Indian Government Approves ₹2.67 Billion In New Bauxite Mining Projects For Chhattisgarh
Earlier this week the Indian government approved of ₹2.67 billion (US$36.3 million) in new bauxite ore mining projects for the...
India bauxite
India’s Government Panel Recommends Expedited Approval Of Sustainable Bauxite And Aluminium Production Permits
A panel of the Indian government has asked that environmentally-responsible permits for bauxite mining be fast tracked in order that the country’s significant bauxite reserves may be tapped into sooner rather than later. Headed up by Bharatiya Janata Party leader Rakesh Singh,...
Federal Auditors Take Nalco To Task For Weak Performance And Lost Financial Opportunities
India’s state-owned aluminium producer National Aluminium Company Ltd was taken to task last week by the national auditor for failing...
New Andhra Pradesh Government Rescinds Mining Authorization For Vishakhapatnam
The incoming government for Andhra Pradesh announced earlier this week its decision to rescind the order promulgated by a previous...
Events
Analysts Predict Strong Year Ahead For India’s Bauxite Production
Though pressures from tightening environmental regulation and push-back from certain local tribal entities may work to slow it, analysts expect India’s bauxite sector to continue to grow by leaps and bounds in the months and years ahead. In a report released earlier this week by Fitch Ratings Inc.’s analyst branch Fitch Solutions Macro Research, the […]
Coal India Weighs Bid to Begin Bauxite Mining
An official who spoke to domestic media says that state-run miner Coal India is weighing a proposal for branching out into the mining of bauxite ore (among others) in a bid to diversify the company away from strictly mining coal. “Coal India is planning to get into mining of bauxite, nickel and iron ore. However, […]
Balco to Ramp Up Bauxite Production at Chhattisgarh Mines
India’s Bharat Aluminium Company (Balco) said recently that it intends to increase bauxite ore production in an effort at meeting its raw material shortfalls. Currently Balco is harvesting two million metric tons per annum from its two allotted mines in Chhattisgarh. However this is not sufficient to meet the aluminium production boost at its Korba […]
Nalco Turns In Lower Numbers for First Quarter of FY2017
Although production in the first quarter of the current fiscal year grew by ten percent year-on-year, National Aluminium Company Limited’s (Nalco) bottom line declined by almost one quarter in the same period. The firm reported a net profit between April and June of INR135 crore, down year-on-year from INR174.3 crore. Revenue increased 3.87% year-on-year, to […]
Aluminium Development Council Coming Soon: India’s Mines Minister
India’s Mines Secretary Balvinder Kumar indicated that an Indian Aluminium Development Council was in the works in remarks made at an aluminium seminar yesterday. Speaking at the Aluminium Association of India’s seminar entitled “Aluminium: The Strategic Metal,” Kumar also commended the industry’s major players for coming together to weather the aluminium industry’s recent stormy past. […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
