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 Reserve of Henan Zhengzhou Reaches 0.26billion tons
Henan Zhengzhou is a city with the richest natural resources in China. Currently, there are proven reserves of 36 minerals including coal, bauxite, refractory clay etc. Proven reserve of coal is 7.208billion tons while refractory clay is 0.1billion tons. Bauxite reserve is 0.26billion tons which...
Guinea: Mining projects
The new Guinean government is set to transform the country's investment climate as it shakes up the civil service and the military, and brings in international advisors to develop radical new development plans. In the immediate future, Guinea's return to growth and export income will be driven by...
Alcoa and Saudi co. get funding for joint venture
Alcoa Inc. and the Saudi Arabian mining company Ma'aden said Sunday that their $10.8 billion aluminum joint venture signed financing agreements worth nearly a billion dollars. Ma'aden Bauxite and Alumina Co.'s agreements with 13 local and international banks include a combination of conventional...
Monax Mining commences maiden drilling to test 44.5% bauxite sample, Queensland
Monax Mining has commenced the maiden drilling program at its Pretender Creek Bauxite project in Northern Queensland to test surface bauxite. Monax has an exploration portfolio of three tenements covering 1,198 square kilometres within the Cape York Peninsula. The 180 hole program will test three...
Update - Australian Bauxite inks maiden 16.8Mt high grade Bauxite JORC Resource at Binjour
Australian Bauxite (ASX: ABZ) has established an initial 16.8 million tonnes JORC Resource at its Binjour project in central Queensland, growing the company resources to 84 million tonnes. The gibbsite-rich resource is based on 88 infill exploration holes that intersected a thick bauxite layer that...
Chinese Investment In Africa’s Mining Sector To Persist
Chinese companies are to continue seeking bauxite projects among others overseas as the country has a significant supply deficit in these metals. Regarding iron ore, China accounts for 14.9% of global production but consumes over 40% of the world’s steel output. This differential is replicated in...
EPA Sanctions Ghana Bauxite Company
The Ghana Bauxite Company Limited has incurred the wrath of the Environmental Protection Agency (EPA) for refusing to submit its monthly environmental monitoring data for processing in the 2010 Public Disclosure for Environmental Performance Rating Programme. Ghana Bauxite, the only company in the...
Hunan Luxi County to Explore Bauxite
In order to improve the development of minerals and make it high-end and high-quality oriented,Luxi county are to focus on introducing stainless stell enterprises which specializes in aluminum powder and pigment development. Luxi county do not possess prominent location and resources advantages,&...
Expect royalty payout to double due to new mining bill: BL Bagra, NALCO Ltd
Mr.Bagra,Nalco CMD says in an interview that as far as NALCO is concerned,their annual payment of royalty on the bauxite, which they are mining presently is in the range of Rs 60 crores. However, that was based on the pre-expanded capacity. Now that their second phase of expansion of alumina...
S. Arabian bauxite to boost Gulf aluminium production
MUSCAT Aluminium production in the GCC will soon get a shot in the arm, thanks to the availability of bauxite from Saudi Arabia. At present, GCC producers source the ore from countries such as Australia, a senior official at Sohar Aluminium told Oman Tribune. “The GCC states currently produce 3.5...
Bauxilum aiming to produce 1.65Mt of alumina in 2012
Venezuelan state alumina and bauxite company Bauxilum aims to close 2012 with production of 1.65Mt of alumina, director of labor relations Wilfrido Flores told BNamericas. "It's a completely achievable goal, but it depends on two factors. The first is the injection of resources and the second is...
First Bauxite Corp. Announces Completion of Bonasika Bauxite Project Feasibility Study Update
FIRST BAUXITE CORPORATION is pleased to announce the completion of the update on its Bonasika Bauxite Project Feasibility Study and to report significantly improved results by the inclusion of the Bonasika 6 and 7 deposits in the economic analysis. The Company has been working for the past year on...
Another bauxite mine
A CHINESE company operating a bauxite mine in Vanua Levu is in the process of setting up another mine there. The bauxite mine in operation at Bua now will be officially opened on November 8. But the company is already in the process of setting up another bauxite mine in the same area. The mine is...
Bauxite Limited inks MoU with Marubeni for pre feasibility study
Australian Bauxite Limited and Marubeni Corporation have concluded a MoU to jointly conduct a pre feasibility study in relation to the Goulburn and Taralga bauxite project located in New South Wales of Australia. A 25 million tonne bauxite resource has been declared at Taralga and Marubeni will...
S. Arabian bauxite to boost Gulf aluminium production
Aluminium production in the GCC will soon get a shot in the arm, thanks to the availability of bauxite from Saudi Arabia. At present, GCC producers source the ore from countries such as Australia, a senior official at Sohar Aluminium told Oman Tribune. “The GCC states currently produce 3.5 million...
Raman Singh to visit US to invite investors
Chief Minister Raman Singh will embark on a week-long trip to US from October 10. He will have discussions with business groups in the US and invite them to invest in Chhattisgarh. The CM believes that Chhattisgarh is set to witness revolutionary changes in the energy sector and soon the state will...
Australia's Atlantic proposes bauxite supply chain project in Vietnam
Australia-listed Atlantic Limited said Thursday it has signed an agreement with Vietnam targeting an integrated bauxite "mine-rail-port" supply chain project in the country's Central Highlands. Under the agreement, signed with the Institute of Mining Science & Metallurgy under the Vietnamese...
Baise Bauxite Reserves help Guangxi to consolidate Ecological Aluminium Base
Recently, implementation plan of Guangxi Baise ecological aluminium base has been approved by National Development and Reform Commission. The approval marks a building boom through this Baise Aluminium project. Baise has a bauxite reserve of more than 1billion tons, which takes up 50% of China’s...
