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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Project Monitoring Group to take up the issue of bauxite mining revival in AP
The Centre’s Project Monitoring Group (PMG) will soon take up the issue of stalled process of bauxite mining in Andhra Pradesh, state government officials said here today. The clearances sought for mining of bauxite ore by the state-owned AP Mining Development Corporation (APMDC) was kept in...
Odisha sitting over 300 PL bids for bauxite mining
The state government is yet to dispose off over 300 pending PL (prospecting licence) applications for bauxite deposits in Kalahandi district and undivided Koraput region. Larsen & Toubro (L&T), Vedanta Aluminium Ltd (now Sesa Sterlite), Jindal Steel & Power Ltd (JSPL), Jindal Photo Ltd, Hindalco...
Canyon Resources announces the discovery of new bauxite ore in Cameroon
Canyon Resources Ltd has alleged locating a large bauxite deposit in the Birsok project, in the centre of Cameroon, that it is in the way to having 75%, following a joint agreement, struck in late 2013, with the British company, Altus Strategies Ltd. In the research report published on July 23, the...
Vedanta Resources Plc eyes new bauxite deposits in Odisha
Vedanta Resources Plc, a London-listed mining giant, would explore new deposits of iron-bauxite in Odisha to feed its Lanjigarh refinery. The move is seen as initiative by the company to acquire the raw material required for aluminium producing after the Niyamgiri fallout where Vedanta Resources...
Government initiates winding up of BATCo
The Ministry of Science, Technology, Energy and Mining has initiated the winding up of the Bauxite and Alumina Trading Company (BATCo), which it indicates is one step forward in its plan to merge administratively all government entities dedicated to management of bauxite resources. Entities to be...
Anti-mining activists fear bauxite mining may resume in the West Coast
Attention maybe turned to exploration of bauxite ore after opening floodgates to greater private participation in coal mining by the National Democratic Alliance Government. The mining lobby, which was lying low for quite sometime after the UPA-II put in abeyance all clearances accorded to bauxite...
Aziana shares lift on bauxite and graphite
Aziana shares have jumped up to 65% today to an intraday high of $0.033, from a $0.02 close yesterday. Shares last traded at $0.03. After today's rise the company is capitalised at around $6 million and holds almost $3 million in cash following the sale of non-core graphite and gold leases in...
Queensland Bauxite: South Johnstone bauxite confirmed as gibbsitic
Queensland Bauxite has revealed that bauxite from South Johnstone in Queensland consists of gibbsite of between 36-48% level. This is significant as the gibbsite mineral readily dissolves at low temperatures and pressures at the alumina refinery stage (the Bayer process). Hence it is easier and...
Bauxite Resources adds to WA resources
Explorer Bauxite Resources has increased the resource of its Athena bauxite deposit, in the Darling Ranges of Western Australia, by some 59%. The Athena deposit was now estimated to host some 36.2-million tonnes, grading 32.8% alumina and 2.8% reactive silica. The Athena deposit forms part of a...
Government gives six-month notice to UC Rusal to resume mining
Government has issued a formal notice, to Russian aluminium company UC Rusal, of its intention to revoke the special mining rights for its Alpart and Kirkvine refineries, if "bona fide" mining operations do not resume within six months. This was disclosed by Minister of Science, Technology, Energy...
Russian aluminium giant to build $1B railroad
The railroad is planned to be 180 kilometres long and would run from Binh Phuoc province to Ba Ria-Vung Tau in the south of the country. An Vien Group (AVG) has committed to supplying 50 per cent of the financing with Rusal providing the other half. The Russian side said it hopes its Vietnamese...
Metallica identifies 15 bauxite targets in Cape York
ASX-listed Metallica Minerals has announced its intention to expand its focus from mineral sands to include bauxite, identifying 15 priority targets over its Cape York tenement package, in Queensland. An evaluation and drill campaign has been scheduled for September, and Metallica told shareholders...
Queensland Bauxite buys strategic stake in Inverell project
Queensland Bauxite is acquiring a foothold a regionally strategic project in the Nullamana region of Inverell, New South Wales, as it seeks to add to its gibbsitic bauxite portfolio. EL 7301 has a JORC 2004 Inferred Resource of 29 million tonnes grading 32% available alumina and 5% reactive silica....
UC Rusal starts the realization of Dian-Dian project of state importance in Guinea
UC RUSAL, a leading, global aluminium producer, announces the beginning of Dian-Dian project in the Republic of Guinea. The first stage of the Dian-Dian project involves the construction and putting into operation by 2016 of a bauxite mine with an annual capacity of 3 mln tonnes with the potential...
Queensland Bauxite receives more off take approaches
Queensland Bauxite is moving ahead on a number of fronts at the South Johnstone Bauxite Project in north Queensland, with plans to upgrade the existing JORC initial Inferred Resource as well as receiving more enquiries for off take. Shares in the company are likely to firm on the news. The...
Vedanta seeks alternative mine for Lanjigarh refinery
After failing to get local gram panchayats’ nod for mining bauxite in Niyamgiri hills, Vedanta Resources is now engaging with the Odisha government for allotment of mines elsewhere besides considering procuring bauxite from alternative sources. The Niyamgiri hill area is one of the sources in...
Vedanta's Lanjigarh expansion plan sees revival hopes
Odisha State Pollution Control Board will hold public hearing of the much-delayed project at Lanjigarh on July 30 The controversial project of Vedanta group to expand Sesa-Sterlite's Lanjigarh refinery is set to revive with Odisha deciding to undertake public hearing of the project later this...
Rio Tinto to approve $5.1b Qld bauxite mine
Rio Tinto expects its $US4.8 billion ($5.1 billion) South of Embley bauxite project near Weipa in Queensland to deliver returns comparable to its lucrative Pilbara iron ore operations, and is likely to approve its development this year, UBS analyst Glyn Lawcock said. Mr Lawcock tips South of Embley...
