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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Bauxite Resources Limited quarterly activities and cash flow report
Bauxite Resources Limited has broadened its focus from pure exploration to include expansion exploration and mining development appraisal of bauxite within its extensive tenement holding in Western Australia's Darling Range, the largest bauxite and alumina-producing region in the world. Currently...
Alumina Rondon secures preliminary environmental license
The State Environmental Council (COEMA), an agency linked to the State of Pará Department of the Environment (SEMA), northern Brazil, approved, on Wednesday, April 23, the granting of the Preliminary License (PL) to the Alumina Rondon project, a Votorantim Metais development to be built in the city...
NGO cautions illegal miners against bauxite mining from Aitwa forest
A-ROCHA Ghana, a non- governmental organisation (NGO) that is into forest research, has called on the government to stop illegal miners from extracting bauxite from the Atiwa Forest. According to the NGO, the Atiwa forest is noted as a water tower, animal and vegetation forest reserve in the...
China’s Huanghua port imports bauxite from Guinea for first time
The Port of Huanghua in Hebei province imported 64,000 tonnes of bauxite, valued at $5.69 million, from Guinea for the first time, reported on April 24 by China’s General Administration of Quality Supervision, Inspection and Quarantine. Guinea, in western Africa, is rich in mineral resources, with...
Export benefits foreign reserves
XINFA Aurum Exploration Fiji Limited dispatched about a dozen bauxite shipments to its overseas markets last year. In a statement yesterday, Xinfa executive Derek Qiu said this had greatly benefited government's foreign reserves. Mr Qiu said the shipments also increased Fiji's export earnings from...
Petition to allow Cape York mining rejected by State Government
The government has rejected a petition calling for the Steve Irwin Wildlife Reserve mining ban to be reversed. The government declared the reserve on Cape York a strategic environmental area in November. A new planning instrument, it restricts land use to those considered appropriate. In the case...
Energy Minister shows concern over UC Rusal's overseas expansion
Energy Minister Phillip Paulwell has expressed concern about Russian aluminum company UC Rusal's move to expand its businesses elsewhere while its interest in Jamaica continues to lag behind. Energy Minister Phillip Paulwell yesterday told a parliamentary committee that he was taken aback by news...
BHP Billiton considers setting up of separate company for Bauxite, Aluminium & Nickel assets
Mining giant BHP Billiton is reportedly planning to set up a separate company for its aluminium, bauxite and nickel assets for the firm to focus on its core businesses. Estimates of the new company's value range from $11 billion to $20 billion. In response to the speculation, BHP said in a...
Nalco Mines receives environmental award
Panchapatmali Bauxite Mines of Navratna PSU National Aluminium Company Limited (NALCO), located in Koraput district of Odisha, has bagged awards at concluding ceremony of 16th Mines Environment & Mineral Conservation Week (MEMC) – 2013-14, held at Bhubaneswar, yesterday. Panchapatmali Bauxite Mines...
Antam seeks $250m to fund ferronickel plant expansion
State-owned miner PT Aneka Tambang (Antam) is mulling over plans to obtain up to US$250 million in fresh funds this year to finance its Pomalaa ferronickel plant expansion in Southeast Sulawesi, which is expected to boost the company’s nickel output by nearly 40 percent. The $573 million expansion...
Kazakhstan’s aluminum reserves estimated at 809 million tons
On March 18, Bazarbay Nurabayev, the chairman of the Geology and Subsoil Use Committee of Kazakh Ministry of Industry and New Technologies said the estimated resource of Kazakhstan is 809 mn tons. "The forecasted aluminum (bauxite) resources are estimated at 809 million tons," Nurabayev said while...
NALCO inks pact with ministry for higher production, sales
National Aluminium Company Limited (NALCO) has signed an MoU with Union Ministry of Mines regarding financial and non-financial targets for 2014-15. The MoU was signed between Anup K Pujari, Secretary, Ministry of Mines and Ansuman Das, CMD, NALCO, in New Delhi, yesterday, a company release said...
Kazakhstan‘s forecast reserves of bauxites estimated at 800 mln tons
The Committee of Geology and Subsurface Resources Management under Ministry of Industry & New Technologies estimates that forecast reserves of bauxites are 809 million tons. "The forecast reserves of bauxites in Kazakhstan are estimated at 809 million tons. The reserves are mainly concentrated in...
Xinfa Aurum Exploration Fiji awaits bauxite mining license
Xinfa Aurum Exploration Fiji, the bauxite mining company, plans to start working on a site in Bua once the government issues them a mining license. Basilio Vanuaca , the mine manager said Mataqali Naita located in Votua village in Lekutu, Bua, have agreed to provide them land for mining around 500...
Rio moves to offer another $50 million to support community
RIO Tinto will provide an extra $50 million over the next five years to help attract new economic activity and support the community transition in Nhulunbuy and the East Arnhem region. The announcement follows the company’s decision in November last year to suspend alumina production at its Gove...
Guyana bauxite project by First Bauxite Corporation faces financial hurdles
A US$120 million investment project by Toronto-based First Bauxite Corporation (FBC) for bauxite mining at Bonasika in Guyana seems to have struggled over finance issues and the project had not taken off yet as it was scheduled. First Bauxite Corporation (FBC), which was exploring bauxite deposits...
Queensland Government rejects bauxite-mining project at Aurukun
The Queensland Government has deferred the multi-billion dollar plans of developing Cape York’s Aurukun Bauxite resource. According to the government, the benefits given to the local communities were not sufficient. It also said the project delivery time was very long. It is expected that bauxite...
Clinton Thomson foresees a brighter future for Bauxite in Jamaica
Clinton Thompson, the Commissioner of the Mines & Geology Division, is confident that the bauxite industry has a brighter future ahead. "Closure does not mean death and if you listen to the Bank of Jamaica reports, even with the downturn, it (mining and energy) is still one of the star performers...
