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...
Grow with
AL Circle
Rusal could reopen Friguia in exchange for bauxite
United Co Rusal could restart the Friguia alumina refinery in Guinea if the government grants it further bauxite concessions, first deputy ceo Vladislav Soloviev told Metal Bulletin. “Among our working refineries, Friguia is the most expensive in terms of production costs. We incurred losses in the...
Locals demand more bauxite for Vedanta’s refinery in Odisha
Apprehensive about the future of the alumina refinery of Vedanta Aluminium at Lanjigarh in Kalahandi district, local people observed a bandh demanding bauxite for the company. With VAL having to run its refinery at 40-50 percent of its capacity, the people under the banner of the Lanjigarh...
Australian Bauxite Limited publishes Half Yearly Report
Australian Bauxite Limited is an emerging bauxite exploration and development company, which listed on the Australian Securities Exchange on 24 December 2009 with the ASX Code ABZ. This Review of Operations covers the period to 30 June 2012. As at 30 June 2012, the Company through its wholly owned...
Ewarton announcement in two weeks
The country could hear more details about the future of the Ewarton bauxite plant in St. Catherine within the next two week. Workers and communities which benefit from the plant have been on edge ever since the energy minister announced that the owners of the plant indicated it would be temporarily...
Rusal seeks Chinese partners to exploit alumina in Siberia
United Company Rusal Plc, the world’s biggest aluminum producer, is seeking Chinese partners to set up joint venture factories in Russia’s Siberia region, the Beijing-based Jinghua Times reported Monday. The Russian company, which accounting 9 percent of global alumina and aluminum output, just...
Ashapura Minechem stock hits 52-week high on bauxite export commencement
Ashapura Minechem was locked in 5% upper circuit at Rs 32.75 after the company said it is likely to resume its bauxite exports from Jamnagar, Gujarat post the Supreme Court order. “The Government of Gujarat has given conditional permissions in favour of certain mine owners to resume Bauxite sales...
Rusal says claims on its Friguia plant in Guinea have no legal ground
Labour unions in Guinea have called on the government to cancel Rusal’s 2006 contract for the purchase of the country’s Friguia bauxite and alumina complex. Rusal says the demands have no legal ground. The world's largest aluminium producer said on Friday that it intended to protect its ownership...
Odisha's tribals to protest bauxite mining by Hindalco
About 15 kms from the idyllic hilly town of Semiliguda in South Odisha’s Koraput district, the stage is set for an encore of the Niyamgiri-type agitation, as the tribals gather at the foothills of Mali Parbat to protest against bauxite mining by Hindalco Industries Ltd in the area. Sharing the...
Gujarat Government gives bauxite export permission to Ashapura Minechem
In view of the ad-interim relief granted by the Hon. Supreme Court, the Government of Gujarat has given conditional permissions in favour of certain mine owners to resume Bauxite sales. Accordingly, Ashapura Minechem Ltd along with its subsidiaries is likely to resume its bauxite exports from...
Bissau government to review Angola Bauxite deal
Guinea-Bissau's transitional government said it will renegotiate a deal with Angola Bauxite as the current agreement, signed by a government ousted in an April coup, is unfair. Angola Bauxite, part-owned by the Angolan state, first signed a $500 million plan to build a mine and deepwater port in...
VAL employees appeal to save Lanjigarh plant
Hundreds of VAL employees demonstrated before the main gate of Vedanta Aluminium Limited (VAL) at Lanjigarh on Wednesday as their future appears to be in the dark. They appealed to Chief Minister Naveen Patnaik to save the industry from closure. On the one hand, the stiff opposition by the tribal...
Rayagada tribals up against mining by Utkal Alumina
Tribals from Rayagada's Kashipur block have vowed to stop Utkal Alumina International Limited (UAIL) from mining at Baphlimali hills alleging that the company has backtracked on its promises. "The company promised to bring about all round development of the affected villages and started...
Ghana’s Opposition Plans to develop New Aluminum industry to utilize its bauxite resources
Nana Akufo-Addo, the main opposition presidential candidate in Ghana, pledged to develop a “multi-billion dollar integrated aluminum industry” and attract investment into bauxite mining. “We will use a similar model to exploit our iron-ore deposits and build urgently a new iron and steel industry...
Bauxite lobbyists accuse MLA Terry Redman of failing to protect land from bauxite mining
An anti-bauxite mining lobby group has accused Blackwood Stirling MLA Terry Redman of failing to protect the Warren Blackwood area from the threat of bauxite mining. The Bauxite and Alumina Action Group claimed Mr Redman and other Nationals’ ‘‘apathy’’ towards possible bauxite mining in the region...
Vedanta to close Lanjigarh plant: blame bauxite shortage
Vedanta Aluminium, which runs a 1 million tonne alumina refinery in Orissa’s Kalahandi district, may shut down within a fortnight due to acute shortage of bauxite. The refinery at Lanjigarh block has been going through an ore supply crisis after the environment ministry in August 2010 withdrew the...
Australian Bauxite to discuss its plans in Asia at One2One Investor Forum in Sydney
Australian Bauxite has an extensive portfolio of 42 bauxite tenements in Australia covering almost 9000 square kilometres - with these strategic projects potentially playing a part in supplying bauxite to China - which is becoming increasingly reliant on imports. Importantly - the company’s bauxite...
Bauxite Angola plans to continue with Guinea Bissau projects
Bauxite Angola has informed the Guinea Bissau government that it is available to re-launch its mining project in the south of the country and continue with construction of the deep water port in Buba, the Angolan company’s assistant communications director said in Bissau Tuesday. At the end of a...
Tribal protest halts Hindalco's bauxite mining at Mali Hill, Odisha
The bauxite mining operation in Mali Hill in south Odisha’s Koraput district by Hindalco Industries has been stopped due to the agitation by the local tribal people. Taking up cudgels under the banner of Mali Parvata Surakhya Samiti (MPSS), the tribal people of the area have launched an agitation...
