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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China Hongqiao secures term shipments to replace Indonesia bauxite
China Hongqiao Group Ltd , the country's second-largest aluminium producer, has secured sufficient bauxite to replace supplies from Indonesia, which imposed a ban on exporting unprocessed mineral in January. China in January imported 6.1 million tonnes of bauxite from Indonesia, which halted ore...
Queensland Bauxite moving forward at South Johnstone
Queensland Bauxite could have a Scoping Study completed for the South Johnstone Bauxite project in north Queensland within 6 - 8 weeks. The study would likely provide baseline capital costs of mining the bauxite as well as the operating costs. The project has an initial inferred resource of 30...
Opposition to bauxite mining in Jamaica
As the opposition against bauxite mining is taking quick pace around the world, people in Jamaica are also being vocal against bauxite mining. Residents of the Cockpit Country in Jamaica have expressed opposition to any plans for bauxite mining in the area, according to reports from the Jamaica...
Cape Alumina eyes DSO operation at Bauxite Hills
Bauxite developer Cape Alumina has reported a 19.85-million-tonne direct shipping ore (DSO) inferred resource at its Bauxite Hills project, in Queensland. The inferred DSO resource was in addition to the previously announced beneficiated bauxite inferred resource of 15.1-million tonnes, and an...
Indonesia ban on nickel ore, bauxite exports to stay - officials
Indonesia has no plans to wind back a seven-month old ban on exports of unprocessed nickel ore and bauxite that has led to billions of dollars in planned investments in smelters, top government officials said. Indonesia - previously the world's top exporter of nickel ore and a major bauxite...
Rio Tinto fast-tracking Queensland bauxite mine South of Embley
An Australian bauxite project could be one of the next major spending items announced by Rio Tinto, with chief executive Sam Walsh confirming he has fast-tracked studies into the South of Embley project in Queensland. Located close to Weipa on the Gulf of Carpentaria, South of Embley would...
CM's Bauxite Mining plan opens Pandora's Box
With chief minister N Chandrababu Naidu making it clear that the state government is keen on permitting bauxite mining in the Visakhapatnam agency area, the opposition for the same is regaining momentum. While the AP government has already launched an exercise to review the stand on the issue,...
Depressed Rare Earth market puts Nippon's project in Jamaica on hold
Dull demand and prices in the rare earths market have led Nippon Light Metal to take the decision to stop developing its red mud beneficiation-based project in Jamaica. The Japanese company will continue refining the process while waiting for more profitable market conditions. Japan-based Nippon...
China's bauxite imports fall 39.8% from year ago
China has witnessed a 39.8% decline in June’s imports from a year ago, down to 19.5 million tonnes. The fall is attributed to last year’s high base following large stockpiling and the preference to consume on-hand stocks. Except for one shipment of Indonesian ore in May, no arrivals of Indonesian...
AAM encouraged by analysis results for Toubal bauxite project in Guinea.
Anglo-African Minerals is encouraged by initial results from the sample analysis for its Toubal bauxite project in Guinea. The company engaged ALS Minerals in Ireland to undertake the analysis of 10,627 samples from the Toubal project in April. Initial interim results of the chemical analysis...
Andhra Pradesh Govt to take a re look at bauxite mining issue
The Andhra Pradesh Government has launched an exercise to review a stand on the contentious bauxite mining issue. The MoU signed by the AP Mineral Development Corporation during 2005-07 have been put under abeyance by the UPA-II Government in August 2010 following strong objections raised by then...
Indigenous mining company gets go-ahead for bauxite exploration in northeastern Arnhem Land
An indigenous-owned mining company has been given the go-ahead to begin bauxite exploration in northeastern Arnhem Land. The Gulkula Mining Company, a subsidiary of the Gumatj Aboriginal Corporation, received the nod from the Northern Land Council on Saturday to begin exploring at the Dhupuma...
Cape Alumina receives proposal for control transaction
Cape Alumina's shares are in pre-open this morning, following the ASX granting the company a trading halt. CBX requested the halt after it received a proposal in relation to a control transaction from the company’s major shareholder, MetroCoal. MetroCoal currently owns 57%, with China Xinfa Group...
Metallica Minerals bags $7.5M Chinese funding for bauxite and mineral sands
Metallica Minerals is expected to trade materially higher today after executing a Joint Venture agreement with a private Chinese investor for $7.5 million to develop its Urquhart Point bauxite and mineral sand deposits in Queensland. Funding will also be allocated towards exploration for other...
Vedanta Aluminium gets village’s nod to expand refinery
Vedanta Aluminium, controlled by billionaire Anil Agarwal, moved closer to raising its alumina refining capacity by six fold from 1 million tonnes per year (tpy) after villagers near the plant voiced no objection to the expansion. Most of the nearly 2,000 people present on Wednesday at the public...
Aziana Limited opens data room for Manantenina Bauxite Project
Aziana Limited has opened an online data room to a third party that could join as a partner to develop its Manantenina Bauxite Project in Madagascar. While under the radar to some investors, it shouldn't be as Manantenina offers a number of bauxite riches that a JV partner would salivate over....
Queensland Bauxite to upgrade South Johnstone resource
Queensland Bauxite will undertake a more involved drilling programme at South Johnstone in northern Queensland to further define the size, grade and shape of the deposit. Which should not pose an issue given the handy $4.1 million in cash it had at 30 June 2014. It is also looking to upgrade the...
Qld Govt still in talks with miners interested in Aurukun bauxite lease
Deputy Premier Jeff Seeney says a lease for the Aurukun bauxite resource on Cape York will only be granted to mining companies that can begin operating immediately. The Queensland Government called for expressions of interest to develop the resource in November 2012 and short-listed two proponents...
