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
Bauxite mining comes to halt at Hindalco mine
Bauxite mining by Aditya Birla owned Hindalco Industries has came to a grinding halt in the Mali Parbat area near Semiliguda in south Odisha's Koraput district with the district administration imposing prohibitory orders under Section 144 of CrPC. The prohibitory orders have been clamped in the...
Glencore may get rights to mine the coveted Cape York bauxite reserves
Glencore may be the ultimate candidate to finally tap the vast bauxite reserves that has been remained unexplored for decades, which has been the point of interest for many mining companies around the world. Glencore is supposed to hold talks soon with the government of the Australian state of...
Odisha the highest gainer in the royalty hikes on mineral ores
Post the Government’s announcement regarding the royalty hike on 23 minerals last week, it seems five states in particular will be benefitting the most namely – Odisha, Karnataka, Jharkhand, Goa and Chhattisgarh. Royalty rates on metallurgical-grade bauxite and laterite has been revised to 0.6...
Atlantis Ltd pulled out its bauxite mining project from Central Highlands due to lengthy approval time
Atlantic Ltd., an Australian mining company, finally exited the Vietnamese market after discovering there highly complicated and time consuming approval process having waited two years researching and awaiting the green signal from the government. They had planned to develop an aluminium supply...
Tribals protest against the Government’s proposal of bauxite mining in Vishakhapatnam
The tribal areas around Eastern Ghats of Vishakhapatnam are expressing collective resistance to the proposal of bauxite mining in the area. The Social Welfare and Tribal Welfare Minister R Kishore Babu however say that no decision has been taken on the issue and the recent statement made by the...
Unions Seek assurances on BHP demerger plans
Unions have called on mining giant BHP Billiton to guarantee entitlements and enterprise agreements for workers affected by its demerger. BHP plans to offload the majority of its aluminium, manganese, nickel and silver assets into a new company that is to be listed on the Australian share market by...
Cabinet hikes royalty rates on minerals in India
The government today gave nod to increasing royalty rates on minerals including iron ore and bauxite, a long-awaited move that will significantly swell the annual revenue of states. "Cabinet in-principle approved revision of mineral royalty. There are 55 such items but this excludes coal, lignite...
BHP announces their new $14bn metals and mining company
In a bid to increase productivity and performance, BHP Billiton is allocating some of its assets to a new $14bn (£8.4bn) company. The Chief Finance Officer of BHP, Graham Kerr, will be heading the new spinoff company that is tentatively being called the NewCo, for now. This new company will be...
Queensland Bauxite moving forward at South Johnstone
Queensland Bauxite could have a Scoping Study completed for the South Johnstone Bauxite project in north Queensland within 6 - 8 weeks. The study would likely provide baseline capital costs of mining the bauxite as well as the operating costs. The project has an initial inferred resource of 30...
BHP Billiton set to demerge aluminium, bauxite and nickel assets
Investors have welcomed news that mining giant BHP Billiton appears set to establish a separate $20bn company comprising its aluminium, bauxite and nickel assets. The global mining giant issued a statement on Friday saying a demerger of assets is its preferred option after announcing in April that...
Minerals output jumps, revenue falls
Minerals output rose in the first half of 2014 but revenues declined due to lower prices, Chamber of Mines data have shown. Ghana’s export revenues from gold, bauxite, diamond and manganese in the period was US$2.143 billion, down from US$2.477 billion in the first half of 2013. Bauxite revenue...
Opposition to bauxite mining in Jamaica
As the opposition against bauxite mining is taking quick pace around the world, people in Jamaica are also being vocal against bauxite mining. Residents of the Cockpit Country in Jamaica have expressed opposition to any plans for bauxite mining in the area, according to reports from the Jamaica...
Indonesia ban on nickel ore, bauxite exports to stay - officials
Indonesia has no plans to wind back a seven-month old ban on exports of unprocessed nickel ore and bauxite that has led to billions of dollars in planned investments in smelters, top government officials said. Indonesia - previously the world's top exporter of nickel ore and a major bauxite...
CM's Bauxite Mining plan opens Pandora's Box
With chief minister N Chandrababu Naidu making it clear that the state government is keen on permitting bauxite mining in the Visakhapatnam agency area, the opposition for the same is regaining momentum. While the AP government has already launched an exercise to review the stand on the issue,...
Andhra Pradesh Govt to take a re look at bauxite mining issue
The Andhra Pradesh Government has launched an exercise to review a stand on the contentious bauxite mining issue. The MoU signed by the AP Mineral Development Corporation during 2005-07 have been put under abeyance by the UPA-II Government in August 2010 following strong objections raised by then...
Nalco's Panchpatmalli mines awarded
The Panchpatmalli bauxite mines of National Aluminium Company (Nalco) has bagged the Sita Ram Rungta Social Awareness Award for 2013-14 instituted by the Federation of Indian Mineral Industries (FIMI). Ansuman Das, chairman-cum-managing director (CMD) of Nalco received the trophy from Narendra...
Indigenous mining company gets go-ahead for bauxite exploration in northeastern Arnhem Land
An indigenous-owned mining company has been given the go-ahead to begin bauxite exploration in northeastern Arnhem Land. The Gulkula Mining Company, a subsidiary of the Gumatj Aboriginal Corporation, received the nod from the Northern Land Council on Saturday to begin exploring at the Dhupuma...
Nalco a step closer to start its coal mine project-Business
The Odisha government on Wednesday signed a memorandum of understanding (MoU) with the Airports Authority of India (AAI) for developing an airport at Jharsuguda in western Odisha at a cost of Rs 210 crore. Currently, AAI operates an airstrip at Jharsuguda, used by a few chartered aircraft. Odisha...
