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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Metro Mining lowers cost on Bauxite Hill mine
A new prefeasibility study (PFS) on the Bauxite Hills project, in Queensland, has revealed that the project could deliver some two-million tonnes of direct shipping ore (DSO) product, over a 21-year mine life. Owner Metro Mining told shareholders on Tuesday that the DSO option allowed for the...
Demand for aluminium rises in Ethiopia; local company thrives
A local aluminium manufacturer named Inter Africa Extrusion is applying for a prospecting license to explore the regions in Southern Nations Nationalities and Peoples Regional State (SNNPR) after discovering aluminium through a recent survey. The company had teamed up with a Chinese firm to carry...
Metro Mining to release pre-feasibility study for Queensland bauxite project
Metro Mining has been granted an ASX trading halt in relation to the release of a Pre-Feasibility Study and Reserve statement for its Bauxite Hills Project in Queensland. Yesterday, the company estimated a JORC2012 Indicated Resource of 30.3 million tonnes of direct shipping ore (48.4% total AI2O3,...
Hindalco secures Kathautia coal mine in Jharkhand
Hindalco Industries secured a coal mine in Jharkhand on the second day of the auction, boosting the shares of the company significantly. Six other contenders were in competition to secure the coveted Kathautia mine in Jharkhard including Monnet Ispat & Energy, Rungta Mines, UltraTech Cement and the...
Pahang Govt. to cease mining activities if pollution continues
The Pahang Govt. says if the pollution problem persists, despite the recent steps taken, they will not hesitate to cease bauxite and iron ore mining activities. Following the complaints raised by Chinese tourists regarding the dirty condition of the Kuantan Port, the state government took the...
Weipa mine to use renewable energy owing to ARENA’s funding
Weipa bauxite mine will soon become the first mining site to adopt renewable energy thanks to the Australian Renewable Energy Agency (ARENA) who is providing the funds worth around $23.4 million for the revolutionary two-phased project. For the first phase of the project, ARENA will be shelling out...
Coal Ministry of India receives 69 applications from PSUs for 36 coal blocks
As Indian government has opened application submission for coal blocks allocation, a number of state owned companies have aggressively put up applications for coal blocs. NTPC, one of largest the public sector undertaking for power generation has put in eight applications for coal blocks. States...
Queensland Bauxite finalized a port deal with Port of Mourilyan
Queensland Bauxite has finalized a deal with Far North Queensland Ports Corporation Limited to make Port of Mourilyan their port partner, allowing the company to allocate 800,000 tonnes of bauxite per year, according to the contract agreement. Located 16-25 kms away from the South Johnstone mining...
Indian Mines Ministry extends leases of govt firms
Ahead of auction of non-coal minerals, the Mines Ministry has extended the leases of government companies which had applied for renewal in time. An order of the ministry has said that in exercise of the power to remove difficulties in the MMDR Amendment Ordinance, “the tenure of the mining leases...
Fire threatens BHP's Worsley Alumina mining site
A bushfire is hampering mining operations for BHP Billiton and Newmont Mining at two sites south of Perth. The mining giants are closely monitoring an out of control bushfire which has burned more than 30,000 hectares in the south west of Western Australia. A house has been destroyed and about 50...
New bauxite mine in Bua expected to yield $16 million
The newly discovered 400,000 tons bauxite resource in Bua is expected to yield $16 million in revenue, according to the Mine Manager of XINFA Aurum Explorations Fiji Limited, Basilio Vanuaca. The mining site located at Votua, Letuku in Bua, has started work this month, employing 200 seasonal...
Illegal mining on Solomons' Rennell Island
The Solomon Islands Government has ordered a stop to mining on Rennell Island, after a company disregarded the cancellation of its licence. PT Mega Bintang Borneo Ltd was told to halt mining and remove all its equipment on December the 23rd, but according to the Solomon Star, is still operating....
Secret ruggedness test for the aluminium F-150s proves beneficial
The secret ruggedness test for the aluminium F-150s at the Barrick Gold’s Bald Mountain and Cortez mines, Nevada, turned out beneficial for Ford with 35 new truck orders coming their way. The test started in 2011 and mine workers did not find anything different about the exterior of the car despite...
Queensland Bauxite reports strong cash balance to support project development
Queensland Bauxite has reported $4.34 million in cash reserves as it embarks on the next stage of positioning its South Johnstone bauxite project for development. During the September quarter, QBL defined at initial JORC Indicated Mineral Resource and a Scoping Study that detailed financial...
Aluminium players expected to bid aggressively for coal blocks
Facing shortage of fuel and raw material, domestic primary aluminium players are likely to bid for captive coal blocks aggressively in the upcoming auctions, credit rating agency ICRA said today. Their "operational challenges" stem from the deallocation of coal blocks allotted to them earlier and...
Rennell people benefit from mining spin-offs
Village farmers, fishermen and village shop owners of West Rennell and surrounding communities are experiencing the influx of cash-flow and increase of revenue in their shops and communities as a direct result of the current bauxite mining operation in the area. A landowner Malcolm Sau who has just...
Refinery workers leaving Nhulunbuy as free rent transition period comes to an end
The last of the former bauxite refinery workers on the Northern Territory's Gove Peninsula are leaving the remote town of Nhulunbuy this week. Mining giant Rio Tinto, which owns the now disused refinery, has confirmed a rent-free transition period for employees who lost their jobs at the refinery...
Orissa's bid to reopen mines faces legal challenge
The Indian provincial government of Orissa’s bid to renew mining leases through the auction route has hit a roadblock with courts preventing the government from taking any final decision before the legal challenge is heard. After a preliminary hearing, the Orissa High Court passed an interim order...
