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
Queensland Government says no to reverse bauxite mining ban in Steve Irwin Wildlife Reserve
The Queensland Government says it is not in favour of overturning a bauxite mining ban in the Steve Irwin Wildlife Reserve on Cape York. Yesterday, miner Cape Alumina expressed its intention of reopening negotiations with the Queensland Government to restart its $1.2 billion Pisolite Hills bauxite...
Tom Albanese appointed as Vedanta CEO
Indian diversified miner Vedanta Resources has appointed former Rio Tinto ceo Tom Albanese as its new chief executive Albanese left Rio at the beginning of 2013 after a tough year for the company in 2012, in which it reported $14 billion of writedowns. He will take over as ceo of Vedanta and join...
Rio Tinto suspends work at Australia bauxite mine after accident
Rio Tinto said it has suspended bauxite mining at its Gove operations in Australia on Tuesday following the death of a worker. The employee was fatally injured while performing maintenance work, Rio Tinto said in a statement e-mailed to Reuters. "We will be pausing all operations at the mine," the...
Russian firms to invest up to $6 bn in Indonesian mining
Russian firms plan to invest up to six billion dollars in Indonesia's mining sector this year, Jakarta said Tuesday, despite its recent mineral export ban that has worried foreign investors. Projects include a refinery on Borneo to process bauxite, an aluminium ore, and a railway on the island to...
Bauxite area identified in province of Macuata
Another bauxite area has been identified in the province of Macuata and talks have started with landowners. If successful, Aurum Exploration (Fiji) Ltd plans to begin work at the new site this year. Company director Sang Lei said it would cost them about $20million ($US10m) to build the site at...
Bauxite shipment of AURUM Exploration Fiji Ltd in April
AURUM Exploration Fiji Ltd will send its 1st bauxite shipment in April for this year. The delayed shipment has resulted from continuous wet weather conditions that has been recently experienced in the North and affected work at the mine. Sang Lei, the Company director, said mining have started off...
Suriname earthmoving company eying investment in bauxite sectors
A meeting took place between Earthmoving Company LUNA N.V. executives of Suriname and the Natural Resources and the Environment Minister Robert Persaud to discuss about the business potentials within the gold mining and bauxite sectors. A press-release from the Ministry of Natural Resources said...
Federal Court dismisses legal challenge to Rio Tinto mining lease
The Federal Court has rejected a legal challenge to a mining lease agreement between Northern Territory based Aboriginal traditional land owners and the mining giant Rio Tinto. In 2011, a 42-year lease agreement was approved by the Federal Government over land used for East Arnhem Land based Gove...
Rio starts the process of refinery shutdown
Rio Tinto, the mining giant, will shut down its alumina refinery on Gove peninsula in Arnhem Land. This is a part of their five-month operation that will finally result in closure of the plant by August. Last week the plant had distributed almost 90 redundancy notices. It has been scheduled that...
Bauxite mining suspended due to rains
BAUXITE mining has been suspended until weather conditions improve. Aurum Exploration Fiji Ltd director Derek Qiu confirmed work had stopped in November after the last shipment left for China. The company sent 12 shipments last year. "Mining work has stopped but we are still keeping the workers to...
Vedanta urges Odisha government to provide lease of laterite mines soon
Continuing its frenzied efforts to secure alternate bauxite supplies, Vedanta Aluminium Ltd (VAL) has urged the Odisha government to fast track its applications for three small laterite deposits in Koraput district for mining lease by the end of this month. VAL’s urgency to secure alternate raw...
Bauxite miners stop operations due to ban on raw mineral exports
Less than two weeks after the government issued a ban on raw mineral exports, five bauxite mining companies operating in Tanjungpinang municipality, Riau Islands province, have ceased operations, a local official has said. Tajungpinang Marine, Fishery, Forestry and Energy Agency head Sumardi said...
Vedanta targets 80-90% capacity utilisation on better bauxite supply
Vedanta is aiming at achieving of 80-90 per cent capacity utilisation this month, boosted by availability of bauxite from several sources, even as its plans for captive mining in Odisha remains thwarted by the ministry of environment & forests (MoEF) refusal to provide stage II forest clearance to...
Indonesia’s new mining law in effect, 3 new smelters about to start their production process
Indonesia Investment Coordinating Board BKPM announced three processing and mineral concentrate refineries (smelters) are in the construction phase and they expect them to be ready for production in Indonesia in 2014. Two of the smelters will process as well as purify iron ore, bauxite will be...
Chinese bauxite ore reserve is low, accounts for less than 10% of global total
Over the past five years, revenue for the Aluminum Ore Mining industry in China has been increasing at an annualized rate of 14.9% to $3.7 billion. Aluminum prices dropped sharply in the second half of 2008 and remained at relatively low levels during 2009 due to weak demand stemming from the...
AusGroup unit signs a 2 year contract with BHP Billiton's refinery in Australia
AusGroup's subsidiary MAS Australasia, which provides scaffolding and associated services for construction and maintenance projects in the mining, oil & gas, infrastructure and commercial sectors, has been awarded a contract to service mining giant BHP Billiton. It clinched a two year deal, with an...
BHP Billiton plans to close down their aluminium smelter in South Africa
On Friday, BHP Billiton, the Global mining group said it had already been in talks with its employees about possibly closing their operation at the Bayside aluminium smelter located in South Africa. This company move would result in downsizing of 450 employees. The company said the operation "has...
Tribal people seek complete closure of Lanjigarh alumina refinery
The Niyamgiri Surakshya Manch (NSS) has demanded that the Lanjigarh alumina refinery of the Vedanta Alumina Limited (VAL) in Kalahandi district be completely closed. The demand was made at a public meeting organised in Munikhol of Muniguda block in Rayagada district on Thursday to mark the success...
