Ashapura targets INR 100 billion bauxite revenue opportunity as Guinea volumes rise
Ashapura Minechem is preparing for its next phase of growth by expanding its Guinea bauxite operations while shifting its Indian business towards higher-value mineral products. The company is targeting 15 million tonnes of annual bauxite volumes by FY28, a level management believes could generate...
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...
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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...
XINFA plants pine seedlings for rehabilitation of Nawailevu Bauxite site
XINFA Aurum Exploration (Fiji) Ltd has so far planted 12,000 pine seedlings at the Nawailevu Bauxite Mining as part of its rehabilitation program. In an interview yesterday, mine site manager Isireli Dagaga said their aim was to plant more than 35,000 seedlings at the 12-hectare land that had...
Metro Mining lowers cost on Bauxite Hill mine
A new prefeasibility study (PFS) on the Bauxite Hills project, in Queensland, has revealed that the project could deliver some two-million tonnes of direct shipping ore (DSO) product, over a 21-year mine life. Owner Metro Mining told shareholders on Tuesday that the DSO option allowed for the...
Metro Mining to release pre-feasibility study for Queensland bauxite project
Metro Mining has been granted an ASX trading halt in relation to the release of a Pre-Feasibility Study and Reserve statement for its Bauxite Hills Project in Queensland. Yesterday, the company estimated a JORC2012 Indicated Resource of 30.3 million tonnes of direct shipping ore (48.4% total AI2O3,...
China Shanxi approves 700,000-tpy aluminum alloy project
Shanxi Development & Reform Commission has approved CPI Shanxi Aluminum Co. to build vertically integrated 700,000-tpy aluminum alloy project, China Power Investment Corporation said on its website yesterday. The project will be supported by 4 million-tpy coal mine, 2*660MW power plants, 2...
Xinfa targets 10 bauxite shipments to China
Xinfa Aurum Bauxite Company is planning to make 10 bauxite shipments to China, this year. The Chinese bauxite mining company was handed their second lease documents, late last year from the Minister for Lands and Mineral Resources Mereseini Vuniwaqa, for the new site in Votua Village, Lekutu in...
Queensland Bauxite finalized a port deal with Port of Mourilyan
Queensland Bauxite has finalized a deal with Far North Queensland Ports Corporation Limited to make Port of Mourilyan their port partner, allowing the company to allocate 800,000 tonnes of bauxite per year, according to the contract agreement. Located 16-25 kms away from the South Johnstone mining...
Queensland Bauxite to top up cash reserves for bauxite project
Queensland Bauxite will look to top up cash reserves for development of its South Johnstone Bauxite Project offering one new share for every four shares held at an issue price of $0.014 per share plus a free attaching option to shareholders. Offer proceeds will be used to prove up larger tonnages...
Clarifying statement: Fortuna Scoping Study
Bauxite Resources Limited refers to the market announcement “Positive Export DSO Bauxite Scoping Study Results Received For 100% Fortuna Project” released to the ASX on 21 January 2015 (the “previous ASX Release”). The Company wishes to provide the following further clarification. The purpose of...
New bauxite mine in Bua expected to yield $16 million
The newly discovered 400,000 tons bauxite resource in Bua is expected to yield $16 million in revenue, according to the Mine Manager of XINFA Aurum Explorations Fiji Limited, Basilio Vanuaca. The mining site located at Votua, Letuku in Bua, has started work this month, employing 200 seasonal...
Sesa Sterlite still awaits bauxite linkage
The Sesa Sterlite Limited’s (previously Vedanta Aluminium Limited) Rs52,000-crore investment in Odisha is the largest on ground investment made by any company in the State ever. Still, the future of the project is hanging fire owing to the delay in policy decision mechanism of the State Government....
“One of our main focuses right now is leveraging our sector-leading position in bauxite including in supporting the Middle Eastern aluminium sector.” Amir Mirchi, Regional Vice President, MENA, Rio Tinto
Amir Mirchi is regional head of Rio Tinto for the Middle East and North Africa (MENA) in charge of Rio Tinto’s regional business management supporting the company’s strategic initiatives, operations, investor relations and joint venture relationship management. He has several years’ experience in...
Illegal mining on Solomons' Rennell Island
The Solomon Islands Government has ordered a stop to mining on Rennell Island, after a company disregarded the cancellation of its licence. PT Mega Bintang Borneo Ltd was told to halt mining and remove all its equipment on December the 23rd, but according to the Solomon Star, is still operating....
Queensland Bauxite reports strong cash balance to support project development
Queensland Bauxite has reported $4.34 million in cash reserves as it embarks on the next stage of positioning its South Johnstone bauxite project for development. During the September quarter, QBL defined at initial JORC Indicated Mineral Resource and a Scoping Study that detailed financial...
Metro Mining shows promise for 2015
Metro Mining, the new company that has emerged after MetroCoal Ltd acquired Cape Alumina, is all fired up for development in 2015 with the appointment of a new CEO, a new Director and the doubling of the direct shipping ore inferred resource at its Bauxite Hills project. The combination of the two...
Rennell people benefit from mining spin-offs
Village farmers, fishermen and village shop owners of West Rennell and surrounding communities are experiencing the influx of cash-flow and increase of revenue in their shops and communities as a direct result of the current bauxite mining operation in the area. A landowner Malcolm Sau who has just...
Alcoa of Australia refuses to be tempted by bauxite boom
Rising demand for Australian bauxite has not tempted Alcoa of Australia to join the export rush, with the aluminium giant saying it would prefer to create local jobs by turning Australian bauxite into finished products. Bauxite prices rose strongly in 2014 and are expected to rise again in coming...
Bauxite resources limited positive export DSO bauxite scoping study results received for 100% BRL Fortuna Project
Highlights • Existing Mineral Resource and rail logistic chain can support a Direct Shipping Ore (DSO) production target rate of 3Mtpa for a 12 year mine life • FOB operating cash costs estimated at A$30 (US$26) per tonne excluding royalties and landowner compensation* • A$26M capital expenditure...
