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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KediaCommodity offers Trading Tips for Aluminium
Aluminium yesterday traded with the positive node and settled 0.67% up at 104.50 despite of Germany’s industrial output data which fell overnight and DBRS downgraded Spain and Italy’s credit rating, weighing on the euro. Investors are staying cautious as they are awaiting China’s CPI for July to be...
China alumina producers eye Indonesia for supply
Three of China's biggest alumina producers are planning to invest at least $1 billion into bauxite mines and refineries in Indonesia to guarantee supplies of the aluminium raw materials under threat from new export taxes and a 2014 export ban. The plans are among the first signs that Jakarta's...
Bauxite venture case presented to Bridgetown-Greenbushes council
Bauxite Resources Ltd (BRL) chief executive Scott Donaldson presented his company's case for a local bauxite venture to the Bridgetown-Greenbushes Shire Council meeting last week. Mr Donaldson told council he was disturbed by scare-mongering and wished to debunk myths. He said his company only has...
Suriname bauxite company in debt
Bauxite mining company Suralco is in the red and needs to change its policy drastically to be able to compete on the world market. Production costs have to be cut, but although this may look like a difficult task, it is not unachievable, says the new Managing Director Ruben Halfhuid. He is ready...
Utkal Alumina to start bauxite mining in Rayagada
Utkal Alumina International Limited (UAIL), a bauxite mining and refinery project in Rayagada district, is expected to be operational soon. "The project is ready for commissioning and we are hopeful that it will be operational within the next six months," said Rajesh Kumar Jha, who took over as the...
Bauxite Resources Limited provides the June 2012 Quarterly Activities and Cashflow Reports
Bauxite Resources Limited provides the June 2012 Quarterly Activities and Cashflow Reports. The key points of the report are: - JORC Bauxite resources increased by 172% to 139.5Mt - New 73 Mt Felicitas bauxite resource announced - May 2012 - New 15 Mt Ceres bauxite resource announced - July 2012 -...
China's Bosai group to invest $1 billion in Indonesia
China’s private mining group Bosai plans to invest $1 billion to build an alumina plant in Indonesia after the Southeast Asian country implemented a series of policies to restrict raw material exports. The company has reached an initial agreement with Indonesian parties to build a 2 million tpy...
Mining projects in Australia await the end of wild rivers laws
Miners are dusting off plans to develop Cape York, buoyed by the prospect that Queensland would scrap laws protecting "wild" rivers and boost economic activity across the peninsula. Bauxite miner Cape Alumina is assessing the viability of its $1.2 billion Pisolite Hills project, which was stalled...
Votorantim Metais to develop new bauxite project in Brazil
Votorantim Metais (VM) is discussing the development of a bauxite project in the northern Brazilian state of Pará, local media reported. The complex will be set up in the city of Rondon, will extract about 7.1 million tpy of bauxite and will include a refinery producing about 3 million tpy of...
Vimetco obtains updated mining licence in Sierra Leone
Vimetco, the global producer of primary and processed aluminium products, has announces that its bauxite producing subsidiary, Sierra Minerals Holdings (SMHL), has signed an updated Mining Lease Agreement (MLA) with the Government of Sierra Leone. Under this agreement the Company's Mining Lease, of...
Policy proposal developed to protect WA agriculture from mining
A policy proposal to protect agricultural communities in WA from mining has been submitted to the State Government. The proposal has been developed by the Residents for Responsible Mining, a community group based at Chittering, about an hour north of Perth. The group was formed three years ago in...
Anti-mining group urges Redman to extend mining ban in Australia
A South West anti-mining action group has called on local MP and Agriculture and Food Minister Terry Redman to back a proposal it claims would protect the Warren-Blackwood electorate from strip mining for bauxite. Mr Redman recently backed Mines Minister Norman Moore’s blocking of coal mining in a...
Fiji Bauxite export set for China
XINFA Aurum Exploration (Fiji) Limited is expected to ship out a total of 70,000 tonnes of bauxite to China at the end of next month. This was confirmed by company spokesman Basilio Vanuaca who said this was the second shipment of bauxite for this year. "Right now, the loading of bauxite is...
Bauxite Resources Limited announces new bauxite resource at Western Australia
Bauxite Resources Limited announces the initial Resource for the Ceres deposit, part of its emerging Williams bauxite project area in southwest, Western Australia. The resource is situated on a number of large farms north of Williams, located 150km south of Perth, close to the Perth-Albany highway...
Union minister unhappy with Andhra governor on bauxite mining issues on tribal land
Union minister Kishore Chandra Deo has criticized the Andhra Pradesh governor for inaction on his request to stop bauxite mining in Vishakhapatnam, saying that special powers of Raj Bhavans were a waste if not used to safeguard the interests of tribals. Deo had written to Andhra governor E S L...
Guyana unrest halts Bosai bauxite mining operations
Reuters reported that Chinese owned bauxite producer Bosai Minerals Group has halted its Guyana operation due to civil unrest that has killed three people. Bosai is reconsidering a planned expansion of the facility. Police shot three people dead in the city of Linden, 65 miles from the capital of...
GMDC to invest in Nalco's Gujarat aluminium project
Gujarat Mineral Development Corporation (GMDC) Monday said it has received the state government nod in investing in equity of the proposed alumina plant and aluminium smelter project in collaboration with Nalco. "Gujarat government has given its consent to GMDC for investing in equity of the joint...
Tribals oppose mining in Orissa's Mali hills
Tribals of Koraput's Mali hills of Orissa have threatened to launch an agitation from August 9 if the government does not stop mining activities in their area. Taking up cudgels under the Mali Parbat Surakhya Samiti (MPSS), tribals alleged that 44 villages in Sorispodar, Hudi, Dalaiguda and...
