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...
Rio Tinto adds Aurukun's 8 tpa bauxite opportunity to growing Cape York pipeline
The acquisition gives Rio Tinto control of a major undeveloped Cape York resource as it expands its existing Weipa operations and advances new mining areas. Rio Tinto is expanding its Cape York bauxite portfolio by acquiring the Aurukun bauxite project from Glencore and Mitsubishi, adding a...
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India's Inter-Ministerial Group to respond to RAKIA's arbitration notice on failed bauxite supply
<p>Government of India will form an Inter-Ministerial Group to respond to Ras-Al-Khaimah Investment Authority's arbitration notice seeking compensation on a total investment of US$44.71 million that is being made by it or ensure immediate supply of bauxite to the alumina refinery set up in the...
JNARDDC and MRSAC to develop app to provide data on bauxite deposits in Maharashtra
<p>Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) from Nagpur, India is developing an app in collaboration with the Maharashtra Remote Sensing Application Centre (MRSAC) which will provide a digital database on bauxite and laterite deposits in Maharashtra.<br /><br...
Odisha government revives hopes to Vedanta’s Lanjigarh alumina refinery
<p>The Odisha government and state-owned Odisha Mining Corporation entered into a partnership on Wednesday, 11 January, that will provide bauxites to the Vedanta’s Lanjigarh alumina refinery, which is not operating to its full capacity.<br /><br />Lanjigarh alumina refinery will get bauxite...
UAE serves Indian govt arbitration notice for failing on bauxite supplies for Andhra alumina project
<p>The UAE Ras Al-Khaimah Investment Authority (RAKIA) has served an arbitration notice to the Indian government seeking a hefty compensation of US$44.71 million for a bauxite and alumina supply agreement that was signed for a planned project in south India. The notice served mentioned the option...
Indonesia's government may lift bauxite ore export ban
<p>Indonesia’s government revised draft may lift ban on bauxite ore from the country, offering easiness in the export of bauxite and nickel ore.<br /><br />According to spokesperson, fourth revision of The Office of the Coordinating Economic Minister submitted to Government Regulation No....
Metro promotes Finnis to MD & appoints a GM to prepare for mining
<p>Simon Finnis has been promoted from CEO to Managing Director of Metro Mining Ltd.<br /><br />Metro Chairman Stephen Everett said Finnis had made a significant contribution as CEO and would add increased value as the company transitions from explorer to producer.<br /><br /> “Simon has...
Illicit bauxite mining still a cause of concern for Pahang government
<p>Despite the decision taken by Pahang's Natural Resources and Environment Ministry to extend the bauxite mining moratorium by three more months, until March 31, uncleaned stockpiles of bauxite ore were traced at abandoned mining sites of the region. This indicates at the fact that fresh mining of...
Recap 2016: Who moved the bauxite market and who shaped the industry?
<p>With the growing demand for aluminium in the end user market and the growing aluminium production in Asian countries including China and the Middle East region, demand for bauxite grew manifold during 2016. Countries competed with each other to supply bauxite to China, the largest aluminium...
Bauxite royalties fund to be kept for future generation, confirms land minister in Fiji
<p>According to a report by Fiji Times, The Ministry of Land in Fiji is awaiting clarifications from its permanent secretary on questions by the same newspaper regarding the total royalties which were received by landowners in Nawailevu, Bua for giving bauxite mining rights on their lands.</p>...
Kuantan MP says extending moratorium on bauxite mining will worsen environmental crisis
<p>Fuziah Salleh, Kuantan MP said in a press announcement that extension of bauxite mining ban in Pahang will deteriorate environmental crisis and this could lead to erosion at the bauxite mines.<br /><br />According to Fuziah, this erosion can contaminate river water as well as drinking water....
Metallica Minerals completes a PFS on a bauxite project in Queensland’s Cape York
<p>Metallica Minerals Ltd. Australia has successfully completed an independent pre-feasibility study (PFS) towards the development of the Urquhart Bauxite project in Queensland’s Cape York.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Environment Minister happy with the progress of cleanliness operations in Kuantan mining sites
<p>On a positive update on the bauxite mining situation in Malaysia, Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar has expressed content on the progress of cleanliness operations in Kuantan mining sites before the expiry date of the bauxite-mining ban on Dec 31...
Alcoa secures first major export contract to supply bauxite from Western Australia mine
<p>Alcoa Corporation, the world’s largest bauxite miner, today announced that Alcoa World Alumina and Chemicals (AWAC) has secured its first major third-party contract to supply approximately 400,000 bone dry metric tons (bdmt) of bauxite from its Huntly mine in Western Australia (WA),...
Metro Mining to combine bauxite projects after Gulf Alumina final takeover
<p>Metro Mining Ltd has taken control of 99.7% of Gulf Alumina Ltd and will compulsory acquire the remaining shares.</p> <p>Metro today announced it will immediately combine Gulf’s neighbouring Skardon River Bauxite Project within its flagship Bauxite Hills Project creating one of the largest...
Top five countries with highest bauxite reserves in the world
Bauxite has been a priority sector for the upstream aluminium value chain players for some time now. The supply certainty of the ore plays a crucial role in controlling the logistics cost of the sector which in turn helps in optimising the overall cost of production of aluminium. With China’s...
Bhagwan Marine to support construction on Rio Tinto’s Amrun bauxite project
<p>Bhagwan Marine, which owns and operates marine vessel servicing oil and gas, resources, port services, towage, and construction industries in Australia, has won a contract to supply marine vessels and crew to support construction at Rio Tinto’s Amrun bauxite project in north Queensland.<br...
Hydro acquires 100% stake of Paragominas in Brazil
<p>Hydro announced through a press release on 15 December 2016 that the company has completed the acquisition of Vale's remaining shares in Mineração Paragominas S.A. (MPSA). Hydro expects the acquisition will have a positive impact for Bauxite & Alumina segment of about USD 45...
Marcventures acquires new bauxite mine in Surigao, Philippines
<p>A nickel miner Marcventures Holdings Inc. in Philippines has signed a deal to acquire a bauxite mine located in Samar area in Surigao along with a new nickel mine in Surigao del Sur. The newly acquired mines are adjacent to its existing operations facilitating a merger among the operating...
