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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Prima Resources to proceed with Bauxite Mine and Metals Facility at Manjimup WA
Prima Resources, a Bauxite Mine and Metal company based in Perth has announced that it is planning to bring a 1.0 MT/Yr Bauxite Mine & Metals Facility to the Manjimup shire in Western Australia in a move that would boost job opportunities in the region. Prima Resources provides a range of services...
Cape Alumina's Bauxite Hills unaffected by Queensland Government plans
Cape Alumina has revealed that the Cape York Regional Plan (CYRP), which was announced by the Queensland Government on 21 August 2014, will not affect the permitting or development of the company’s Bauxite Hills project. Cape Alumina will continue its development works for a Direct Shipping Ore...
More companies seek mining licences at Solomon Island
More foreign companies are seeking prospecting and full mining licences from the government, records from the Mining Department revealed. The records showed 25 companies have been issued with exploration licences and are currently on active prospecting. This number could increase after the Mines...
Tag Pacific to build a $4 million worth solar farm for Rio Tinto’s bauxite project
Tag Pacific has joined hands with First Solar Inc., a noted solar energy systems provider, to take up the assignment for building a solar power plant for Rio Tinto Alcan’s Weipa bauxite mine in North Queensland. This should improve Tag Pacific’s status in the market. The Weipa project is worth...
Bauxite mining comes to halt at Hindalco mine
Bauxite mining by Aditya Birla owned Hindalco Industries has came to a grinding halt in the Mali Parbat area near Semiliguda in south Odisha's Koraput district with the district administration imposing prohibitory orders under Section 144 of CrPC. The prohibitory orders have been clamped in the...
China Hongqiao Group Limited reported a 27.5% loss in profits for H1 2014
China Hongqiao Group Limited filed its interim report for the first half of 2014 at the Hong Kong Exchanges and Clearing Limited, reporting 27.5% YOY fall in net profits to 2.04 billion yuan ($0.33 billion) due to falling price of aluminium products. The prime cause behind this decline in net...
Glencore may get rights to mine the coveted Cape York bauxite reserves
Glencore may be the ultimate candidate to finally tap the vast bauxite reserves that has been remained unexplored for decades, which has been the point of interest for many mining companies around the world. Glencore is supposed to hold talks soon with the government of the Australian state of...
MetroCoal offers $250,000 to Cape Alumina for Bauxite Hill project
MetroCoal, a major shareholder in Cape Alumina, bails the bauxite developer out of debt by financing A$250,000 to continue the Bauxite Hill project in western Cape York, Queensland. Cape Alumina reported that the loan would help the company reserve its existing cash resource, pending the...
A new $580 million bauxite project in Cape York awaits approval
A new company has been launched to handle a $580 million bauxite project in the Cape York. According to the Australian Bauxite Development, Nick Stump, former CEO of Comalco will be heading the new board. John Benson, another member and a part of the Australian Indigenous Resources, also bid for...
Atlantis Ltd pulled out its bauxite mining project from Central Highlands due to lengthy approval time
Atlantic Ltd., an Australian mining company, finally exited the Vietnamese market after discovering there highly complicated and time consuming approval process having waited two years researching and awaiting the green signal from the government. They had planned to develop an aluminium supply...
The Tan Rai project to face four years of losses instead of two as earlier predicted
The Tan Rai project in Central Highlands province of Lam Dong, which started alumina production on October 1 last year, went through an assessment of its financial performance conducted by Vinacomin and a report was released last week. These reports state that the net present value (NPV) of the...
Tribals protest against the Government’s proposal of bauxite mining in Vishakhapatnam
The tribal areas around Eastern Ghats of Vishakhapatnam are expressing collective resistance to the proposal of bauxite mining in the area. The Social Welfare and Tribal Welfare Minister R Kishore Babu however say that no decision has been taken on the issue and the recent statement made by the...
Pacific Road Resources funds announce exchange of convertible notes in First Bauxite Corporation
The Pacific Road Resources Funds announce that PRRF has exchanged the non-interest bearing convertible notes issued by First Bauxite Corporation in the aggregate principal amount of $8,000,000, which were due to mature on June 26, 2014 and July 23, 2014, for promissory notes having the full...
First Bauxite Corporation announces change of President and CEO
First Bauxite Corporation today announced that effective immediately Mr. Alan Roughead has replaced Mr. Hilbert Shields as President and Chief Executive Officer of FBX. Alan brings over 25 years of experience in the industrial minerals industry focused on operations, marketing and finance. Until...
Anglo-African Minerals posts drilling update on FAR Bauxite Project, Guinea
Anglo-African Minerals plc, the GXG quoted mineral exploration company focused on West Africa, is pleased to deliver an update to its shareholders regarding the results from the recent drilling campaign on the FAR bauxite licence in the Kindia Prefecture, Guinea. In May 2014 the Company engaged...
Nhan Co Aluminum project to be put into trial operation by the end of 2014
Investors and contractors of the Nhan Co Aluminum project in the Central Highlands of Dak Nong have been asked to put the plant into trial operation by the end of 2014. The request was made on July 31 by a working mission of the steering committee for the implementation of bauxite plants in Central...
Vinacomin exports over 400,000 tonnes of aluminum
The Lam Dong Aluminum-Bauxite Complex Project of the Vietnam Coal and Mineral Industries Group (Vinacomin) has exported 411,000 tonnes of aluminum since operation began in December 2013. The information was released at a Bauxite Complex Project’s meeting in the central highlands province of Lam...
Canyon Resources hopes to mine DSO bauxite in Birsok
Canyon Resources Ltd plans to produce bauxite in the Birsok project which involves two permits for a surface area that spans 1,460 km2 in Cameroon. The last set of samples collected during the reconnaissance drilling on Baoua, a 700 by 350 metre plateau yielded “the best results” of the drilling...
