MINEX Forum

Tag: bauxite mining

  • China’s East Hope Group Advances $12.6 Billion Aluminium Megaproject in Kazakhstan

    China’s East Hope Group Advances $12.6 Billion Aluminium Megaproject in Kazakhstan

    China’s East Hope Group, one of the world’s largest producers of electrolytic aluminium and alumina, is progressing plans for a colossal $12.6 billion investment in Kazakhstan’s aluminium sector, according to the country’s Ministry of Industry and Construction.

    Kazakhstan’s Industry and Construction Minister Yersayin Nagaspayev held discussions with Chen Lei, East Hope Group’s Director for Strategic Investments. The two sides discussed establishing a full-cycle aluminium cluster within Kazakhstan, spanning the entire process from bauxite extraction through to primary aluminium output.

    Nagaspayev emphasised that full-cycle production projects are in keeping with Kazakhstan’s state industrial policy, which is geared towards deeper processing and the manufacture of high-value-added goods.

    The talks also covered the project’s current status, the formation of a raw materials base, and the development of production capacity and industrial cooperation. The company is currently undertaking geological exploration across multiple blocks in the Aktobe and Kostanay regions. The broader vision encompasses the development of 11 bauxite and coal deposits across the Kostanay and Aktobe regions, with the project expected to generate approximately 10,000 jobs once fully operational. KursivThe Times Of Central Asia

    The initiative has been gathering momentum since February 2025, when East Hope registered a subsidiary in Kazakhstan to serve as the project’s principal operational centre. An investment framework agreement was subsequently signed between East Hope and the Kazakh government. The Times Of Central AsiaMysteel

    As part of the scheme, East Hope Group intends to construct a 1-gigawatt coal-fired power station in the Kostanay region, whilst also exploring potential renewable energy ventures. The project is designed around circular economy principles, with the aim of creating a complete production cycle for green aluminium products. Qazaqgreen

    Both parties reaffirmed their commitment to advancing the project and strengthening investment cooperation.

  • Slovenian and Hungarian Consortium Launches Takeover Bid for Remaining Stake in Bosnian Bauxite Miner

    Slovenian and Hungarian Consortium Launches Takeover Bid for Remaining Stake in Bosnian Bauxite Miner

    A consortium comprising Slovenian alumina and zeolite producer Silkem Plus and two Hungarian holding companies, Aela and Atesz, has launched a joint tender offer to acquire the remaining shares in Bosnian bauxite miner Rudnici Boksita Jajce that they do not already own.

    The consortium announced the offer in a filing to the Sarajevo Stock Exchange on Wednesday, pricing the bid at 51.41 convertible marks ($30.80) per share. The offer will remain open for 28 days.

    The three companies collectively hold a controlling stake of 67.63% in Rudnici Boksita Jajce, split between Silkem Plus at 30.65%, Aela at 20.43% and Atesz at 16.55%. The takeover bid targets the remaining 32.37% of the company’s equity. Rudnici Boksita Jajce has 186,321 shares in issue, each with a nominal value of 27 marks. The company’s shares have not traded on the Sarajevo bourse in the past year.