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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Alufer Mining completes feasibility study for Bel Air bauxite
Alufer Mining Limited has completed the initial Bankable Feasibility Study for the proposed Bel Air Project in Guinea with an estimated capacity of 10.3Mtpa. This is the first towards Alufer’s plan to develop 30Mtpa to cater to China’s growing bauxite needs. After just two years from the first...
Jamaica’s mining minister gives Rusal ultimatum to restart plant
The Mining Minister of Jamaica, Phillip Paulwell has given Rusal UC an ultimatum to restart the mothballed Alpart bauxite/alumina plant in Nain, St Elizabeth by December 31 or else there would be consequences. Last Wednesday, Paulwell addressing the audience at the Young Entrepreneurs meet telling...
CAA Resources looking to venture into bauxite mining
CAA Resources is primarily an iron ore product company but since the iron ore market is somewhat depressed of late, the company is considering venturing into the bauxite industry. Mr. Li Yang, the chairman of the board along with the senior managers, is now investigating bauxite prospects in...
A third company contests for Rennel bauxite deposits among disputes
The bauxite deposits at Rennell Island is attracting a lot of attention and the newly established mining company, which is a joint venture of Mugava and Solomon Mining Limited, is the third company to show interest in this project. Asia Pacific Investment Development (APID) and Bintang Borneo...
New bauxite reserves projected at 400 Mln tonnes in China Guizhou in 2014
New bauxite reserves in Guizhou Province – one of China’s bauxite-rich regions – are likely to hit 400 million tonnes in 2014, cnmn.com reported on November 9. Besides, new coal resources in the province are estimated at 150 million tonnes this year. To capitalize on abundant resources, the local...
MetroCoal bids for rest of Cape Alumina as stake exceeds 90%
ASX-listed MetroCoal has made strides in its takeover of fellow-listed Cape Alumina, after major shareholder China Xinfa Group Corporation accepted MetroCoal’s offer for its 12.1% shareholding. MetroCoal’s total shareholding in Cape Alumina now exceeded 90%, and the company said on Monday that it...
Land lease approved for new bauxite minning site in Bua
Another 20 year land lease has been approved to XINFA Aurum Explorations Fiji Limited for a new bauxite mining site at Votua, Lekutu in Bua. Mine Manager Basilio Vanuaca said 400,000 tonnes of bauxite is expected to be extracted from that piece of land which is 500 metres away from the current site...
France’s Imerys to absorb Greek’s S&B Minerals, excluding bauxite operations
Imerys, a world leading industrial minerals company has signed an absorption deal on Thursday, for the Greek company called S&B Industrial Minerals. The deal is supposedly one of the biggest international mergers in the history of Greek industry. The deal is said to be worth 558 million euros...
A Harita Group company violates mining permits in Indonesia
A local NGO reported that a Harita group mining company in West Kalimantan, Indonesia has been mining outside its allotted land. Forest Monitoring Volunteers of Borneo (RPHK) found in the their investigation that the P.T Karya Utama Tambang Jaya is using 78 hectares of land for their operations...
Govt working on auctions for iron ore and bauxite mines
The government is learnt to have finalised a blueprint to auction 31 mining leases for iron ore and bauxite mines by April 2015. It has also asked the states to give a list of fully prospected areas for auctioning them out in the subsequent phases. The first set of mining leases (MLs) will be...
Metallica Minerals signs supply contract with consulmet for Cape York Bauxite and Heavy Mineral Sands JV
Metallica Minerals Limited (“Metallica”) is pleased to announce that the Cape York Bauxite and Heavy Mineral Sands (HMS) Joint Venture has executed a legally binding Supply Contract with Consulmet Pty. Ltd (“Consulmet”) for the Urquhart Point HMS Projecton the western coast of Queensland’s Cape...
Inalum to Build $2b Aluminum Smelter
State-run aluminum maker Indonesia Asahan Aluminium, or Inalum, is planning to build an aluminum smelter valued at $2 billion and a calcined petroleum coke plant worth $30 million, in a move that will help it to produced value-added products. The smelter will turn bauxite into aluminum, which the...
Anrak Aluminium says may get govt approval for bauxite project
Anrak Aluminium is optimistic of securing government approval to mine bauxite in three to four months, a company official said on Wednesday, possibly ending a three-year wait. "We are hopeful of getting approval in three to four months," Hariharan Mahadevan, president of projects at Anrak, told an...
Odisha government to provide raw materials for Vedanta within 3-4 months
The founder and executive chairman of the London-listed Vedanta Resources, Anil Agarwal, announced on Tuesday that the Odisha government has assured him that they will provide the necessary raw materials to feed Vedanta’s one-million tonne Lanjigarh refinery within three to four months. The...
Bauxite Resources limited publishes September 2014 Quarterly report
Bauxite Resources limited publishes September 2014 Quarterly report. Highlights of the report are given below: • Upgrade of Athena Resource resulting in 36.2Mt @ 32.8% low temp available alumina (41.8% total) and 2.8% reactive silica under the HD Mining Joint Venture • Fortuna DSO Scoping Study...
Bauxite Resources limited publishes September 2014 Quarterly report
Bauxite Resources limited publishes September 2014 Quarterly report. Highlights of the report are given below: • Upgrade of Athena Resource resulting in 36.2Mt @ 32.8% low temp available alumina (41.8% total) and 2.8% reactive silica under the HD Mining Joint Venture • Fortuna DSO Scoping Study...
Cape Alumina Increases $250k unsecured debt financing to $500k to progress the Bauxite Hills project
Cape Alumina Limited (Cape Alumina) is pleased to announce that it has increased the $250,000 unsecured debt financing (announced to the ASX on 27 August 2014) to $500,000 to progress the Bauxite Hills project. The loan is being provided by MetroCoal Limited (ASX:MTE) (MetroCoal) which, on 5 August...
ASX200 marks seventh straight gain, which bauxite stock kicked 14.3%?
Australian stocks have risen for a seventh straight session with miners and bankers pulling the ASX200 up 60.9 points, or 1.1%, to 5,385.9. Wall Street had rallied last night on upbeat earnings reports, sending the Dow Jones Industrial Average up 215 points to settle at 16,615, while the Nasdaq...
