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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Bauxite shipment on hold
A TOTAL of 40,000 tonnes of bauxite has been mined so far this year. However, XINFA Aurum Exploration Fiji has stockpiled the bauxite as engineers work at completing the Navakasiga Jetty. This was made known to a group of journalists, who visited Nawailevu Bauxite mine yesterday. The group was on a...
Guinea in contact with Mubadala on CBG stake
Reuters reported that Guinea has opened contacts with United Arab Emirates investment fund Mubadala over a possible stake in its CBG bauxite JV with Alcoa and Rio Tinto. Mr Mohamed Lamine Fofana mines minister of Guinea said that Guinea, the world's largest exporter of the raw material of aluminium...
Betting big on Gujarat, Odisha for refinery & smelter: BL Bagra, NALCO CMD
State-run National Aluminium Co (Nalco) plans to expand operations both in the country and overseas. Acting chairman and managing director BL Bagra tells ET that the country's third-largest aluminium maker will also invest in thermal, nuclear and wind power plants as part of its move into the...
CEAC to give its position on Montenegro's request regarding KAP and Bauxite Mines by the end of the week
The Central European Aluminium Company is expected to give its position, by the end of the week, on the Government 's request to voluntarily transfer its shares in the Aluminium Plant Podgorica (KAP) and the Bauxite Mines to Montenegro, because of its failure to adhere to the Settlement Agreement....
Abu Dhabi’s Mubadala to Begin Evaluation of Guinea Bauxite Maker
Abu Dhabi’s Mubadala Development Co. plans to begin evaluating Guinea’s state-owned bauxite producer Cie des Bauxites de Guinee, according to a government official. Guinea is seeking a $300 million investment to expand production, Mines Minister Mohamed Lamine Fofana told reporters today in...
Vedanta to Indian government: $3.4 billion for Bharat Aluminium and Hindustan Zinc
London-based Indian metals and mining company Vedanta Group has offered INR170 billion ($3.4 billion) to buy the Indian government's remaining stakes in Hindustan Zinc and Bharat Aluminium, according to Vishwapati Trivedi, secretary at the Ministry of Mines. Purchasing the stakes will give...
SLEMCO Chair Markets Sierra Leone in USA’s Bauxite Seminar
The Chairman of Sierra Leone Mining and Exploration Company (SLEMCO), Mr. Alieu Mohamed Sesay, is currently marketing Sierra Leone to investors from across the world, as investment friendly destination. At the 18th Bauxite and Alumina Seminar that took place in Miami, Florida, USA from 6th to 8th...
Massive bauxite deposits spark fear of open cut mining
THE POSSIBILITY of open cut mining of bauxite in the north-eastern parts of Upper Lachlan Shire could pose problems for landholders in the area, and Council should prepare for such a situation. At last week’s Council meeting Council Cr. Malcolm Barlow gave notice of motion that a development...
Nalco turnover targeted at Rs 7,073 cr in 2012-13
National Aluminium Company Limited (Nalco) has signed a Memorandum of Understanding (MoU) with the Union ministry of mines on the aluminium major's physical and financial targets for 2012-13. As per the MoU, the company's turnover target has been fixed at Rs 7073 crore, which is Rs 500 crore higher...
Australian Bauxite (ASX:ABZ) State One Stockbroking Analyst Report
Australian Bauxite (ASX:ABZ) Announce, consequent to the outstanding drilling results at Taralga, State One Stockbroking has set a price target of $1.26 for Australian Bauxite. The complete Analyst Report an be accessed by clicking on the following link: http://abnnewswire.net/lnk/ETOP97K3 About...
Bosai’s proposed expansion should be viewed with concern given its history of environmental non-compliance
The proposed expansion by Bosai Mining Company should be viewed with some level of concern given the Company’s history of environmental non-compliance. This concern is further exacerbated by the Minister of Natural Resources and Environment’s admission that “development comes at a cost”. It must be...
Glencore company reconsidering Jamaica
Century Aluminum Limited, former owner of St Ann Bauxite Company which sold out its local operations during the bauxite downturn, says it is mulling re-entering the local alumina sector under partnership to set up a 1.5-million tonne alumina plant. The investment would signal a further rebound of...
Bosai to invest $100M in Guyana bauxite operations
A Chinese mining company says it plans a $100 million expansion of its bauxite operations in the South American country of Guyana. Chongqing-based Bosai Minerals Group says it will build a new kiln to process bauxite at its plant in southeast Linden, as well as install heavy-duty generators and...
Challenging year ahead for bauxite and alumina
"Today and for the next few years there is a risk of oversupply of both aluminium and alumina. We are suffering from market prices that are not sustainable. Therefore the fundamentals must become more important for the pricing of our products in the future," Undeli said. Undeli was a keynote...
Tony Blair expands his African empire into mineral-rich Guinea
The agreement coincides with a deal to explore new mining opportunities signed by the government of Guinea and a Middle East investment fund, which also employs Mr Blair as an adviser on business matters. That contract potentially opens Mr Blair up to accusations of a conflict of interest — as an...
Saudi Maaden awards USD1.5b refinery deal to Hyundai
Saudi Maaden's Aluminium Strategic Business Unit's Vice President, Abdullah Busfar, said that the firm awarded a USD1.5 billion construction deal for an alumina refinery to Hyundai Engineering & Construction, reported Arabian Business. Busfar added that the project is part of the second phase of...
TNG Limited enters farm in agreement with Rio Tinto for bauxite on Melville Island licence
TNG Limited (ASX: TNG) has agreed in-principle terms for a farm-in and joint venture agreement on its 100% owned Melville Island licence in the Northern Territory with Rio Tinto (ASX: RIO) subsidiary Rio Tinto Exploration. Melville Island, which covers about 1,400 square kilometres, has been a...
Outotec to conduct feasibility study for the first alumina refinery to be built in Indonesia
Outotec to conduct feasibility study for the first alumina refinery to be built in Indonesia Outotec has agreed with PT ANTAM (Persero) Tbk (ASX: ATM; IDX: ANTM; Antam), Indonesia's leading diversified mining and metals company, to carry out a feasibility study for the very first smelter-grade...
