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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Congress seeks Odisha CM's apology on Niyamgiri
As the ninth successive gram sabha rejected mining in Niyamgiri hills on Thursday, the Congress chose to rub salt onto the wounds of an embarrassed Naveen Patnaik Government with Union Minister Srikant Jena demanding an apology from the Chief Minister. With all the villages going against mining,...
After the failure at Niyamgiri, Vedanta is eyeing the bauxite mine at Amarkantak
With more than half the gram sabhas in Orissa's Rayagada and Kalahandi districts opposing bauxite mining in the Niyamgiri hills, Vedanta Aluminium Ltd is working on a two-pronged back-up plan to source the key raw material. The company is understood to have identified 25-26 small closed mines owned...
Odisha: Cong leaders praise tribals for opposing mining
Congress leaders on Thursday congratulated the Dangaria Kandha tribes of Kalahandi and Rayagada districts of Odisha for their united stand against the proposed bauxite mining plan atop Niyamgiri Hills for Vedanta. The praise on the particularly vulnerable tribal group (PVTG) was showered at the...
Vedanta Aluminium's fate lies in the hands of a local tribe
For at least five years now, a tribe in India’s eastern state of Odisha has being steadfastly opposing the mining of bauxite by Vedanta Aluminium Limited (VAL), a unit of the multinational Vedanta Resources run by billionaire Anil Agarwal. The opposition has been so fervent that the...
Ghana to create 2.3 million jobs in Aluminium sector
Ghana is set to create more than 2.3 Million jobs under the Integrated Aluminium Project, which has been described as the key to growing the economy with a capital injection of about 8billion dollars. Under the Integrated Aluminium Project, an Aluminium refinery is to be constructed to refine the...
No solution in sight for Vedanta's Niyamgiri bauxite mining project
Amid the overwhelming opposition to the Niyamgiri bauxite mining project at the recently held gram sabhas, Vedanta Aluminium is in a quandary on a sustainable alternative for its one-million-tonne Lanjigarh refinery. Though the company has applied for prospecting licences and mining leases at 26...
Eighth gram sabha too votes against Niyamgiri mining
The tribals of Ijurupa village in Kalahandi district today unanimously voted against the plan to mine bauxite on top of Niyamgiri hills, making it the eighth palli sabha in a row to reject the mining plan. The view of the tribals was along the expected lines after seven gram sabhas had voted...
Anrak bracing up to commission refinery on Vedanta model
Anrak Aluminium Limited (AAL), which has almost completed work on its 1.5 million alumina refinery at Rachapalle in Makavarapalem mandal, about 100 km from here, is exploring various options to source bauxite ore with no indications to allow AP Mining Development Corporation to take up mining in...
Jolt for Vedanta as mining in Niyamgiri Hills voted out by 7 villages
Vedanta Resources Plc's plans to mine bauxite to feed its alumina refinery in Odisha have suffered a blow after a majority of local residents voted against mining around the hills they consider sacred. Failure to source bauxite from within the state might force the London-listed company to...
Noranda employees switch bauxite duties for charity
Thirty employers of Noranda Bauxite Partners Jamaica in Discovery Bay, St Ann, ditched their duties for two days recently to concentrate on helping less fortunate persons at the Widow's Mite orphanage in Murray Mountain in the parish. The team was accompanied by general manager of United Way of...
Ghana could lose over $350 billion of revenue from the bauxite industry: VALCO
Ghana could lose over $350 billion of revenue from the bauxite industry if measures are not put in place to establish a refinery and integrate the various players in the precious minerals’ value chain. This is according to the Volta Aluminum Company (VALCO). A conservative estimate of Ghana’s...
Vedanta Alumina might ask for alternative mining site
Anil Agarwal’s Vedanta Alumina, a unit of the London-listed Vedanta Resources, might ask the Odisha state government for a alternative mining site after its proposed mining project in the Niyamgiri hills range suffered a fresh setback today. The seventh village, of the total 12, today rejected the...
Fifth village council too votes against Niyamgiri mining
The fifth gram sabha on Niyamgiri bauxite mining project, held at Talberi village in Kalahandi district on Thursday, followed the pattern of the previous four gram sabhas and rejected the proposal outright, asserting socio-cultural and religious rights over the Niyamagiri hill. Out of 15 eligible...
Fourth village Council too rejects Niyamgiri mining plan
The villagers of Kunakeda, a Dongaria Kondh village in Kalahandi district, today unanimously rejected the proposal for mining in Niyamgiri, claiming community and religious rights over the entire hill range. It was the fourth out of 12 palli sabhas to be held in Rayagada (7 villages) and Kalahandi...
BJP urges government to involve Odisha villages in mining decision
BJP vice president Jual Oram Tuesday urged the government to hold gram sabhas (meetings) in all villages in Odisha's Niyamgiri hills to take a decision on the bauxite mining project in the region. The former MP said he met Union Tribal Affairs Minister V. Kishore Chandra Deo in New Delhi Monday and...
Third village council too rejects mining project in Niyamgiri
Continuing the opposition to bauxite mining in the Niyamgiri hills, the third palli (gram) sabha held here in Trilochanpur panchayat adopted a unanimous resolution on Tuesday not to allow digging of bauxite ore from their area. Amid heavy bandobust, the gram sabha, home to 22 OBC families, repeated...
Vedanta Aluminium optimistic of getting bauxite from Odisha
Days after restarting its refinery in Odisha's Kalahandi district following a seven-month shutdown due to a bauxite scarcity, Vedanta Aluminium Limited is optimistic about getting the ore from the state itself. "If aluminium industries cannot survive in Odisha, having huge bauxite reserves, then...
State pushing for reservation of Karlapat mines for OMC
At a time when all attention is focused on the outcome of gram sabhas in Niyamgiri Hill Range with regards to proposed bauxite mining, the State government is pushing for reservation of Karlapat mines in favour of Odisha Mining Corporation. According to Steel and Mines department sources, documents...
