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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Queensland Bauxite Mine won’t Require Refinery
The Queensland government is set to put its lucrative Aurukun bauxite leases up for sale, but it will not insist on the building of a refinery as part of the deal. The fate of the bauxite leases has been unclear since the former Bligh government broke off negotiations with Chinese aluminium giant...
Australian Bauxite granted a trading halt
Australian Bauxite has been granted a trading halt by the ASX pending details of a proposed capital rising, with the company's shares placed in pre-open. Australian Bauxite has not yet indicated where the potential inflow of funds will be allocated, but the company recently expanded Pre-Feasibility...
Alufer raises US$12 million to complete feasibility study for Bel Air project
Bauxite company Alufer has raised US$12 million in a private placing to complete its feasibility project at its flagship Bel Air project in Guinea and meet its cash requirements until next year. The firm postponed its planned listing on London's AIM market because of the poor market conditions, but...
Hindalco to raise Rs 7,000 cr in 2 months for Orissa plant
After investing Rs 6,000-7,000 crore for its Aditya Alumina and Aluminium project in Orissa, a greenfield integrated aluminium complex, Aditya Birla group flagship Hindalco Industries is planning to raise around Rs 7,000 crore for the same project within the next couple of months. “We plan to raise...
Alcoa Bauxite Mine goes for natural Reforestation
Alcoa is using a new, natural method for reforestation at its Juruti bauxite mine in Brazil that is efficient, cost effective and sustainable. The technique is based on the theory of nucleation, where small dense nuclei of plants and animals facilitate the arrival of other species. At Juruti, birds...
Pre-Feasibility Study for Goulburn Bauxite Project gets Extension
Australian Bauxite Limited commissioned Como Engineers Pty Ltd and other metallurgical and environmental engineering firms to prepare a Pre Feasibility Study (PFS) on the Goulburn Bauxite Project located near Goulburn New South Wales (Figure 1). Marubeni Corporation (Marubeni) has participated in...
Bauxite miner makes traditional visit in Bua
Bauxite mining company Aurum Exploration last week led a traditional visit to chiefs in Bua on Vanua Levu seeking their blessings for the bauxite loading already in progress in the area. Bauxite mine manager Basilio Vanuaca said the traditional visit was made to the chiefs, qoliqoli (fishing...
China to import 60,000 tonnes of bauxite from Fiji
LOADING of the 60,000 tonnes of bauxite in the province of Bua in Fiji is expected to be completed next week. Bauxite mine manager Basilio Vanuaca said the MV Yon Shun would load 60,000 tonnes of bauxite valued at $2.1 million a month. However, he said it was not clear when the ship would leave for...
Increased Regional Demand for Aluminum to Boost Bauxite Production
Reportlinker.com announces that a new market research report is available in its catalogue: GBI Research’s new report, ‘Bauxite Mining Market in Asia-Pacific to 2020 - Increased Regional Demand for Aluminum to Boost Bauxite Production’ provides key information and analysis for the Asia-Pacific...
Australian Bauxite Limited Chairman's Address to Shareholders
Australian Bauxite Limited (ASX:ABZ.AX - News) are pleased to provide the Chairman's Address to Shareholders at the 2012 Annual General Meeting held today. Good morning, ladies and gentlemen and welcome to the Australian Bauxite Limited's 2012 Annual General Meeting. This is my first year as...
Odisha and Andhra Pradesh Bauxite Mining might face a Total Ban
The rich bauxite resources of Odisha and Andhra Pradesh might not see the light of the day if Union tribal minister V Kishore Deo has his way. Bauxite mining in Odisha and Andhra Pradesh faces an uncertain future with Union tribal minister V Kishore Deo shooting off a letter recently to ESL...
Australia Environment Minister Cautious Over Rio's Bauxite Expansion
Australia's federal environment minister said Thursday that he wouldn't apologize for his caution over a proposal by Rio Tinto PLC (RIO) to expand its bauxite mining operations in Queensland state. A word of words has erupted between the Labor Party's Tony Burke and Queensland's Liberal National...
Nalco’s performance suffering due to irregular coal supply
Public sector company National Aluminium Company Ltd (Nalco) reported a lower net profit last year mainly due to the problems it faced in coal supplies. After an analysts conference call, the predominant view of many analysts is that the bearish trend would continue into the current year, too. For...
First Bauxite Corporation Announces Non-Brokered Private Placement
First Bauxite Corporation announces that the Company is proceeding with a non-brokered private placement (the "Private Placement") to Resource Capital Fund V LP and certain entities comprising the Pacific Road Resources Funds for up to 22,641,510 units (the "Units") at a price of $0.53 per Unit to...
Weipa bauxite project gets conditional approval from Queensland Government
RIO Tinto Alcan's $1.45 billion bauxite project near Weipa has been approved by the State Government but faces a more rigorous assessment before it can proceed, Federal Environment Minister Tony Burke warns. The South of Embley venture will generate more than 2000 jobs and extend the life of...
Alecto Minerals Raises £1,472,500 for drilling and exploration
Alecto Minerals plc, the AIM listed multi-commodity exploration and development company with projects in Ethiopia, Mauritania, and the right to acquire a highly prospective bauxite asset in Guinea,announces that it has raised £1,472,500 by way of a placing of 95,000,000 New Ordinary Shares at 1.55p...
Huge bauxite deposits lie unutilzed over India's East Coast region: blame the environment and the indigenous tribes
Despite having huge bauxite deposits, India is still lagging behind in aluminium production and consumption. The East Coast region, home to 74% of the total bauxite reserves, continues to be one of the most-neglected regions in the country, as not a single bauxite mine has been opened in the past...
Rio Tinto gets nod for Queensland bauxite expansion
Rio Tinto is a step closer to expanding its bauxite operations in far north Queensland, after a controversial $1.45 billion project was given approval to proceed by the Queensland Government. While Federal Government approvals are still outstanding, the “South of Embley” project near Weipa was...
