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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Weipa bauxite resource upgraded
High-grade bauxite deposits in western Cape York could become China's preferred source if plans to expand mining in the world-class Weipa province go ahead. Exploratory miner Cape Alumina has significantly upgraded its resources to 202 million tonnes, which is about half of its target. Despite...
Cape Alumina bolsters balance sheet to fund exploration
Cape Alumina is to raise close to $1.5 million in two separate placements that would help it fund development of its core bauxite projects in Queensland. Cape has placed about 3.8 million shares with stockbroker RBS Morgans at 12 cents per share to raise $456,359. Separately, it has also placed...
Bua bauxite mining generated $10M so far
Approximately $10 million has been generated from the Bua bauxite mining so far. Mineral Resources assistant director Venasio Naisara said this is after five shipments of bauxite were shipped out to China by Aurum Exploration Fiji Limited. Naisara said mining has picked up very well given that it...
Jamaican Government dips into Capital Development Fund
Jamaican Government is to take $1.8 billion from the Capital Development Fund, $1.4 billion of which is to be used for budgetary support. Dr Peter Phillips, the finance and planning minister, laid a withdrawal order in the House of Representatives today, indicating his intent to draw down on the...
Bauxite Resources Limited reports on its Quarterly Activities
Bauxite Resources Ltd, and its joint ventures has increased its overall JORC compliant bauxite resource base to 142.3 million tonnes with a new bauxite resource defined at the Bauxite Alumina Joint Ventures (BAJV) Cronus deposit approximately 15km east of Boyup Brook, Western Australia. This is the...
Newman pushes for Weipa bauxite mine expansion nod
Queensland Premier Campbell Newman says the Commonwealth is taking too long to consider a proposed bauxite mine expansion in the state's far north. Rio Tinto Alcan is seeking federal environmental approval for a $1.5 billion bauxite mine and port development at Weipa on western Cape York. The...
Aluminum will Shine again for Alcoa and Bauxite Resources
Due to the slump in the global economy, share prices for companies in the aluminum sector such as Alcoa and Bauxite Resources have become very attractive. Alcoa, a Dow Jones 30 member, is the largest aluminum company in the world. Bauxite Resources, based in Australia, is the largest tenement...
December deadline for sale of bauxite company
Government intends to rid itself of its stake in Clarendon Alumina Partners (CAP) in the next two months. "We are currently in discussions with potential partners in CAP which is aimed at taking CAP off the Government's accounts totally by the end of this calendar year," Finance Minister Dr Peter...
Bauxite unearthed in Queensland
Cape Alumina says it has now discovered an estimated 200 million tonnes of bauxite during exploration on Cape York in far north Queensland. The ABC reports the company holds exploration permits covering 1900 square kilometres in the western Cape region. "We've got an exploration target of 400...
Newman pushes for Weipa bauxite mine expansion nod
Queensland Premier Campbell Newman says the Commonwealth is taking too long to consider a proposed bauxite mine expansion in the state's far north. Rio Tinto Alcan is seeking federal environmental approval for a $1.5 billion bauxite mine and port development at Weipa on western Cape York. The...
Bauxite Angola looks for new shareholders
Mining company Sociedade Mineira de Investimentos Bauxite Angola is interested in the possibility of new shareholders, in order to boost its share capital, says mining engineer Guilherme António. Macauhub News Agency reports that António, who gave the information to Angolan news agency Angop, said...
Fijian landowners benefit from Chinese company's bauxite mining
The Nawailevu landowners of Bua in Fiji's northern island will receive over 600,000 Fiji dollars ($340, 000) next year in relation to bauxite mining after receiving their first lump sum payment from a Chinese company earlier this year. Acting Permanent Secretary for Lands and Mineral Resources...
Vedanta Aluminium confirms shutdown of Lanjigarh power plant
The Vedanta Aluminium Ltd. (VAL), which will soon close down its refinery at Lanjigarh in Kalahandi district, has also decided to discontinue operation of its 75 mw captive power plant there. The VAL on Wednesday informed this to the local executive engineer of the power distribution company,...
Three bauxite shipments from Bua earned profits for Fiji
THE three bauxite shipments from Bua have brought back more than $8million within a span of four months following the first shipment in June. The fourth ship, currently being loaded at the qoliqoli of Navakasiga, will leave Fiji tomorrow and a fifth ship is already anchored in the same area. Mine...
Odisha Bauxite Mining Case hearing resumes on 12th Oct
The Green Bench of the Supreme Court resumes hearing Friday on the high-profile case involving mining of bauxite ore in the the Niyamgiri hills of the impoverished Kalahandi district of Odisha. In a writ petition, the state-run Orissa Mining Corp challenged the orders of the union ministry of...
Australian Bauxite Limited releases webcast on its Three State-Significant Projects
Australian Bauxite Limited (ASX:ABZ) has released a webcast with CEO Ian Levy regarding ABx's Three State-Significant Projects. Abx has developed a highly successful exploration model for discovering high quality bauxite; this model has allowed the company to pinpoint the most prospective targets...
Bauxite mining to get sealed in Andhra Pradesh
Using his Constitutional powers, tribal affairs minister Kishore Chandra Deo has directed the Andhra Pradesh government to cancel bauxite mining leases to Andhra Pradesh Mining Development Corporation (APMDC) in the state's Aaraku valley to prevent reemergence of naxalism. The corporation has...
Gujarat Mineral Development Corporation seeks 1,500 acres for its joint venture with Nalco
Taking one more step ahead in setting up alumina and smelter plant project in joint venture with National Aluminium Company (Nalco), state-run mining major Gujarat Mineral Development Corporation (GMDC) has sought around 1,500 acres of land in Mandvi taluka of Kutch district. Aluminium smelting is...
