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24 Aug 20263MINS

Coal India eyes Ghana’s 920Mt bauxite as India hunts global mineral assets

Coal India, the world’s largest coal producer, is evaluating bauxite opportunities in Ghana as the Indian state-controlled miner eyes expansion beyond coal and to secure overseas mineral assets. The Ghana interest is part of a wider plan to establish Coal India’s first overseas trading office in Singapore. This could serve as a base for mineral trading and potential acquisitions involving bauxite, lithium, iron ore, rare earths and other critical minerals. As of Thursday, Coal India was value ...

24 Aug 20262MINS

Ashapura Minechem Q1 revenue rises 19.22% to ₹16.16bn as Guinea bauxite volumes reach 2.34Mt

Ashapura Minechem reported Q1 FY27 consolidated revenue of INR 16.16 billion (USD 169 million), up 19.22 per cent from a year earlier. Net profit rose 5 per cent to INR 1.15 billion (USD 12 million). Bauxite exports from Guinea increased 14.1 per cent year-on-year to 2.34 million tonnes, compared with 2.05 million tonnes in Q1 FY26. The increase in exports helped drive the higher revenue during the quarter. Ashapura has lowered its FY27 bauxite volume target to 9-11 million tonnes, from the ...

24 Aug 20264MINS

Canyon Resources’ Cameroon bauxite project hits funding pause as first shipment timeline withdrawn

Canyon Resources’ Minim Martap bauxite project in Cameroon has hit a fresh financing hurdle after AFG Bank Cameroon suspended further drawdowns under the project’s loan facility, prompting the company to withdraw its previously announced first-shipment timeline. The development comes as Canyon also faces funding constraints linked to the takeover bid from A2MP Investments FZCO. Canyon said its Cameroon-based subsidiary, Camalco Cameroon, received formal notice from AFG Bank that further disb ...

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