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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Nalco simmers down its smelter as LME prices stay low
Sitting on rich resources of bauxite and coal, Odisha is an ideal centre to produce aluminium, the domestic demand for which is to continue to grow at an annual rate of at least eight per cent. Odisha has a share of 1.81 billion tonnes (bt) of the country's bauxite deposits of about 3 bt. The state...
Non-ferrous metal production/manufacturing facility being created in northern Kazakhstan
The clusters of non-ferrous metallurgy and transport machine building are being created in northern Kazakhstan, akim (governor) of Pavlodar oblast (province), Yerlan Aryn said on Friday. "We will build a cluster of non-ferrous metals on the basis of the Pavlodar aluminium and electrolysis plants,"...
Odisha govt submits reports to Centre on 12 village councils in Niyamgiri
Odisha government submits Centre reports on 12 village councils, held in Rayagada and Kalahandi dists to decide Vedanta's mining plan in Niyamgiri. The report will be submitted at the Supreme Court. The state government had conducted village councils complying with the decision of the Supreme...
Fresh calls to investigate bauxite produced by Rusal Aughinish
There have been fresh calls this week for an investigation to take place on the disposal of red bauxite on the banks of the Shannon, which comes from the Rusal Aughinish site. The Russian-owned company, which produces alumina, is two years into a project which sees the disposal of 1.2m tonnes of...
Aneka Tambang explores CGA alumina market in Tayan
PT Aneka Tambang (Persero) Tbk (ANTM), a state-owned enterprise in the mining sector, is exploring the marketing of Chemical Grade Alumina (CGA) plant located in Tayan, Sanggau District, West Kalimantan. The factory processing bauxite into CGA will start a commissioning at the end of October. Tri...
Chinese, Indonesian Companies sign deals to build a bauxite and aluminium processing plant
Chinese President Xi Jinping brought a passel of investment deals with him on his visit to Indonesia, with companies from the two countries signing agreements valued at $28.2 billion on projects ranging from commodity production and processing to railway infrastructure and an aircraft financing...
Petition to halt Bauxite Mining project at Steve Irwin Wildlife Reserve fails
A Petition from Australia Zoo owner Terri Irwin demanding a halt to a bauxite mine development inside the Steve Irwin Wildlife Reserve has fallen short, with Mines Minister Andrew Cripps saying it would be decided by "due process". Cape Alumina's Pisolite Hills project will begin construction...
Votorantim Metais’ Alumina Rondon project will start operations by 2017
Votorantim Metais’ (VM) Alumina Rondon project, an alumina refinery located close to a bauxite mine in the north of Brazil, is expected to start operations in 2017, Carlos Gatti, the project’s operation manager told Metal Bulletin. VM is currently concluding feasibility studies and construction...
Vedanta looks beyond Niyamgiri for bauxite supplies
After 12 village councils completely rejected bauxite mining in the Niyamgiri hills, Vedanta is now looking beyond the area to source raw material for its Rs. 5,000 crore Lanjigarh alumina refinery in Odisha and is hopeful of securing an alternate mine soon. "Niyamgiri was a very small deposit and...
Vietnam-Laos bauxite transport pipe construction approved
The Quang Nam Provincial People's Committee has allowed the Vietnam Import Export and Construction Corporation (Vinaconex) and its Lao partner – the Laos Minerals Company, to build a pipe to transport bauxite from the Laos to the Chu Lai Economic Zone. According to Vinaconex, the bauxite mine in...
Union minister for rural development requests Vedanta to find another bauxite excavation site
Union minister for Rural Development Jairam Ramesh today said the state government and Vedanta Aluminium Limited (VAL) should find another place to excavate bauxite to feed the company’s refinery plant located at Lanjigarh. Minister Ramesh said this while addressing media at Congress HQs in...
Cape Alumina merger deal gets its bauxite project under way
Cape Alumina is set to secure funds to progress its $396 million bauxite project under a merger deal with coal junior MetroCoal. The companies have announced a scheme of arrangement merger that will create a $28m diversified resources house with the aim of developing the Pisolite Hills bauxite...
Vedanta confident of getting alternative mine for Niyamgiri project
Though all 12 village council voted against allowing Anil Agarwal’s Vedanta Aluminium to mine bauxite in Niyamgiri, the Vedanta Group executive chairman remains optimistic the Orissa government will soon allot another mine for the 1-million-tonne (to be expanded to 5) refinery. There is a lot of...
Votorantim signs protocol of intent with Seicom for mining & refinery project
Brazilian metals company Votorantim Metals has signed a protocol of intent with Seicom, Para state's industry, mining and commerce department, as part of the latter's plan to attract new businesses to its mining and metals industry. As Votorantim gets ready to start work on its Alumina Rondon...
Cape Alumina and Metrocoal in posssible merger
Junior resources companies MetroCoal and Cape Alumina are expected to announce a deal today after both companies halted trading in their shares ahead of finalising a corporate merger. Cape Alumina has a market capitalisation of $13 million and Metrocoal is valued at $8m. "The trading halt is...
Antam’s Tayam Plant on track to open by late October
Antam’s $490 million chemical-grade aluminum plant in Tayan, West Kalimantan, is nearly complete. The state miner expects to start operating the plant at the end of October, on track with its original target. The Jakarta-based Antam said in a statement on Wednesday that as of the end of August, the...
Traditional owners North Queensland got back parts of land proposed for bauxite project
Traditional owners from five clans in far north Queensland have now taken control of a parcel of west Cape York land earmarked for a multi-billion-dollar bauxite project. The deeds to the land were handed over yesterday to the Ngan Aak-Kunch Aboriginal Corporation at a ceremony in Aurukun, north of...
Rio and Chalco opted out of Aurukun bauxite deposit
Mining major Rio Tinto and Chinese owned Chalco have opted out of bidding for the $20 billion Aurukun bauxite deposit in Cape York, leaving Glencore and Australia Indigenous Resources in the race. The Queensland government released a shortlist of five bidders to pitch for the Aurukun deposit in...
