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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Australia’s Iron Mountain announces significant bauxite find in Solomons
Australian miner Iron Mountain Mining Limited announced late last week that it has discovered “extensive large-scale” deposits of bauxite in the Solomon Islands. The firm made the discovery in the course of its exploration at the Nendo Bauxite Project in Temotu Province. According to the firm, the...
Metro Mining secures $8.9 mln for Bauxite Hills Project
Greenstone Resources, a specialist mining and metals private equity fund based in the Channel Islands, has agreed to provide a major financial injection to Metro Mining’s flagship Bauxite Hills Project, near Weipa. In an ASX announcement today, Metro Mining confirmed the signing of definitive and...
State preventing clearance of Pahang’s bauxite stockpiles
Bauxite miners in Pahang are significantly less than happy about the latest extension in the government’s mining ban in the province, according to interviews conducted by local media outlets. The latest extension is the second such from the government, which extends the ban until mid-September....
Aluworks nears closing in on US$25m turnaround deal with Vedanta Resources
Aluworks announced that they are close to sealing a US$25million strategic investment deal with Vendata Resources, one of the world’s largest natural resources companies with an interest in aluminium and other resources. “We are talking in a matter of weeks,” Ralph Rossouw, a Director of Vendata...
Vedanta seeks quick supply of bauxite in Odisha
With plans to raise alumina production at its Lanjigarh refinery in Odisha's Kalahandi district by 50 per cent, bauxite starved Vedanta today sought quick steps for raw material supply from within the state. "We plan to enhance production in Lanjigarh refinery from 1 million tonne per annum to 1.5...
Bauxite mining moratorium in Pahang extended again
The moratorium on bauxite mining in Pahang, Malaysia, has been extended yet again, this time for another two months. Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said this was because there were still a sizable number of bauxite stockpiles that had yet to be...
Exploration of bauxite should be further encouraged, says Tom Albanese
Vedanta Ltd Group chief executive officer Tom Albanese, in a recent interview, said that the Government of India should take more initiatives in the mining sector and further encourage exploration of bauxite. While commenting on the winning of the first-ever auction of a gold mine in India in...
Australian Bauxite Ltd: Large sale concluded and new opportunities initiated
Australian Bauxite Limited is selling bauxite into fertiliser and cement markets at prices higher than the currently over-supplied metallurgical bauxite market. ABx's maiden shipment of 5,557 tonnes occurred on 28 April and a second sale of 5,000 tonnes was announced on 31 May. ABx is pleased to...
French entrepreneur exploring prospects of 'responsible mining' in Guinea's bauxite hub
Mining, as an industry, has always been associated with a history of exploitative social practices and environmental degradation, particularly in Africa. Various treaties and organizations have made efforts to clean up mining practices over the years, but very few could smell success out of it....
Indian states begin process to auction 32 mines
Four states including Maharashtra and Karnataka have started the process of auctioning 32 mines that bear minerals such as iron ore, diamond, bauxite and limestone. The initial bids for mines in these states, which also include Andhra Pradesh and Madhya Pradesh, are scheduled to start from this...
Landowning unit visits bauxite mining site in Wainunu, Bua
Landowning units and the people of Wainunu were taken to the Nawailevu bauxite mining sites in Bua to see the success of the rehab program. Tui Wainunu Ratu Orisi Baleitavea said groups had been taken to Nawailevu as an educational and informative visit. "This has been happening for some time now...
RUSAL BoD approves Agreement on restoration of Friguia Alumina Refinery
<p>United Company RUSAL Plc announced that on 22 June 2016 the company's Board of Directors has approved (i) Annex 12 to the Dian-Dian Concession Agreement dated 21 July 2001 in relation to the Dian-Dian project; and (ii) an agreement on restoration of the alumina refinery Friguia and its further...
No mining block from Odisha makes it to the July auction list
None of the Odisha mining blocks has made it to the final list of blocks that would be auctioned in July. The Union Ministry of mines has come up with a list of 31 blocks, the auction process for which has already been initiated by different state governments. There are five blocks in Andhra...
Alcoa in maiden bauxite shipment
Alcoa has loaded its first shipment of WA bauxite destined for a Chinese alumina refinery, describing the event at Kwinana today as a milestone moment. The 47,000 tonne parcel of bauxite, from the Alcoa of Australia joint venture’s Darling Range mines, is the start of an export trial approved by...
EGA to launch construction of 12 mtpa bauxite mine in Guinea
Emirates Global Aluminium (“EGA”) will begin construction on a major bauxite mine in the Republic of Guinea, to secure supply of the high-quality raw material for its primary aluminium production facilities in the United Arab Emirates and create a new, substantial revenue stream through significant...
Aurukun bauxite hits hurdle over the granting of preferred developer status to Glencore
Aurukun bauxite deposit has been hit with a legal challenge over the granting of preferred developer status to mining giant Glencore. This has put the future of hundreds of potential jobs at stake. Aurukun Bauxite Developments has lodged a claim for a judicial review to the decision made under the...
Yunnan Aluminum to build large alumina project in Laos
Yunnan Aluminum Co.’s alumina project in Laos, which has been filed at China’s NDRC and passed censorship by authorities in Laos, is now waiting for approval by the Laos government, the company's executive told Yunnan Daily. The project, with total investment at $900 million, will produce 3 million...
Greenhouse projects on mined-out bauxite lands aiding economic growth in Jamaica
Two major water harvesting and Greenhouse projects that have been recently started in Watt Town and Tobolski in South West St. Ann in Jamaica are helping farmers earn revenues after a long hiatus. The projects running successfully on mined-out bauxite lands are adding substantial economic value to...
