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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EGA's Al Taweelah alumina refinery completes 60% construction for the Calciners section
<p style="text-align: left;">Emirates Global Aluminium’s Al Taweelah alumina refinery in Khalifa Industrial Zone Abu Dhabi, adjacent to EGA’s Al Taweelah smelter and Khalifa Port is almost complete with 60 per cent of construction over for the Calciners section. The overall...
Metro Mining winning battle for Gulf Alumina
<p>Metro Mining appears to have won a prolonged takeover battle for Gulf Alumina Ltd.<br /><br />Metro launched its bid for Gulf last December. Gulf, a public unlisted company, owns the Skardon River bauxite project bisecting Metro’s Bauxite Hills’ project north of Weipa on Western Cape...
MHM, AMC sign merger term sheet to create new bauxite company
<p>Alliance Mining Commodities (AMC), a Bermudan minerals development company has signed a merger term sheet with MHM Metals of Melbourne, Australia, reported industry sources aware of the matter. The proposed merger will be implemented by way of a scrip exchange, at an indicative merger ratio of...
Noranda Jamaica Bauxite operation 'seamlessly' transferred to DADA Holdings
<p>Noranda Jamaica Bauxite officially changed the ownership of its operations in a “seamless” transfer, announced Jamaica Minister of Finance and the Public Service, Audley Shaw. <br /><br />Noranda Aluminum Holding Corporation, the holding company of Noranda Jamaica Bauxite, received...
Moly Mines fighting a $53 mln battle with Metro Mining over Gulf Alumina's Queensland bauxite mines
<p>Moly Mines, one of the most talked about companies on the ASX (for all the wrong reasons though) is reportedly fighting a US$53 million+ battle with Metro Mining for the acquisition of Gulf Alumina's Queensland bauxite operations ownership. Every stakeholder linked to the matter is known to be...
Top five bauxite mining companies in the world
<p>The global Bauxite resources are estimated to be 55 to 75 billion tons. Currently the total reported mine production from 27 countries stands at 245 million tons. The leading f bauxite producing countries are Australia, China, Brazil, Guinea, India, and Jamaica. These countries accounted for 87%...
Iran eyeing Australian bauxite reserves to aid domestic aluminium capacity expansion
<p>Iran is stepping up its initiatives to procure bauxite for its domestic aluminium industry. In a bid to boost the country's aluminium production, the Persian Gulf country is mulling options to secure bauxite supplies from Australia as its Guinea bauxite project remains held up as of now. <br...
OMC to make fresh bids with NGT for mining bauxite in Niyamgiri Hills
<p>India’s State-run mining company Odisha Mining Corporation (OMC) has renewed attempts to start bauxite mining operations in the ecologically fragile Niyamgiri Hills, reported sources aware of the matter. The company’s earlier attempts in this regard were turned futile by the...
CBIX up, Alumina up, Chalco moves on Guinea
<p>CBIX climbed 2.6% (US$1.2/dmt) to US$46.3/dmt on the back of higher ViU-priced Brazilian material. After the slight rise last week, Malaysian prices held, with unwashed material at US$27.5/dmt FOB and washed material at US$39.5/dmt FOB.<br /><br />The pace is quickening (if that’s...
Metro Mining’s offer to acquire Gulf Alumina confirmed superior to Molly Mines
<p>Metro Mining Ltd has confirmed through a press release that the board of Gulf Alumina Limited has announced Metro’s offer to the acquire all of the shares of Gulf to be superior to the proposal from Moly Mines Ltd.<br /><br />It is to be noted that Metro Mining currently owns a 39.3%...
Moly Mines hopes to complete Gulf Alumina buyout by December
<p>Australian mineral development company Moly Mines is expecting to close its Gulf Alumina deal by this year December, reported a source aware of the matter. The ASX listed company is known to be trying to get its proposed buyout of the bauxite miner approved in the company’s...
RUSAL reports improved bauxite production in third quarter 2016
<p>UC RUSAL, the leading global aluminium producer, announces its operating results for the third quarter 2016. In the bauxite segment, the company reports substantial growth in bauxite output in Q3 as well as the first nine months.<br /><br />In Q3, 2016, bauxite output totaled 3,211...
CMDC to start bauxite mining in Narmadapur and Barima blocks in Chhattisgarh
<p>The Chhattisgarh Mineral Development Corporation (CMDC) is poised to start bauxite mining in Narmadapur and Barima blocks in Surguja division of the state. The bauxite mining blocks at Narmadapur and Barima blocks are spread over in areas of 47.81 hectares and 54.26 hectares, informed CMDC...
Indonesian govt to allow provisional bauxite exports under revised rule
<p>The Indonesian government has come up with a revised version of a regulation on coal and mineral resources activities in the country, which is likely to mark a change in the licensing regime bringing flexibility in mineral exports. Energy and Mineral Resources Ministry secretary-general Teguh...
Metallica Minerals celebrates maiden bauxite shipment from Hey Point facility
<p>Australian resource development company Metallica Minerals Limited has announced the successful maiden shipment of bauxite using a barge loading and transhipping facility at Hey Point near Weipa. <br /><br />Metallica plans to use the same infrastructure on the west coast of Queensland's Cape...
Metro Mining to make an offer to acquire Gulf Alumina shares
<p>Metro Mining Ltd has announced its intention to make an offer to buy out all of the shares of Gulf Alumina Limited including those which it does not already own. The Board of Directors of the mineral company said that it considers the offer is far better than oly Mines Ltd's highly conditional...
Bauxite likely to be a key growth driver for Alcoa after the split
<p>Alcoa is betting big on bauxite as the key growth factor that would drive the company after the split, observed an analyst at Market Realist. Until now, Alcoa would consume a major percentage of bauxite that it produces for its captive alumina operations. In the financial year 2015-2016, the...
Noranda obtains court approval to sell alumina refinery in Gramercy, Louisiana and bauxite mining operation in St. Ann, Jamaica to DADA Holdings LLC
<p>Noranda Aluminum Holding Corporation today announced Court approval for the sale of the Company's alumina refinery in Gramercy, Louisiana and bauxite mining operation in St. Ann, Jamaica. Following a competitive auction, New Day Aluminum LLC, an affiliate of DADA Holdings LLC, was selected as...
