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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International tender for Aurukun bauxite
The Queensland Government will conduct an international tender for the development rights of the Aurukun bauxite in Western Cape York., “The original tender process in 2005-06 was based on bidders committing to develop the bauxite resource as a bauxite mine as well as a new alumina refinery to...
Chalco says discussions on Australia project terminated
Aluminum Corp of China said its discussions over possible development of bauxite resources in Australia had ended and that it would make provisions for impairment on associated expenditures. The Queensland government terminated the discussions, the company said late Sunday, putting an end to what...
Chalco says discussions on Australia project terminated
Aluminum Corp of China said its discussions over possible development of bauxite resources in Australia had ended and that it would make provisions for impairment on associated expenditures. The Queensland government terminated the discussions, the company said late Sunday, putting an end to what...
India Says No Green Nod for Vedanta's Bauxite Mine
Vedanta Resources PLC's bauxite mining project in eastern India hasn't received environmental clearance, the government said over the weekend. Reacting to a Times of India report that an environment panel has reviewed and cleared the project in Orissa state's remote Niyamgiri hills, India's...
Mayor pushes for end to bauxite royalties
The Government is conducting an international tender for development rights for bauxite in Aurukun, in Cape York, after Chalco won the original tender but withdrew last year due to the global financial crisis. Chalco had suggested Bowen, in the state's north, would be the most suitable place for...
Cape Alumina announces the successful raising of $1.8 million through the issue of Convertible Notes to Significant Shareholders
Cape Alumina Limited (ASX: CBX) (“the Company”) is pleased to announce that it has secured $1.8 million in funding from three of the Company’s largest shareholders (Relevant Shareholders) through the issue of Convertible Notes. The funds will be applied to advancing the Company’s Bauxite Hills...
Vedanta mine plan back on track?
Could Vedanta's aluminium refinery and bauxite mining project be looking at a second lease of life? A sub-committee of the environment ministry has given the go-ahead to mining the Niyamgiri hills, months after Union environment minister Jairam Ramesh had put the refinery project on hold for...
Chalco, Aurukun bauxite deal falls through: report
Negotiations between the Queensland government and Chinese aluminium giant Chalco over a $2.3 billion alumina refinery in the north of the state have broken down, with the Aurukun bauxite leases now set to be put up for sale later this year, according to The Australian Financial Review. According...
Rusal Holds Talks With Guinea to Develop Bauxite Deposit
United Co. Rusal, the world’s largest aluminum producer, said it’s in talks with the government of Guinea on terms to develop the Dian Dian bauxite deposit. The African nation’s government plans to introduce new rules on mining concessions, Vladislav Soloviev, first deputy chief executive officer...
Australian Bauxite Limited (ASX:ABZ) Announce High Grade Brown Sugar Bauxite Discovery at Guyra, NSW
Sydney, June 28, 2011 (ABN Newswire) - Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) has received laboratory results from drilling at its Guyra project in NSW. 63 holes intersected a thick layer of bauxite located beneath a thin clay horizon, including...
Herberton bauxite miner vows to avoid trouble with Tableland farmers
A SYDNEY miner has vowed to steer clear of any conflict with Tableland farmers when it starts exploring land near Herberton for bauxite within the next six months. Queensland Bauxite Ltd owns two tenements about 16km northwest and about 18km south-southeast of the town. Executive chairwoman Pnina...
North economy vulnerable
ABOUT $30million will circulate in the Northern Division once new investment projects like bauxite mining and wood chip exports in Bua start. This coupled with a good year in sugarcane should boost the Northern Division economy, says Labasa Chamber of Commerce president Ashok Karan. Mr Karan said...
Rusal vets Fiji for alternative bauxite
Mr Oleg Deripaska's Rusal, the world's biggest aluminum producer, has given Rio Tinto food for thought on the future mix of bauxite supplies to their Queensland Alumina Limited JV at Gladstone in Queensland. Rusal has thrown up the potential for Fiji to become a new source of bauxite to cover its...
Dubal to mine Guinea bauxite with BHP
Bloomberg reported that Dubai Aluminum Company is seeking to mine bauxite in Guinea in partnership with BHP Billiton Limited as well as sourcing the raw material from Cameroon and India. Mr Sultan Al Sabri GM of marketing and sales said that “One of our projects is in Guinea together with BHP...
Vedanta Aluminium creates new National record in Vessel loading
Bhubaneswar: Vedanta Aluminium Limited, a subsidiary of London stock exchange listed Vedanta Resources Plc, created a new national record at Kandla Port in bauxite loading. The company achieved this feat along with the handling agent SVCT Pvt. Ltd. The new record was created when 36400 MT bauxite...
Vedanta Aluminium creates new National record in Vessel loading
Bhubaneswar: Vedanta Aluminium Limited, a subsidiary of London stock exchange listed Vedanta Resources Plc, created a new national record at Kandla Port in bauxite loading. The company achieved this feat along with the handling agent SVCT Pvt. Ltd. The new record was created when 36400 MT bauxite...
South Korea Plans to Invest in Guinean Resources, Ministry Says
A South Korean business delegation held talks with Guinean authorities about investing in the country’s natural resources, the West African nation’s Foreign Ministry said. “South Korea needs iron, uranium and several other resources, the raw materials which Guinea has,” the ministry said, citing...
Bauxite Resources receives A$9m from Yankuang Group, boosts cash position to $50m
Bauxite Resources (ASX: BAU) has received a $9 million reimbursement from joint venture partner Yankuang Group Corporation in accordance with bauxite refinery and bauxite resource agreements signed in January this year. The payment to Bauxite Resources covers three separate reimbursable amounts due...
