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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Scientists raise environment issues in Vinacomin’s bauxite project
Dr. Dang Trung Thuan, Chair of the Vietnam Geochemistry Association, feels that Vinacomin, the investor of the Central Highlands’ bauxite project – will find it hard to revert to the original state and recover the environment at the mining site. Vinacomin has committed to follow necessary steps in...
Bauxite Resources Limited announces upgrade of bauxite resource
Bauxite Resources Limited is pleased to announce a resource upgrade for the Felicitas bauxite deposit in the Darling Range Western Australia. The Felicitas resource is contained within the Company's Bauxite Alumina Joint Ventures ("BAJV") with Yankuang Resources Ltd. The resource is situated on a...
BelAZ supplies dump trucks for bauxite mining in Venezuela
The Belarusian automobile manufacturer OAO BelAZ has shipped a batch of five mine dump trucks with the carrying capacity of 90 tonnes to Venezuela, representatives of the company told BelTA. The BelAZ 75570 vehicles were sold to the company CVG Bauxilum C.A. The vehicles will be used at the Los...
District collectors get alerts on decisive gram sabhas for Vedanta's mining project
The Odisha Scheduled Caste and Scheduled Tribe development department has issued notices to the district collectors of Rayagada and Kalahandi, asking them to conduct hearings ahead of Gram Sabhas at Niyamgiri hill range, which will decide the fate of the bauxite mining project there. As per the...
Vedanta looking for bauxite supplies to restart alumina refinery in Odisha
The Vedanta Group is hopeful of tying up bauxite supplies to restart its alumina refinery in Lanjigarh, Odisha within the next 1-2 months. Vedanta Aluminium Limited (VAL), the group arm which operates the unit, is in talks with a clutch of private miners in Jharkhand, Chhattisgarh besides Gujarat...
Vietnam's deputy PM eases bauxite project worries
Vietnam's deputy Prime Minister Hoang Trung Hai has confirmed that the bauxite project in the Central Highlands region will bear fruit in the long run, easing public worries about the economic efficiency of the project. The project has been given the green light from the Party’s Political Bureau...
Odisha to conduct village meetings to ease mining deadlock
The Odisha SC & ST department will instruct the district administration of Kalahandi and Rayagada soon to initiate work at the field level for conducting gram sabhas for deciding the fate of bauxite mining at Niyamgiri hills. Despite the Supreme Court (SC) verdict dated April 18, the state...
Guinea's bauxite market headed for an impasse
Guinea’s ambitious bauxite market is set to be marred by the pull out of foreign investment and its own political unrest. In March, president Alpha Conde pledged to triple production to 61 million metric tons by 2016-17 and account for a quarter of the world's bauxite production by 2020. But...
Australia allows mining on proposed world heritage site
Australian Environment Minister Tony Burke has approved Rio Tinto Alcan’s new South of Embley bauxite mine on Cape York, the Queensland peninsula that the Australian government intends to propose as a UNESCO World Heritage site. Announcing the approval May 15, Burke said with the 76 strict...
Vinacomin clarifies tax confusion
The Viet Nam National Coal-Mineral Industries Holding Corp (Vinacomin) has clarified a statement on the export of alumina. It has said that a zero tariff would apply, but that it did not extend to the export of aluminum ore, for which tariffs of 15-40 per cent were applicable. The comment followed...
Potash Ridge commences pilot scale test work for its Blawn Mountain Project
Potash Ridge Corporation announced that it has commenced pilot scale test work for its Blawn Mountain Project. The primary objectives of the pilot scale test work are to confirm the results of historic pilot plant testing, confirm the results of current bench scale testing on a continuous basis,...
BOSAI rents gensets to ease electricity woes
BOSAI Minerals, the Chinese bauxite company operating in Linden, has rented three generator sets to resume production and provide electricity to the town, the company said in a brief update. A company spokeswoman said that the town- Mackenzie and Wismar- was likely to experience some power outages...
Australian Bauxite to take advantage of developments in global bauxite market
With its first Tasmanian mining lease well on the way to being granted, Australian Bauxite is poised to take advantage of favourable developments in the global bauxite market. Australian Bauxite’s (ABx’s) carefully planned success began in 2006 when chief geologist Jacob Rebek started looking for...
Vinacomin claims end to Nhon Co bauxite project would cause major losses
Vinacomin said that it had considered a halt to the Nhan Co bauxite project, but was scared about the major losses in its investment. At a press conference of the group on May 16, Vinacomin spokesman Nguyen Tien Chinh said, “We’ve spent a huge amount of money on the project. The EPC contract has...
Bauxite Resources' new chief executive officer takes the reins
Bauxite Resources new chief executive officer and executive director Peter Canterbury has commenced employment today. Canterbury joins Bauxite Resources from Sundance Resources, where he had been the chief financial officer for the past six years. He played a key role in rebuilding the company as...
Rio rejects bauxite mine shipping claims
Rio Tinto Alcan has responded to claims a new bauxite mine on Queensland's Cape York would result in an additional 900 shipping movements. The mining company says the claims from the Australian Marine Conservation Society are wrong and the South of Embley project would only have an extra 60 bauxite...
Rio Tinto wins go-ahead for South of Embley bauxite project
Federal Environment Minister Tony Burke has finally given Rio Tinto the go-ahead for the $1.4 billion South of Embley bauxite expansion near Weipa on Cape York Peninsula, more than a year after the miner was sent back to the approvals drawing board to deal with Great Barrier Reef shipping concerns....
Dubal and Mubadala to fully acquire Guinea Alumina Corporation
Aluminium and Mubadala said they will acquire the remaining part of Guinea Alumina Corporation they don’t already own, a move that secures long-term access to bauxite used at UAE smelters. The two parties are purchasing the interests in GAC from BHP Billiton and Global Alumina Corporation, the two...
