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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Vedanta urges Odisha government to provide lease of laterite mines soon
Continuing its frenzied efforts to secure alternate bauxite supplies, Vedanta Aluminium Ltd (VAL) has urged the Odisha government to fast track its applications for three small laterite deposits in Koraput district for mining lease by the end of this month. VAL’s urgency to secure alternate raw...
Bauxite miners stop operations due to ban on raw mineral exports
Less than two weeks after the government issued a ban on raw mineral exports, five bauxite mining companies operating in Tanjungpinang municipality, Riau Islands province, have ceased operations, a local official has said. Tajungpinang Marine, Fishery, Forestry and Energy Agency head Sumardi said...
Vedanta targets 80-90% capacity utilisation on better bauxite supply
Vedanta is aiming at achieving of 80-90 per cent capacity utilisation this month, boosted by availability of bauxite from several sources, even as its plans for captive mining in Odisha remains thwarted by the ministry of environment & forests (MoEF) refusal to provide stage II forest clearance to...
Indonesia’s new mining law in effect, 3 new smelters about to start their production process
Indonesia Investment Coordinating Board BKPM announced three processing and mineral concentrate refineries (smelters) are in the construction phase and they expect them to be ready for production in Indonesia in 2014. Two of the smelters will process as well as purify iron ore, bauxite will be...
Indonesia Chemical Alumina is expected to absorb 670,000 Wmt of Bauxite
PT Indonesia Chemical Alumina, bauxite ore processing company into Chemical Grade Alumina (CGA) in Tayan, West Kalimantan, a subsidiary of PT Aneka Tambang Tbk (ANTM)or Antam is projected to absorb 670,000 wet metric tons (wmt) of bauxite this year. Antam’s bauxite reserves reach 108.8 million wmt...
Lack of Bauxite, AnRak Aluminium Ltd's aluminium plant seems to be in danger
AnRak Aluminium Ltd's aluminium refinery and smelter that has come up at Rachapalle in Makavarapalem mandal, nearly 70 kms from the city seems to be in trouble. Despite being completed over a month and a half ago at a cost of around Rs 4,500 crore, the 1.5 million tonne per annum capacity plant...
Pro Vedanta Group demands bauxite to run Vedanta refinery in Lanjigarh
Normal life was affected during a bandh observed at Lanjigarh in Odisha's Kalahandi district today demanding provision of bauxite mining facilities to Vedanta for smooth running of its alumina plant. During the shut-down, called by Lanjigarh Anchalika Bikas Parishad (LABP), local inhabitants took...
Tribal people seek complete closure of Lanjigarh alumina refinery
The Niyamgiri Surakshya Manch (NSS) has demanded that the Lanjigarh alumina refinery of the Vedanta Alumina Limited (VAL) in Kalahandi district be completely closed. The demand was made at a public meeting organised in Munikhol of Muniguda block in Rayagada district on Thursday to mark the success...
Bauxite Resources and Shandong discovers bauxite reserves in Darling Range, Western Australia
Potential bauxite reserves have been discovered at Darling Range tenements, Western Australia by Bauxite Resources and China’s Shandong. The new discovery made in the northern Darling Range and Wandering - Pingelly region is named "Dionysus" bauxite project . The Indonesian Government has put its...
Chinese firms cautious about building alumina refineries in Indonesia
Despite the Indonesian bauxite ban, Chinese firms are more careful about building alumina refineries in Indonesia, officials at one of the refineries in China said. One firm had cancelled its plans entirely. Bosai Minerals has withdrawn their plans to build a two million-tonne-a-year complex in...
Ministry of Environment rejects Vedanta’s Bauxite mining project at Niyamgiri
In a major setback to Anil Agarwal-promoted Vedanta Resources, the Ministry of Environment and Forests has turned down its proposal for bauxite mining at Niyamgiri hills in Odisha. Vedanta wanted to mine bauxite from Niyamgiri to feed its Rs 5,000-crore Lanjigarh alumina refinery in Odisha. “We...
Vedanta's Lanjigarh refinery hopes to run despite mining ban
On January 8, the proposal for providing the second round of forest clearing for Orissa Mining Corporation (OMC, which has a tie-up with Vedanta Aluminium for supplying Bauxite) was rejected by the environment ministry. OMC had proposed to get the forest cleared for mining ore in Lanjigarh reserve...
China’s Nanshan Aluminium to build smelter in first quarter of 2014
China’s second-biggest aluminum producer Shandong Nanshan Aluminium Co. Ltd. will begin construction of processing facilities and supporting infrastructure totaling US$5 billion in Indonesia in the first quarter of this year. Industry Minister MS Hidayat, who last week visited the firm’s integrated...
Private mining company asked to provide mining details
The deputy director office of geology and mining on Wednesday issued a notice to Kolhapur firm Swati Minerals to provide the details of mining activities in Udgiri in Shahuwadi taluka. The company has not provided the records and necessary documents of the mining activity despite the office order...
Two other potential bauxite sites identified at Bua
The Mining Company Arum Exploration Limited has identified two other potential bauxite sites in the same province of Nasarawaqa and Wainunu in Bua. This has been revealed as the British High Commissioner Roderick Drummond is on an official trip visiting major projects being carried out in the...
Investor pleads for environment fee reductions for bauxite projects
After successfully demanding for the coal export tariff reduction, the Vietnam Coal and Mineral Industries Group (Vinacomin) in 2013 asked for more tax incentives and preferential loans for the Lam Dong bauxite – aluminum and the Nhan Co alumin projects. To date, Vinacomin has got the nod from...
Utkal Alumina yet to reach full capacity
Utkal Alumina International Ltd (UAIL), a subsidiary of Aditya Birla owned Hindalco Industries, is yet to reach its full envisaged capacity of 1.5 million tonne per annum (mtpa) after starting of operation in June last year. So far, the company has managed to achieve 70-75 per cent capacity...
Rally against bauxite mining in Orissa, India
Activists of Gandhamardan Surakhya Yuba Parishad (GSYP), which spearheaded the ‘Oust BALCO’ movement in 1980s, pledged not to allow bauxite mining in Gandhamardan hill range at a public meeting organised to celebrate its 30th annual day on Wednesday. The celebration began in the form of a torch...
