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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XINFA Bauxite Mining Group invests in community projects in Bua, Fiji
THE XINFA Bauxite Mining Group injected about $1.2million into the Vanua Levu economy last year in the form of workers salaries. Group executive director Sang Lei said they were expecting more this year taking into account the amount of financial help they had been diverting towards...
First Bauxite saw remarkable increase in share prices
Last week, the share prices of a number of junior resource companies on the TSX Venture Exchange increased. Among those, First Bauxite saw remarkable increase in the share prices. First Bauxite, the Canadian natural resources company rose 27.27 percent last week. First Bauxite explores and develops...
Glencore Develops Mineral Processing and Refining Plants in Indonesia
Glencore Xstrata Plc (GLEN), multinational company engaged in mining, oil and gas and commodity trade sector, will construct mineral processing and refining plants in Indonesia, if the government realizes mineral export ban next year. MS Hidayat, the Minister of Industry, said Glencore is...
Mine produces 700,000 tonnes of bauxite
More than 900,000 tonnes of dry metric tonnes of bauxite was extracted by the XINFA Bauxite Mining company in Nawailevu, Bua this year. Group executive director Sang Lei said the portion of bauxite produced more than 700,000 tonnes of bauxite. Mr Lei said since they begun operations on June last...
Australian bauxite miners are pinning their hopes on a new market in China
Australian bauxite miners are pinning their hopes on a turnaround in the struggling industry, with a new market likely to open up in China. Indonesia has long satisfied China’s growing hunger for bauxite to feed its aluminium smelters, which has prevented Australian companies from entering the...
Indopura to Start Building $500m Alumina Plant
Indopura Resources, a joint venture between companies from Indonesia, Singapore, and China, started the construction of its $500 million chemical grade alumina plant in Kubu, West Kalimantan, in an attempt to tap rich bauxite resources in the region. Indonesia is seeking to reap more added value...
Fiji achieves success in Bauxite mining
About $28.8million worth of bauxite has been exported to China from Bua mines at Fiji this year. This is equivalent to 12 shipments of bauxite sent from Bua in the North. Acting Commissioner Northern Alipate Bolalevu said the mining investment at Nawailevu in Bua had been a success. He said the...
Tribals step up stir at Hindalco bauxite mining site
Tribals at Koraput in Odisha have threatened to intensify their stir, if Hindalco went ahead with its plan of resuming bauxite mining at Mali Parbat. The mine used to feed the company’s aluminium plant at Renukoot in Uttar Pradesh. Spread over 270 acres, the mine stopped operation in 2010 in the...
Bauxite Resources' CEO speaks to Investors about resource growth and opportunities in China
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Vedanta despairing about aluminium investment in India
Leading metal makers such as ArcelorMittal and Vedanta will be keen on more work in India but for the dispiriting project delays, especially those pertaining to sanctions for mines. In an interview with Bloomberg TV, Vedanta Chairman Anil Agarwal regretted his $8-billion investment in the country's...
Congress seeks probe into bauxite mining in kerala, India
KPCC president Ramesh Chennithala on Thursday demanded the cancellation of the sanction given for bauxite mining at Kadaladi Para in Kasaragod. He also demanded a probe into the circumstances under which the previous LDF government awarded the sanction in 2007. Chennithala raised the demands in...
Chennithala to visit mining site
KPCC president Ramesh Chennithala will visit the proposed bauxite-mining site at Kinalur panchayat in Kasargod. In a statement here on Monday, he said the previous LDF government had given sanction to Maharashtra-based Ashapura group for mining bauxite. However, the State government issued a notice...
Australian Bauxite granted a trading halt
Australian Bauxite has been granted a trading halt today, pending details of a capital raising. Australian Bauxite shares are currently in pre-open. The halt will remain in place until the opening of trade on Thursday 12th December 2013, or earlier if an announcement is made to the market.
Lennon joins miner's board of Australian Bauxite Ltd
Former premier Paul Lennon has joined the board of a Sydney-based company planning to mine bauxite near Launceston. Australian Bauxite Ltd has three exploration tenements in the North and hopes to next year open a mine and export bauxite to China for smelting into alumina and then aluminium. The...
Mayor says bauxite mine closure could end a bitter dispute in Cape York
The Mayor of an Aboriginal Shire in far north Queensland's Cape York says the closure of a bauxite mine could end a bitter dispute in the town. Cape Alumina is abandoning its Pisolite Hills project on the Western Cape after the State Government banned mining in the Steve Irwin Wildlife Reserve....
Resource Capital Fund V L.P. announces further investment in First Bauxite Corp.
Resource Capital Fund V L.P. is pleased to announce that it has completed a subsequent $5,000,000 investment in First Bauxite Corporation. RCF has acquired 40,000,000 common shares of the Company pursuant to a private placement by the Company at a price of $0.125 per Share. The Shares represent an...
Cape Alumina shifts focus to Bauxite Hills mine and port project
Bauxite developer Cape Alumina told shareholders on Friday that its entire focus would now shift to the development of the Bauxite Hills mine and port project, in Queensland, after the state government effectively canned the company’s Pisolite Hills project. In November, the state government...
Cape Alumina officially abandons Cape York bauxite project
Cape Alumina has officially announced it has abandoned its $1.2 billion Pisolite Hills mining project in far north Queensland's Cape York region but will push ahead with its nearby Bauxite Hills project. Last month, the State Government banned mining on the Pisolite Hills site, after declaring the...
