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...
Grow with
AL Circle
Peter Wall replaces John Morris as chairman in Aziana Limited
Peter Wall will soon become the new chairman of Aziana Liminted replacing John Morris. The switch will come into effect on 30th September 2014. Wall is a Perth-based corporate lawyer with an experience of over 14 years with expertise in a wide array of corporate and commercial issues. His specialty...
Naidu’s tough fight to make Andhra Pradesh a key center for aluminium
Andhra Pradesh can become a key center for alumina and aluminium production if the state’s natural resources can be adequately utilized, ranking second only to Odisha. India has bauxite resources of nearly 3.48 billion tonnes of which 18 percent belongs to Andhra Pradesh. However, constant...
Bauxite Resources lifts grade, confidence level at Felicitas Project
Bauxite Resources has notched a significant increase in resource estimate quality for the Felicitas bauxite deposit in the Darling Range, Western Australia. The upgrade of the current resource estimate has resulted from the drilling of an additional 992 vacuum drill holes across the deposit, and...
XinRen Aluminum unit buys stake in Xinjiang coal mine for 88.6m yuan
ALUMINIUM producer XinRen Aluminum Holdings on Monday said its 51 per cent owned subsidiary, Xinjiang Plant, has acquired 55 per cent of Xinjiang Tianfu for 88.6 million yuan (S$18.3 million). Xinjiang Tianfu, which owns an "ultra-large, modern coal mine in the coal-rich Xinjiang Province", will...
Australian Bauxite rewarded the mining lease for Bald Hill Project
The mining lease for the Bald Hill Project near Campbell Town has been offered to Australian Bauxite and 30 new jobs are expected to be generated by the end of the year. The mineral deposits at Campbell Town and Ouse had been known to the Tasmanian mineral experts since 1942, while Australian...
TDP expresses their interest in bauxite mining in Vishakhapatnam agency regions
When the Telengana Desam Party was in opposition, they opposed bauxite mining in the agency areas of Vishakhapatnam, now the same people are showing interest in mining prospects. The Andhra Pradesh Minister of Mines and Geology, Peethala Sujatha said that if the Central grants their approval for...
Traditional owners sign agreement with ABD instead of Glencore for bauxite mining lease
The State Government in Queensland had almost finalized the bauxite mining lease for Cape York Peninsula with a major multinational company when the native title holders of the land discarded their decision to choose their own candidate. Glencore International had been deemed by the State...
To help Vedanta, Orissa nudges Centre for Karlapat bauxite mines
Orissa chief secretary on Wednesday urged the Union mines ministry to reserve Karlapat bauxite mines in Kalahandi for the state-owned Orissa Mining Corporation. This comes a week after Vedanta Resources chief Anil Agarwal met chief minister Naveen Patnaik seeking his help for bauxite mines for the...
Hindalco’s six bauxite mine will be issued renewed leases by six months
As Hindalco Industries Ltd waits for its mining lease to be renewed in Jharkhand, they say that they are not too concerned about the wait and neither should it interfere with the performance of the company. In a note to National Stock Exchange on Wednesday, Hindalco explains that their renewals...
Jharkhand govt shuts 5 Hindalco bauxite mines
The Jharkhand government has shut five bauxite mines of Hindalco Industries, flagship company of the Aditya Birla Group. This follows a report by the Shah commission on illegal mining, which had alleged such mining was causing widespread damage to the environment and losses to the exchequer....
PRIME Minister Tony Abbott visits indigenous bauxite mines at Arnhem Land
Prime Minister Tony Abbott recently visited indigenous bauxite mines operated by the Gumatj clan of Arnhem Land. Tension over bauxite mining on Gumatj and Rirratjingu country when it began in the 1960s prompted the land rights movement among the people there. It is a symbolic victory for Gumatj...
Shandong Xinfa to invest $14 billion towards Guinea bauxite project
A Guinea government official revealed that China’s Shandong Xinfa Aluminium & Electricity Group is in talks with the government to take up the bauxite project abandoned by BHP Billiton by investing $14 billion towards it. A government tender was floated regarding a bauxite concession in the region...
BHP’s retired high rank executive Alberto Calderon invests in Gulf Alumina
One of BHP Billiton’s high ranking executives, Alberto Calderon recently retired but instead of taking time off he is planning to team up with some experienced alumni from ex-rival firm Rio Tinto and begin working on a bauxite export project from the Cape York area. With aluminium demand on a high,...
The CAG warns the Telugu Desam Government before reopening the Vishakhapatnam mines
The Comptroller and Auditor General (CAG) of India has issued a warning to the Telugu Desam Government who are planning to reopen the Vishakhapatnam bauxite mining, after studying the Memorandum of Understanding with Jinal South West Holding Ltd and Ras Al Khaimah in 2005-07 signed by the previous...
Orissa government grants prospecting lease to Sesa Sterlite for two laterite deposits
Sesa Sterlite has been granted the prospecting license by the Orissa government to work on two laterite deposit that will yield the necessary raw materials for the 1 million tonne per annum alumina refinery set up in Lanjigarh by the Anil Agarwal owned company. Sesa Sterlite earlier had to import...
Bauxite Angola to invest over US$500 million when re-launching the Madina Bose mining
The chairman of Bauxite Angola said on Wednesday that they are planning to spend over US$500 million in Guinea-Bissau at the time it re-launches the Madina Boe bauxite mining which is located in the east of the country, in the Gabu region. On April 12, 2012 a coup was organized by Carlos Gomes...
Prima Resources to proceed with Bauxite Mine and Metals Facility at Manjimup WA
Prima Resources, a Bauxite Mine and Metal company based in Perth has announced that it is planning to bring a 1.0 MT/Yr Bauxite Mine & Metals Facility to the Manjimup shire in Western Australia in a move that would boost job opportunities in the region. Prima Resources provides a range of services...
More companies seek mining licences at Solomon Island
More foreign companies are seeking prospecting and full mining licences from the government, records from the Mining Department revealed. The records showed 25 companies have been issued with exploration licences and are currently on active prospecting. This number could increase after the Mines...
