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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MetroCoal ends Cape Alumina offer with majority stake
ASX-listed MetroCoal’s takeover offer for fellow-listed Cape Alumina closed on Tuesday, with the company gaining a 57.22% shareholding in the takeover target. MetroCoal launched its takeover of Cape Alumina in March, offering shareholders 0.6c a share in cash. The offer was accepted by some of Cape...
Canyon Resources targets high grade DSO bauxite in Cameroon
Canyon Resources has commenced First phase drilling on its 75% owned Birsok Bauxite Project in Cameroon, targeting high grade DSO bauxite mineralisation. Up to 4,000 metres of drilling is planned to test the width and extent of bauxite mineralisation across priority target areas. The program will...
NALCO to source green technology for 10 TPA gallium plant
National Aluminium Company (NALCO) has invited expression of interest (EoI) for sourcing an environment-friendly technology for a gallium plant it is planning to set up in Odisha. The aluminium major has plans to set up a 10 tonnes per annum (TPA) gallium extraction plant at its Alumina Refinery in...
Canyon Resources releases quarterly activities report
Canyon Resources has released an activities report for the quarter ended 31 March 2014. Clearing work began on the Birsok Bauxite project, in Cameroon, to prepare for the first phase drilling programme. 90% of the rock chip samples taken from the project area have returned over 50% aluminium oxide...
Antam’s sales fall 35%, but bauxite & alumina show a rise
Publicly listed diversified mining company Aneka Tambang (Antam) reported that its first-quarter sales dropped by nearly 35 percent year-on-year (y-o-y). However, Antam’s bauxite production rose by 186 percent y-o-y to 115,340 wmt, as the company has been aggressively boosting the commodity’s...
University of Western Australia, & Alcoa of Australia join hands to do research on transforming bauxite residue into healthy soils
The research found that adding a combination of green waste compost and fertiliser to the bauxite residue sand improves its rehabilitation potential and its capacity to support plants Researchers from The University of Western Australia, working with Alcoa of Australia, are breaking new ground on...
Ministry seeks to open Alpart Plant
THE BAUXITE industry is poised for a dramatic revitalisation, according to Minister of Science, Technology, Energy and Mining Phillip Paulwell. Paulwell, who was addressing members of the Manchester Chamber of Commerce on Wednesday, took particular aim at Alpart in Nain, St Elizabeth, which shut...
Bauxite Resources Limited quarterly activities and cash flow report
Bauxite Resources Limited has broadened its focus from pure exploration to include expansion exploration and mining development appraisal of bauxite within its extensive tenement holding in Western Australia's Darling Range, the largest bauxite and alumina-producing region in the world. Currently...
NGO cautions illegal miners against bauxite mining from Aitwa forest
A-ROCHA Ghana, a non- governmental organisation (NGO) that is into forest research, has called on the government to stop illegal miners from extracting bauxite from the Atiwa Forest. According to the NGO, the Atiwa forest is noted as a water tower, animal and vegetation forest reserve in the...
MetroCoal increases stake in Cape Alumina to 57.22%
Australian coal-based energy firm MetroCoal has increased its stake in Cape Alumina from 46.04% to 57.22%. As per the offer made on 18 March 2014, the company has purchased 27,136,354 shares of Cape Alumina for 0.6 cents per share. MetroCoal is seeking to review Capes operations and merge the...
Export benefits foreign reserves
XINFA Aurum Exploration Fiji Limited dispatched about a dozen bauxite shipments to its overseas markets last year. In a statement yesterday, Xinfa executive Derek Qiu said this had greatly benefited government's foreign reserves. Mr Qiu said the shipments also increased Fiji's export earnings from...
Shipment of bauxite to china expected at the end of this month
The first shipment of more than 80,000 tonnes of bauxite to China this year is expected at the end of the month. Aurum Explorations Fiji Limited Mine Manager Basilio Vanuaca said the delay is due to bad weather experienced at Nawailevu in Bua. He said the company’s aimed is to export 800,000 tonnes...
Petition to allow Cape York mining rejected by State Government
The government has rejected a petition calling for the Steve Irwin Wildlife Reserve mining ban to be reversed. The government declared the reserve on Cape York a strategic environmental area in November. A new planning instrument, it restricts land use to those considered appropriate. In the case...
Canyon Resources samples high grade bauxite; set for drilling at Birsok, Cameroon
Canyon Resources should trade higher after additional rock chip sampling yielded high grade aluminium oxide bauxite from its 75% owned Birsok Project in Cameroon. Around 90% of the 84 rock chip samples returned greater than 50% aluminium oxide, with an average of 2.2% silicon oxide and low levels...
Bauxite plants in the Central Highlands may be equitized
The efficiency of the Central Highlands bauxite projects was again mentioned in a regular press conference of the Ministry of Industry and Trade on Monday. Deputy Minister Do Thang Hai confirmed that the Tan Rai project will take losses in the first five years and needs 12 years to recover its...
BHP Billiton considers setting up of separate company for Bauxite, Aluminium & Nickel assets
Mining giant BHP Billiton is reportedly planning to set up a separate company for its aluminium, bauxite and nickel assets for the firm to focus on its core businesses. Estimates of the new company's value range from $11 billion to $20 billion. In response to the speculation, BHP said in a...
Bauxite Resources completes maiden resource estimate for Athena Project, Western Australia
Bauxite Resources Limited announces that a maiden resource estimate has been completed on the Company's new Athena project, eastern Darling Range, Western Australia. The resource is located on private landholdings, approximately 120km south east of Perth. Athena is contained within the Company's...
MetroCoal says offer price for Cape Alumina final
As Cape Alumina advises its shareholders to reject a 0.6c-a-share takeover offer, suitor MetroCoal warned on Wednesday that it would not increase its bidding price. Cape Alumina said the price was significantly lower than share prices prior to the offer being made, and that it failed to attribute...
