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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Rising Bauxite prices not to affect Alcoa projects - Chairman & CEO
During his visit to Dalian to attend the Summer Davos Forum from Sept 14 to 16, Klaus Kleinfeld, the chairman and CEO of Alcoa, discussed with China Daily the firm's development strategy. Alcoa is the leader in bauxite and alumina and has an enviable position in the alumina sector. Our new projects...
Rio Tinto's Cape York development may be hindered
A crab the size of a ten cent piece might stop the development of mining giant Rio Tinto’s $900 million Cape York bauxite mine. Scientists employed by Rio to undertake an environmental analysis of the north Queensland site have found what is thought to be a new freshwater crab species. The findings...
Bauxite Reserves and further mining
Even if we have three billion tonnes of bauxite reserves, the fact is these resources are still finite. Moreover, the experiences of Vedanta in trying to open bauxite mines in the Niyamgiri hills are, to say the least, disheartening. Former mines minister B K Handique had an occasion to say that...
Indian Mining companies big on growth
By mine output, India is one of the leading producers of metals raw materials. However, the actual impact of Indian commerce on global mining is felt far more widely. Recent Indian mining investment has been broad-based, sizeable and reflects a willingness to invest in early stage and...
Impact Of Guinea Mine Code
Late last week Guinea's government announced adoption of a new mining code allowing it to increase its participation in projects run by commodities companies operating in the country to 35% from the previous 15%, to boost revenues from the country's rich bauxite resources. However, it's still...
Guinea Adopts New Mining Code That Gives State 35% Stake
Lawmakers in Guinea, the world’s biggest exporter of bauxite, adopted a new mining code that will give the West African nation a 35 percent stake in commodity companies. “The code gives a correction to the old one for Guinea’s interests,” Mines Minister Lamine Fofana told reporters after the policy...
Linden bauxite dust problem worsens
Residents of Linden are expressing no-confidence in the management of bauxite company BOSAI fulfilling their recent commitment to have two dust collecting units operational by February 2012, saying that they have for many years been living on empty promises. Their claim was valid, according to...
Cape York Mines listing timetable
EXISTING mines will be excised from the proposed Cape York world heritage zone under the Gillard government's revamped strategy to nominate much of the peninsula for listing by 2013. Environment Minister Tony Burke yesterday unveiled the plan to enter on the world heritage register a patchwork of...
Bauxite dust collectors operational by Feb – Bosai
A team of experts is expected in Guyana soon to commence building two dust collecting units at the Bosai Minerals Group Guyana Incorporated (BMGGI), which are expected to be operational by February 2012. During a tour of the facility last Friday, Senior Personnel Officer Vance Reid pleaded for the...
Bosai workers get 7 percent salary increase
Bauxite company Bosai Minerals Group (Guyana) and workers union NAACIE have agreed on a new Collective Labour Agreement (CLA) which will see employees receiving a 7 percent across-the-board wages and salaries increase and other benefits. A joint statement from the two entities on Friday noted that...
Ghana Bauxite Sector Revenues
Underperformance in the bauxite sector, which saw shipments drop by 42 percent, translating into a 41 percent fall in revenues, clouded an otherwise rosy outlook. The chamber linked this to "serious challenges" the Ghana Bauxite Company faced in transporting ore from its mine site to the port, some...
Bauxite Hills drilling program update
Initial results from Cape Alumina Limited’s (ASX code: CBX) drilling program at the Bauxite Hills project area have boosted the company’s confidence in the project’s long-term prospects. The Bauxite Hills project area is 95 kilometres north of Weipa on Queensland’s Cape York Peninsula and five...
Guyana's economy registers 5.9 % growth
Guyana's economy has achieved real economic growth of 5.9 percent in the first half of 2011. Production of bauxite reached a total of 815,505 tonnes at the half year, an increase of 38.6 percent compared to the same period in 2010. The composition of the industry’s output, a higher proportion of...
IBM cracks the whip against illegal mining in state
The Indian Bureau of Mines (IBM), which promotes scientific and systematic development of mineral resources and its rational use, has cracked the whip against large-scale illegal mining in Raigad district in Western Maharashtra and Nagpur region. The action pertains to violations of provisions of...
Guinea transitional council debates draft mining code
Guinea's draft mining code, in which the government plans to more than double its stake in mining projects, has been sent to the country's transitional law-making body for debate and adoption, a member of the council said on Wednesday. "The mining code is currently confidential. We have the next 10...
Road upgrade for mine trucks to cost $77 million
The Transport Ministry's Directorate for Roads in Viet Nam has submitted a plan to the Government that would upgrade the bauxite transport route at an estimated cost of about VND1.6 trillion (US$76.9 million). "However, the project has been stuck due to a shortage of capital, preventing the Nhan Co...
First bauxite export expected at the end of this year
Aurum Exploration Limited is expected to make it's first bauxite export at the end of this year says Deputy Permanent Secretary for Lands and Mineral Resources Pene Baleinabuli. Baleinabuli told FBC News everything is progressing well and mining in Nawailevu looks promising. Baleinabuli says they...
Company announces plans to expand in Bauxite
The demand by oil and natural gas drillers for tiny ceramic particles led to an announcement Wednesday that a company plans to spend $100 million on a new factory in Saline County and to hire 140 new workers. Saint-Gobain Corp. already makes the material at a plant in Fort Smith but needs a new...
