Wastes originating from various industries are high in metal and metal oxide content and therefore have a potential to be used as low cost catalysts. Simple physical and/or chemical treatments may be employed to enhance the activity of the material without adding extra cost. Red mud is one such waste generated as a by-product of the aluminium industry which is high in metal oxide content. It is highly alkaline and requires special disposal techniques to limit the hazardous impact it can have on the environment. The present work focuses on a ?high value'' utilization of red mud by investigating its activity for oxidation and decomposition reactions. The study can be especially useful for researchers and students interested in studying high value utilization of industrial wastes and low cost alternate catalyst sources.