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...
Grow with
AL Circle
Extended maintenance at Paragominas completed
The ball mill at Hydro’s bauxite mining operations in Paragominas in Para, Brazil, that was taken out for planned maintenance in the beginning of March is now back in operation. Paragominas has fully resumed its production. Paragominas normally operates with two ball mills, and with one ball mill...
Aurum Exploration Limited in Fiji says it has paid royalties
A mining company in Fiji being accused of not paying royalties to landowners says it has handed over about 670,000 US dollars to the government. Landowners in Fiji's northern division say they have not received any royalties from a bauxite mine run by Chinese company Aurum Exploration Limited since...
Fiji landowners accuse Aurum Exploration of not paying due royalties
The Chinese company Aurum Exploration Limited has secured its third bauxite mining site in Fiji after a great success with the first site at Nawailevu and starting processes for the second site at Letuku. However, the locals are not entirely happy with the company and there are complaints about the...
Mining lease issued for the third and largest bauxite site in Fiji
The third bauxite mining site in Fiji has been issued a lease making it the largest site so far in the Northern Division region. Nawailevu was the first site being mined by the Chinese company Aurum Exploration Limited and has yielded almost 1 million tonnes of bauxite. Rehabilitation work has also...
China hunts for bauxite under coal fields as shallow-buried resources deplete
China’s demand for bauxite buried below coal fields is growing rapidly with shallow-buried resources are running out, Shanghai Metals Market has found. New bauxite reserves in the west of Caoyao coal field in Mianchi County, Henan, exceed 160 million tonnes, a survey conducted during 2011-2013...
Palaszczuk moves to quell bauxite project concern
The Palaszczuk government will meet traditional owners over last year’s decision to favour Swiss giant Glencore in the development of a bauxite deposit on the western side of Cape York. Development Minister Anthony Lynham yesterday said he was aware of concerns among some native title holders about...
Glencore reportedly frozen out of Aurukun bauxite rights negotiation
Reports are being heard that Glencore has been frozen out of negotiations with the traditional owners of the Aurukun bauxite developers and has been issued a legal letter informing them that there will be no negotiation regarding mining with anyone else other than Australian Bauxite Developers....
Morangup locals form Avon and Hills Mining Awareness Group
Worried Morangup locals have formed an awareness group after raising concerns about a possible development in their community. Morangup borders the Avon Valley National Park and has Toodyay 30 kilometres to its east. Calling themselves the Avon and Hills Mining Awareness Group (AHMAG), the...
Attorney General recommends cancellation of mining licenses on Rennell Island
The Attorney General Chamber is recommending cancellation of mining licenses on Rennell Island. A report produced by the Attorney General this week points to maladministration and irregularities in the granting of mining leases to Asia Pacific Investment Development (APID) and Bintang Borneo for...
Queensland Bauxite drilling targets increased mine life at South Johnstone
Queensland Bauxite's current drilling program at the South Johnstone Bauxite Project in Queensland is targeting an increase in mine life. Drilling is aimed at further increasing the level of JORC Indicated and Inferred Resources. The Exploration Target area has a range of between 193 million tonnes...
China's Yantai Port group co-invests in Guinea bauxite port
China's Yantai Port Group, together with three other firms in China, Singapore, and Guinea, invested an undisclosed amount in the port in Boke, Guinea, in West Africa to further develop Guinea's bauxite trade. The three companies are Shandong Weiqiao Pioneering Group, Singapore's Winning...
Ghana policy to add value to bauxite before export
The Ministry of Lands and Natural Resources plans to introduce a policy to ensure that no bauxite leaves Ghana in its raw state. The policy seeks to encourage exporters to process the mineral into alumina or alluminium before exporting it out of the country. Nii Osae Mills, the Sector Minister, who...
UC RUSAL opens Russia’s deepest mine
UC RUSAL, a leading global aluminium producer, announces the launch of the first start-up complex at the Cheremoukhovskaya-Gloubokaya mine in the North Urals Bauxite Mine (“SUBR”). Cheremoukhovskaya-Gloubokaya becomes Russia’s deepest mine, with a depth of 1,550 meters, and ranks among the top five...
Indian Government proposes 2-stage bidding process under Mines Bill
The Centre today proposed a two-stage bidding process to the states for auctioning major minerals like bauxite ore, with the highest revenue share offered in the first round becoming the base price for e-auction. In the first round, technically qualified bidders will be asked to quote the...
Queensland Bauxite receives notice of initial substantial shareholding from CBTIC
Queensland Bauxite has received a notice of initial substantial shareholding from China Bauxite Trading & Investments Company (CBTIC) with a 9.1% interest. CBTIC had invested $910,000 in the company through a placement priced at $0.014 per share, giving it 65 million shares in QBL. Proceeds from...
Prime Minister seeks intervention from Odisha CM to grant the Pottangi bauxite mine
Nalco’s deteriorating condition has caught the attention of India’s Prime Minister, Mr. Narendra Modi, who has sent a letter to the Chief Minister of Odisha, urging him to intervene to improve the company’s situation. Difficulty of viable bauxite procurement has been one of the biggest complaints...
Aziana Limited selling its Manatenina bauxite project to Thankys Exports
Aziana Limited is selling off its Manatenina bauxite project of Madagascar to Thankys Exports Pvt. Ltd and a conditional sale agreement has been decided upon by the two parties. As per the conditions of the purchase, the buyer company will pay a total purchase amount of $2 million to seller company...
Queensland Bauxite substantial holder China Bauxite Trading lodges notice
Queensland Bauxite has received a notice of initial substantial shareholding from China Bauxite Trading & Investments Company (CBTIC) with a 9.1% interest. CBTIC had invested $910,000 in the company through a placement priced at $0.014 per share, giving it 65 million shares in QBL. Proceeds from...
