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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Chalco to invest $400 million to explore bauxite in Guangxi
Chalco will invest 2.6 billion yuan ($400 million) to explore bauxite in Chongzuo, Guangxi – one of China’s bauxite-rich regions – local media reported. Feasibility report was completed last December, and groundbreaking might start as soon as this June, the media added. Once operational, the...
South Goa traffic cell calls for restricted movement for bauxite-laden trucks
South Goa traffic cell has lodged a complaint with the district magistrate to restrict the transportation of bauxite-laden trucks operating between the Naquerim-Betul and Vasco as it causes traffic congestions in the port area, especially during peak times. Trucks are said to make around 220 trips...
Rusal starts bauxite mining in Guyana
UC Rusal commenced mining operations at its $25 million Kurubuka-22 project, which is located near Kurubuka in Guyana. The bauxite deposit is estimated at 30 million metric tons (mt). Development began in 2013 with construction of the mine, infrastructure development, building of access roads,...
CNA ventures into bauxite mining; plans investment
In a bid to enhance diversification, the CNA Group has expressed interest in bauxite venture signing a non-binding MoU with a bauxite mine and processing plant in Shanxi, China for a five percent stake in the company. The fruitfulness of the venture will only come forth in due course said the...
Heavy rain hampering bauxite stockpiling in Bua
Xinfa Aurum Exploration Limited in Bua is facing bauxite stockpiling issues as a result of heavy rain showers in the region. Managing Director, Isirelli Dagaga highlighted the issue in an interview where he also says that they even refrain from mining in wet weathers as it results the production....
XINFA's first shipment of bauxite to China expected next month
The first shipment of bauxite to China is expected next month as mining has already started at Votualevu village in Lekutu, Bua. XINFA Aurum Explorations Fiji Limited Mine Manager, Basilio Vanuca says 400,000 tonnes of bauxite is expected to be extracted from the new site. He said 200 seasonal...
Indian Govt plans to auction minerals like iron ore, bauxite
New Delhi In a bid to bring in reforms in the mining sector and enhance transparency, the government plans to auction minerals such as iron ore, bauxite and manganese, Parliament was informed today. Minister of State for Mines and Steel Vishnu Deo Sai replied in affirmative in response to a query...
Queensland Bauxite agrees to investment by China Bauxite Trading
Queensland Bauxite has landed $910,000 in equity funding from a Chinese investment group in a placement at $0.014 per share to finance further development of the potentially 2015 producing South Johnstone Bauxite project. In cash strapped commodity markets, China Bauxite Trading & Investments...
Bauxite Residue Valorisation and Best Practices Conference to be held from 5-7 October, 2015, in Leuven, Belgium
Bauxite residue is a reusable resource. Its a material that can be a missed opportunity if not properly valorized. The current practice in some parts of the planet regarding bauxite residue management has to be revised. There is a need to change the modus operandi and become more aware and...
Queensland Bauxite requests trading halt, pending placement
Queensland Bauxite has requested a trading halt for its shares from the ASX pending an announcement of a placement. The company said the halt is requested until commencement of trading on Thursday 5th March 2015. Recently, QBL extended its one-for-four entitlement issue priced at $0.014 per share...
Vietnam has big plans for aluminum industry
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...
Orissa red flags Centre’s plan to give gram sabhas mineral rights
The Orissa steel and mines department has said no to the Union Panchayatiraj Ministry’s proposal to give gram sabhas rights over major minerals. In 2013, the ministry had sent a draft Panchayat Extension to Scheduled Areas Bill, 2013 to the states, seeking their views on it. The draft bill...
Pro Fin Capital Services Ltd's subsidiary to commence bauxite mining from 1st week of March
Pro Fin Capital Services Ltd's subsidiary, Tera Natural Resources and Pellets Private Limited ("Tera") has already obtained the lease for bauxite mining in Kolhapur District, Maharashtra. Tera would begin commercial operations in the first week of March 2015 as all other necessary approvals are...
Paulwell pays tribute to Dr Keith Panton, torch bearer for Jamaica's bauxite industry
The life of the late Dr the Hon Keith Panton can best be described as an enduring journey into the development and expansion of the bauxite and alumina industry in Jamaica. Having earned his tertiary education abroad, he chose to return to his native land and spent most of his productive years in...
OMC initiates steps to scrap bauxite mining JV with Sterlite, Hindalco
Odisha Mining Corporation (OMC) has started the process to scrap bauxite mining joint venture (JV) projects with Hindalco and Sesa Sterlite after the state government said the state-run miner can take a decision to do so. “We have sent show cause notices to Hindalco and Sesa Sterlite after the...
Jamaican government still firm about sustainable exploitation of mineral resources
The sustainable extraction of Jamaica’s mineral resources that will help the community still seems to be a crucial policy objective of the Government as is often expressed by the Minister of Science, Technology, Energy and Mining Phillip Paulwell, despite the recent suspension of the red mud...
Canyon Resources signs MoU with Bolloré Africa Logistics for Birsok Bauxite Project
Canyon Resources, to facilitate easier access to the new under-development Birsok Bauxite Project, has signed a Memorandum of Understanding with Bolloré Africa Logistics Cameroon, operators of the Doula port and Camrail SA. The company has 75% stakes in the budding mining project in the town of...
Queensland Bauxite extends time for entitlement issue
Queensland Bauxite has offered shareholders additional time to take up shares under its one-for-four entitlement issue priced at $0.014 per share to raise up to $1,782,167. The issue, which now closes on 10th March 2015, includes one free attaching option exercisable at $0.10 and expiring 31st July...
