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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Centre pulls up Odisha government for reluctance to hold gram sabhas, despite Supreme Court ruling
The Centre has raised concerns over Odisha government's reluctance to let all the gram sabhas in Raygada and Kalahandi districts decide the fate of Vedanta's alumina refinery and bauxite mining project in Niyamgiri as per the Supreme Court. Odisha government has told the Centre that it will conduct...
First Bauxite Corporation releases laboratory results on bauxite proppants
First Bauxite Corporation announces the positive results of conductivity testing conducted on 4 size fractions of Intermediate Strength Proppants ("Guyprop(TM)-ISP") manufactured in a laboratory, using bauxite from the Company’s 100% owned Bonasika 1 deposit, in Guyana. Stim-Lab, which conducted...
Centre terms state government's approach to Niyamgiri mining as "incorrect"
The Centre has told the Odisha government that it cannot take short cuts on the Supreme Court’s order to hold village meetings on Vedanta Aluminium's proposed bauxite mining in the Niyamgiri hills. The state government had told the tribal affairs ministry it would hold gram sabha or village...
Indian government seeks status report on MoUs from IPICOL
The State Government has sought status report from the Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) on 10 MoUs signed for projects in aluminium, cement, auto ancillaries and titanium. The projects of Vedanta Aluminium Ltd (VAL), Aditya Alumina, RSB Metaltech, ASO Cement,...
Geoscientists support bauxite mining in Niyamgiri Hills
Criticising undue political interference and NGO activism, a Odisha-based geoscientists’ body favoured bauxite mining atop Niyamgiri Hills, saying it would in no way affect the lifestyle of tribals and their century-old socio-cultural and religious practises. “With adequate safeguards provided for...
Nalco to boost alumina production capacity
India’s National Aluminum Company Limited (Nalco) and the country’s third-largest producer of aluminum, may soon be getting access to a new 65-million-ton bauxite reserve to expand its alumina refinery from 2.1 million tons a year to 3.1 million tons a year by 2016. A draft of a detailed project...
Amnesty urges holistic particpation for Vedanta mining project talks
International human rights advocacy group, Amnesty International, has urged the Odisha government to hold gram sabhas in all 80 odd Dongria Kondh Adivasi (Indigenous) and other Adivasi villages in Niyamgiri hills which are likely to be affected by bauxite mining for an alumina refinery of Vedanta...
Tan Rai bauxite plant to officially run this September
Mr. Le Viet Quang, Chairman, Lam Dong Aluminum Company, has said that the construction of the Tan Rai bauxite project in Lam Dong Province has been completed, with 1.6 million tons of bauxite ore mined. The first phase of this project is designed with a capacity of 650,000 tons of alumina a year....
Bauxite plant now features solar shingles
Sun City Energy recently installed one of the first integrated solar shingle roofing systems in the region on the new Saint-Gobain manufacturing facility at Bauxite in Saline County, according to Sun City President and CEO Pam Speraw. Saint-Gobain is the parent company of CertainTeed, which...
Nalco secures new bauxite mine for brownfield expansion
Nalco would be securing access to a new 65-million ton bauxite reserve to expand its alumina refinery from 2.1 million tons a year to 3.1 million tons a year, by 2016. According to a company official, the bauxite reserves at Pottangi, in the East Indian province of Orissa where the country’s...
Russia’s aluminium giant to invest $2 billion in refinery
Russia-based United Company RUSAL, the world’s biggest aluminium producer, plans to build a bauxite refinery in Indonesia to produce alumina, in order to benefit from the government’s ban on the export of unprocessed ores by 2014. Top executives from the company expressed their interest during a...
Ord looks to sell-off bauxite interests
Gold and base metals explorer Ord River on Tuesday announced that it would look to farm-out or divest of its Sarco bauxite and aluminium project, in Laos, in an effort to focus on its gold assets. The miner told shareholders that it was fully focused on becoming a gold producer within the next...
Utkal Alumina refinery goes on stream after two decades
After struggling hard for over two decades, Utkal Alumina International Limited (UAIL), a subsidiary of Hindalco Industries, has finally started trial production from its 1.5 million ton alumina refinery at Doragurah, near Kasipur in Odisha’s Rayagada district. During trial production, the plant is...
Aziana Limited acquires further bauxite acreage in Madagascar
Aziana Limited has extended the scale and scope its bauxite exploration project at Manantenina in Madagascar with the acquisition of additional exploration permits. The Soanomeiny blocks total 18.75 square kilometres and cover most of the area between the company’s Ampasimena and Esama Blocks,...
Indian Tribal Ministry objects to state move against SC order
The Union ministry of tribal affairs (MoTA) has objected to the Odisha government's decision to hold gram sabhas in only 12 villages of Niyamgiri hill slopes to decide the fate of bauxite mining for Vedanta Group’s alumina plant. In a letter to Odisha chief secretary BK Patnaik on Friday, the union...
Indian Tribal Affairs Ministry curtails village councils’ rights on Vedanta’s mining project
Despite the Supreme Court’s order, the village councils, or gram sabhas of the Dongria Kondh tribals may not be able to decide upon their traditional and religious rights against the mining interests of Vedanta. A narrow interpretation of the Supreme Court order by the tribal affairs ministry...
Indian court nominates two judges as Niyamgiri Gramsabha observers
Odisha High Court has nominated the district and sessions judges of Kalahandi and Rayagada to act as observers in the much-awaited Gram Sabha to decide fate of the proposed bauxite mining for Vedanta atop Niyamgiri Hills. “The High Court Registrar General has informed the state government about the...
Indian state government faces allegation of manipulating court order on bauxite mining
Lok Shakti Abhiyan president Prafulla Samantara on Wednesday alleged the Odisha government was attempting to subvert the recent order of the Supreme Court relating to holding gram sabhas for a decision on proposed bauxite mining in Niyamgiri hill for Vedanta Group’s plant and sought Odisha governor...
