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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India not using domestic bauxite reserves adequately experts say
Tom Albanese from Vedanta Resources gave his key-note address at IBAAS, the International Bauxite, Alumina and Aluminium Society, speaking about how India is lagging behind in the exploitation of bauxite reserves available in the country. There is plenty of good quality bauxite ore in the Andhra...
Guyana: Linden bauxite workers on strike for more pay
Workers at the Chinese-owned BOSAI Minerals Limited bauxite plant at Linden on Tuesday continued to down tools and stayed off the job to press demands for higher salaries, according to well-placed sources. Preliminary information reaching Caribbean News Desk is that the company is offering a six...
Hindalco waits for the government to reallocate mines
Hindalco Industries has shown promise in the second quarter of this financial year with a hike in the revenues by 36% when compared to last year and 7% when compared to the last quarter. The overall report seemed fine with 66% growth YOY and 20% up from the previous quarter however the net profit...
MetroCoal names new CEO post Cape Alumina acquisition
ASX-listed MetroCoal on Monday announced the appointment of Simon Finnis as the new CEO, effective from January 12. Finnis would replace CEO Mike O’Brien, who will continue on as project director. Finnis is currently the CEO of Grand Côte Operations SA, in Senegal, and has been involved in the...
Malaysian bauxite turning into a “game changer” for China
The Indonesian ban and China’s ramped up production has put the Malaysian bauxite industry in the limelight and is being termed as “game changer” in the aluminium industry in general but more specifically in China. It is expected that China would need around 130 million tonnes of bauxite next year...
Indian government to introduce transferability of mines in the MMDR reform
The Central Government aims to improve the Mines and Mineral Development and Regulation (MMDR) Act and is introducing many amendments for that purpose. The most recent plan is to allow transferability of mines by which companies will be able to sell their mines to other companies for all minerals...
“We look at outputs that are considered waste by an industry and take a holistic approach which takes into consideration all the elements in the waste… Mr. Michael Shenton, CEO, Prima Resources, WA
AlCircle is a platform that strives to promote the advancement of use of aluminium as a sustainable material of choice. In that direction, we would like to highlight not only the established players of the industry who are contributing successfully towards the growth of the industry but also those...
Govt releases draft of Mines and Minerals (Development and Regulation) (Amendment) Bill
The Mines Ministry, in the Bill to amend the Mines and Minerals (Development and Regulation) Act, has proposed competitive bidding mechanism for allocation of mines for all minerals . According to the draft of the Mines and Minerals (Development and Regulation) (Amendment) Bill, 2014, for bulk...
Alufer Mining completes feasibility study for Bel Air bauxite
Alufer Mining Limited has completed the initial Bankable Feasibility Study for the proposed Bel Air Project in Guinea with an estimated capacity of 10.3Mtpa. This is the first towards Alufer’s plan to develop 30Mtpa to cater to China’s growing bauxite needs. After just two years from the first...
China deal to boost WA miners and farmers
WA miners and farmers stand to be the biggest winners from the nation's biggest-ever trade deal that is set to be signed today between Australia and China. Prime Minister Tony Abbott and Chinese President Xi Jinping will formally sign a free trade agreement that will slash almost every single...
Jamaica’s mining minister gives Rusal ultimatum to restart plant
The Mining Minister of Jamaica, Phillip Paulwell has given Rusal UC an ultimatum to restart the mothballed Alpart bauxite/alumina plant in Nain, St Elizabeth by December 31 or else there would be consequences. Last Wednesday, Paulwell addressing the audience at the Young Entrepreneurs meet telling...
A third company contests for Rennel bauxite deposits among disputes
The bauxite deposits at Rennell Island is attracting a lot of attention and the newly established mining company, which is a joint venture of Mugava and Solomon Mining Limited, is the third company to show interest in this project. Asia Pacific Investment Development (APID) and Bintang Borneo...
New bauxite reserves projected at 400 Mln tonnes in China Guizhou in 2014
New bauxite reserves in Guizhou Province – one of China’s bauxite-rich regions – are likely to hit 400 million tonnes in 2014, cnmn.com reported on November 9. Besides, new coal resources in the province are estimated at 150 million tonnes this year. To capitalize on abundant resources, the local...
Land lease approved for new bauxite minning site in Bua
Another 20 year land lease has been approved to XINFA Aurum Explorations Fiji Limited for a new bauxite mining site at Votua, Lekutu in Bua. Mine Manager Basilio Vanuaca said 400,000 tonnes of bauxite is expected to be extracted from that piece of land which is 500 metres away from the current site...
A Harita Group company violates mining permits in Indonesia
A local NGO reported that a Harita group mining company in West Kalimantan, Indonesia has been mining outside its allotted land. Forest Monitoring Volunteers of Borneo (RPHK) found in the their investigation that the P.T Karya Utama Tambang Jaya is using 78 hectares of land for their operations...
Govt working on auctions for iron ore and bauxite mines
The government is learnt to have finalised a blueprint to auction 31 mining leases for iron ore and bauxite mines by April 2015. It has also asked the states to give a list of fully prospected areas for auctioning them out in the subsequent phases. The first set of mining leases (MLs) will be...
Odisha government to provide raw materials for Vedanta within 3-4 months
The founder and executive chairman of the London-listed Vedanta Resources, Anil Agarwal, announced on Tuesday that the Odisha government has assured him that they will provide the necessary raw materials to feed Vedanta’s one-million tonne Lanjigarh refinery within three to four months. The...
ASX200 marks seventh straight gain, which bauxite stock kicked 14.3%?
Australian stocks have risen for a seventh straight session with miners and bankers pulling the ASX200 up 60.9 points, or 1.1%, to 5,385.9. Wall Street had rallied last night on upbeat earnings reports, sending the Dow Jones Industrial Average up 215 points to settle at 16,615, while the Nasdaq...
