Bosai Mining acquires South America bauxite mining company
Bosai Mining Co. Ltd. bought a controlling stake in Omar Bauxite Inc. in Guyana for $100 million, a company official said today. Bosai Mining now holds a 70 percent share of the South American firm and will assume management responsibilities at the start of next year, said Ma Ying, a senior official with Bosai. Omar Bauxite is able to produce 400,000 tons of calcined bauxite a year, and Bosai...
Iamgold to sell Guyana assets
Iamgold Corp said it has agreed to sell its interests in Omai Bauxite Mining Inc and Omai Services Inc to Bosai Minerals Group Ltd for US$46 million. The deal also include US$18 million in third-party debt. The deal, part of a process of disposing of non-core assets prior to its merger with fellow Canadian miner Cambior Inc, will be finalised on December 31, 2006. Following a review of the assets...
Bosai Mineral preferred bidder for Omai Bauxite
The Chinese company Bosai Minerals Group Co., Ltd is the preferred bidder for the Omai Bauxite Mining Company Limited (OBMI) at Linden, according to sources. Bosai, a privately-owned Group has interests covering industrial minerals manufacturing and international trading. Its main products are metal-grade Alumina, Brown Fused Alumina, Calcined Bauxite, Coke and Ferro-Alloys, according to its website. At...
Bosai Mineral preferred bidder for Omai Bauxite
The Chinese company Bosai Minerals Group Co., Ltd is the preferred bidder for the Omai Bauxite Mining Company Limited (OBMI) at Linden, according to sources. Bosai, a privately-owned Group has interests covering industrial minerals manufacturing and international trading. Its main products are metal-grade Alumina, Brown Fused Alumina, Calcined Bauxite, Coke and Ferro-Alloys, according to its website. At...
Rusal announces 3-way merger
Russia’s OAO Rusal dethroned Alcoa Inc. as the world’s biggest aluminum producer Monday after announcing a three-way merger that will create a US$30 billion (€23 billion) giant with 12 percent of global output. The deal underscored the rise of Russia’s commodities-based industries, which have reaped the benefits of low costs and soaring world prices, as well as the ambitions...
Environmental permit sought for bauxite project in Berbice River
The Bauxite Company of Guyana Inc (BCGI) has submitted an application for an environmental authorisation for the extraction of bauxite from approximately 3,400 acres of land on the East Bank of the Berbice River near Hururu Village. The company is making an investment of US$18.6M with a projected annual turnover of US$60.8M. It is envisaged to produce three million metric tonnes annually at the rate...
BACIF can match the quality of fabricated mining equipment being imported by Brazilian miners
Works Superintendent of the Brass, Aluminium and Cast Iron Foundry Ltd (BACIF) Rondel Ally has told Stabroek Business that the local foundry can match the quality of the fabricated components being imported by Brazilian miners operating in Guyana and that the company is seeking to improve its share in that market. “There is an increasing Brazilian presence in the local mining industry and most...
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