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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Government of India to decide the parameters for mining auctions
The new mining Ordinance established by the Union government allows them to set any parameters for bidding of mineral concessions which could be a share in production, payment linked to royalty or any other parameter the Centre sees fit. According to the new Ordinance, the only way for the state to...
Government officials are hopeful Alpart refinery will bring development in Jamaica
While everybody is happy about the reopening of the Alpart refinery in 2016, parliamentarians Michael Peart and Richard Parchment say that this should not be seen as just an employment opportunity but a vehicle for overall development, especially in the most affected regions of South Manchester and...
The Company of Guinea Bauxite celebrates record 15,239,218 mt of bauxite production
The Company of Guinea Bauxite exhibited an exemplary production performance as a result of the ambitious drive of the senior managers, setting a record of 15,239,218 metric tons of bauxite of 3% moisture in the year 2014 and bringing big smiles on the shareholders’ faces. To celebrate this grand...
Metro Mining doubles DSO bauxite resources in Queensland
Metro Mining has more than doubled direct shipping ore Inferred Resources at its Bauxite Hills Project in Queensland to 47 million tonnes at 51.5% alumina. This follows the company estimating an Inferred Resource of 24.9Mt at 51.7% alumina for the BH1 deposit. Bauxite quality work has also...
Yunnan Aluminium plans to buy stakes in SLACO and develop refinery
Yunnan Aluminium Co. released a statement on Friday, January 9, announcing their plan of acquiring 51% stake in Sino Lao Aluminium Corporation Limited (SLACO) paying $28.05 million, via their new subsidiary Yunnan Aluminium International Company Ltd. (YALICO). Once the deal is secured, YALICO plans...
Queensland Bauxite retains consultant for environmental and mining lease work
Queensland Bauxite has retained Northern Resource Consultants (NRC) to provide environmental consultancy services for the South Johnstone Bauxite Project in Queensland. This follows the company delivering in late December 2014 an initial Indicated JORC 2012 Resource and a revised Scoping Study....
District collector suggests queue system to truck owners for bauxite transportation
When the District Collector of South Goa, Venancio Furtado heard of the row over bauxite ore transportation from a mine in Betul on Monday, he immediately directed the two fighting parties to establish a queue system for transportation. Furtado heard the argument from both parties and assured them...
Guinea project’s maiden resource estimate confirms bauxite potential
The independent maiden inferred mineral resource estimate for the Toubal bauxite deposit, in Guinea, West Africa, has been labelled an important milestone for Irish-registered Anglo-African Minerals (AAM) subsidiary Tougué Bauxite and Alumina Corporation (Toubal). AAM CEO James Lumley said in an...
Govt approves ordinance for mines allocation
The government on Monday approved amendments to the near six-decade-old mining and minerals development and regulation (MMDR) act through the ordinance route, paving the way for auction of minerals such as iron ore, bauxite and limestone. The auction route first introduced in coal mining does away...
New bauxite lease to XINFA Aurum Exploration to benefit villagers in Bua
A new mining lease has been granted to the XINFA Aurum Exploration Fiji Limited for the bauxite mining site in Lekutu, Bua. XINFA Managing Director, Sireli Dagaga confirmed the news further saying that 20 landowners would be employed by the company from the Mataqali Naita in Votua Village and the...
Bauxite mining license for Rennell deposits granted to APID
Asia Pacific Investment Development (APID) Ltd has been granted the mining lease for the Rennell bauxite deposit, which was very much in demand, while Indonesian company Bingtang Borneo Ltd’s license was cancelled by the Solomon Islands government. The permanent secretary of the Ministry of Mines,...
Nalco shows growth in mining as per government reports
The report released by the Ministry of Mines reveals that during the 2013-14 period, Nalco has achieved highest ever production in their bauxite mines and alumina refinery since their inception. A total of 62.93 lakh metric ton of bauxite was transported while 19.25 lakh metric tons of alumina...
Paulwell announces Rusal can restart mining at Alpart Jamaica
The Mining and Energy Minister, Phillip Paulwell announced on Monday that the Alpart refinery at Nain, St. Elizabeth is scheduled to be re-opened on December 1, 2016 after being closed for the last five years. The Minister said that the Cabinet has approved the submission that will allow Rusal to...
Paulwell to make major bauxite announcement today
There are indications that a decision has been reached regarding the reopening of mining and refining operations at St Elizabeth-based alumina producers Alpart by UC RUSAL. In an advisory on Friday, the Mining Ministry says portfolio minister Phillip Paulwell is to provide an update of major...
Update: Bald Hill bauxite mine progressing well
Tasmania's struggling mining industry has received a boost, with civil construction work getting underway at a new bauxite mine in Tasmania's Midlands. There has not been a new bauxite mine in Australia for 35 years and the ore is in short supply worldwide. The mine's general manager, Rob Williams,...
Anglo-African Minerals completes scoping study with positive results
Anglo-African Minerals completion of Scoping Study for FAR Bauxite Project, Guinea, West Africa Inferred Mineral Resource of 43 million tonnes Positive NPV of US$ 163 million Anglo-African Minerals Plc, the GXG quoted mineral exploration company focused on bauxite in West Africa is pleased to...
The Bald Hill project fast tracks its operations
After receiving the approval of the Bald Hill project near Campbell Town earlier this month, the project has picked up speed as it initiates site mobilization. The company aims to get the $6-million-worth project into full production by July 2015 as they believe the low capital outlay and the short...
UC RUSAL announces acquisition of Timan bauxite 20% stake
UC RUSAL, a leading global aluminium producer, announces that it has completed a transaction with JSC “Fund for support of investment projects in the Republic of Komi” to obtain the remaining 20% stake in OJSC Boksit Timana (‘Timan’). Following the completion of this transaction, RUSAL now owns...
