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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Chinese technology may kill bauxite projects
Tuoi Tre newspaper quoted experts as saying that Vinacomin (the Vietnam Coal and Mineral Industries Group), the investor of the projects, has “fallen into a trap” set by Chinese contractors. Dr. Nguyen Thanh Son, former director of the Red River Delta Coal Mining Management Board, pointed out that...
Vietnam’s Ministry says bauxite project to face losses for 4-5 years
Vietnam’s Ministry of Industry and Trade (MoIT) revealed in a press release on 30th March that the two relatively new bauxite mines and processing units in Central Highland Province of Lam Dong will continue to incur losses for the next 4-5 years. Out of the two facilities, Tan Rai became...
Queensland Bauxite directors increase shareholding
Queensland Bauxite directors have acquired further shares in the company worth $367,500 from the recent entitlement offer to shareholders. Executive chairperson Pnina Feldman and executive director Sholom Feldman acquired 26,250,000 shares at $0.014 in the offer through Volcan Australia as they...
China Hongqiao expects 1st cargo from Guinea bauxite mine in Sept
China Hongqiao Group Limited , the country's second-largest aluminium producer, expects to receive the first shipment of bauxite ore from a joint venture mine in Guinea in September, its Chief Executive Officer Zhang Bo said on Monday. Bauxite is used to produce alumina, the base material for the...
Guinea cancels tender for ex-BHP bauxite permits
Guinea cancelled a tender for bauxite mining blocks that sources said had been won by a Chinese firm in partnership with figures in President Alpha Conde’s political party. The government did not give any reason on Thursday for cancelling the tender for the blocks in Boffa, some 150 km (93 miles)...
Australian Bauxite is on a roll with development of Campbell Town mining centre
Australian Bauxite (ABX) has been swift in developing its first bauxite mining centre near Campbell Town in Tasmania. Australian Bauxite mobilised the construction contractor to the site in December 2014 and was producing its first bauxite within three months. The new Campbell Town mining centre...
Vietnam’s second bauxite plant to have test run next month
After delays in construction, Vietnam’s second bauxite refinery plant in the Central Highlands province of Dak Nong will have its first test run next month, news website Saigon Times Online reported Tuesday. Le Minh Chuan, chairman of the Vietnam National Coal and Mining Industries Group...
Alpart resumes bauxite mining
Prime Minister Portia Simpson Miller announced a short while ago that the Russian company UC RUSAL yesterday commenced the mining and processing of bauxite at the Alpart refinery at Nain in St Elizabeth. So far, the company has employed some 40 people and it has given its commitment to employ...
Antam seeking more partners to back SGA project
State-owned diversified miner PT Aneka Tambang (Antam) is still struggling to find partners to support its plan to develop another smelter to process bauxite into lucrative products. Antam corporate secretary Tri Hartono said on Tuesday that the company needed to find further partners to jointly...
Rio and Alcoa to give up Kimberly bauxite project to facilitate a national park
Industry leaders Rio Tinto and Alcoa bow out of the State Agreement Act developed to initiate a bauxite mine and alumina refinery in the north Kimberly region, so that the region can be included in a proposed national park. Mitchel Plateau area was reserved for the development of bauxite mine and...
Australian Bauxite ups Tasmanian bauxite resources
Australian Bauxite has estimated initial resources for its Bald Hill mine near the Campbell Town production centre in Tasmania to be 3.5 million tonnes. Total Tasmanian bauxite resources now total 9.2 million tonnes, an increase of 61%, with bulk test pits in mid-2013 indicating yields of 65% to...
Indonesia may ease bauxite export ban to generate revenue for building smelters
An Indonesian mining ministry official on Monday said that export ban on bauxite may be eased to promote smelter building in the country. The country had banned the export of minerals last year in a bid to develop the upstream industry within the country and only export processed, end products....
Aziana Limited to sell Manantenina Bauxite Project to Indian buyer
Aziana Limited has signed a conditional agreement to sell its Manantenina Bauxite Project in Madagascar for a total consideration of US$2 million (A$2.56 million) to India’s Thankys Exports Pvt. Ltd. The non-binding agreement includes a royalty of US$0.50 per tonne of bauxite mined. Manantenina...
Vedanta Aluminium granted access to laterite deposits by the Orissa Govt.
Vedanta Aluminium Limited (VAL) will be granted laterite deposits by for their Lanjgarh in Kalahandi district the State Government announced on Friday. An agreement will be signed between the government and VAL to explore the laterite deposits which contain substantial amount of aluminium although...
Norsk Hydro: Extended maintenance at Paragominas, production at Alunorte unaffected
One of two ball mills at Hydro’s bauxite mining operations, Paragominas in Para, Brazil, was taken out for planned maintenance in the beginning of March, with planned return to production towards the second half of March. As work progressed, an inspection revealed items which require an extended...
Govt approves allocation of bauxite block to Odisha Mining
The government has approved a proposal from Odisha to allocate a bauxite deposit with reserves of over 150 million tonnes to the state mining company, a move likely to help companies like Sesa Sterlite Ltd that are banking on the raw material to fire their aluminium smelters in the state. In a...
Middle East invests in bauxite, alumina and infrastructure in Africa
While Chinese investments in Africa get enough media coverage, Middle East is silently entering the African continent with their own plans for strategic investment. Abu Dhabi’s Mubadala Development and Dubai Aluminium (Dubal) is planning a US$5 billion investment to develop the upstream industry...
Rio Tinto adds 15 new apprentices at Weipa bauxite operation
Fifteen new apprentices have picked up their tools and launched their careers in the mining sector with Rio Tinto’s Weipa bauxite operation. The recruits will develop skills in fields such as diesel fitting, fitting and turning, electrical, and boilermaking over the next three to four years to gain...
