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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BHP sells interests in Guinea alumina
There has been a change to BHP Billiton's long-held plan to exit what was once trumpeted as a $US5.2 billion ($5.29bn) alumina development opportunity in bauxite-rich Guinea. A plan in which BHP would have sold its one-third stake to the original promoter of the alumina project, Canada's Global...
Hydro signs development agreement with Pará government
Hydro was one of the first companies in Pará to establish a partnership for the benefit of local development, supported by an Intentions Protocol with the state, through its Secretariat of Industry, Commerce and Mining (SEICOM). The agreement will enable a development of a State Plan of New...
Dubai Aluminium and Mubadala amounted to 100% in the capital of Guinea Alumina Corporation
The UAE Dubai Aluminium Group and Mubadala, an investment fund owned by the government of Abu Dhabi, announced on May 16, they will rise to 100% in the capital of Guinea Alumina Corporation (GAC), by purchasing the shares of BHP Billiton and Global Alumina Corporation in society. Dubai Aluminium...
Vedanta hopeful of restarting Lanjigarh refinery by July
Diversified conglomerate Vedanta Resources expects to restart its alumina refinery in Odisha'sLanjigarh by July and is hopeful of securing approvals for doing mining at Niyamgiri hills in the state by September. "Management expects that the mining approvals for mining and the statutory approvals...
Vipeak bauxite crusher adopts advanced hydraulic power system
Create their own advantage, the fight for market initiative, sand making production line, continuous improvement and innovation. Efficient processing of sand and gravel is a key step of the mechanism sand maker processing equipment last step to ensure the quality of the equipment of the mechanism...
Despite uncertainty in bauxite mining, aluminum project comes up
Union Tribal Affairs Minister V Kishore Chandra Deo's singular opposition to bauxite mining in the forest areas of Visakhapatnam has a newly-built plant scouting for alternative sources. Anrak Aluminium Limited, one of the two companies that had entered into an agreement with the Andhra Pradesh...
Centre, Andhra government on collision course over cancellation of bauxite mining leases
The Centre is on a collision course with the Congress government in Andhra Pradesh over cancellation of bauxite mining leases in tribal dominated Vishakhapatnam district, with the state challenging the move and the tribal affairs ministry continuing to swear by the legislative rights of the forest...
Australia approves Rio Tinto's $1 bln bauxite mine
Australia approved on Wednesday miner Rio Tinto's $1 billion-plus South of Embley bauxite mine and port project in Queensland after a year's delay due to concerns about ships harming the Great Barrier Reef. Environment Minister Tony Burke said the project on the Cape York Peninsula could go ahead,...
Evaluation of Central Highland bauxite project necessary
The Central Highlands bauxite project includes Tan Rai alumina plant in Lam Dong Province and the incomplete Nhan Co alumina plant in Dak Nong Province. Tu was speaking at a seminar hosted by Vietnam Union of Science and Technology Associations (VUSTA) and the Ministry of Industry and Trade on the...
Bauxite Resources Limited announces Buy-back
Perth based bauxite explorer and developer, Bauxite Resources Ltd advises that it is implementing an on-market share buyback for up to 10% of its issued capital over the period of 12 months. Based on BRL's closing share price on 10 May 2013 ($0.12) this would equate to a maximum of $2.8 million....
Utkal alumina refinery to commence trial production
The Utkal Alumina International Limited, a unit of Hindalco Industries, plans to start trial production at its 1.5 million tonnes per annum alumina refinery in Odisha by the end of May, an official said Monday. The green field project at Doragurha near the district headquarters town of Rayagada,...
Two bauxite plants in Lam Dong at risk of loss
Based on recently released figures, the two bauxite mining plants in the Central Highlands province of Lam Dong are facing a risk of great losses, an official said. Dr Nguyen Thanh Son, director of the Hong River Delta Project Management Unit under the Vietnam Coal and Mineral Group, gave the...
Evaluation of Central Highland bauxite project necessary
Pham Quang Tu, director of the Office of Social Evaluation and Consultancy, on May 9 said that it is time to evaluate the bauxite project in the Central Highlands instead of waiting for Nhan Co alumina plant to do so. The Central Highlands bauxite project includes Tan Rai alumina plant in Lam Dong...
Chalco (Guizhou) secures mining rights to Maochang bauxite mine
The Ministry of Land and Resources announced Chalco (Guizhou) has obtained mining rights to Maochang bauxite mine. Chalco (Guizhou) is located in Guiyang’s Baiyun District, 22 km from Qingzhen city. MLR data show that close to 300 million mt in proven bauxite reserves have been discovered in...
Odisha's law department to submit its view on Indian Supreme Court order
The Odisha law department will submit its views on the Supreme Court order on Niyamgiri bauxite mining in 2-3 days, paving the way for the government to hold gram sabhas that will decide if mining activity can take place there. The opening of the Niyamgiri bauxite deposits is considered to be...
Bauxite Resources defines maiden resource for Fortuna in Western Australia
Bauxite Resources has defined an initial bauxite resource of 26.8 million tonnes for its Fortuna Project in the Darling Range of Western Australia, increasing its global bauxite resource by 14% to 223.3 million tonnes. The resource is less than 15 kilometres from existing rail infrastructure...
Newman Government releases five shortlisted bidders for $25 billion Aurukun bauxite deposit
The Newman Government has released the details of the five shortlisted bidders with the successful venture to be announced by the end of the year. The list includes Aluminium Corporation of China Limited who owned the lease for seven years; Glencore International AG; Cape Alumina Consortium; Rio...
Indian Central Government asks Odisha to publicize Supreme Court order on Niyamagiri
In a follow up to the Supreme Court order empowering the village committees to decide the fate of bauxite mining project in Niyamgiri hills, the Union ministry of tribal affairs has asked the Odisha government to take necessary steps to create awareness about holding of palli sabhas. The ministry...
