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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Russian mining firm keen on partnership in bauxite sector
Russian metal and mining major Basic Eelement has evinced interest in forging partnership for developing bauxite-related sector in India. Chairman of the supervisory board of Basic Element, Oleg Deripaska, expressed company's interest at a meeting with Steel and Mines Minister Narendra Singh Tomar...
Queensland Bauxite is closer to mineral resource upgrade
Queensland Bauxite has provided an update, and said as previously advised, the company is preparing a resource upgrade report to an Indicated Mineral Resource status under JORC 2012 which will give the basis to start project development at the South Johnstone Bauxite project. The resource report...
Saudi- Maaden increases investment in aluminium
The Saudi Arabian Mining Company (Maaden) is playing a key role by developing the mining sector as the third pillar of Saudi industry beyond oil and petrochemicals. Through its investments Maaden is turning the Kingdom into a major player in global markets for phosphate, aluminum, gold, copper and...
Fiji land minister confirms rehabilitation work at Nawailevu
As recommended by the Environmental Impact Assessment report, the Nawailevu Bauxite Mining site in Vanua Levu is going through rehabilitation works that is being carried out by the Aurum Exploration Fiji Limited. The Lands Minister, Mere Vuniwaqa has confirmed this in the parliament on Monday after...
Work set to begin on bauxite mine near Campbell Town in northern Tasmania
Work on a bauxite mine in Tasmania's northern midlands is expected to start next month. The Bald Hill bauxite project, near Campbell Town, has been approved by the Northern Midlands Council. It will employ 45 people and is expected to extract more than 1 million tonnes of bauxite over five years....
Queensland Bauxite edges closer to Indicated Resource
Queensland Bauxite has received the final results from drilling at its South Johnstone Bauxite Project in Queensland and has incorporated the results into an upgrade of its Resources to an Indicated level. This will allow the company to meet all the requirements of JORC 2012, which underpins the...
First Bauxite releases detailed analysis on multiple projects
The First Bauxite Corporation has completed the strategic review of two of its projects, the Bankable Feasibility Study Update (BFSU Project) which was filed on 21 November 2011 and the planned pre-feasibility study (PFS Project) which was first introduced on 14th Feb, 2013. The first project was...
Anglo-African Mineral signs contract with drilling contractor in Guinea
Anglo-African Mineral, attempting to continue work defying the raging Ebola outbreak, has signed a contract with Toumyne, a drilling contractor in Guinea in October so that they can take up the Auger drilling campaign on the Momo, Elevation and Samaya plateau, an area which falls under the...
Bauxite mining supporters come together to push their case
Breaking their silence over stiff opposition to bauxite mining, several technical and mining experts and investors for the first time met in the city recently to justify exploration of bauxite ore in parts of Eastern Ghats with eco-friendly technologies. Their presence in large number, including...
Aziana Limited to dispose of asset
Aziana Limited has been granted an ASX trading halt in relation to a proposed asset disposal. The company has bauxite, copper and graphite mineral projects in Madagascar as well as working interests in oil and gas exploration and production leases in the Gulf of Mexico offshore Louisiana. In the...
India not using domestic bauxite reserves adequately experts say
Tom Albanese from Vedanta Resources gave his key-note address at IBAAS, the International Bauxite, Alumina and Aluminium Society, speaking about how India is lagging behind in the exploitation of bauxite reserves available in the country. There is plenty of good quality bauxite ore in the Andhra...
EGA plans to make investments worth $5 billion in upstream aluminium by 2020
UAE-based Emirates Global Aluminium (EGA) is bullish about the global aluminium market and plans a capital expenditure of $5 billion by 2020, said the chief executive of the company. An official gave a review of the two smelters making up EGA – Dubal and Emal – and said the company was taking care...
Guyana: Linden bauxite workers on strike for more pay
Workers at the Chinese-owned BOSAI Minerals Limited bauxite plant at Linden on Tuesday continued to down tools and stayed off the job to press demands for higher salaries, according to well-placed sources. Preliminary information reaching Caribbean News Desk is that the company is offering a six...
Australian Bauxite shares suspended, looks to material capital raising
Australian Bauxite will undertake a material capital raising and its shares have been voluntarily suspended from trading pending an announcement and details. The voluntary suspension continue until the earlier of the release of the announcement until Wednesday 26 November 2014. The company is...
“We look at outputs that are considered waste by an industry and take a holistic approach which takes into consideration all the elements in the waste… Mr. Michael Shenton, CEO, Prima Resources, WA
AlCircle is a platform that strives to promote the advancement of use of aluminium as a sustainable material of choice. In that direction, we would like to highlight not only the established players of the industry who are contributing successfully towards the growth of the industry but also those...
Canyon Resources looking for capital raising
Bauxite focussed Canyon Resources is preparing to outline details of a capital raising. The ASX has granted the company a trading halt, with its shares placed in pre-open. The company's key project is the Birsok Bauxite Project in Cameroon, with the inaugural drilling program returning high-grade,...
Govt releases draft of Mines and Minerals (Development and Regulation) (Amendment) Bill
The Mines Ministry, in the Bill to amend the Mines and Minerals (Development and Regulation) Act, has proposed competitive bidding mechanism for allocation of mines for all minerals . According to the draft of the Mines and Minerals (Development and Regulation) (Amendment) Bill, 2014, for bulk...
Bauxite Resources reports a significant increase in resource estimate
Bauxite Resources boasts the highest cash to market cap ratio of any ASX bauxite company. And it has resources of almost 400 million tonnes of bauxite. The company holds over $24 million, and is capitalised at $27 million. In September, BAU notched a significant increase in resource estimate...
