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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Aziana Limited opens data room for Manantenina Bauxite Project
Aziana Limited has opened an online data room to a third party that could join as a partner to develop its Manantenina Bauxite Project in Madagascar. While under the radar to some investors, it shouldn't be as Manantenina offers a number of bauxite riches that a JV partner would salivate over....
Qld Govt still in talks with miners interested in Aurukun bauxite lease
Deputy Premier Jeff Seeney says a lease for the Aurukun bauxite resource on Cape York will only be granted to mining companies that can begin operating immediately. The Queensland Government called for expressions of interest to develop the resource in November 2012 and short-listed two proponents...
Odisha government to soon grant laterite deposits to Vedanta's alumina project
In what should serve as a relief for Anil Agarwal's alumina project, the Odisha government will soon grant three laterite deposits that can partially feed the company's controversial refinery in Kalahandi. Raw material uncertainty has plagued Vedanta Aluminium, now merged with Sesa Sterlite, ever...
Project Monitoring Group to take up the issue of bauxite mining revival in AP
The Centre’s Project Monitoring Group (PMG) will soon take up the issue of stalled process of bauxite mining in Andhra Pradesh, state government officials said here today. The clearances sought for mining of bauxite ore by the state-owned AP Mining Development Corporation (APMDC) was kept in...
Odisha sitting over 300 PL bids for bauxite mining
The state government is yet to dispose off over 300 pending PL (prospecting licence) applications for bauxite deposits in Kalahandi district and undivided Koraput region. Larsen & Toubro (L&T), Vedanta Aluminium Ltd (now Sesa Sterlite), Jindal Steel & Power Ltd (JSPL), Jindal Photo Ltd, Hindalco...
Vedanta Resources Plc eyes new bauxite deposits in Odisha
Vedanta Resources Plc, a London-listed mining giant, would explore new deposits of iron-bauxite in Odisha to feed its Lanjigarh refinery. The move is seen as initiative by the company to acquire the raw material required for aluminium producing after the Niyamgiri fallout where Vedanta Resources...
Vedanta increases its shareholding in Sesa Sterlite to 57% in quarter to June
London-based holding company Vedanta Resources increased its shareholding in metals and mining firm Sesa Sterlite by two percentage points to 57% in the quarter to June as it bought nearly 6.5 crore shares for about INR 1,700 crore. Analysts said the timing of the transactions, soon after the...
Anti-mining activists fear bauxite mining may resume in the West Coast
Attention maybe turned to exploration of bauxite ore after opening floodgates to greater private participation in coal mining by the National Democratic Alliance Government. The mining lobby, which was lying low for quite sometime after the UPA-II put in abeyance all clearances accorded to bauxite...
Bauxite tax might force Indian aluminum players to sell domestically
Local aluminum players claim to always have shortages of the mineral but the major bauxite players are keen to export it because of the lucrative international prices. Now, with a 20 percent tax, it will become more expensive to export bauxite, thus adding capacity to domestic aluminum production....
“Slow growth in Mining Sector retarding industrial growth in India,” Anshuman Das, CMD, Nalco
“The significance of mining sector is determined not by the amount of mineral resources it generates in a country but by the amount of catalytic input it gives towards driving the economy of the country,” said Anshuman Das, chairman-cum-managing director of Nalco during the 18Th International...
Aziana shares lift on bauxite and graphite
Aziana shares have jumped up to 65% today to an intraday high of $0.033, from a $0.02 close yesterday. Shares last traded at $0.03. After today's rise the company is capitalised at around $6 million and holds almost $3 million in cash following the sale of non-core graphite and gold leases in...
India’s move to hike bauxite export tax to 20% likely to heat up prices for Chinese buyers
India’s move to double the export tax on aluminum-rich bauxite to 20% is likely to heat up prices for Chinese buyers, who have been scouring for the mineral ever since Indonesia imposed a ban on shipments earlier this year. India’s rich mining resources have been drawing interest from overseas with...
Government gives six-month notice to UC Rusal to resume mining
Government has issued a formal notice, to Russian aluminium company UC Rusal, of its intention to revoke the special mining rights for its Alpart and Kirkvine refineries, if "bona fide" mining operations do not resume within six months. This was disclosed by Minister of Science, Technology, Energy...
Sale of Jamalco part of global cuts being made by Alcoa
The plan by US-based Alcoa to divest its Jamaica operations forms part of its global transformation that will also see it slash production in Brazil and Australia, management indicated. It aims to contain costs which at times exceed revenues at the global company. "To further optimise the Alumina...
Metallica identifies 15 bauxite targets in Cape York
ASX-listed Metallica Minerals has announced its intention to expand its focus from mineral sands to include bauxite, identifying 15 priority targets over its Cape York tenement package, in Queensland. An evaluation and drill campaign has been scheduled for September, and Metallica told shareholders...
UC Rusal starts the realization of Dian-Dian project of state importance in Guinea
UC RUSAL, a leading, global aluminium producer, announces the beginning of Dian-Dian project in the Republic of Guinea. The first stage of the Dian-Dian project involves the construction and putting into operation by 2016 of a bauxite mine with an annual capacity of 3 mln tonnes with the potential...
The 18th International Conference on Non-Ferrous Minerals and Metals’14 concludes in Nagpur
The 18th International Conference On Non-Ferrous Minerals and Metals’14, organized by Corporate Monitor and JNARDD and supported by Ministry of mines, Govt. of India & IBAAS in association with VNIT and AlCircle.com took place in Radisson Blu Hotel, Nagpur on 11th and 12th july’14. The two day...
Pará investment boom: Alumina, iron projects big winners
The major projects benefiting from mining sector investment in Brazil's Pará state are Vale's Carajás Serra Sul S11D and Votorantim Metais'(VM) Alumina Rondon. That's according to Pará state's minerals industry association, Simineral. The association's president, José Fernando Gomes Júnior, told...
