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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Bauxite mine in Bua earned about $15million from bauxite export
The bauxite mine in Bua has raked in about $15million from the exported 300,000 tonnes of bauxite so far. Mine manager Basilio Vanuaca in an interview with this newspaper yesterday said a tonne of bauxite cost about $F50.00. "We have so far sent six shipments to China last month from the Northern...
Dongria tribes vow not to leave Niyamgiri for mining
Water, land and forest are our own. No Government can mine in our hill. We have been praying our ancestral land and hill for decades and we are living here because of them. If Niyamgiri is allowed to mine, there will be conflict and bloodshed. We won’t allow bauxite to be transported from the...
Lam Dong bauxite project will have economic effects: Vinacomin
After the Prime Minister agreed to halt the construction of Ke Ga Port, Deputy Prime Minister Hoang Trung Hai has requested the Ministry of Industry and Trade to assign the Coal and Mineral Industry Group Viet Nam (Vinacomin) to look for an alternative plan for production mining project of Tan Rai...
Bauxite Resources Limited Drilling Commenced on New Bauxite Prospect
Bauxite Resources Limited has commenced a program of work on exploration licence E70/2230 (known as Fortuna), adjacent to the 73.3Mt Felicitas bauxite resource. The bauxite rights to the Fortuna prospect are entirely BRL's while the Felicitas resource forms part of the Company's joint venture with...
Experts blast Tan Rai bauxite plant’s effectiveness
Although Tan Rai, Vietnam’s first bauxite plant, has already become operational and had its very first batches of products, experts close to the matter say the plant will be facing a paradox in which more products mean more losses. The US$460-million facility, based in the Central Highlands...
China to revive bid for Cape York bauxite deposit
China's biggest aluminium-maker will revive its controversial bid for rich bauxite deposits on Cape York Peninsula, pitching it against mining giant Rio Tinto and five other contenders. Chalco has moved after Queensland's Liberal National Party government dropped a condition the successful...
Opposition to protest against bauxite mining at Kimberley
Miners will be asked to relinquish leases on the Mitchell Plateau under the WA Labor's plans to establish national parks in the Kimberley region. If Labor wins Western Australia's March 9 state election, talks would begin with several companies that are exploring mainly for bauxite on the Mitchell...
Union Tribal Affairs Minister raises concern over mining in Visakhapatnam
Taking a firm stand against bauxite mining in tribal areas of Visakhapatnam, Union Tribal Affairs Minister V Kishore Chandra Deo has written a letter to the Mining Ministry for cancellation of all such licences in Andhra Pradesh. In a letter to Union Mining Minister Dinsha Patel on February 10, Deo...
Supreme Court of India reserves judgment on Niyamgiri mining case
The Supreme Court on Thursday concluded hearing in Niyamgiri mining case. But the court has reserved its judgment. The apex court has concluded hearing on Thursday. All parties have been asked to submit their written arguments by Monday. The court is expected to pronounce its order in few days,...
Supreme Court recommends modern facilities for tribals in Odisha
The Supreme Court has sought the Centre's view on inclusion of tribal people in the mainstream, saying they should be allowed to choose facilities such as roads, schools, hospitals and electricity in the wider debate over preservation of their habitat. The remarks were made by a three-judge bench...
Odisha villagers propose to pay Rs 35 crore to government to halt Hindalco's bauxite mining plans
Villagers protesting against Hindalco's plan to mine bauxite at Mali Parbat in the Koraput district in Odisha have come up with a unique proposal that offers to compensate the state for its loss in revenue from royalty. Forty one villages from the district, two thirds of whose largely tribal...
Jamaican Government seeks retroactive protection for bauxite levy breach
Jamaican Government is to offer mea culpa to Parliament, before seeking support for a Bill to validate its actions pertaining to the misuse of funds accumulated under the Bauxite (Production Levy) Act since 1999. A Bill to this effect, titled The Bauxite Act, was tabled last week by Minister of...
Vedanta’s wait for Bauxite to get longer as environment ministry denies forest clearance
The environment ministry has defended in the Supreme Court its decision to deny forest clearance under the Forest Rights Act (FRA) to Orissa Mining Corporation's plan to mine the Niyamgiri Hills to source bauxite for Vedanta's alumina plant, while simultaneously leaving the door open for possible...
Fiji overtaking Indonesia as a source of China’s bauxite
It is estimated that China’s Bauxite mining will extend to the North of Nawailevu,Fiji.By this,mining tasks in this district has been finished,while Aurum Exploration Limited Co. has offered China the sixth lot of Bauxite recently.As the Minister of Department of Mineral Resource said,since the...
RSB seeks long-term bauxite supplies
RSB Metaltech Ltd, part of the Odisha based RSB Group, has sought long-term bauxite supply for its 0.70 million tonne per annum alumina refinery proposed at Rayagada. “Considering the mega investment and the corresponding socio-economic development for the state arrangement of sourcing of bauxite...
Vedanta Aluminium seeks bauxite linkage from non-forest reserves
Vedanta Aluminium Ltd on Friday told Odisha government's inter-ministerial committee headed by finance minister Prasanna Acharya that bauxite reserves in non-forest area can be utilized to meet the needs of its one million tonne refinery, which has been shut down since December 5 due to...
Government to cancel Bauxite mining lease to UAE firm
The Centre is set to cancel bauxite mining leases given to the a Middle Eastbased company in Andhra Pradesh's tribal-dominated Vishakhapatnam district for violating Forest Rights Act and provisions of Panchayat Extension to Scheduled Areas (PESA) Act. The move may have impact on mining operations...
Vedanta Aluminium seeks bauxite to reopen Lanjigarh refinery
The Vedanta Aluminium Ltd (VAL) on Friday asked the state government to allot small bauxite deposits for its defunct Lanjigarh refinery to resume operation. The VAL chief operating officer (COO) Mukesh Kumar made a presentation here to highlight the refinery's plight and possible solution to the...
