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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New Government in India to focus on Mining, Mineral Resources: Barclays
According to a report issued by global banking and financial services company Barclays, the top priorities of Prime Minister Narendra Modi's government is clarity on mining regulations and auction of mineral resources. "It is time that India put its mining sector house in order. The sector's GDP...
Queensland Bauxite receives more off take approaches
Queensland Bauxite is moving ahead on a number of fronts at the South Johnstone Bauxite Project in north Queensland, with plans to upgrade the existing JORC initial Inferred Resource as well as receiving more enquiries for off take. Shares in the company are likely to firm on the news. The...
Vedanta seeks alternative mine for Lanjigarh refinery
After failing to get local gram panchayats’ nod for mining bauxite in Niyamgiri hills, Vedanta Resources is now engaging with the Odisha government for allotment of mines elsewhere besides considering procuring bauxite from alternative sources. The Niyamgiri hill area is one of the sources in...
Large volume of commercially viable bauxite deposits found in west Rennell island
More than 26 million tonnes of commercially viable bauxite deposits were found in west Rennell island in the in the Solomon Islands. Asia Pacific Investment and Development Limited (APID) revealed this in an environmental report produced after it carried out prospecting on the site. APID is a joint...
Indonesian miners delay plans of alumina refinery on legal uncertainty
The plans of building alumina refineries by bauxite producers in Indonesia are getting delayed due to legal uncertainty over export ban that was imposed nearly five months ago, said government & industry officials. The Constitutional Court of Indonesia has to still decide on a legal challenge...
Kerala govt says no to bauxite mining in the state
Kerala government has made it clear they haven’t changed their decision of not allowing mining of bauxite at Kadaladipara in Kasargod district. Replying to a submission in this regard in the Assembly, Industries Minister P K Kunhalikutty said necessary order in this regard would be issued. After...
Bauxite Resources launches scoping study at Fortuna
ASX-listed junior Bauxite Resources has launched a scoping study on its Fortuna direct shipping ore (DSO) bauxite project, in Western Australia. The scoping study would investigate a mine-to-port development to support a three-million-tonne-a-year operation at Fortuna, and would likely be completed...
AWAC to pursue sale of its stake in Jamalco
Alcoa World Alumina & Chemicals Signs Letter of Intent to Pursue Sale of its Stake in Jamalco Alcoa confirms that it has signed a non-binding Letter of Intent with Noble Resources UK Limited to pursue a sale of its ownership stake in Alcoa Minerals of Jamaica, L.L.C (AMJ), which operates the...
Queensland Bauxite requests a trading halt for results of material exploration
The Australian Stock Exchange has placed the shares of Queensland Bauxite in a trading halt on the company’s request in relation to the material results on the company’s bauxite project located in north Queensland. The trading halt will last till 13 June, 2014 until any announcement is made or...
Alcoa evaluating its Suriname bauxite operations
ALUMINIUM producer Alcoa says it is reviewing options for its Suriname bauxite subsidiary two days after the country's leader said the multinational was preparing to slash local operations. In a Thursday email, company spokeswoman Monica Orbe said Alcoa is working with the South American nation "to...
Alcoa to go for production cut, layoffs in the bauxite sector of Suriname
Desi Bouterse, the President of Suriname says Aluminum Company of America, (ALCOA) has plans of cutting down their production at Suralco that would result in lay off 1,000 workers which includes 800 contractors. Bouterse told Parliament that the issue is of "a national matter of concern for which a...
CAP lifted: Government no longer financing loss-leading entity
The Clarendon Alumina Production Limited (CAP) which has been a drain on the public purse for years, has been transformed into a self-financing entity which no longer has recourse to State funds. Contributing to the Sectoral Debate in the House of Representatives last Wednesday, mining minister...
Bua Council to discuss Provincial projects
Development issues such as bauxite mining, the pine chips and the Dreketi/Nabouwalu Highway projects are expected to draw interest in the Bua Provincial Council meeting today. Assistant Roko Tui Bua, Jone Driu Drugunalevu said these major developments have increased employment opportunities in the...
Indigenous company gains ground in Arnhem Land mining bid
An Indigenous-owned company has come one step closer to developing a bauxite mining operation in eastern Arnhem Land. The Northern Land Council approved an exploration application from the Gulkula Mining Company, a subsidiary of the Gumatj Corporation, at its bi-annual meeting in Katherine this...
Odisha hopes to settle tax row with Nalco, SAIL soon
The Odisha government and two Central PSUs — National Aluminium Company (Nalco) and Steel Authority of India Ltd (SAIL) today agreed to resolve the dispute over tax arrears thorough mutual discussions in two months. The two Central PSUs had gone to court, challenging the power dues slapped on them...
Guinea mining license reviews deterring investors - minister
A review of mining licenses in Guinea, the world’s biggest bauxite exporter and home to the largest untapped iron ore deposit, is deterring investors in the West African country, according to its Mines Minister. “We are really eager to see this process completed very soon, because as long as it is...
Nalco awaits nod for Potangi Mines
The National Aluminium Company (Nalco), which plans to add fifth stream to its alumina refinery at Damanjodi in Koraput district, is awaiting Government approval for Potangi bauxite mines. “If we get Potangi deposits, we will be able to expand our refinery capacity by one million tonne at Damanjodi...
Government and UC Rusal to conclude discussions on Bauxite Plants
Representatives of the world’s largest aluminum company UC Rusal, will be visiting Jamaica later this month to conclude discussions on the future of their operations at the Alpart and Kirkvine bauxite plants. Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell made the...
