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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Bauxite Resources lifts grade, confidence level at Felicitas Project
Bauxite Resources has notched a significant increase in resource estimate quality for the Felicitas bauxite deposit in the Darling Range, Western Australia. The upgrade of the current resource estimate has resulted from the drilling of an additional 992 vacuum drill holes across the deposit, and...
Australian Bauxite rewarded the mining lease for Bald Hill Project
The mining lease for the Bald Hill Project near Campbell Town has been offered to Australian Bauxite and 30 new jobs are expected to be generated by the end of the year. The mineral deposits at Campbell Town and Ouse had been known to the Tasmanian mineral experts since 1942, while Australian...
TDP expresses their interest in bauxite mining in Vishakhapatnam agency regions
When the Telengana Desam Party was in opposition, they opposed bauxite mining in the agency areas of Vishakhapatnam, now the same people are showing interest in mining prospects. The Andhra Pradesh Minister of Mines and Geology, Peethala Sujatha said that if the Central grants their approval for...
Traditional owners sign agreement with ABD instead of Glencore for bauxite mining lease
The State Government in Queensland had almost finalized the bauxite mining lease for Cape York Peninsula with a major multinational company when the native title holders of the land discarded their decision to choose their own candidate. Glencore International had been deemed by the State...
To help Vedanta, Orissa nudges Centre for Karlapat bauxite mines
Orissa chief secretary on Wednesday urged the Union mines ministry to reserve Karlapat bauxite mines in Kalahandi for the state-owned Orissa Mining Corporation. This comes a week after Vedanta Resources chief Anil Agarwal met chief minister Naveen Patnaik seeking his help for bauxite mines for the...
Hindalco’s six bauxite mine will be issued renewed leases by six months
As Hindalco Industries Ltd waits for its mining lease to be renewed in Jharkhand, they say that they are not too concerned about the wait and neither should it interfere with the performance of the company. In a note to National Stock Exchange on Wednesday, Hindalco explains that their renewals...
Jharkhand govt shuts 5 Hindalco bauxite mines
The Jharkhand government has shut five bauxite mines of Hindalco Industries, flagship company of the Aditya Birla Group. This follows a report by the Shah commission on illegal mining, which had alleged such mining was causing widespread damage to the environment and losses to the exchequer....
PRIME Minister Tony Abbott visits indigenous bauxite mines at Arnhem Land
Prime Minister Tony Abbott recently visited indigenous bauxite mines operated by the Gumatj clan of Arnhem Land. Tension over bauxite mining on Gumatj and Rirratjingu country when it began in the 1960s prompted the land rights movement among the people there. It is a symbolic victory for Gumatj...
Shandong Xinfa to invest $14 billion towards Guinea bauxite project
A Guinea government official revealed that China’s Shandong Xinfa Aluminium & Electricity Group is in talks with the government to take up the bauxite project abandoned by BHP Billiton by investing $14 billion towards it. A government tender was floated regarding a bauxite concession in the region...
IBAAS-CHALIECO-JNARDDC announces 3 days International Bauxite, Alumina & Aluminium Symposium at Visakhapatnam, India on November 27-29, 2014
This symposium will not only focus on latest developments of Bauxite, Alumina & Aluminium Industry in Asian region but also promote value addition in each stage from Bauxite to Aluminium. There will be sessions on non-metallurgical bauxite, special alumina and value added aluminium products during...
Cape Alumina recommends MetroCoal takeover offer
Cape Alumina directors have recommended that shareholders accept MetroCoal’s off-market takeover bid of 1 MTE share for every 1.3 CBX shares, in the absence of a superior proposal. The offer represents a 35% premium to the 20 day VWAP for each Cape share and the independent expert has concluded is...
Bauxite Resources shares rise by 43.5%
Bauxite Resources shares have risen 43.5% to an intra-day high of $0.165 today from a close of $0.115 prompting the ASX to issue a price and volume query. In response, the company said it was unaware of any reason not already announced that could explain the recent trading. However, it noted that...
Queensland Bauxite is all set to produce the South Johnson Scoping Study in Sep-Oct
Queensland Bauxite is all set to present its Scoping Study by the end of September or in October on its South Johnstone Bauxite project. After Indonesia announced a ban on the export of its unprocessed mineral ores, the bauxite market has become open to new companies who can get launch their...
Conditional settlement of legal action against BRL
Bauxite Resources Limited (Company) has made several announcements about a proposed shareholder class action against the Company. The Company has today executed a conditional agreement to settle that claim, prior to any proceedings having been commenced. The claim was proposed on behalf of...
BHP’s retired high rank executive Alberto Calderon invests in Gulf Alumina
One of BHP Billiton’s high ranking executives, Alberto Calderon recently retired but instead of taking time off he is planning to team up with some experienced alumni from ex-rival firm Rio Tinto and begin working on a bauxite export project from the Cape York area. With aluminium demand on a high,...
The CAG warns the Telugu Desam Government before reopening the Vishakhapatnam mines
The Comptroller and Auditor General (CAG) of India has issued a warning to the Telugu Desam Government who are planning to reopen the Vishakhapatnam bauxite mining, after studying the Memorandum of Understanding with Jinal South West Holding Ltd and Ras Al Khaimah in 2005-07 signed by the previous...
Orissa government grants prospecting lease to Sesa Sterlite for two laterite deposits
Sesa Sterlite has been granted the prospecting license by the Orissa government to work on two laterite deposit that will yield the necessary raw materials for the 1 million tonne per annum alumina refinery set up in Lanjigarh by the Anil Agarwal owned company. Sesa Sterlite earlier had to import...
Bauxite Angola to invest over US$500 million when re-launching the Madina Bose mining
The chairman of Bauxite Angola said on Wednesday that they are planning to spend over US$500 million in Guinea-Bissau at the time it re-launches the Madina Boe bauxite mining which is located in the east of the country, in the Gabu region. On April 12, 2012 a coup was organized by Carlos Gomes...
