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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Fiji readies for first bauxite exports
The Fiji interim government says its first exports of bauxite will be ready by January or February next year. The mineral is being exported to China. The mine at Nawailevu in Vanua Levu was opened a week ago by the interim prime minister, Commodore Frank Bainimarama.He told guests the mine was a...
Arabal: RTA to focus on Tier 1 businesses
Rio Tinto Alcan will concentrate on its Tier 1 assets to make them resilient to the global economic uncertainty, its chief executive Jacynthe Cote said. In the keynote presentation, Ms Cote told delegates at the 15th Arabal conference, held in Muscat, Oman, the company was streamlining six of its...
$1.000 Billion Worth of Raw Metals
It is estimated that the value of sites of metals on Kosovo overcomes the amount of $1.000 billion. Corporate experts for raw metals and minerals have announced in the end of 2008 the estimated reports of reserves: The mine "Grebnik" south from Glina, has for a fact 1.700.000 tons of bauxite...
Against bauxite mining: Jairam
While serious efforts are being made to push through the bauxite mining project in the Visakha Agency, Union minister for rural development Jairam Ramesh said he was against bauxite mining. Ramesh said he was against not only bauxite, but any mining that leads to destruction of natural habitat and...
NWU requests details on the future of bauxite
In Jamaica,The National Workers Union (NWU) has written to Mining Minister Clive Mullings requesting an update on future plans for the bauxite/alumina sector. The union, which represented workers who were displaced following the closure of mining plants at the height of the global financial crisis,...
Mubadala eyes investments in Guinea
Mubadala Development Company,Abu Dhabi’s strategic investment and development firm, will explore opportunities in sectors such as bauxite,and alumina in the Republic of Guinea. The move follows the signing of collaborative agreements between the government of Republic of Guinea and Mubadala. These...
PM officiates at bauxite mine ceremony
FIJI'S first-ever bauxite mine was commissioned at Nawailevu in Bua following a groundbreaking ceremony on Tuesday. More than 200 jovial landowners, villagers, government officials and executives from the mining company Xinfa Aurum Exploration Fiji witnessed the historic event. Chief guest and...
Bauxite potential
BAUXITE mining is expected to become the largest economic booster for the Northern Division. The bauxite mine, said to be Fiji's first, was opened by Prime Minister Commodore Voreqe Bainimarama at Nawailevu in Bua yesterday and is poised to rake in further investments into the country. Australian...
$1M paid to Bua landowners so far for bauxite mine
Bauxite mining starts in Nawailevu, Bua, from today and huge benefits are expected for the people of the Bua province and the country’s economy as a whole. As Prime Minister Commodore Voreqe Bainimarama gets ready to open the Aurum Exploration Mine in Bua, deputy secretary for Lands Pene...
S&B Ind.Minerals SA : INITIAL AGREEMENT FOR THE GRADUAL ACQUISITION OF S&B's GREEK BAUXITE OPERATIONS BY ALUMINIUM S.A.
INITIAL AGREEMENT FOR THE GRADUAL ACQUISITION OF S&B's GREEK BAUXITE OPERATIONS BY ALUMINIUM S.A. 8 November 2011 - MYTILINEOS Holdings S.A. and S&B Industrial Minerals S.A. ("S&B") announce the initial agreement for the gradual acquisition of S&B's bauxite operations in Greece by MYTILINEOS' fully...
Aziana targets gold and bauxite in Madagascar, admitted to ASX
Aziana (ASX: AZK), a Madagascar-focused gold and bauxite explorer, has been admitted to the ASX this week following a successful initial public offer of up to 50 million shares at A$0.25 to raise up to $12.5 million. The company will have 93.6 million shares and 46.8 million options on issue when...
Montenegrin KAP net loss declined by 42 percent on the year
In the first three quarters of this year, the companies run by Russia's Central European Aluminium Company (CEAC), the Bauxite Mines of Niksic and Aluminium Plant Podgorica, pared their losses to EUR8.63 million and EUR22.65 million, respectively, ISI reports. According to a report, published on...
CC and Bakers advice on financing for flagship $10.8bn Saudi project
Clifford Chance (CC) and Baker & McKenzie have advised on the second phase of financing for a $10.8bn (£6.8bn) aluminium development in Saudi Arabia. CC advised a consortium led by 15 banks, including the Arab National Bank and The Saudi Investment Bank, providing $2.15bn (£1.3bn) of financing for...
PM will open bauxite mine
Fiji’s first bauxite mine is expected to be in operation soon. Mining by Aurum Exploration Fiji Limited will begin next Tuesday at Nawailevu, Bua, soon after the Prime Minister, Commodore Voreqe Bainimarama, commissioned its opening. The Prime Minister’s Office yesterday confirmed Commodore...
Bauxite Resources boosts bauxite JORC Resources by 53% to 51.2m tonnes
Bauxite Resources (ASX: BAU) has delivered a maiden Indicated and Inferred bauxite JORC Resource of 17.8 million tonnes at 41.2 % Total Alumina 29.9% Available Alumina and 3.8% Reactive Silica at its Cardea 3 deposit. The deposit is within its northern Darling Range tenement area about 20...
Bosnia’s authorities release public invitation for exploitation of bauxite
Bosnia and Herzegovina released a public invitation for submitting offers for allocation of the concession for exploitation of the mineral resources of bauxite at the site of Jasenjani in Mostar. The reserves of bauxite ore at the site on Žovnica have been estimated at 19.000 metric tons and...
Australian Bauxite analysis
The Chinese bauxite import statistics for the month of September 2011 show another record month with imported tonnage of bauxite being 37% more than last year at 4.48 million tonnes for the month. The price of Australian bauxite imported into China has risen 19% to US$57.23/tonne. Commenting on the...
Updated: Investigators to be dispatched to caved-in bauxite mine that killed one
There was a fatal accident in which one person died and another was critically injured after a bauxite mining pit at Aroaima caved in.The site belongs to Bauxite Company of Guyana Incorporated (BCGI), the local subsidiary of UC Rusal. Prime Minister Samuel Hinds said a team of investigators would...
