Metro Mining builds bauxite momentum with record output, lower costs and broader sales
Metro Mining's Bauxite Hills operation delivered record quarterly production as lower unit costs and a broader customer base strengthen its growth profile. Metro Mining is building momentum at its Bauxite Hills bauxite mine in Queensland, with record quarterly output, lower unit costs and improving...
Ghana’s 920Mt of bauxite reserves catch global investors’ attention amid aluminium push
International investor interest in Ghana’s bauxite industry has intensified, with Coal India becoming the latest overseas company to evaluate opportunities in the country as it seeks to diversify beyond coal and secure mineral assets abroad. The Indian state-controlled miner’s interest remains at...
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India’s mineable bauxite reserve at 0.656 bln tonnes can last next 25 years, TIFAC
Resources of bauxite in India are placed at around 3.89 billion tonnes of which the amount economically feasible for extraction is 0.656 billion tonnes. The Technology Information, Forecasting and Assessment Council (TIFAC) shared the data during a national level meeting held at Jawaharlal Nehru...
Nalco’s net profit shoots up 94% in Q2 FY17-18
National Aluminium Company Limited (Nalco) posted its financial results for the second quarter ended September 2017. The company achieved net profit of INR 235 crore, from INR 121 crore in the corresponding quarter of previous fiscal. Nalco’s net sale was INR 2420 crore in July- September quarter,...
Australian Bauxite announces HoA for ALCORE project
Australian Bauxite Limited has announced the finalisation of a Heads of Agreement (HoA) with technology provider Refined Ore Industries Limited (ROIL) for its ALCORE project. The project which aims at developing a bauxite beneficiation and refining technology to produce aluminium fluoride from...
Bauxite Resources advises shareholders not to take any action on the proposed takeover by Mercantile
Bauxite Resources Limited has published its response to the Off-Market Proportional Takeover Offer by Mercantile Investment Company Limited. The company has said in a release that it has come to know through an announcement to the Australian Securities Exchange dated 8 November 2017 that a wholly...
Mercantile plans to buy Bauxite Resources, sell its assets and return cash to shareholders
ASX-listed Mercantile Investment Company has announced its intention to make a proportional off-market takeover bid for half of fellow-listed Bauxite Resources as part of a plan to put cash back in shareholders’ pocket after a decade of “failed” exploration efforts. In a letter to Bauxite Resources...
XINFA Aurum continues bauxite mining in Fiji to increase stockpile
XINFA Aurum Exploration Fiji Ltd has said that they are continuing with bauxite mining at the Naibulu bauxite mine site, despite the halt in shipment. Ministry of Lands and Mineral Resources permanent secretary Malakai Finau said mining was progressing well in the area. He added that the company...
Metallica Minerals posts an update on Urquhart bauxite mining lease
Metallica Minerals Limited notes that the Queensland State Government has called for an election to occur on 25 November 2017. As a consequence Caretaker Government protocols now apply. The Company has received advice that it remains possible for the Urquhart Bauxite Mining Lease to be granted...
Iran seeks $50 billion in mining investment for five-year plan - deputy minister
Iran is seeking $50 billion in investment for its mining industries out to 2022 and has signed agreements with several European and Asian banks in the past few months, the country’s deputy mining minister said on Wednesday. “We are in need of $50 billion for investment in the mining and mining...
First Bauxite Corporation receives extension for its Bonasika Project
First Bauxite Corporation, a Canadian natural resources company engaged in the exploration and development of bauxite deposits in Guyana, South America, has been granted an extension to commence construction work on its Bonasika Project. The construction commencement date has now been extended to...
Vedanta plans major investment in bauxite & aluminium
Anil Agarwal, the founder and Chairman of the mining and metals major Vedanta Resources Plc, said that the company is planning to invest in sectors such as oil and gas, production of aluminium, zinc, copper, silver and steel and mining of bauxite and rock phosphate. Anil Agarwal told Mint in an...
Australian Bauxite announces quarterly report for three months to 30 September 2017
Australian Bauxite Limited (ABx) has posted quarterly report and activity statement for three months to 30 September 2017. The company registered two sales during the quarter comprising 30,000 tonnes of mixed grade blended cement-grade bauxite and 5,000 tonnes of cement grade. Fertiliser grade...
Major Guinea bauxite mine to start producing in 2019 – mines ministry
One of Guinea's largest bauxite mines will begin producing five-million tonnes per year in 2019, the mines ministry said on Thursday, boosting the West African country's efforts to treble output by 2020. Guinea has about a third of the world's bauxite reserves, which are refined and smelted to make...
Lindian Resources completes mapping of three new bauxite deposits in Tanzania
Australian mineral exploration company Lindian Resources has identified and mapped three new bauxite deposits in the vicinity of its Lushoto bauxite project in Tanzania. The deposits spanning area sizes 2800m by 700m, 2300m by 600m and 2000m by 350m have been named as Lukozi deposit, Malibwi...
GO no. 97 on bauxite mining was not scrapped yet: CPM to AP Govt
The Communist Party of India (Marxist) yesterday said that the state government did not cancel the GO no. 97 on bauxite mining. CPM district secretary K. Lokanadham condemned the announcement of AP Minister for Mines and Geology Sujay Krishna Ranga Rao for stating GOs relating to bauxite mining....
Australian Bauxite Ltd major shipments underway from Bell Bay Tasmania
Loading of the next two bauxite cargoes of bauxite producer, Australian Bauxite Limited (ABx) commenced at Berth 6, Bell Bay Port, Tasmania on 21st October. The ship, MV Marianna is scheduled to depart on 24th October. Ship scheduling and associated logistics in making the cargoes available have...
Ghana has potential to earn $450 billion from processing its bauxite deposits
Vice President of Ghana Dr Mahamudu Bawumia says that Ghana has the potential to earn US$450 billion, if the country manages to processes about 900 million tonnes of its bauxite reserves. This was a part of his keynote address at “Ghana beyond Aid” Conference in Accra organised by the Embassies of...
Final forest clearance received for Kodingamali bauxite mine development in Odisha
The ore-starved Lanjigarh refinery of Vedanta Aluminium finally has something to rejoice. The Ministry of Environment and Forests has granted the final clearance for developing a new bauxite mine in the forest land adjoining Odisha’s Kodingamali plateau area. A mining contractor has already been...
Rio Tinto’s bauxite production up by 4% in Q3 2017
Rio Tinto announced the production results for the third quarter of 2017. The company registered a four per cent increase in bauxite production in the third quarter. Rio Tinto’s bauxite production was 12.9 million tonnes for a second consecutive quarter. This was due to strong production at Weipa...
