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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Cita Mineral to produce Indonesia’s first alumina
Indonesian conglomerate Harita Group representative Hidayat Sugiarto (left to right), bauxite miner Cita Mineral Investindo director Robby Irvan, president director Liem Hok Seng, director Yusak Parded, commissioner Harry Tanoto and commissioner Kartiko Sunu prepare for a photograph during a public...
Vedanta eyes bauxite auctions for feeding Lanjigarh refinery
London-listed Vedanta Resources is looking up to auctions of bauxite blocks to clinch long-term raw material security for its alumina refinery at Lanjigarh (Odisha). Vedanta was feeding the refinery by sourcing bauxite from other states as well as importing from countries like Guinea. The refinery...
Guinea's CBG gets $1 bln loan to boost bauxite production
Guinea's Bauxite Company (CBG) has reached an agreement in principle over a $1 billion loan to increase production capacity at the Kamsar treatment plant, the firm's general director told Reuters on Friday. Guinea has around a third of the world's reserves of bauxite, used to make aluminium,...
Strong project pipeline to lead growth in global bauxite ore production
Global bauxite ore production is set to experience solid growth driven by a robust project pipeline and reach 321.3 million tonnes (Mt) in 2020, according to a recent industry report. The report states that the production will witness a compound annual growth rate (CAGR) of 3.1 per cent from 2016...
Jamaica’s Alpart operation to reopen within months: Mining Minister
According to Jamaica’s Minister of Transport and Mining Michael Henry, authorities expect to reopen the Alpart bauxite mine and alumina refinery in Nain, St Elizabeth, in the present fiscal year, which runs from April 1, 2016 through March 31, 2017. Henry made the disclosure while speaking to...
Dubai group seeks funding for $8bn Guinean bauxite mine
A Dubai-based resources firm is in talks with trading houses to develop bauxite reserves in Guinea, valued at $8 billion and previously held by BHP Billiton, the company's co-founder said on Thursday. James Tounkara, co-founder of Gajah Investment Group, said he also expected Chinese involvement in...
Yunnan discovers large bauxite deposit
A large bauxite deposit was found in Ludian County, Yunnan Province, the China Geological Survey (CGS) reported. The deposit is estimated to have 20.1 million tonnes of reserves, the CGS added.
Minister says mined-out bauxite lands in Jamaica will be returned to production
Transport and Mining Minister of Jamaica, Hon. Mike Henry, says that mined-out bauxite lands across the island will be returned to productive use, especially in the area of agriculture. During a tour of two water harvesting and greenhouse cluster projects in St. Ann on June 2, Mr. Henry said he is...
CRU declares 2016 “The Year of Guinea” as it breaks down the global bauxite market
CRU issued a report late last week detailing the future of bauxite ore, and, according to CRU’s analysts, the future looks pretty good. Following is an overview of the top bauxite-producing regions and an outlook for the coming months. Indonesia – the archipelagic country had been the source for up...
Centre looking to set up satellite port in Goa
The Centre in a joint venture with the Goa government is planning to have a satellite port, about 35 kms from Mormugao Port Trust, Union Shipping Minister Nitin Gadkari said yesterday. "The Centre in a joint venture with the Goa government is planning to have a satellite port which will be 35...
China demand to drive 15 year-long bauxite boom, says Rio Tinto
China’s quest for raw materials for its aluminum smelters and alumina refineries promises to deliver a 15-year boom for exporters of bauxite, according to Rio Tinto Group, which is spending $1.9 billion to raise output. Global demand is already growing rapidly and will outpace the 4 percent-a-year...
Australian Bauxite finalises second sale, third coming
New Tasmanian miner Australian Bauxite Limited is making progress after hitting market problems. The company, which mines at Bald Hill, near Campbell Town, recently finalised its second sale and is working towards a much bigger third sale. It is also eyeing a large deal in the Middle East. Mining...
New report published on Bauxite Cement Market 2015 – 2022
Research Corridor has published a new research study titled “Bauxite Cement Market – Growth, Share, Opportunities, Competitive Analysis and Forecast, 2015 – 2022”. The Bauxite Cement market report studies current as well as future aspects of the Bauxite Cement Market based upon factors such as...
Jamaica was denied $625 mln in bauxite levy payments due to govt "slackness"- says minister
Minister of Finance and the Public Service Audley Shaw says that Jamaica was denied $625 million in bauxite levy payments last December due to the “slackness” of the previous Government. Shaw, in closing the 2016/17 Budget Debate yesterday in Gordon House, spoke about the loss to the country when...
Freeze on Pahang bauxite mining possibly extended again, minister says
The moratorium on bauxite mining in Kuantan, Pahang, may be extended until all conditions set by the authorities are adhered to, according to Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar. The New Straits Times (NST) quoted him as saying that the conditions...
Rio Tinto's innovative mining practices deliver environmental and cost benefits
Showing that savings in the mining industry can be achieved by implementing sustainable practices, Rio Tinto has modified the design of the rear tipper truck fleet at its Weipa bauxite mine to reduce costs and fuel usage. The mine’s rear tipper trucks are fuelled by diesel and are used during the...
India to auction 7 mines by August including 1 bauxite mine in Koraput, Odisha
Odisha government is in the process of putting at least seven mines for auction by August, state Steel and Mines Minister Prafulla Mallick said today. The seven mines include iron ore, manganese and a bauxite mine in Koraput district. "We are in the process of auctioning seven more mines by...
L&T on verge of bagging bauxite deposits in Odisha
Diversified conglomerate Larsen & Toubro (L&T) is on its way to secure the Kutrumali and Sijimali bauxite deposits in Odisha, with combined reserves of over 300 million tonne. L&T holds the prospecting license (PL) over the twin deposits and is entitled to bag the mining lease (ML) under the new...
