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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Bauxite Resources Limited community advisory group established for Bauxite Mining
A Bauxite Mining Community Advisory Group (BMCAG) has been established as an initiative of Bauxite Alumina Joint Ventures (BAJV) and Bauxite Resources Limited, to develop the Felicitas and Fortuna bauxite mining projects North of Wundowie. The Fortuna Project is 100 per cent owned by BRL, has...
Jamaican economy suffers; growing bauxite industry provides a little relief
The continued lagged impact of the drought which prevailed last summer has been blamed for the poor performance of the Jamaican economy during fiscal year 2014-15, with the Planning Institute of Jamaica (PIOJ) estimating expansion of a mere 0.1 per cent. The performance was largely driven by a...
Noranda clarifies they have not been mining in disputed Cockpit Country
After the uproar about supposed illegal mining in the Cockpit Country, a source in Noranda Jamaica Bauxite Partnership clarifies that they were not mining. However, they were drilling in the area to check feasibility of mining in future. Noranda has a Special Exclusive Prospecting License (SEPL)...
Queensland Bauxite drilling to expand Indicated Resource base
Queensland Bauxite has committing to a significant drilling program at its flagship South Johnstone project near Innisfail in Queensland and has encountered new bauxite in areas not explored before. The project has an overall massive exploration target area of between 193 million tonnes and 405...
Fiji MP wants restrictions imposed on bauxite export
A Fiji opposition MP says a law should be put in place to limit the amount of bauxite that can be shipped out of the country. The SODELPA MP Mosese Bulitavu presented a petition to parliament last week, calling on the Government to handover royalties to landowners at the Nawailevu bauxite mine. The...
Bauxite Resources : Dispute notice issued to Yankuang Resources
Bauxite Resources Limited has issued a dispute notice to Yankuang Resources Pty Limited (YRPL) pursuant to the terms of the Joint Venture Resource Agreement (JRVA) and the Alumina Refinery Joint Venture Agreement (ARJVA). The disputes relate to: (a) the differing views as to how to interpret the...
Curbing the illegal mining of bauxite in Karnataka
As per section 23C of the Mines and Minerals (Development and Regulation) Act, 1957 state governments have been empowered to make rules for prevention of illegal mining and for purposes connected therewith. Therefore, matters relating to regulation and control of illegal mining, etc are all matters...
Landowners receive $200,000 for bauxite mining
The Naita land owning unit of Lekutu, Bua to date received a total premium of $200,000 from bauxite mining works on their land. Lekutu landowner Tevita Raiova said the premiums covered the roads, land lease and bauxite ore extracted from their land. Mr Raiova confirmed they were yet to receive...
APID faces possible lease cancellation despite paying all dues, claims company
Four shipments of bauxite have been shipped out by Asia Pacific Investment Development appointed Bintan Mining SI Limited from its Rennell operations according to custom reports. A total of $1.2 million has been paid as export duty to the government for the China bound shipment dispatched in...
Metro Mining steps up bauxite marketing with China appointment
Metro Mining has appointed the former Chairman for Traxys China and Comalco executive Norman Ting to assist with marketing of the Bauxite Hills Project on Cape York, north of Weipa to alumina refineries. Ting has over thirty years of experience and contacts in Asia trading bauxite to fall back on...
Rio Tinto plans to expand its bauxite operations in South of Embley, Queensland
Rio Tinto plans to expand its bauxite operations and would be reviewing the feasibility study for South of Embley, in Queensland later this year. The South of Embley project will allow Rio to use an existing mining lease to expand its bauxite mining to a location south to its Weipa operations. The...
Nawailevu landowners will get their fair share of money - Mere Vuniwaqa
Public consultations will be held soon on the determination of the fair share of royalty to be paid to the Nawailevu landowners where bauxite mining is currently underway. This has been confirmed by Lands and Mineral Resources Minister Mereseini Vuniwaqa following questions raised by SODELPA...
Another Solomon bauxite miner may lose lease
The Solomon Islands Government is threatening to cancel a company's lease to mine bauxite on Rennell Island. It would be the second such cancellation after the government last week withdrew the lease of PT Mega Bingtang Borneo for its failure to meet the conditions laid down by the Mines and...
Noranda eyes boost in bauxite exports, but tax matter unresolved
Now that it has completed the expansion of its port in Discovery Bay, St Ann, Noranda Aluminum Holding is looking at boosting bauxite exports from Jamaica. Its current lease gives it room to sell at least an additional 400,000 tonnes of bauxite each year, but the company suggested that it might go...
Canyon Resources in halt ahead of capital raising
Canyon Resources has been granted an ASX trading halt in relation to a capital raising. The halt will last until the earlier of the announcement being made or the start of trade on Friday, 8th May 2015. Canyon is focused on advancing development of the Birsok Bauxite Project in Cameroon. During the...
L&T presses for ML over two bauxite deposits
Engineering and construction giant Larsen & Toubro (L&T) has made a renewed bid to secure mining rights over Sijimali and Kutrumali bauxite deposits across Kalahandi and Rayagada districts after the enforcement of the Mines & Minerals (Development & Regulation) Act, MMDR Act, 2015. Since L&T...
Weiqiao Group bauxite shipping berth in Guinea to open in July
The first berth of the wharf project co-invested by Shandong Weiqiao Pioneering Group and three other companies is scheduled to open in July this year, cnmn website reported. The project aims to build two bauxite berths, one heavy cargo berth, as well as loading belts. The wharf is designed to...
Queensland Bauxite Limited quarterly activities and cashflow report
During the recent quarter Queensland Bauxite signed a Heads of Agreement (HOA) with Far North Queensland Ports Corporation Limited (Ports North). Other Highlights: - Heads of Agreement signed with Ports North for Mourilyan Port - Environmental consultants progressing approvals - Investment by China...
