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...
Grow with
AL Circle
Rio Tinto sees Gove bauxite export capacity at 7-8 mln tonnes
Rio Tinto expects to be able to export 7-8 million tonnes of bauxite a year from Gove in Australia's Northern Territory, the company's aluminium chief said on Tuesady. Rio last week said it was suspending operations at its loss-making Gove alumina refinery but would continue mining bauxite there...
Jamaican Bauxite engineers in demand
Noel Brown, academic and president of the Jamaica Institution of Engineers (JIE), said Tuesday that Saudi Arabia is just one of several countries currently recruiting Jamaican engineers and other workers from the bauxite sector for jobs abroad. Ma'aden Aluminium in Saudi Arabia - a joint venture...
Opposition protests Vedanta L&T bauxite deal
The BJP has opposed the state government's attempt to consider bauxite supply from two mines in Rayagada's Kashipur block to refinery of Vedanta Aluminium Limited (VAL) at Kalahandi's Lanjigarh. The two mines have been allotted to Larsen and Toubro (L&T). In a memorandum, submitted to the district...
Bauxite Resources Limited handed back trial mining land to its owner
Bauxite Resources Limited is pleased to announce that the area of private farmland that was used for the trial mining in 2009/10 has now been formally handed back to the owner following successful rehabilitation of the pastoral land. Following the trial shipment in March 2010 the eight hectares of...
Cape Alumina to meet Deputy Premier Jeff Seeney over mining ban
Resource company Cape Alumina, which stopped work on a major bauxite mine on far north Queensland's Cape York, will meet Deputy Premier Jeff Seeney about the impact of new environmental restrictions proposed for the region. Cape Alumina has spent more than $20 million on its Pisolite Hills venture...
Hydro initiates research collaboration on biodiversity in bauxite mining
The cooperation agreement with the University of Oslo and the three Brazilian research institutions Federal University of Pará (UFPA), Federal Rural University of the Amazon (UFRA) and Museu Paraense Emílio Goeldi (MPEG) was signed in Belém, Brazil, on Friday. The collaboration will include...
Second day of IBAAS-CHALIECO sees a number of reports on bauxite mining & aluminium
On the second day of IBAAS-CHALIECO International Symposium on Bauxite, Alumina & Aluminium in China; Russell Williams of Navasota Resources Inc. informed that they are in possession of about 700 Million to 1.5 Billion tons of high grade bauxite resources in Guinea and also discussed the ready...
Vedanta may have to wait longer for bauxite from L&T
A senior official in the Odisha government said there is no timeline for granting mining leases to two crucial mines of Larsen and Toubro Ltd (L&T), in what suggests Sesa Sterlite Ltd may have to wait longer before it gets bauxite from the construction company under a memorandum of understanding....
Vedanta chairman regrets $8 billion Aluminum project in India
Billionaire Anil Agarwal, who controls London-based Vedanta Resources Plc (VED), said he regrets investing $8 billion in an aluminum complex in India that’s faced a shortage of raw materials. “I could either invest in Vedanta Aluminium or I could have bought Asarco,” Agarwal said in an interview...
Chief executive Sam Walsh applauded by investors for Gove decision
Rio Tinto (RIO) was the FTSE 100's top performer for the second morning running on Friday after the mining major announced the suspension of production at its Gove alumina refinery. Chief executive Sam Walsh was applauded by investors for the decision, which he made because the refinery was deemed...
IBAAS-CHALIECO symposium inaugurated by CHALIECO President on 28th Nov in Nanning, China
IBAAS-CHALIECO symposium on ’Present Status and Future Prospects of Bauxite- Alumina-Aluminium Industry of the World, with Special Reference to China’ is inaugurated by Mr. He Zhihni, President CHALIECO on 28th November in Nanning. He talked about the spectacular growth of aluminium industry in...
Rio Tinto to suspend production at Gove alumina refinery
Rio Tinto will move to suspend alumina production at Gove and focus on its bauxite operations after determining the refinery is no longer a viable business in the current market environment. Rio Tinto will now work on the scope and phased timing of suspension and prepare for all potential outcomes...
With L&T deal through, Vedanta’s bauxite woes in Orissa largely over
Vedanta Aluminium Ltd's (VAL) $1-billion alumina refinery project at Lanjigarh will now have access to bauxite with the Orissa government getting favourable legal opinion on VAL’s sale-purchase agreement with Larsen and Toubro (L&T). The refinery currently has a capacity of 1 million tonnes (mt)....
Vedanta urges Odisha govt for bauxite mining lease to L&T
Vedanta Resources Plc Chairman, Anil Agarwal, accompanied with L&T chief A M Naik, today met Chief Minister Naveen Patnaik to press for early disposal of L&T’s application for grant of mining lease for Sijumali and Kutrumali bauxite mines as both the companies have entered into a pact to operate...
First Bauxite Corporation announces non-brokered private placement
First Bauxite Corporation announces that the Company is proceeding with a non-brokered private placement to Resource Capital Fund V LP for 40,000,000 common shares at a price of $0.125 per common share to raise total proceeds of $5,000,000. The Company anticipates that the Private Placement will...
Rio puts its Queensland bauxite project on hold
In a move that marks a fresh setback for Queensland's mining sector, Rio Tinto has told contractors in the state that it has put its $1.4 billion South of Embley bauxite mine on hold for as long as 18 months, according to The Australian Financial Review. The mine and port project had been approved...
Cape Alumina considers options after Cape York bauxite project gets suspended
Cape Alumina says it is trying to shore up its other mining interests in Queensland after the State Government scuttled its billion-dollar bauxite project on Cape York in the far north. A mining ban over the Steve Irwin Wildlife Reserve has forced the company to suspend all operations at Pisolite...
Federal Coalition MP calls mining ban at Cape York "appalling decision"
Federal Coalition MP Warren Entsch has hit out at the Queensland Government for jeopardising a major mining project on Cape York in the state's far north. Mr Entsch, the Member for Leichhardt, says the Queensland Government has made an "appalling decision" by banning mining on the Steve Irwin...
