Bauxite

Miners' body FIMI has sought withdrawal of export duty on bauxite, stating that the move will lead to optimum utilisation of low-grade mineral resources as it will expedite reopening of closed bauxite mines, create jobs and earn foreign exchange. Bauxite is the principal ore of aluminum and therefore the mineral is the essential raw material for aluminium producers. "The export duty of 15 per cent on bauxite is detrimental to the Indian non- metallurgical bauxite producers and exporters...This Federation therefore request for complete withdrawal of export duty on exports of bauxite," FIMI said in its pre-Budget proposals to the finance ministry. India, it said, is not only self-sufficient in meeting its requirement but has huge potential to be a major player in the international bauxite market. Domestic alumina and aluminum producers have their own captive mines or meet their requirement from mines located in eastern and central parts of the country, which contain plant grade ..

One site each of potential gold, copper, graphite, bauxite, and moissanite would be taken up for the initial study, the official said.

Company sees consumption rising as electric vehicles increase and light metals become more important

In the aluminium sector, as things stand, Hindalco and Nalco are the only players that are completely integrated -- from bauxite to alumina to aluminium

This, despite its position as the country with the fifth-largest deposits of the mineral in the world

The mineral lobby body has appealed to the Union finance ministry to exempt bauxite exports from duties

Alumina production at Lanjigarh was up 16 per cent y-o-y to 476,000 tonnes

Non-plant grade bauxite has limited avenues of usage in India and thus it was mostly exported but the duty on its export hampered business

Vedanta is currently working on the ramp-up of the Lanjigarh refinery

Across the country, six bauxite blocks have been offered for competitive bidding. All six blocks have been auctioned in Maharashtra, data from the Union mines ministry website showed

India's bauxite output growth will accelerate to serve growing demand from the domestic aluminium industry

70 per cent of the saleable stock of bauxite would be made available for long-term linkage (LTL) and the rest 30 per cent is to be sold through national e-auctions

Though the export duty on bauxite was reduced by five per cent, to 15 per cent, in the earlier Union Budget

A duty of 15% makes aluminium raw material uncompetitive in Chinese markets; livelihood of thousands of workers at stake