378 hectares covers...
ESET confident about 30 per cent electricity rate cut in Jamaica
The head of the Electricity Sector Enterprise Team (ESET) says the slow progress in starting new energy projects in the bauxite sector will not affect the overall national programme to bring energy costs down. The expression of confidence came from Dr Vincent Lawrence during a press briefing at...
K Line signed long-term agreement with Emirates Global Aluminium
K Line signed long-term agreement with Emirates Global Aluminium for transportation of 5 million tonnes of bauxite ore on its capesize bulk fleet. The contract is signed for transportation of bauxite ore to the alumina refinery, currently building in Al Taweelah in the United Arab Emirates. K Line...
Jharkhand government to renew leases for Hindalco’s closed bauxite mines
Hindalco Industries may soon get to resume operations at five bauxite mines in Jharkhand that have remained closed since September last year, with the state government initiating the extension of these leases till 2030. The state mines department has already processed files of the five mines of the...
Russia promises to help Jamaica restore mined-out bauxite lands
The Government of Russia has pledged assistance to Jamaica with restoring mined-out bauxite lands to full agricultural productivity. Mining minister Phillip Paulwell says the European country has pledged the latest in Russian technology. Russia’s agriculture minister has reportedly expressed hope...
Bauxite Resources, Yankuang dispute referred for mediation
The dispute between ASX-listed Bauxite Resources and its joint venture (JV) partner Yankuang Resources has been referred to a Perth-based barrister for mediation. Bauxite Resources said on Friday that its representatives had met with Yankuang between June 9 and 18 to resolve the dispute over a...
Green nod for bauxite mining near marine park in Gujarat
The Union Ministry of Environment, Forest & Climate Change has recently given its nod to two Bauxite mining projects, located in close proximity to the Marine National Park and a wildlife sanctuary in Jamnagar. The first environment clearance has been given to New Delh-based M/s Orient Abrasives...
First Bauxite Corp. plans $200 million bauxite plant in St. John Parish
First Bauxite Corp. of Canada plans to invest $200 million to develop a proposed bauxite processing plant on the Mississippi River in St. John the Baptist Parish. State and corporate officials said that the project would create 100 direct jobs, ranging from entry-level to skilled trade and...
Nalco expects its alumina output to rise by 1 million tonne in next 4.5 years
Nalco expects its alumina output to rise by 1 million tonne in next 4.5 years, of which 21.8 lakh tonne can be obtained in FY16, NR Mohanty, CMD, Nalco told CNBC-TV18. Nalco made a record profit of Rs 1322 crore last year but now the market is crashing due to Chinese dump entering the aluminum...
Metro Mining amends Hey Point bauxite sale agreement
Metro Mining and private company Green Coast Resources Pty Limited have amended an earlier sale agreement struck in June 2013 for the sale of its Hey Point bauxite tenements on Western Cape York. The revised deed of amendment and termination agreement will see wholly owned subsidiary of Metro...
Queensland Bauxite fast tracks resource drilling at South Johnstone Bauxite Project
Queensland Bauxite Limited provides an update on drilling and corporate activities at its flagship South Johnstone Bauxite Project in northern Queensland. · Two drilling programs underway to fast track project development · Additional drill samples sent to ALS Laboratory for assaying · Current...
Indonesia seeks legal route for bauxite miners to resume exports
Indonesia's government is discussing legal avenues to allow a resumption of bauxite exports to help kickstart stalled smelter projects, top officials said, as Southeast Asia's largest economy tries to promote infrastructure development. Indonesia imposed restrictions on exports of unprocessed metal...
Odisha Govt backs L&T for bauxite mining lease in Rayagada
With Larsen & Toubro (L&T) agreeing to set up a three million tonne aluminum refinery in two phases of 1.5 million tonne each at Rayagada, the Odisha government today recommended to the Centre the grant of Mining Lease (ML) for Sijurumali and Kuturumali bauxite mines to the company putting an end...
Noranda and Government of Jamaica reach interim agreement; GOJ agrees to discontinue injunction proceedings
Noranda Aluminum Holding Corporation announced today that its wholly-owned subsidiary Noranda Bauxite Limited (NBL) has reached an interim agreement with the Government of Jamaica (the GOJ) relating to a dispute regarding production levies. The interim agreement addresses payments of production...
US$10 Million bridge facility with Pala investments to advance the Bel Air Bauxite Project
Alufer Mining Limited, the bauxite exploration and development company with a portfolio of assets in the Republic of Guinea, West Africa, is pleased to announce that it has closed a US$10 million senior secured Bridge Facility (the "Facility") with Pala Investments Limited ("Pala"), which will fund...
