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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UC RUSAL, Guinea agree on partnership development terms for Friguia bauxite complex
UC RUSAL, a leading global aluminium producer, and the Republic of Guinea have signed an annex to the Dian-Dian concession agreement and also reached an agreement on resuming operations at the Friguia bauxite and alumina complex. The newly signed annex to the Dian-Dian concession agreement splits...
Pahang ministry hopes bauxite SOPs ready before moratorium ends
The Natural Resources and Environment Ministry of Pahang, Malaysia, is hoping that improvements to the standard operating procedures (SOPs) for bauxite mining can be finalised before the expiry of the moratorium on the activity. Its Deputy Minister Hamim Samuri said, however, the new SOPs would...
Bauxite Resources' current cash burn rate reduces in quarter ended March 2016
Bauxite Resources Limited has published its production report for the quarter ended on March 2016. During the review period, Bauxite Resources completed sale of the company’s interest in the BAJV. Key changes made as a consequence of this were as follows: • BRL received net cash funds of $6m from...
Odisha Mining Corp on track to be a long-term bauxite supplier
Odisha Mining Corporation (OMC), a state-run entity engaged in iron ore supplies to steel plants both within and outside the state, is on course to be a long-term bauxite supplier to aluminium producers operating without captive leases. The central mines ministry has approved the reservation of the...
Lack of markets for bauxite a cause of worry for Mozambique govt
The Tax Authority of Mozambique has confirmed that it is holding negotiations with Vale Mozambique, the local subsidiary of major Brazilian mining group Vale, on the payment of capital gains tax. Vale Mozambique is one of a number of major companies with which the tax authority is currently having...
2nd Global Bauxite Conference 2016 to be held in Bali, Indonesia, on 29-30 June
Global Bauxite Conference 2015 took place in Kuala Lumpur at the end of June last year. Thanks to the participation of leading companies like Alcoa, Gunvor, Hydro, Itochu, Mitsui, Rio Tinto, Sojitz, South32, UC RusAl, etc. and also the great support from organizations like AZ China, Guinea...
Rio Tinto finally executes job-cuts at Weipa bauxite mine operations
Mining giant Rio Tinto is finally laying off more than 40 staff at its Weipa bauxite operations. The staff are spread across the East Weipa and Andoom ventures. Two weeks ago, Rio Tinto flagged job cuts at Weipa. It wrote to all personnel, warning them of job losses as part of a review to cut...
Bauxite Resources announces completion of Yankuang transaction with sale of Fortuna
Bauxite Resources Limited announced that it has now received from Mercator Metals Pty Ltd a duly executed Deed of Variation & Assumption which was required to complete the assignment of the bauxite rights held for the Fortuna deposit to Yankuang Resources under the Sale & Purchase Agreement dated...
Nalco eyes 68.95 lakh tonnes of bauxite
The National Aluminium Company Limited (Nalco) targets to produce 68.25 lakh tonnes of bauxite and 21.50 lakh tonnes of alumina from its mines and refinery unit at Damanjodi in Koraput district during the current fiscal year. "In 2015-16, we broke all our records by producing 63.4 lakh tonnes of...
$40m bauxite mine at Weipa shows promise for 250 jobs next year
A new $40 million bauxite mine is on track to start production next year with jobs for up to 250 people over the life of the project. Bauxite Hills, north of Weipa on Western Cape York, has a Direct Shipping Ore resource of 65.3 million tonnes, worth about $3 billion at today’s prices, and a mine...
JNARDDC with NALCO develops high strength ceramic balls from bauxite ore and flyash
The Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) has developed a unique product; very high strength ceramic balls or granules made from one of the waste components (partially lateritized khondalite or PLK) of bauxite ore and flyash. The centre is in the process of...
Nine mines in Odisha including bauxite mines to be auctioned by year end
By December this year, nine mines, including iron ore, limestone and bauxite mines will be auctioned in Odisha, the state steel and mines minister Prafulla Mallik has said. For this necessary steps are being undertaken for the mines to be moved from G-3 to G-2, while GPS survey is also on he said...
Australian Bauxite secures 5,000 tonnes non-met supply deal
Australian Bauxite Ltd announced that it has completed the first sale of 5,000 tonnes non-metallurgical grade bauxite from its Bald Hill mine operations in Tasmania to an unknown buyer for use in the cement and fertiliser markets. The sale is significant, not only because it is rare to hear of...
Tasmanian bauxite miner in maiden sale
Tasmania's newest miner has locked in its maiden shipment after losing $1.04 million last year. Australian Bauxite Limited has had its first 40,000 tonne shipment from its Bald Hill Mine, near Campbell Town, ready since early December. However, the price crashed and a sale deal did not proceed. On...
Vedanta's FY16 alumina production drops marginally
Vedanta Limited announced yesterday production results of fourth quarter and full year ended 31 March 2016. In Q4 FY2016, Lanjigarh alumina refinery operated at a single stream and produced 211,400 tonnes. Vedanta Ltd has received approvals for expansion of the Lanjigarh refinery to 4 mtpa, which...
Pahang law enforcement agencies extend bauxite checkpoint operations
Pahang law enforcement agencies along with Pahang police will continue with operations on bauxite mining at nine checkpoints in line with the extension of the mining moratorium period. State police chief Sharifuddin Ab Ghani said the checkpoints which operated 24 hours a day were to ensure that...
Rio Tinto warns of job cuts at Weipa bauxite operations
Mining giant Rio Tinto is flagging job cuts at its Weipa bauxite operations. The company has not revealed exact numbers yet, but has written to all personnel, warning them of job losses as part of a review to cut costs because of falling aluminium prices and competition. The operation employs 1400...
Mixed reactions to extension of Pahang bauxite mining moratorium
Pahang federal government’s decision to extend the moratorium on bauxite mining by three more months is viewed as a move in the right direction for the people’s well-being. Pahang Menteri Besar Adnan Yaakob welcomed the decision and thanked the federal government for taking the move. “It is the...
