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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Fiji achieves success in Bauxite mining
About $28.8million worth of bauxite has been exported to China from Bua mines at Fiji this year. This is equivalent to 12 shipments of bauxite sent from Bua in the North. Acting Commissioner Northern Alipate Bolalevu said the mining investment at Nawailevu in Bua had been a success. He said the...
Tribals step up stir at Hindalco bauxite mining site
Tribals at Koraput in Odisha have threatened to intensify their stir, if Hindalco went ahead with its plan of resuming bauxite mining at Mali Parbat. The mine used to feed the company’s aluminium plant at Renukoot in Uttar Pradesh. Spread over 270 acres, the mine stopped operation in 2010 in the...
Congress seeks probe into bauxite mining in kerala, India
KPCC president Ramesh Chennithala on Thursday demanded the cancellation of the sanction given for bauxite mining at Kadaladi Para in Kasaragod. He also demanded a probe into the circumstances under which the previous LDF government awarded the sanction in 2007. Chennithala raised the demands in...
Australian Bauxite to benefit from Indonesia's planned mineral export ban
No one is getting too excited just yet, but there is a chance that Indonesia of all places may be about to do Australia a big favour -- more particularly, our tin, nickel and bauxite producers. Like the rest of the mining sector, all three could do with a bit of early Christmas cheer. Apart from...
Chennithala to visit mining site
KPCC president Ramesh Chennithala will visit the proposed bauxite-mining site at Kinalur panchayat in Kasargod. In a statement here on Monday, he said the previous LDF government had given sanction to Maharashtra-based Ashapura group for mining bauxite. However, the State government issued a notice...
Lennon joins miner's board of Australian Bauxite Ltd
Former premier Paul Lennon has joined the board of a Sydney-based company planning to mine bauxite near Launceston. Australian Bauxite Ltd has three exploration tenements in the North and hopes to next year open a mine and export bauxite to China for smelting into alumina and then aluminium. The...
Mayor says bauxite mine closure could end a bitter dispute in Cape York
The Mayor of an Aboriginal Shire in far north Queensland's Cape York says the closure of a bauxite mine could end a bitter dispute in the town. Cape Alumina is abandoning its Pisolite Hills project on the Western Cape after the State Government banned mining in the Steve Irwin Wildlife Reserve....
Senior management changes in Rio Tinto
Rio Tinto has appointed Greg Lilleyman as the new group executive, Technology & Innovation (T&I) following the retirement of Preston Chiaro at the end of March 2014. Greg’s appointment is effective from 1 January 2014. Rio Tinto chief executive Sam Walsh said “Under Preston’s leadership, our...
Decision on Vedanta may impact Mapithel project in Manipur
The ripple effect of the Supreme Court verdict in the Vedanta mining case is being felt in faraway Manipur. The Mapithel multi-purpose project, which began in Manipur in 1980 and is yet to be completed, now faces the same test as Vedanta’s bauxite mining project in Odisha did — has it come up...
Cape Alumina officially abandons Cape York bauxite project
Cape Alumina has officially announced it has abandoned its $1.2 billion Pisolite Hills mining project in far north Queensland's Cape York region but will push ahead with its nearby Bauxite Hills project. Last month, the State Government banned mining on the Pisolite Hills site, after declaring the...
Opposition protests Vedanta L&T bauxite deal
The BJP has opposed the state government's attempt to consider bauxite supply from two mines in Rayagada's Kashipur block to refinery of Vedanta Aluminium Limited (VAL) at Kalahandi's Lanjigarh. The two mines have been allotted to Larsen and Toubro (L&T). In a memorandum, submitted to the district...
Bauxite Resources Limited handed back trial mining land to its owner
Bauxite Resources Limited is pleased to announce that the area of private farmland that was used for the trial mining in 2009/10 has now been formally handed back to the owner following successful rehabilitation of the pastoral land. Following the trial shipment in March 2010 the eight hectares of...
Cape Alumina to meet Deputy Premier Jeff Seeney over mining ban
Resource company Cape Alumina, which stopped work on a major bauxite mine on far north Queensland's Cape York, will meet Deputy Premier Jeff Seeney about the impact of new environmental restrictions proposed for the region. Cape Alumina has spent more than $20 million on its Pisolite Hills venture...
Volclay offloads stake in Ashapura Minechem to Albula investment
Volclay International has offloaded 4.94% stake in Ashapura Minechem to Albula Investment Fund through bulk deal on BSE and NSE. Volclay International Corporation holds 9.47% stake in Ashapura. It sold shares via two block deals - one block deal was of 37,50,285 equity shares at R45.75 apiece on...
Hydro initiates research collaboration on biodiversity in bauxite mining
The cooperation agreement with the University of Oslo and the three Brazilian research institutions Federal University of Pará (UFPA), Federal Rural University of the Amazon (UFRA) and Museu Paraense Emílio Goeldi (MPEG) was signed in Belém, Brazil, on Friday. The collaboration will include...
Vedanta may have to wait longer for bauxite from L&T
A senior official in the Odisha government said there is no timeline for granting mining leases to two crucial mines of Larsen and Toubro Ltd (L&T), in what suggests Sesa Sterlite Ltd may have to wait longer before it gets bauxite from the construction company under a memorandum of understanding....
With L&T deal through, Vedanta’s bauxite woes in Orissa largely over
Vedanta Aluminium Ltd's (VAL) $1-billion alumina refinery project at Lanjigarh will now have access to bauxite with the Orissa government getting favourable legal opinion on VAL’s sale-purchase agreement with Larsen and Toubro (L&T). The refinery currently has a capacity of 1 million tonnes (mt)....
Vedanta urges Odisha govt for bauxite mining lease to L&T
Vedanta Resources Plc Chairman, Anil Agarwal, accompanied with L&T chief A M Naik, today met Chief Minister Naveen Patnaik to press for early disposal of L&T’s application for grant of mining lease for Sijumali and Kutrumali bauxite mines as both the companies have entered into a pact to operate...
