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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Clinton Thomson foresees a brighter future for Bauxite in Jamaica
Clinton Thompson, the Commissioner of the Mines & Geology Division, is confident that the bauxite industry has a brighter future ahead. "Closure does not mean death and if you listen to the Bank of Jamaica reports, even with the downturn, it (mining and energy) is still one of the star performers...
Queensland Government says no to reverse bauxite mining ban in Steve Irwin Wildlife Reserve
The Queensland Government says it is not in favour of overturning a bauxite mining ban in the Steve Irwin Wildlife Reserve on Cape York. Yesterday, miner Cape Alumina expressed its intention of reopening negotiations with the Queensland Government to restart its $1.2 billion Pisolite Hills bauxite...
First Bauxite Corporation announces filing of first quarter financial statements
FIRST BAUXITE CORPORATION is pleased to announce that it has filed its first quarter financial statements and management's discussion and analysis for the period ended December 31, 2013. The company also announces that it has granted incentive stock options for the purchase of up to an aggregate of...
Canyon Resources to raise capital for bauxite project in Cameroon
Bauxite-focused Canyon Resources has been granted a trading halt this morning, as the company prepares capital raising details. Canyon's shares are currently in pre-open. The company has entered into a joint venture to acquire up to an initial 75% interest in the Birsok bauxite project, which is...
Rio Tinto suspends work at Australia bauxite mine after accident
Rio Tinto said it has suspended bauxite mining at its Gove operations in Australia on Tuesday following the death of a worker. The employee was fatally injured while performing maintenance work, Rio Tinto said in a statement e-mailed to Reuters. "We will be pausing all operations at the mine," the...
Jamaica Bauxite Institute contributes towards green project
One hundred and sixty farmers from eight communities in St. Ann and Manchester are set to benefit from a $192 million Water Catchment and Greenhouse Cluster Project, being undertaken by the Jamaica Social Investment Fund (JSIF) and the Jamaica Bauxite Institute (JBI). A total of 20 greenhouses are...
Bauxite area identified in province of Macuata
Another bauxite area has been identified in the province of Macuata and talks have started with landowners. If successful, Aurum Exploration (Fiji) Ltd plans to begin work at the new site this year. Company director Sang Lei said it would cost them about $20million ($US10m) to build the site at...
Bauxite shipment of AURUM Exploration Fiji Ltd in April
AURUM Exploration Fiji Ltd will send its 1st bauxite shipment in April for this year. The delayed shipment has resulted from continuous wet weather conditions that has been recently experienced in the North and affected work at the mine. Sang Lei, the Company director, said mining have started off...
Bauxite Resource Company updates on market developments and company strategies
Bauxite Resources Limited has recently listed their achievements they have made in the year 2013 in the company’s newsletter. The company thinks the momentum in 2013 has helped them to reach more milestones towards starting bauxite’s commercial export from Western Australia. Bauxite resources held...
Prime Minister visits Tan Rai Bauxite Complex
Deputy Prime Minister of Vietnam Hoang Trung Hai visited the Tan Rai Bauxite Complex in the Central Highlands Province of Lam Dong yesterday, where he applauded the quality of the plant's first products. The plant opened last October and has since produced 260,000 tonnes of high-quality aluminum....
Maputo, the only bauxite company in Mozambique in danger of closure
Maputo — The only bauxite mine in Mozambique, located at Penhalonga in the central province of Manica, is at risk of closing, for lack of a market for its product, reports Monday's issue of the Beira daily paper “Diario de Mocambique”. The managing director of the company, Mina Alumina, John Makle,...
Suriname earthmoving company eying investment in bauxite sectors
A meeting took place between Earthmoving Company LUNA N.V. executives of Suriname and the Natural Resources and the Environment Minister Robert Persaud to discuss about the business potentials within the gold mining and bauxite sectors. A press-release from the Ministry of Natural Resources said...
First Bauxite Corporation Announces Issuance of Stock Options
First Bauxite Corporation ("First Bauxite" or the "Company") is pleased to announce that it has granted incentive stock options for the purchase of up to 300,000 common shares of the Company at an exercise price of $0.14 for a five-year period to a director of the Company. First Bauxite Corporation...
Alufer hold talks with banks & private equity for bauxite mine in Guinea
Alufer Mining Ltd., planning to build a $305 million bauxite mine in Guinea, has started interacting with banks, commodity traders and private equity funds to develop their finance of Bel Air project. Danny Keating, the Chief Executive Officer wants to complete the financing of this project by this...
Bauxite mining suspended due to rains
BAUXITE mining has been suspended until weather conditions improve. Aurum Exploration Fiji Ltd director Derek Qiu confirmed work had stopped in November after the last shipment left for China. The company sent 12 shipments last year. "Mining work has stopped but we are still keeping the workers to...
Bauxite Resources publishes Quarterly Activities Report
Bauxite Resources Limited continues to focus primarily on the exploration and evaluation of bauxite prospectivity in BRL's extensive tenement holding in Western Australia's Darling Range, the largest bauxite and alumina producing region in the world. Currently the Company and its joint Venture...
Ma'aden signs a financing deal with SIDF
Ma'aden Bauxite and Alumina Co., the subsidiary of Saudi Arabian Mining Co. (Ma'aden) has signed a financing agreement with Saudi Industrial Development Fund (SIDF) for its aluminum project’s second phase. The company will repay the loan of SAR 900 million ($240 million) in 15 semi-annual unequal...
Cita Mineral awaits go-ahead to resume bauxite shipments
Bauxite miner Cita Mineral Investindo ceased its bauxite ore export activities on Jan. 12, following the mineral ore export ban implemented by the government. Bauxite and nickel miners have been hit the hardest in the wake of Indonesia’s policy initially aimed to ban mineral ore exports. The...
