Maaden secures $1b in oversubscribed financing as Saudi mining push accelerates
Saudi Arabian Mining Co. (Maaden) has secured USD 1 billion in inaugural international syndicated credit facilities, with strong demand from global lenders highlighting confidence in the company's expansion strategy and Saudi Arabia's broader mining ambitions. Maaden has secured USD 1 billion in...
Vedanta Aluminium veteran Rajiv Kumar joins Jindal Steel as COO
Vedanta Aluminium veteran Rajiv Kumar has been appointed Chief Operating Officer (COO) of Jindal Steel after completing a successful stint as Chief Executive Officer of Vedanta Aluminium. Kumar, who brings more than three decades of experience in the metals and mining industry, will now oversee the...
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Alpart resumes bauxite mining
Prime Minister Portia Simpson Miller announced a short while ago that the Russian company UC RUSAL yesterday commenced the mining and processing of bauxite at the Alpart refinery at Nain in St Elizabeth. So far, the company has employed some 40 people and it has given its commitment to employ...
Indian government to initiate new rounds of coal auctions next month
Indian government to start another round of coal auction next month which belong to the 204 coal blocks that were cancelled by the Supreme Court last year, announced Union Power Minister Piyush Goyal on Tuesday. No official number was declared as to how many coal blocks would be put on auction...
Australian Bauxite ups Tasmanian bauxite resources
Australian Bauxite has estimated initial resources for its Bald Hill mine near the Campbell Town production centre in Tasmania to be 3.5 million tonnes. Total Tasmanian bauxite resources now total 9.2 million tonnes, an increase of 61%, with bulk test pits in mid-2013 indicating yields of 65% to...
Indonesia may ease bauxite export ban to generate revenue for building smelters
An Indonesian mining ministry official on Monday said that export ban on bauxite may be eased to promote smelter building in the country. The country had banned the export of minerals last year in a bid to develop the upstream industry within the country and only export processed, end products....
Aziana Limited to sell Manantenina Bauxite Project to Indian buyer
Aziana Limited has signed a conditional agreement to sell its Manantenina Bauxite Project in Madagascar for a total consideration of US$2 million (A$2.56 million) to India’s Thankys Exports Pvt. Ltd. The non-binding agreement includes a royalty of US$0.50 per tonne of bauxite mined. Manantenina...
Parliament passes the Mines and Minerals Development and Regulation (MMDR) Bill, 2015
On Friday, the Parliament passed the much debated Mines and Minerals Development and Regulation (MMDR) Bill, 2015, a move that is expected to boost investments in the country. For the Indian economy to receive the much needed thrust forward, foreign investments are necessary and mining is a good...
Vedanta Aluminium granted access to laterite deposits by the Orissa Govt.
Vedanta Aluminium Limited (VAL) will be granted laterite deposits by for their Lanjgarh in Kalahandi district the State Government announced on Friday. An agreement will be signed between the government and VAL to explore the laterite deposits which contain substantial amount of aluminium although...
Govt approves allocation of bauxite block to Odisha Mining
The government has approved a proposal from Odisha to allocate a bauxite deposit with reserves of over 150 million tonnes to the state mining company, a move likely to help companies like Sesa Sterlite Ltd that are banking on the raw material to fire their aluminium smelters in the state. In a...
BHP flags $US738m demerger costs
BHP Billiton expects to incur one-off costs of around $US738 million on its $US15 billion ($A18.5bn) spin-off of non-core aluminium and manganese assets into South32, but has flagged further reductions to its cost base following the transaction. Investors responded well to the news. By 4.15pm...
Rio Tinto adds 15 new apprentices at Weipa bauxite operation
Fifteen new apprentices have picked up their tools and launched their careers in the mining sector with Rio Tinto’s Weipa bauxite operation. The recruits will develop skills in fields such as diesel fitting, fitting and turning, electrical, and boilermaking over the next three to four years to gain...
Aluminium industry bags more coal mines indicating rising demand for the metal in India
In the recent Indian coal auctions, aluminium bagged more coal mines than steel as a result of aggressive bidding from aluminium producers pointing to a rising domestic demand for the metal. While aluminium is an energy intensive metal to produce, steel needs to coal as a reduction agent to form...
South Goa traffic cell calls for restricted movement for bauxite-laden trucks
South Goa traffic cell has lodged a complaint with the district magistrate to restrict the transportation of bauxite-laden trucks operating between the Naquerim-Betul and Vasco as it causes traffic congestions in the port area, especially during peak times. Trucks are said to make around 220 trips...
Rusal starts bauxite mining in Guyana
UC Rusal commenced mining operations at its $25 million Kurubuka-22 project, which is located near Kurubuka in Guyana. The bauxite deposit is estimated at 30 million metric tons (mt). Development began in 2013 with construction of the mine, infrastructure development, building of access roads,...
CNA ventures into bauxite mining; plans investment
In a bid to enhance diversification, the CNA Group has expressed interest in bauxite venture signing a non-binding MoU with a bauxite mine and processing plant in Shanxi, China for a five percent stake in the company. The fruitfulness of the venture will only come forth in due course said the...
Heavy rain hampering bauxite stockpiling in Bua
Xinfa Aurum Exploration Limited in Bua is facing bauxite stockpiling issues as a result of heavy rain showers in the region. Managing Director, Isirelli Dagaga highlighted the issue in an interview where he also says that they even refrain from mining in wet weathers as it results the production....
Hindalco Industries gains after winning a coal block in Jharkhand
Hindalco Industries rose 0.54% to INR148.70 at 9:15 IST on BSE after the company won the Dumri coal block in Jharkhand at Rs 2,127 per tonne on the third day of coal auctions for schedule III category mines held on Saturday, 7 March 2015. The stock hit a high of INR 150 and a low of INR 148 so far...
XINFA's first shipment of bauxite to China expected next month
The first shipment of bauxite to China is expected next month as mining has already started at Votualevu village in Lekutu, Bua. XINFA Aurum Explorations Fiji Limited Mine Manager, Basilio Vanuca says 400,000 tonnes of bauxite is expected to be extracted from the new site. He said 200 seasonal...
Indian Govt plans to auction minerals like iron ore, bauxite
New Delhi In a bid to bring in reforms in the mining sector and enhance transparency, the government plans to auction minerals such as iron ore, bauxite and manganese, Parliament was informed today. Minister of State for Mines and Steel Vishnu Deo Sai replied in affirmative in response to a query...
