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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Alcoa of Australia refuses to be tempted by bauxite boom
Rising demand for Australian bauxite has not tempted Alcoa of Australia to join the export rush, with the aluminium giant saying it would prefer to create local jobs by turning Australian bauxite into finished products. Bauxite prices rose strongly in 2014 and are expected to rise again in coming...
Bauxite resources limited positive export DSO bauxite scoping study results received for 100% BRL Fortuna Project
Highlights • Existing Mineral Resource and rail logistic chain can support a Direct Shipping Ore (DSO) production target rate of 3Mtpa for a 12 year mine life • FOB operating cash costs estimated at A$30 (US$26) per tonne excluding royalties and landowner compensation* • A$26M capital expenditure...
Government of India to decide the parameters for mining auctions
The new mining Ordinance established by the Union government allows them to set any parameters for bidding of mineral concessions which could be a share in production, payment linked to royalty or any other parameter the Centre sees fit. According to the new Ordinance, the only way for the state to...
Government officials are hopeful Alpart refinery will bring development in Jamaica
While everybody is happy about the reopening of the Alpart refinery in 2016, parliamentarians Michael Peart and Richard Parchment say that this should not be seen as just an employment opportunity but a vehicle for overall development, especially in the most affected regions of South Manchester and...
The President of India passes the Ordinance allowing auction of mineral mines
The President of India, Pranab Mukherjee, has passed the Mines and Minerals (Development and Regulation) Amendment Ordinance 2015, on Monday evening which now allows the auctioning of the mineral mines, including bauxite and iron ore, similar to the recent coal mine auction that will enable a fair...
Metro Mining doubles DSO bauxite resources in Queensland
Metro Mining has more than doubled direct shipping ore Inferred Resources at its Bauxite Hills Project in Queensland to 47 million tonnes at 51.5% alumina. This follows the company estimating an Inferred Resource of 24.9Mt at 51.7% alumina for the BH1 deposit. Bauxite quality work has also...
Indonesian plans to reduce annual import of basic metal to promote domestic production
The metal industry is beginning to receive positive signals as the Federal Government intensifies plans to reduce annual import of basic metal (including aluminium), iron and steel, which is valued at $3.3 billion. The Federal Government is spearheading a move to bring in investors that will...
Yunnan Aluminium plans to buy stakes in SLACO and develop refinery
Yunnan Aluminium Co. released a statement on Friday, January 9, announcing their plan of acquiring 51% stake in Sino Lao Aluminium Corporation Limited (SLACO) paying $28.05 million, via their new subsidiary Yunnan Aluminium International Company Ltd. (YALICO). Once the deal is secured, YALICO plans...
Queensland Bauxite retains consultant for environmental and mining lease work
Queensland Bauxite has retained Northern Resource Consultants (NRC) to provide environmental consultancy services for the South Johnstone Bauxite Project in Queensland. This follows the company delivering in late December 2014 an initial Indicated JORC 2012 Resource and a revised Scoping Study....
District collector suggests queue system to truck owners for bauxite transportation
When the District Collector of South Goa, Venancio Furtado heard of the row over bauxite ore transportation from a mine in Betul on Monday, he immediately directed the two fighting parties to establish a queue system for transportation. Furtado heard the argument from both parties and assured them...
Govt approves ordinance for mines allocation
The government on Monday approved amendments to the near six-decade-old mining and minerals development and regulation (MMDR) act through the ordinance route, paving the way for auction of minerals such as iron ore, bauxite and limestone. The auction route first introduced in coal mining does away...
New bauxite lease to XINFA Aurum Exploration to benefit villagers in Bua
A new mining lease has been granted to the XINFA Aurum Exploration Fiji Limited for the bauxite mining site in Lekutu, Bua. XINFA Managing Director, Sireli Dagaga confirmed the news further saying that 20 landowners would be employed by the company from the Mataqali Naita in Votua Village and the...
Bauxite mining license for Rennell deposits granted to APID
Asia Pacific Investment Development (APID) Ltd has been granted the mining lease for the Rennell bauxite deposit, which was very much in demand, while Indonesian company Bingtang Borneo Ltd’s license was cancelled by the Solomon Islands government. The permanent secretary of the Ministry of Mines,...
Nalco shows growth in mining as per government reports
The report released by the Ministry of Mines reveals that during the 2013-14 period, Nalco has achieved highest ever production in their bauxite mines and alumina refinery since their inception. A total of 62.93 lakh metric ton of bauxite was transported while 19.25 lakh metric tons of alumina...
Reopening of Alpart refinery brings cheer to the community
The recent announcement by the Jamaican mining minister, Phillip Paulwell that the Alpart refinery will be reopened after five years of closure, has brought cheer to the community. According to the plan, the refinery is due to open on December 1, 2016 while the mining work will begin in January...
Odisha's Steel and Mines ministry draws on the issue of raw material shortage for end-use plants
With mega industries like steel and aluminium units facing acute shortage of raw materials, the Odisha government has taken steps to tackle the problem by augmenting mineral production. "We are taking necessary steps to ensure availability of adequate raw materials for the industries and meet the...
Paulwell announces Rusal can restart mining at Alpart Jamaica
The Mining and Energy Minister, Phillip Paulwell announced on Monday that the Alpart refinery at Nain, St. Elizabeth is scheduled to be re-opened on December 1, 2016 after being closed for the last five years. The Minister said that the Cabinet has approved the submission that will allow Rusal to...
Guinea Minister of Mines and Geology visits EGA subsidiary
His Excellency Kerfalla Yansane (Minister of Mines and Geology of the Republic of Guinea), accompanied by His Excellency Hassan Souare (Guinean Ambassador to the UAE), visited Emirates Aluminium Company Limited PJSC (" EMAL ", an operating subsidiary of Emirates Global Aluminium PJSC) on 13...
