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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Aurukun needs bauxite mine to normalise the economy, says MP Billy Gordon
Independent Queensland MP Billy Gordon and indigenous leaders said Friday, last week, the Palaszczuk (39th Premier of Queensland, Australia) government needed to do more to ensure economic development of the troubled Cape York community of Aurukun. He stressed upon the need for opening the bauxite...
Metallica Minerals hopeful about starting bauxite production by H1 2017
Metallica Minerals is looking forward to starting bauxite production by the first half of 2017. Metallica CEO, Simon Siesarewich said in a recent interview that the company is likely to have the approvals in place over the wet season 2016/17. Since that is not the right time up around Weipa to be...
Consent given for bauxite mining in Wainunu, Bua
A landowning unit in Wainunu, Bua on Vanua Levu has given consent for bauxite mining in the district. Although the district meeting held at Daria Village this week did not identify the mataqali, Tui Wainunu Ratu Orisi Baleitavea confirmed that a landowning unit had given its approval. In an...
Rehab programme underway in Fiji's bauxite mining areas
The Fiji Government is monitoring the rehabilitation work at bauxite mining sites in the North as outlined by XINFA Mining in their rehabilitation plan. The programme is to be continued until the site is fully rehabilitated, Director Mineral Resources Raijeli Taga said in an official update. Ms...
Bauxite-mined land can be cultivated with a little extra effort, says farmer
The lush vegetation grown by Surin Deris, a settler, has shown that land formerly mined for bauxite can be cultivated, with a little bit of extra effort. Surin, 68, a first generation settler in Tanah Rancangan Pemuda Bukit Goh, said the plants were grown about one month after bauxite mining...
Bauxite Hills EIS open for public comment
The environmental-impact statement (EIS) for the proposed Bauxite Hills project, in Cape York, has been opened for public comment after the Queensland government accepted the document. ASX-listed Metro Mining in April submitted the EIS to the Queensland Department of Environment and Heritage...
Iran to seek bids for Guinea bauxite pipeline in aluminium push
Iran expects to issue a tender by the end of 2016 to build a pipeline in Guinea for transporting bauxite mined in the West African nation to a port for shipment to the Persian Gulf country to provide raw material for a planned $10 billion aluminium production push. The tender would be issued after...
Iran seeks partners for $10 bln expansion in aluminium
Iranian miners are seeking $10 billion to develop a domestic aluminum industry that could serve to export 60 percent of production to meet growing demand for the metal used in cars to jets and beverage cans. The raw material bauxite needed to achieve that goal is proving hard to find. Iran’s...
Metro Mining Ltd extends Gulf Alumina merger offer to 26 May 2016
Metro Mining Ltd has now extended the close of the Gulf Alumina merger offer to 26 May 2016. The offer was 3.3 shares in Metro for every one share in Gulf. On 8 March 2016, the Offer was declared to be free of all conditions. In its Second Supplementary Bidder’s Statement, dated 6 April 2016, Metro...
Australian Bauxite hits payday for bauxite shipment
ASX-listed Australian Bauxite (ABx) is hoping to ship its second batch of bauxite from the Bald Hill mine, in Tasmania, within the next two months. The miner said on Tuesday that full payment had now been received for the maiden cargo of 5 557 t of cement-grade bauxite that left Tasmania in April...
Hydro and Vale end negotiations for 40% interest in Brazilian bauxite producer MRN
Hydro and Brazilian mining company Vale has ended negotiations on the possible acquisition of Vale's 40 per cent interest in Brazilian bauxite producer Mineração Rio do Norte (MRN). The two companies entered into a letter of Intent (LoI) regarding the possible transaction in October 2015, but have...
Supreme Court of India quashes Odisha's plea on Niyamgiri bauxite mining
The Supreme Court on Friday scrapped a petition filed by state owned mining company Odisha Mining Corporation (OMC) to consider afresh the possibility of holding gram sabhas to decide bauxite mining on top of Niyamgiri hills. A bench of the apex court headed by Justice Ranjan Gogoi, refused to...
Chhattisgarh to auction two bauxite mines in the second phase
The success of the first phase of mines auction held in February this year has encouraged Chhattisgarh government to go ahead with a second phase of auctioning. This time, the state government is planning to put 10 more mines carrying limestone and bauxite deposits for auction. Of the 10 mines,...
Bauxite prospectors signs mine pact without ministry
An agreement between AU Capital Mining and Iron Mountain Mining was done outside the government’s normal process, without the input from the Ministry of Mines. Both are Australian companies and are eying bauxite prospecting at Nende, Temotu. It has been known from a reliable source that the Mines...
First Bauxite Corporation completes mining of bulk sample pit at Bonasika
First Bauxite Corporation announced that it has completed a bulk sample test pit programme at its Bonasika 7 bauxite deposit. The company provided a general update on the expected use of proceeds from the US$15 million private placement of secured convertible notes to Resource Capital Fund VI LP....
Global bauxite reserves were 27.5 bln tonnes as of Jan 2016, says report
According to a new market research publication on global bauxite mining trends and outlook to 2020, the world bauxite reserves stood at 27.5 billion tonnes (Bnt) as of January 2016. Guinea had the world’s largest reserves, with 7.4Bnt, accounting for 26.9 per cent of the global total, with most...
Concerns remain about new Pahang bauxite mining measures
A gamut of measures have been taken to systematize bauxite mining and transport in Pahang Malaysia, ever since the moratorium ended last month. As per the new rules, safer pakamatic lorries will be transporting bauxite on newly designed routes to new safer storage sites for stockpiles. The routes...
Bald Hill ships first cement-grade bauxite
ASX-listed Australian Bauxite (ABx) has shipped its first 5,557 tons of cement-grade bauxite from the Bald Hill mine, in Tasmania. The company told shareholders on Thursday that the customer sought a second, larger shipment of between 30 000 t and 40 000 t once the large stockpile warehouse at the...
