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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AP Minister against bauxite mining in agency areas
Visakhapatnam, Mar 4 (UNI) Andhra Pradesh Tribal Welfare Minister P Balaraju today said he was against bauxite mining in Girigen Adivasi-dominated areas in Visakhapatnam district. Addressing a news conference here, he said 'as a tribal, I am against bauxite mining in the agency areas in the...
Guinea bauxite acquisition could transform Alecto Minerals says broker
Alecto Minerals’ (LON:ALO) acquisition of bauxite licence 223 in Guinea could quickly transform the company into a producer, broker Fox-Davies said today. Analyst Peter Rose said the area could potentially host a bauxite resource of over 500 million tonnes and is contiguous to the 3.1 million tonne...
Bauxite workers’ dismissal dispute heads to arbitration
An almost three-year-old dispute that led to the controversial sacking of 67 bauxite workers has been sent for arbitration, a statement from the union said over the weekend. According to the Guyana Bauxite and General Workers Union (GB&GWU), it is welcoming the decision of Minister of Labour, Dr....
Ministers rule out bauxite mining in Vizag's agency area
No bauxite mining will be permitted in the Eastern Ghats of Visakhapatnam district, inhabited by Girijans and popularly known as the agency area, according to Union Ministers, Mr Jairam Ramesh and Mr Kishore Chandra Deo. The two ministers gave the assurance at a public meeting at Chintapalli in the...
Ord River Resources moves closer to Yuqida JORC Resource update in Laos
Ord River Resources (ASX: ORD) is in the final stages of a JORC Resource statement for the Yuqida prospect at the company’s bauxite bauxite/alumina project in Laos, which follows a 300% increase in the LSI tenement in late 2011. Proposals for a Bankable Feasibility Study at the project are being...
NALCO to finalise Gujarat refinery in a month
State-run National Aluminium Co Ltd (NALCO) is likely to finalise within a month a deal to set up an alumina refinery in Gujarat, chairman B.L. Bagra said. Gujarat had last year invited bids for a refinery and smelter in the state and committed to supply bauxite, a key raw material, at a...
No sight of ore but Anrak ready to mine
Though there are no signs of supply of bauxite ore from Visakha Agency in near future, Anrak Alumina Limited (AAL) is planning to commission its newly-built plant at Rachapalle in Makavarapalem mandal near Narsipatnam. The plant would be commissioned in May as the company was importing bauxite ore...
First Bauxite Corporation sourcing funding for the development of the Bonaiska mine
First Bauxite Corporation is now looking to secure funding for the development of the Bonasika mine along the Essequibo River. Chief executive officer, Hilbert Shields met President Donald Ramotar yesterday, to update him on the latest developments within the company. Shields told the government...
Alecto Minerals shares advance on Guinea bauxite acquisition news
Alecto Minerals (LON:ALO) shares shot up as much as 20 per cent today as it landed an option deal to acquire a new project in Guinea. It can buy a 51 per cent stake in a company called Forward Africa Resources (FAR), which owns a 711 square kilometre bauxite licence in the highly prospective south...
Alecto Minerals Announces Significant Guinean Bauxite Acquisition
Alecto Minerals plc, the AIM listed exploration and development company with gold and base metal projects in Ethiopia and Mauritania, is delighted to announce that it has entered into an option agreement (‘the Agreement') relating to the staged acquisition of Forward Africa Resources (‘FAR'), which...
Ore-bauxite factory to open in April
Ha Noi — The Tan Rai ore-bauxite factory, part of the Lam Dong Aluminum-Bauxite Complex Project, is expected to come into operation in April, said the project management board. At present, the Tan Rai Aluminum Bauxite Project has completed around 90 percent of its targeted construction. With...
Maoists damage properties against govt's bauxite mining plan
Visakhapatnam, Feb 19 (PTI) Maoists have been allegedly damaging properties in the district to protest against government proposal of allowing bauxite mining in the agency area, police said. According to police, Maoists blasted an abandoned coffee pulp godown at the Lankapakala village in G K...
Minister says no bauxite mining without tribal people’s consent
Tribal Welfare Minister P.Balaraju has said that the Government would take into consideration the feelings of the tribal people living in the agency area of Visakhapatnam district, before allowing mining of bauxite reserves. At a press conference here on Sunday, Mr. Balaraju denied reports that the...
Aluminum Ore Mining in China - new industry profile report
The Aluminum Ore Mining industry in China consists of enterprises that mine bauxite, the principal ore of aluminum, and process raw materials such as washing and ore dressing. More than 90% of bauxite is further processed into alumina, with the remainder used as refractory materials, abrasive...
Rio Tinto vows to protect Austrothelphusa crab
Mining company Rio Tinto says it will go beyond the call of environmental safeguards to protect a newly discovered freshwater crab if it is allowed to expand a Cape York bauxite mine. Rio submitted its second environmental impact statement (EIS) on the South of Embley project to the Queensland...
Cape Alumina doubles bauxite Hills resources, starting pre feasibility study
Cape Alumina (ASX: CBX) has doubled the inferred resource at its Bauxite Hills project on Cape York, Queensland, to 60 million tonnes of bauxite and will proceed with a pre-feasibility study. The company is working to start production from late 2014 when demand for bauxite in Asia is expected to...
Australian Bauxite has set a new record for bauxite thickness
Australian Bauxite (ASX: ABZ) has set a new record for bauxite thickness at the Goulburn Bauxite Project in New South Wales, intersecting of 33 metres of true thickness. Four holes drilled at the Mt Rae area to follow up on previous results have verified the presence of unusually thick bauxite at...
Guinea Threatens to Cancel Mining Licenses
CAPE TOWN, South Africa—Guinea next month will begin an audit of mining companies operating in the country, which could see some licenses revoked. The country isn't "getting the benefit from its resources," Mines Minister Mohamed Lamine Fofana said on the sidelines of the Indaba mining conference...
