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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Pacific Road Resources funds announce exchange of convertible notes in First Bauxite Corporation
The Pacific Road Resources Funds ("PRRF") announce that PRRF has exchanged the non-interest bearing convertible notes ("Notes") issued by First Bauxite Corporation (the "Company") in the aggregate principal amount of $8,000,000, which were due to mature on June 26, 2014 and July 23, 2014, for...
Australian Bauxite : Former Tasmanian Premier appointed Chairman
Paul Lennon has been appointed Chairman of Australian Bauxite Limited following the retirement of Mr. John Dawkins AO at the recent AGM. Mr. Lennon is a passionate Tasmanian and takes up the mantel of Chairman at a time when ABx has identified three mines in northern Tasmania and production planned...
Queensland Bauxite looks to feasibility study, off-take at South Johnstone
Queensland Bauxite has returned more positive test results on bauxite from its South Johnstone bauxite project with total alumina ranging from 32% to 38%. South Johnstone represents a new potentially high grade bauxite region, remarkably close to established infrastructure. Significantly, an...
Emirates Global aluminium project clears Guinea hurdle
Guinea's parliament has approved amendments in a deal with Emirates Global Aluminium (EGA) which will see the start of bauxite production in 2017 and the construction of a 2-million-tonne-per-year alumina refinery from 2018. "The National Assembly unanimously adopted the amendment of Global Alumina...
Intercept Minerals to progress Rio Tinto bauxite farm-in off Northern Territory
Intercept Minerals continues to progress a farm-in by Rio Tinto into its Tiwi Islands bauxite project off the Northern Territory. Under the agreement, Rio will spend $5 million over 4 years to earn a 75% operating interest in the project. This is subject to a number of pre-conditions including, the...
Union Minister to work for setting up bauxite factory
Union Minister of State for Social Justice and Empowerment Sudarshan Bhagat has said he would make efforts in setting up a bauxite factory in Lohardaga. Lohardaga is rich with bauxite. I will try to bring bauxite factory in the district, Bhagat, who represents Lohardaga constituency, told reporters...
Bauxite Resources CEO updates on where best to allocate shareholder funds
Bauxite Resources Video Q&A with Peter Canterbury CEO who explained that the company recently undertook a review to determine where best to allocate shareholder funds and have decided to pay a 4 cents per share capital return. After the AU$9.3 Million capital return, BAU retains AU$30 Million in...
Large volume of commercially viable bauxite deposits found in west Rennell island
More than 26 million tonnes of commercially viable bauxite deposits were found in west Rennell island in the in the Solomon Islands. Asia Pacific Investment and Development Limited (APID) revealed this in an environmental report produced after it carried out prospecting on the site. APID is a joint...
Bauxite Resources Limited Fortuna Resource upgrade delivers higher grades
Bauxite Resources Limited announces a resource update for the Fortuna bauxite deposit in the Darling Range, Western Australia. BRL retains 100% beneficial interest to the bauxite. The resource is located on two private landholdings (farms) located ~60km north east of Perth, and 10km from the...
Indonesian miners delay plans of alumina refinery on legal uncertainty
The plans of building alumina refineries by bauxite producers in Indonesia are getting delayed due to legal uncertainty over export ban that was imposed nearly five months ago, said government & industry officials. The Constitutional Court of Indonesia has to still decide on a legal challenge...
Sesa-Sterlite to focus on bauxite sourcing, Goa mining this fiscal
Tom Albanese, the newly appointed chief executive officer of Sesa Sterlite, has identified sourcing bauxite for its aluminium operations and resumption of mining in Goa as some of his top operational priorities for the current fiscal, in the company's annual report for 2013-14. Sesa Sterlite, the...
Kerala govt says no to bauxite mining in the state
Kerala government has made it clear they haven’t changed their decision of not allowing mining of bauxite at Kadaladipara in Kasargod district. Replying to a submission in this regard in the Assembly, Industries Minister P K Kunhalikutty said necessary order in this regard would be issued. After...
Bauxite Resources launches scoping study at Fortuna
ASX-listed junior Bauxite Resources has launched a scoping study on its Fortuna direct shipping ore (DSO) bauxite project, in Western Australia. The scoping study would investigate a mine-to-port development to support a three-million-tonne-a-year operation at Fortuna, and would likely be completed...
Release of Cape York Regional Interests map supports Cape Alumina’s focus on Bauxite Hills
On Friday 13 June the Queensland Government commenced the Regional Planning Interests Act 2014 by proclamation and also made the Regional Planning Interests Regulation 2014. This legislation establishes the approval process for resource activities in areas of regional interest. Maps outlining the...
Bauxite Resources' shareholders to get capital return
Bauxite Resources will return $0.04 a share to shareholders by way of a capital return from its $42.1 million cash reserves as at 31 March 2014. It is subject to shareholder approval but unlikely to brook any opposition. Even after the capital return there would be a $31 million cash balance post...
Queensland Bauxite Ltd shares set to soar
Despite rising 367% over the past month, junior explorer Queensland Bauxite Ltd is set to soar again today. In pre-trade moves, the shares are expected to open up another 45% at 6.1 cents. The reason for the price move is that recent exploration results have confirmed that the company has a...
Queensland Bauxite requests a trading halt for results of material exploration
The Australian Stock Exchange has placed the shares of Queensland Bauxite in a trading halt on the company’s request in relation to the material results on the company’s bauxite project located in north Queensland. The trading halt will last till 13 June, 2014 until any announcement is made or...
Jamaica sells stake in bauxite operation to Rusal
Jamaica is selling its 7 percent stake in a bauxite refinery operation, the island's energy minister announced Tuesday. Energy Minister Phillip Paulwell told Parliament that the government will sell its $11 million stake in the West Indies Alumina Company, referred to as Windalco. It is located in...
