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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Aurukun Mayor aiming for zero unemployment despite the failure of bauxite project
The Mayor of the Aurukun Aboriginal community on far north Queensland's Cape York says he is aiming for zero unemployment in his community, despite a major bauxite proposal falling over. The State Government last month announced neither proponent short-listed to develop the Aurukun bauxite resource...
Vietnam ministry seeks more incentives for bauxite plants
The Ministry of Industry and Trade has once again called for more incentives for the country’s first two bauxite refineries, which are expected to make losses for the next few years. The ministry made the recommendation in a recent report to the National Assembly’s Standing Committee about the...
Jamaican Finance minister moves to allay fears as bauxite giant Rusal posts loss
NEWS that Russian aluminium producer UC Rusal has posted a US$3.2-billion loss for 2013 has raised fresh concerns about the future of Jamaica's bauxite industry and questions as to whether the company will resume full production here. UC Rusal owns three local bauxite alumina plants, of which only...
Finance Minister predicts a bright bauxite future for Jamaica
Finance Minister Dr Peter Phillips has declared that Jamaica still has a bright bauxite future, despite the world economic recession in 2008 forcing the closure of three of the country's four plants. Speaking in the House of Representatives on Tuesday, Phillips said UC Rusal, the owners of three...
Metrocoal takeover of Cape Alumina gains steam
MetroCoal has acquired a strategic 46.04% interest in Cape Alumina through the purchase of 95,059,489 shares priced at $0.006 each under the former’s takeover offer. The two companies had previously shelved a proposed merger in November last year. MetroCoal’s unconditional cash offer is targeted at...
Kazakhstan’s aluminum reserves estimated at 809 million tons
On March 18, Bazarbay Nurabayev, the chairman of the Geology and Subsoil Use Committee of Kazakh Ministry of Industry and New Technologies said the estimated resource of Kazakhstan is 809 mn tons. "The forecasted aluminum (bauxite) resources are estimated at 809 million tons," Nurabayev said while...
Bauxite Resources Limited updates on Dionysus project, Western Australia
Bauxite Resources Limited is pleased to announce that a maiden resource estimate has been completed on the Company's new Dionysus project, northern Darling Range, Western Australia. The resource is located on one private landholding in predominantly cleared farmland, approximately 100km north east...
Alberto Fabrini appointed head of Bauxite & Alumina business in Norsk Hydro
Alberto Fabrini has been appointed executive vice president and head of the Bauxite & Alumina business area in Norsk Hydro ASA. The appointment of Fabrini, currently head of Operations in Bauxite & Alumina, will be effective June 1, 2014. "As a Brazilian native with international experience and an...
Chalco warns of change in competitive landscape after return to the black
Aluminum Corp of China (Chalco) posted a net profit of 975.2 million yuan (HK$1.2 billion) for last year, reversing an 8.2 billion yuan loss the previous year, mainly due to asset disposals. The firm also cautioned that smelters in the central and eastern regions of the mainland might be squeezed...
Kazakhstan‘s forecast reserves of bauxites estimated at 800 mln tons
The Committee of Geology and Subsurface Resources Management under Ministry of Industry & New Technologies estimates that forecast reserves of bauxites are 809 million tons. "The forecast reserves of bauxites in Kazakhstan are estimated at 809 million tons. The reserves are mainly concentrated in...
Xinfa Aurum Exploration Fiji awaits bauxite mining license
Xinfa Aurum Exploration Fiji, the bauxite mining company, plans to start working on a site in Bua once the government issues them a mining license. Basilio Vanuaca , the mine manager said Mataqali Naita located in Votua village in Lekutu, Bua, have agreed to provide them land for mining around 500...
Rio moves to offer another $50 million to support community
RIO Tinto will provide an extra $50 million over the next five years to help attract new economic activity and support the community transition in Nhulunbuy and the East Arnhem region. The announcement follows the company’s decision in November last year to suspend alumina production at its Gove...
MetroCoal offers to bid for bauxite explorer Cape Alumina in Queensland
MetroCoal has made an uninvited offer to take over their fellow exploration company in Queensland Cape Alumina at $0.06 per share. The board of Cape Alumina has advised the shareholders not to take any action. MetroCoal said they want to acquire Cape Alumina with the aim to expose its shareholders...
Guyana bauxite project by First Bauxite Corporation faces financial hurdles
A US$120 million investment project by Toronto-based First Bauxite Corporation (FBC) for bauxite mining at Bonasika in Guyana seems to have struggled over finance issues and the project had not taken off yet as it was scheduled. First Bauxite Corporation (FBC), which was exploring bauxite deposits...
Ghana government to establish Alumina Industry- President Mahama
President John Dramani Mahama has announced that government would soon come out with a declaration on the establishment of an Alumina industry. He said the establishment of the industry would not only add value to the production of bauxite for export, but would also create a number of job...
Queensland Government rejects bauxite-mining project at Aurukun
The Queensland Government has deferred the multi-billion dollar plans of developing Cape York’s Aurukun Bauxite resource. According to the government, the benefits given to the local communities were not sufficient. It also said the project delivery time was very long. It is expected that bauxite...
Pollution Control Board finds nothing objectionable in functioning of the Vedanta's Lanjigarh alumina refinery
The Odisha Pollution Control Board (OPCB) has found nothing objectionable in the functioning of the Vedanta Aluminium Limited in Lanjigarh of Kalahandi district. An on- the- spot enquiry of the unit by Assistant Environment Engineer D Sethi observed nothing objectionable from the environmental...
Bauxite Resources publishes Interim Financial Report for the half-year ended 31 December 2013
During the half year ending 31 December 2013 Bauxite Resources continued to focus primarily on the exploration and evaluation of bauxite prospectivity in the Company's extensive tenement holding in WA's Darling Range, the largest bauxite and alumina producing region in the world. At the reporting...
