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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GUINEA: Foreign Firms Scramble for Iron, Bauxite
Environmentalists have reacted with guarded caution to announcements of new plans to mine more bauxite and iron in Guinea. The plans were released after conclusion of the International Forum on the Mining Sector (FISM) held in this West African country last month. Guinea Ecologie, the only...
Taralga deposit worth banking
GREEN pastures west of Taralga barely betray what’s believed to be the third largest bauxite deposit in history. Red gravel just below the surface was the first hint that a rich resource lay beneath a scrubby part of the country. The company brought out the big guns – satellite equipment - to find...
Miner to play for Muleriders
BAUXITE – Bauxite Miners’ senior lineman Matt Steele signed with the Southern Arkansas University Muleriders out of Magnolia, Ark., on Wednesday morning in the Bauxite High School auditorium. “I think it’s awesome,” Bauxite Coach Shane Clancy said. “It’s something he’s talked about doing since the...
New Bauxite exploration found near Taralga NSW
Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) has received laboratory results from its December 2011 drilling campaign at Taralga near Goulburn, southern NSW (see Figure 1 - refer to ABx announcement link at bottom of release). Results from hole TG626 at...
Supreme Court adjourns final hearing on Vedanta Alumina case to April 9
The Supreme Court on Monday adjourned its final hearing on bauxite mining by the Vedanta Alumina at Niyamgiri hills to April 9 due to paucity of time. The State Government had also sought more time to present its case before the Supreme Court. Union Minister of Jairam Ramesh had withdrawn clearance...
Heritage list call to block Cape York mines
In a letter to Environment Minister Tony Burke, the Wilderness Society says six proposed mines, including Rio Tinto's giant South of Embley bauxite expansion, threaten the "extraordinary natural values" of the region. Campaigner Gavan McFadzean said that if approved, the emergency listings would...
BHP Billiton to Halt Bauxite Exploration at Guinea’s Boffa Site
BHP Billiton Ltd. plans to halt bauxite exploration at its Boffa-Santou-Houda site in Guinea, the world’s biggest exporter of the ore, after prices for aluminum dropped, said Jean-Francois David, the company’s president in the West African nation. “Explorations are stopped and all the activities...
Aziana rapidly advances towards maiden bauxite Resource at Manantenina in Madagascar
Aziana (ASX: AZK) has now defined high quality stratiform bauxite over a 13.4 square kilometre area of its Soavary licence at its Manantenina Bauxite Project in Madagascar. Importantly, the company is on track to complete a maiden JORC Resource in the second half of 2012. Widespread sampling has...
SC defers hearing on Niyamgiri bauxite mining
The Supreme Court of India (SC) on Monday deferred the hearing on the petition challenging cancellation of environmental clearance to Niyamgiri Bauxite Mining Project of the UK-based Vedanta's Indian arm Sterlite Industries in the state. The apex court has fixed April 9, as the next date of...
Bauxite plans spark fears for reef
Conservationists say a planned bauxite mine expansion on Cape York, in far north Queensland, could hurt the Great Barrier Reef. Rio Tinto Alcan is planning the $1.5 billion expansion near Weipa. Several conservation groups have lodged a submission with the Federal Government, requesting it change...
Government Committed to Revitalising the Bauxite/Alumina Industry - Paulwell
Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell, says the government is committed to revitalising the local bauxite/alumina industry, which has been ailing for some time. “This sector is very important to us as a nation, not only for the revenue that it can bring, but in...
Vietinbank to loan US$100 million for mining
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) on January 19 signed an agreement to provide a VND2.1 trillion (US$100 million) loan for the Nhan Co Alumina mining project in the central highland province of Dak Nong. The bank has inked a credit contract with the Vietnam...
New alert over Rio Tinto threat to Great Barrier Reef
RIO Tinto's $1.4 billion bauxite mine expansion on Cape York has become the latest flash point over the threats caused by increased shipping in the Great Barrier Reef due to the mining boom. The federal government has been forced to reopen consideration of Rio Tinto's South of Embley project and...
Vietinbank agrees mining loan
Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) will provide a VND2.1 trillion (US$100 million) loan to the Nhan Co bauxite-alumina production project in the Central Highlands province of Dak Nong. The bank inked a credit contract with the Viet Nam Coal and Minerals...
Mr.V. Kishore Chandra Deo opposes bauxite mining in vizag agency
The Union minister for tribal affairs and panchayat raj, Mr V. Kishore Chandra Deo, vehemently opposed the proposed bauxite mining in the Visakha-patnam Agency by state government. Such projects can only benefit individuals but not tribals, he opined. The Union minister for tribal affairs and...
Mr.V. Kishore Chandra Deo opposes bauxite mining in vizag agency
The Union minister for tribal affairs and panchayat raj, Mr V. Kishore Chandra Deo, vehemently opposed the proposed bauxite mining in the Visakha-patnam Agency by state government. Such projects can only benefit individuals but not tribals, he opined. The Union minister for tribal affairs and...
‘Exercise caution on bauxite mining'
Minister for Forests, Environment, Science and Technology Satrucharla Vijayarama Raju on Wednesday said any decision on bauxite mining in the Agency should be taken only after addressing the concerns of all stakeholders, including tribal people. The Minister inaugurated some development works and...
No mining rush: Minister
The environment and forest minister, Mr Satru-charla Vijayaramaraju, said that government will not go ahead on the proposed bauxite-mining project in the Visakhapatnam Agency without considering the opinions of locals and environmentalists besides a proper study on the impact of mining on the...
