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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Legal experts favour L&T, Vedanta JV on bauxite mining
Vedanta’s bid to secure alternate bauxite supply for its Lanjigarh refinery through a joint venture with L & T has received shot in the arm with several legal luminaries ruling out any legal hurdle in realisation of the proposal. Vedanta had entered into JV with L&T, which held prospecting licence...
Bosnia's Boksit signs bauxite delivery deal with local producer Alumina
Bosnian diversified company Boksit has signed a 31 million marka ($21.3 million/15.8 million euro) deal with local aluminum producer Alumina for the delivery of bauxite next year, local media said on Friday. Boksit will also intensify its activities to open new ore deposits as a basis to implement...
Glencore, Rusal to build alumina refinery in Indonesia
Two of the world’s leading commodities players plan to set up ore refineries in Indonesia to take advantage of the country’s policy banning unprocessed ore exports, beginning next year. Senior executives of the two companies, the world’s fourth-biggest diversified miner, Glencore Xstrata, and the...
Rio celebrates 50 years of Weipa mine and 500 million tonnes of bauxite shipped
Rio Tinto Alcan invites Weipa residents to its final community forum for the year, and to join in celebrating 50 years of operating and 500 million tonnes of bauxite shipped. Rio Tinto Alcan Weipa general manager, Operations, Gareth Manderson said this is the third year these mine tours have been...
Collector issues guidelines for bauxite mining trucks in Goa, India
South Goa collector N D Agrawal has issued an order with regards to regulating the movement of bauxite laden trucks from Shakti Bauxite mine at Naquerim, Betul, to the MPT harbour in Vasco. The order mandates that "one truck shall be allowed to come out from the mine in two minutes, in other words,...
Queensland Bauxite shares climb on news of bauxite discovery
The share price of junior Queensland Bauxite climbed by more than 57% on Tuesday on news of a bauxite discovery at the South Johnstone project, in Queensland. ASX-listed Queensland Bauxite said that extensive drilling and testing within the exploration permit had shown that at least half of the 61...
Queensland Bauxite discovers bauxite field at South Johnstone, Queensland
Queensland Bauxite looks set to trade higher after a further study of South Johnstone in Queensland indicates a bauxite field outside areas with known environmental issues. Extensive drilling and XRF testing has shown half of the 61 shallow holes to be relatively enriched in alumina and depleted in...
Noranda Jamaica Bauxite Partners slowed down capital spending in Sept
Noranda Jamaica Bauxite Partners expects to "substantially complete" dredging at its Discovery Bay port by year end. But capital spending on its US$20-million expansion project, which includes improvements in railing infrastructure used in its bauxite mining operation, slowed in the three months to...
Maaden to start producing bauxite from Q2, 2014
Saudi Arabian Mining Co. (Ma'aden) expects to start producing bauxite from a new mine in the second quarter of 2014, a company executive said on Wednesday. Ma'aden and U.S. partner Alcoa are developing a mine with the capacity to produce 4 million tonnes per year of raw material for their new...
Vietnam’s 1st bauxite plant gets tax breaks for imported parts
National Coal-Mineral Industries Group Vinacomin has received an import duty exemption from the Ministry of Finance on its machine spare parts for Tan Rai, Vietnam’s first bauxite plant that began official operations in September. Normally the government will consider a tax break for shipments of...
Alternative bauxite supplies continue to elude Vedanta
Vedanta Aluminium Ltd's (VAL) hope to source bauxite from Sijimali and Kutrumali mines in south Odisha's Rayagada and Kalahandi districts has hit a legal roadblock. Engineering giant L&T had originally obtained prospecting license (PL) over the two deposits. The grant of ML was expected to come to...
Trade union seeking bargaining rights for WINDALCO workers
The National Workers Union (NWU) says it will by next week be asking the Ministry of Labour to conduct a representational rights poll among employees at WINDALCO. The union is seeking bargaining rights for workers at the bauxite company. However, WINDALCO has reportedly rejected its efforts to...
Bauxite Resources sees China importing more bauxite from Australia
Australia’s Bauxite Resources expects China will source a greater proportion of its bauxite requirement from Australia and West Africa over the next decade, ceo Peter Canterbury said. The company is gearing up to support growth for an obvious supply gap in the market as a result of the uncertainty...
Australia’s Cape Alumina to start bauxite production in October 2015
Australian junior miner Cape Alumina expects construction at its Pisolite Hills project to be completed by mid-2015 and first bauxite production in late 2015, ceo Graeme Sherlock said on Tuesday. The Pisolite Hills project in Queensland, has a resource of about 134.6 million tonnes with the...
China looks at coal ash to serve as raw material for alumina
China’s bauxite imports are expected to remain stable but a future raw material for alumina could be coal ash, according to Sandy Kong, senior analyst at BGRIMM said. “Coal ash is forecast to be an important raw material in the future. Four tonnes of coal generates one tonne of coal ash,” she told...
Alumina refinery by AWAC & Ma’aden to start production in Q1 2014
Australia’s Alumina Ltd expects Saudi Arabia’s 1.8 million alumina refinery to start production in the fourth quarter of 2014, manager corporate strategy and development Andrew Wood told delegates at Metal Bulletin’s 3rd Asian bauxite and alumina conference. "Our joint venture with Ma’aden – 4...
Bua mine exports 500m tonnes of bauxite
Fiji’s Nawailevu mine in Bua has exported 500m tonnes of bauxite with the recent shipment leaving the country last week. Mineral Resources Department director Malakai Finau who recently visited the project site for inspection and monitoring purpose says operation at the mine is progressing well and...
WA project could support a 1.2 mt alumina refinery for about 50 years: Bauxite Resources
Bauxite Resources said its Felicitas project in Western Australia could support a 1.2 million tonne per annum alumina refinery for nearly half a century after it improved the site resource by 47.9%. Total unbeneficiated resources at the 48sq.km site stand at 218.7Mt at 30.1% available aluminium...
