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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Change in taxes to make Guinea bauxite unworkable
Up until this year, Guinea's well established bauxite industry had been on to a good thing, pumping out bauxite and alumina for the European market and planning major expansions. That picture has since changed dramatically. An overhaul of the Guinea mining code carried out with the input of...
Bauxite Union highlights concerns with newly appointed Labour Minister Dr. Gopaul.
The Guyana Bauxite and General Workers Union has highlighted several matters of importance to the newly appointed Minister of Labour, Dr. Nanda Gopaul. In a press statement, the union listed grievances it has with three bargaining units including the Bauxite company of Guyana Inc (BCGI), Oldendorff...
Mining mafia pushes for Bauxite
A couple of weeks after Union Minister for Tribal Welfare and Araku MP V Kishore Chandra Deo said he will have the Governor’s powers invoked if necessary to prevent bauxite mining and safeguard tribal interests, a four-member committee appointed by the Union Ministry of Environment and Forests...
Noranda on track for record production in 2011
NORANDA Jamaica Bauxite Partners (NJBP) says it is on track this year to achieve the highest production ever in the history of bauxite operations in St Ann. "2011 will be our best production year, as we are on target to ship over five million metric dry tones of bauxite, representing an 18 per cent...
Guinea Bauxite Company Workers Halt Strike for Wage Talks
Workers at Compagnie des Bauxites de Guinee, which is owned by Rio Tinto Plc (RIO), Alcoa Inc. (AA) and the West African nation’s government, halted a two-day strike to hold wage talks, said union leader Sekou Oumar Ly Diallo. The protest, which has workers calling for a 50 percent pay rise, was...
Aziana trades near IPO price in first month on ASX, targeting bauxite in Madagascar
Aziana, a gold and bauxite focused explorer, has performed well in its first month as a public listed company on the ASX. Shares have traded as high as $0.25, with the stock most recently changing hands at $0.22, which is only a couple of cents shy of the $0.25 entry price - where 50 million shares...
Nalco yet to make headway on Orissa expansion
Nalco awaits allotment of land and water from the Orissa government. State-owned National Aluminium Company Limited (Nalco) is still awaiting allotment of land and water by the Orissa government for its proposed 0.5-million tonne aluminium smelter plant involving an estimated investment of Rs...
Reds warn against bauxite mining
Maoists warned the governments in the state and the Centre against going ahead with bauxite mining in the Agency area and said they would fight to protect the interests of the tribals. The rebels held a meeting in GK Veedhi-Koyyuru border as part of their 11th PLGA annual weekly celebrations here...
Australian Bauxite Limited Appoints John Dawkins as Director
Australian Bauxite Limited (ABx) (ASX:ABZ) is pleased to announce the appointment of Mr Dawkins A.O. as an independent Director to the Board. Mr Dawkins earliest exposure to the mining industry was when as Minister for Trade (1984- 1987) in the Hawke Government he was responsible for the...
Expert panel to make second visit to Agency areas
The expert committee formed by the Union Ministry of Forests and Environment is making its second visit to the two areas in Visakha Agency that have been identified for bauxite mining, from December 20 to 22. The committee is headed by former Director General of Forests J.C. Kala, who was former...
Venezuela mining showing signs of growth -Camiven
BNamericas cited Mr Luis Rojas president of Venezuela's mining chamber Camiven as saying that mining is showing signs of recovery during Q4. Mr Rojas said that the rebound is most evident in non metallic mining but it's also noticeable in that Ferrominera Orinoco has been producing a bit more iron...
Immense mineral wealth waits to be discovered
Dr Samar Mubarakmand renowned scientist said that Pakistan is very fortunate and blessed with natural resources, we are sitting on the wealth of huge deposits of coal, copper, gold, silver, iron ore, lead, zinc, chromites and bauxite. Large gas fields and oil deposits may be lying under ground...
Paratech Hungary tests technology for conversion of bauxite residue
Paratech Hungary has tested technology for converting toxic bauxite residue into harmless building materials at the plant of alumina maker MAL in Ajka (NW Hungary), managing director Gabor Finaczy told MTI. Paratech Hungary converted the bauxite residue, a red sludgy substance, with a mobile...
Gujarat to decide on Nalco-GMDC partnership in 2 months
The Gujarat Government is likely to take a call in the next two months on whether GMDC should form a joint venture with Nalco or sign a long-term non-plant grade bauxite supply agreement with the Navratna behemoth for the proposed manufacturing facility in Kutch district. “The expressions of...
China firm plans bauxite processing plant in Kratie
China's Erdos Hongjun planned to build a bauxite processing plant in Kratie province as part of the company’s US$1.5 billion venture in the Kingdom’s northeast, provincial officials said yesterday. The plant would serve Erdos’s mine in neighbouring Mondulkiri, an exploration licence for which was...
First Bauxite Announces Signing of Mineral Agreement With the Government of Guyana Bauxite Project and the Receipt of Environmental Permit to Mine Deposits
First Bauxite Corporation is pleased to announce that it has signed a bilateral mineral agreement between the Government of Guyana and the Company and its local operating subsidiary, Guyana Industrial Minerals Inc., for the operation of the Bonasika Bauxite Project in Guyana, South America. The...
Côté’s new Rio Tinto Alcan will be best for bauxite
Rioe Tinto Alcan, once it has divested the 13 assets it put up for sale in October, will occupy the “best bauxite position in the industry”, ceo Jacynthe Côté said at Rio’s investor seminar in Sydney on Monday. The 13 assets include aluminium smelters in Australia, New Zealand, the USA and Europe,...
NALCO battling crisis on Bauxite,refinery fronts
Citing impediments on the way of the firm's progress,Mines Minister Dinsha Patel said Utkal E block with 67.4 million tonnes reserves alloted by the Coal Ministry in 2004 could not be developed so far for want of land acquisition by state government. Also, investment to tune of Rs 6,500 crore for...
