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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ED seizes Bauxite lease files, to slap PMLA case
Enforcement Directorate officials on Monday took possession of important files relating to the mining leases granted to companies from the state Secretariat. While taking over 22 such important files, the ED team led by deputy director N Sridhar met chief secretary S V Prasad and informed him that...
Lam Dong bauxite mining project faces pollution fines
Authorities of the Central Highlands province of Lam Dong Thursday are considering fining leaders of a government bauxite mining project that has leaked toxic chemicals into a local lake. Inspectors of the provincial Department of Natural Resources and Environment had found that chemical substances...
Bauxite exploration depends on location of useful reserves
The exploration of bauxite in Angola will depend on the discovery of reserves considered as economically useful. This was said on Saturday in Luanda by the chairperson of the investment and mining society “Bauxite Angola”, Bernardo Campos, under the workshop on “The Bauxite and Aluminium importance...
Cape Alumina raises funds with help of major shareholder
ASX-listed Cape Alumina has signed a binding term sheet to raise between A$3.5-million and A$5-million through the issue of a convertible note with its largest shareholder Resources Capital Fund. The convertible note would allow Cape Alumina to draw down on its facility to ensure the timely funding...
Tan Rai bauxite plant pollutes
VietNamNet Bridge – About 200 hectares of coffee, tea and fish pools in Bao Lam District, Lam Dong Province have been polluted by the wastewater released by the Tan Rai bauxite plant that contains sodium hydroxide (NaOH). Tran Duong Le, deputy director of the Management Board of the Lam Dong...
Chinalco hopes to develop bauxite mines in Guinea
Aluminum Corp of China (Chinalco), the country's top aluminium producer,hopes to develop bauxite mines in Guinea, the world's top exporter of the raw material. Luo Jianchuan, a senior official at Chinalco and president of Chinalco's listed unit, Aluminum Corp of China Ltd (Chalco) discussed the...
Bauxite reserves will contribute in improving Ghana economy
Many international financial institutions continue to paint a positive outlook for Ghana’s economy, citing improved macro-stability, high commodity prices. The latest bullish assessment and positive outlook for the country’s economy comes from the report of Standard Batik, parent company of Stanbic...
Kirkvine bauxite plant could reopen next month
JAMAICA'S bauxite & alumina industry may be making a comeback soon as the Kirkvine mining plant in Manchester could reopen next month. Minister of Energy and Mining Clive Mullings last Friday disclosed that the Cabinet was scheduled to consider a proposal yesterday that could lead to the Kirkvine...
All India Online Accounting System for Mineral Transactions
An All Indian Online System for end-to-end accounting for mineral transaction has been proposed by the Government to prevent and detect illegal mining in states across India. Under the online system, registration of miners, traders and exporters of major minerals like bauxite will be a must. The...
Update - Road upgrade to facilitate bauxite transport
The Vietnam Ministry of Transport will invest VND3.9 trillion (US$187.5 million) to upgrade 227km of National Road 20, said Truong Huu Hiep, director of Central Highlands LamDong Province's Transport Department. He said the upgrade would facilitate the transport of bauxite. National Road 20...
Bauxite project hurdles
India, endowed with the world’s fifth largest bauxite deposits and the fourth largest coal reserves, has emerged as a preferred place for making aluminium. Within the country, Orissa is where every aluminium maker wants a presence. That is why the Vedanta group, in spite of being solidly anchored...
Guinea asks China to build 340 MW power plant
Guinea has asked state-owned China Power Investment (CPI) to build a 340 MW coal-fired power plant in the electricity-starved west African state, its mines minister said. The project is part of ongoing negotiations between Guinea and CPI over the potential development of a bauxite mine in Boffa and...
Nakkapalli port project hits a roadblock
The minor port proposed at Rajaiahpeta in Nakkapalli mandal, about 90 km from here, for use as a captive port by Anrak Aluminium Limited (AAL) has hit a roadblock. After serving the land acquisition notices and the subsequent resistance by local fishermen and farmers, authorities seem to have...
Australian Bauxite Limited Extended High Grade Bauxite at Binjour Project Over a Wide Area
Emerging bauxite exploration and development company, Australian Bauxite Limited has received laboratory results from drilling at its Binjour project in central QLD. 89 holes intersected a thick layer of bauxite located beneath a surface clay horizon, including some exceptionally high grade, thick...
Aluminum Industry in Baise Accelerates to Rise
From January to July, aluminum industry in Baise has achieved gross industrial output value of 21.11billion RMB which occupies 53% of that of Guangxi Province. The aluminum industry has gradually become an engine for the economic development in Baise. In this process, private economy is the main...
Minmetals left with OZ essentials only
MINMETALS Resources will be left with only the assets it bought from OZ Minerals in 2009 and a small bauxite interest after sealing a $US726.8 million ($713m) deal to sell trading and fabrication assets to parent company China Minmetals Nonferrous. The previously flagged sale will leave...
Africa Rising: Guinea reworks its deal with mining companies
Development experts say Guinea's new mining code may be its best chance to ensure the world's largest supplier of aluminum ore gets a fair share of the profits. The question: will the new law be enforced? Last week, the most mineral rich country this side of the Congo signed into action 106 pages...
Alcoa Jamalco Reaches Bauxite Milestone Using Sustainable Transport System
Alcoa (NYSE: AA) Jamalco Operations, using a sustainable transport system, has reached a milestone: hauling 10 million tons of bauxite from its Mount Oliphant mine to the rail station, where it is loaded for shipping to the company’s Clarendon alumina refinery. The record was achieved in less than...
