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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State team notes improvement in Bua bauxite mine
A Government monitoring team that visited the bauxite mine in Bua last week has noted improvements in the state of the site. Divisional environment officer North Senimili Nakora said the visit was part of the monthly visit and meeting with the bauxite team. "The visit was to facilitate the monthly...
Rio Tinto waits for green light on $1.3b Weipa mine expansion
Rio Tinto Alcan expects construction of its $1.3 billion bauxite mine expansion near Weipa to start this year. The company has delivered its final environment impact statement to the Federal Government and is hopeful of approval of South of Embley for a construction start before the wet season...
Lucintel projects good growth in global bauxite mining industry through 2018
The global bauxite mining industry is forecasted to reach $10.6 billion by 2018. The industry is consolidated with the top 10 players dominating the market. Competitive rivalry is high with a low threat of entry from new players and high exit barriers in bauxite mining industry. Players use...
Bauxite Resources Ltd provides an update on bauxite exploration activities in Western Australia
Perth-based bauxite explorer and developer, Bauxite Resources Ltd is pleased to provide an update on bauxite exploration activities in its northern Darling Range tenement area, Western Australia. An exploration drilling campaign has been completed on the Company's Fortuna prospect, located on...
Bauxite mining project to likely create 45 local jobs
Production at a proposed new bauxite mine in the state's North could start midway through next year, creating up to 45 jobs. A Chinese company has invested in two projects, the other being based in at Goulburn South, in southern New South Wales. Australian Bauxite Limited and Chinese aluminium...
Green group wants Cape York bauxite plans downsized
The Wilderness Society says it could support a proposed bauxite mine on western Cape York in far north Queensland if it was significantly scaled back. Rio Tinto Alcan has released a final environmental impact statement for its proposed South of Embley project at Weipa. Wilderness Society spokesman...
No guarantee on Steve Irwin reserve's safety from mining
Queensland Mines Minister Andrew Cripps has refused to rule out mining in the Steve Irwin Wildlife Reserve on Cape York in the state's far north. More than 600 people, led by Terri Irwin, had signed a petition calling on the Government to ensure no mining applications would be approved in the area....
Australian Bauxite signs term sheet agreements with Xinfa Group
ASX-listed Australian Bauxite has signed term sheet agreements with Chinese aluminium producer Xinfa Group to develop the Tasmanian and Gouldburn South bauxite projects. Under the terms of the transaction, Xinfa would pay $500000 as an exclusivity payment for a five-month due diligence period. This...
Indian government's confusing signals confound tribals
The tribals believe that the standoff between the state government and Union ministers Kishore Chandra Deo and Jairam Ramesh has virtually ignored them. The state government's determination to go ahead with the mining process despite the stiff opposition from within the party has further confounded...
Indian government's stand on bauxite mining slammed
The State government’s stand on bauxite mining in Scheduled Areas has drawn flak from the Human Rights Forum. Ridiculing the stand taken by the Industries and Commerce Department that the permission of the Gram Sabha was required for prospecting only minor minerals under the Panchayats (Extension...
Indian political party urges State Governor to safeguard the interests of tribals
Progressive Democratic Front floor leader in Legislative Council M.V.S. Sarma has urged Governor E.S.L. Narasmihan to exercise powers under V Schedule of the Constitution to safeguard the interests of tribals and ensure that Centre’s order cancelling bauxite mining leases granted to the APMDC was...
Nalco to surrender 2,100 hectares of mining land
National Aluminium Co Ltd expects the proposal to surrender part of its mining land in the Panchpatmali bauxite deposit area will soon be cleared by the state mines department. Nalco intends to surrender 2,087 hectares of its 3,404 ha mining lease area, where no bauxite deposit was found after...
Indian state government in a fix over bauxite mining leases
The State government has found itself on a sticky wicket over the bauxite mining issue after the Centre directed the State government to rescind leases granted to the APMDC in Visakhapatnam. The Centre’s insistence and the pressure exerted by Union Ministers V. Kishore Chandra Deo and Jairam Ramesh...
Nalco targets 10% higher sales turnover in financial year 2014
National Aluminium Company Limited has signed an MoU with the Ministry of Mines, on production and financial targets for the 2013-14 financial year. As per the MoU signed today in New Delhi, the company's sales turnover target has been fixed at $1.43 billion, which is about 10% higher than that of...
Nalco confirms investment in 1 million mt/year Gujarat alumina refinery
India's Nalco Monday confirmed it plans to invest in a 1 million mt/year alumina refinery in the state of Gujarat that is scheduled for completion in 2017. The project was officially announced last August by then Nalco chairman and managing director B.L. Bagra at the company's AGM. Bagra did not...
Indian opposition party vows to oppose bauxite mining
The State Government seeking the Central Government to review bauxite mining in Visakha Agency was only to go ahead with the mining, but any attempt to start mining would lead to serious consequences, CPI(M) district secretary Ch. Narasinga Rao said at a press conference here on Saturday. While...
Angola still interested in bauxite exploration in Guinea Bissau
Angola’s Foreign Affairs Minister, Georges Chicoti said on Thursday in Luanda that Angola was still interested in bauxite exploration in Guinea Bissau, but for that to happen there would need to be “a climate of peace.” Chicoti was reacting to recent accusations from the Guinea Bissau government...
CRU launches new bauxite long term market outlook
CRU, independent commodity industry analysts and management consultants in the global metals, mining and fertilizer industries, have launched their new Bauxite Long Term Market Outlook, which provides detailed forecasts of the global bauxite industry. CRU’s team of industry experts has compiled the...
