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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Australian Bauxite granted a trading halt
Australian Bauxite has been granted a trading halt by the ASX pending an announcement regarding a proposed capital raising. The company recently declared a 3.5 million tonne maiden bauxite resource for its Mining Lease ML80126 in Queensland. This allows Australian Bauxite to define a resource size...
Bauxite shares gain with appointment of new CEO
Shares in Bauxite Resources jumped on the ASX today after the Perth-based miner announced the appointment of former Sundance Resources executive Peter Canterbury as chief executive. Bauxite Resources chairman Barry Carbon said Mr Canterbury was the ideal choice to lead the company through its next...
Vedanta struggles for Bauxite linkages
Vedanta Aluminium, a unit of Anil Agarwal-owned London-listed Vedanta Resources, is still struggling for bauxite linkage even after it was forced to close down its one million tonne refinery two months ago due to non-availability of bauxite - the key raw material used to produce alumina. The Naveen...
Vimetco Bauxite Mining Company in Sierra Leone is showing positive changes
Since the South African management, headed by Theo Keyter took over the Vimetco Bauxite Mining Company, positive changes have started taking place in the company as confessed by the hitherto aggrieved workers and community people. I recently visited the company office at the Gondama Plant Site...
Red Mud project in Jamaica no danger to environment
The pilot plant being established to undertake the extraction of rare earth elements from the island’s bauxite waste (red mud), will have no negative impact on the environment, says Executive Director of the Jamaica Bauxite Institute (JBI), Dr. Paris Lyew-Ayee. The assurance has come following...
Bauxite Resources Limited appoints New CEO
Bauxite Resources Limited is pleased to announce the appointment of Mr Peter Canterbury as its new Chief Executive Officer (CEO) and Executive Director. Mr Canterbury joins Bauxite Resources from Sundance Resources Ltd., where he has been the CFO for the past six years. He played a critical role in...
IBAAS CHALIECO 2013 to be held in Nanning, China during November 2013
International Bauxite, Alumina & Aluminium Society (IBAAS) announces the organization of second International event in Nanning, Guangxi, China during November 28 to 30, 2013 in cooperation with the CHALIECO. The title of the IBAAS – 2013 symposium is "Present Status and Future Prospects of Bauxite-...
Government’s current PR stunt on bauxite industry fails to fool the bauxite community in Guyana
The current public relations stunt by the Government of Guyana on matters relating to the bauxite industry have not and will not fool the communities and workers whose lives are directly affected by bauxite. December 2012 marked three years since the Bauxite Company of Guyana Incorporated (BCGI)...
Guinea’s New Mine Code to Keep Companies Profitable
“Guinea’s mining code amendment will be business friendly and will allow bauxite producers to compete internationally”, Mines Minister Mohamed Lamine Fofana said. The country consulted with companies on amendments to the 2011 law to ensure producers remain profitable even though Guinea is further...
RUSAL plans to develop the largest bauxite deposit and alumina refinery in Guinea
Within six years, UC RUSAL plans to develop the largest bauxite deposit in Guinea and to build an alumina refinery. These plans surprised the experts, since the company already has a plant there, the Friquia, which is sitting idle. Professionals in the field think alumina production in Russia, made...
More bauxite discovered in Fiji
Aurum Exploration Company has discovered more bauxite in other parts of Vanua Levu. This was confirmed to FBC News by the company’s managing director – Isireli Dagaga. i-Taukei news editor Apisalome Coka is in Labasa and filed this report: “Dagaga says they discovered bauxite at other areas in...
Bauxite Resources updates Quarterly Activities and Cashflow Report
Bauxite Resources Limited continues to focus primarily on evaluating bauxite prospectivity in the Darling Range and exploration throughout the Company's extensive tenement holding. Currently BRL holds 22,500km2 in Exploration Licences in the Darling Range of south west Western Australia. The...
Bauxite mining to expand to the north of Nawailevu in Fiji
Bauxite mining is expected to be expanded to the north of Nawailevu in Bua after works have been completed at the current site. Director of Mineral Resources Malakai Finau said it is not a new site but the areas have been divided into two parts. He said Aurum Exploration Limited is loading the 6th...
Govt, UC Rusal to ink bauxite deal by january end
The Government is hoping to reach an agreement with Russian company UC Rusal by month end on the timeline for the reopening of the Alpart and Kirkvine bauxite plants. The downturn in the global aluminium market forced the company to close the plants in 2009. UC Rusal has cited the high cost of...
Bauxite companies in Guyana bullish on production growth
Bosai Minerals Group and Bauxite Company of Guyana Inc (BCGI)–a subsidiary of Russian bauxite company Rusal–have both projected increased output for this year but are guarded about what this will mean in financial terms. This was revealed at a review of the bauxite sector held at a forum yesterday...
Bottlenecks may upset Utkal Alumina production deadline
The Utkal Alumina International Limited (UAIL) may miss its March-end deadline to start production at its plant as tribals have set development of the area as a precondition to allow bauxite mining in the area. Many official criteria also need to be fulfilled. The UAIL, a subsidiary of Kumar...
MLA gets Maoist warning for favouring bauxite mining in Odisha
Maoist leader Daya has threatened Koraput MP Jayaram Pangi of dire consequences if he does not refrain from favouring bauxite mining by a private company at Mali hill. Daya, the secretary of Andhra-Odisha Border Special Zonal Committee (AOBSZC), has informed this in a letter to media persons in...
Bauxite mining in Cameroon to start between 2018 and 2019
Negotiations for ore mining, says the source, "continued normally" between the government and Emirati companies Dubal (UAE, 45% of the capital), Hindalco (India, 45% of the capital) and Hydromine (United States, 10% of the capital). The government has awarded two exploration licenses to operators...
