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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Apex court defers hearing in Niyamgiri mining case
Vedanta Aluminium (VAL), a unit of Vedanta Resources, will have to wait for two more weeks after the Supreme Court on Monday deferred the hearing on Niyamgiri bauxite mines in Odisha's Kalahandi district. The apex court deferred hearing for two weeks due to non-submission of affidavit by the Union...
Centre to clear stand on Vedanta mine
The Environment and Tribal Affairs ministry will clear their stand on the Vedanta mining case in Supreme Court on Monday. The verdict on the mining project in Odisha is crucial as it will undoubtedly play a key role in deciding the fate of several other projects that need forest lands under the...
Hindalco to acquire Novelis' alumina refinery in Brazil
Hindalco Industries, the metals flagship of the Aditya Birla Group, today said it has finalised arrangement for acquiring alumina refinery and bauxite mines in Brazil from its wholly-owned subsidiary Novelis as part of corporate reorganisation plan. "Hindalco Industries has finalised its...
Cameroon government starts recruiting advisers for the Minim-Martap/Ngaoundal Bauxite Project
The government of Cameroon is in the process of recruiting legal, financial, mineral and industrial advisers with whom it can work alongside Cameroon Alumina Limited (CAL) in view of preparing and signing a mining convention for the multi-billion Minim-Martap/Ngaoundal Bauxite Project in the...
Hindalco Odisha refinery start delayed to March
Non-ferrous metals producer Hindalco Industries plans to start its 1.5 million tonnes per annum (mtpa) alumina refinery in Odisha by the end of March 2013, a company official said on Wednesday. The plant, in Odisha's Rayagada district, was scheduled to start operations in January, but has been...
Chinalco Oversea Mine Delivered First Batch of Bauxite
Chinalco Indonesia joint venture owned mine delivered first shipment of 57 thousand tons bauxite and the stock has reached Port of Rizhao. It is learned that Chinalco Hongkong Company work together with Indonesia joint venture finished all procedures of bauxite export on 14th December, 2012. The...
House panel urges for cancelation of bauxite mining leases in Vizag, India
The Petitions Committee of the Legislative Assembly has recommended scrapping of the memorandum of understanding entered into by the State government for bauxite mining in Visakhapatnam district with the Emirate of Ras al Khaimah (Anrak) and Jindal South West Holdings Limited. The committee headed...
Bauxite mining near Karalapat Sanctuary opposed
Close on the heels of the State government’s move to arrange dedicate supply to bauxite to Vedanta Alumina Limited’s Lanjigarh refinery near Karlapat sanctuary, activists have registered strong protest saying rich biodiversity of the place would be lost if mining is allowed there. Addressing a...
Anglo Aluminum Gets Extension for Koba Koumbia and Renewal for Mamou-Dalaba Bauxite Interests in Guinea
Anglo Aluminum Corp. reports that the Minister of Mines and Geology of the Republic of Guinea, West Africa, has granted, on December 26th, a one year extension to the Koba Koumbia permit held by Anglo's 51% owned subsidiary Amig Navasota Mining International SARL . The permit, comprising two...
Bauxite company to supply to alumina factory Birac
”Boksit” company from Milici will start the production and ore shipments to alumina factory ”Birac” in Zvornik, and the removal of overburden will start later, due to weather conditions. Despite the crisis, the expectations are great for this year, since ”Boksit” is organizationally,...
Union Minister for Tribal Affairs in India is against bauxite mining in agency areas
Bauxite mining in the agency areas is in gross violation of the Constitution, says V. Kishore Chandra Deo Reiterating his opposition to wanton destruction of forests and hills under the guise of development, Union Minister for Tribal Affairs V. Kishore Chandra Deo said that he would follow up with...
WA’s mining industry calls for a review of mining development at Kimberley
WA’s mining industry has called for a full review of resource development in the Kimberley after Colin Barnett appeared to rule out development of a massive bauxite resource in the region owned by Rio Tinto and Alcoa. Association of Mining and Exploration Companies chief executive Simon Bennison...
Cita Mineral Builds Smelter in West Kalimantan
Bauxite mining company PT Cita Mineral Investindo Tbk (CITA) established a joint venture company with companies from China and Hong Kong to develop an alumina smelter in West Kalimantan. Yusak Lumba Pardede, Corporate Secretary of Cita Mineral, said the smelter will have capacity of two tons per...
Vinacomin suffers deficit for slow progress of Tan Rai bauxite plant
After much delay, the Tan Rai bauxite plant finally shipped the first batch of alumina products, slow third quarter compared to the first plan. Vinacomin expected, this year could yield about 300 tons, equivalent to U.S. $ 460 million. According to the Vietnam Coal and Mineral Group (Vinacomin),...
S & B Industrial Minerals S.A. : Bauxite spin off to fully owned subsidiary
The Board of Directors of S&B Industrial Minerals S.A. (S&B) and Greek Helicon Bauxites, 100% subsidiary of S&B, approved in their meetings held on 18/12/2012 and 28/12/2012, respectively, the spin-off of S&B's bauxite sector and its contribution to HB. The spin-off is an internal rearrangement to...
Odisha to make fresh application for Karlapat bauxite mines
Hit by acute shortage of raw materials that led to closure of Vedanta’s refinery at Lanjigarh, the Odisha government today said it would explore every possibility of undertaking bauxite mining at Karlapat reserve in Kalahandi district. “We have decided to submit a revised application seeking...
Manchester/St Elizabeth eager for resumption of bauxite mining
Just under four years since the closure of bauxite/alumina plants Alpart in south eastern St Elizabeth and Kirkvine in central Manchester, economic gloom hangs heavy with unemployment on the rise and savings of ex-bauxite workers already spent or fast running out. There was a spark of hope late...
Rusal To Develop Dian-Dian Bauxite Deposit
United Co. Rusal PLC said Monday it has signed an agreement with the government of the Republic of Guinea to develop the Dian-Dian bauxite deposit, the world's largest. The deal calls for developing the mine to be able to produce up to 3 million tons of bauxite by 2015. Rusal will also complete a...
