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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Mongolia eases restrictions to make investors like Chalco happy
Mongolia is switching things up and have recently “passed a law aimed at reviving foreign investment by easing restrictions on investors in key sectors such as mining and by providing greater certainty on the taxes they must pay,” reports Reuters. “The new regulations take effect on Nov 1 and...
Odisha govt submits reports to Centre on 12 village councils in Niyamgiri
Odisha government submits Centre reports on 12 village councils, held in Rayagada and Kalahandi dists to decide Vedanta's mining plan in Niyamgiri. The report will be submitted at the Supreme Court. The state government had conducted village councils complying with the decision of the Supreme...
International company to invest on alumina production complex in Batken
International Company plans to invest about $4 billion in the construction of alumina production complex at Zardalek deposit in Batken province. The executive director of Matrass Mining Group international company in Kyrgyzstan Azad Mikhailov stated at the meeting with the Plenipotentiary...
Petition to halt Bauxite Mining project at Steve Irwin Wildlife Reserve fails
A Petition from Australia Zoo owner Terri Irwin demanding a halt to a bauxite mine development inside the Steve Irwin Wildlife Reserve has fallen short, with Mines Minister Andrew Cripps saying it would be decided by "due process". Cape Alumina's Pisolite Hills project will begin construction...
Nhulunbuy locals are worried about the latest gas deal
The local MP for the mining town of Nhulunbuy says locals are still worried about the region's future, despite a meeting yesterday where more gas was promised for a mining company to continue operating. Labor MP Lynne Walker who represents Nhulunbuy said a town meeting on Monday with Federal...
Macfarlane to meet with locals over Gove refinery
Federal industry minister Ian Macfarlane and NT chief minister Adam Giles will meet with Arnhem Land locals and businesses today over the fate of the Gove alumina refinery. The loss-making Pacific Aluminium plant, owned by Rio Tinto, could have its operations suspended, among four other options its...
Vietnam-Laos bauxite transport pipe construction approved
The Quang Nam Provincial People's Committee has allowed the Vietnam Import Export and Construction Corporation (Vinaconex) and its Lao partner – the Laos Minerals Company, to build a pipe to transport bauxite from the Laos to the Chu Lai Economic Zone. According to Vinaconex, the bauxite mine in...
Mining Minister of Mongolia talks with president of Chalco
At the meeting the Minister of Mining D.Gankhuyag expressed approval for the successful bilateral cooperation on economy between Mongolia and China and the efficient changes made into the coal agreement between Chalco and Erdenes Tavan Tolgoi LLC. The Minister of Mining also said that “Erdenes...
Union minister for rural development requests Vedanta to find another bauxite excavation site
Union minister for Rural Development Jairam Ramesh today said the state government and Vedanta Aluminium Limited (VAL) should find another place to excavate bauxite to feed the company’s refinery plant located at Lanjigarh. Minister Ramesh said this while addressing media at Congress HQs in...
Bauxite export rises in Indonesia during first half
Export of bauxite ore and its concentrates (aluminum) during January to June 2013 hit 24.4 million tons, up 23.8 percent compared to the same period last year, based on data from the Directorate of Foreign Trade Ministry of Commerce. Export value of vessel freight on board (FOB) also rose 48.4...
Vedanta confident of getting alternative mine for Niyamgiri project
Though all 12 village council voted against allowing Anil Agarwal’s Vedanta Aluminium to mine bauxite in Niyamgiri, the Vedanta Group executive chairman remains optimistic the Orissa government will soon allot another mine for the 1-million-tonne (to be expanded to 5) refinery. There is a lot of...
Votorantim signs protocol of intent with Seicom for mining & refinery project
Brazilian metals company Votorantim Metals has signed a protocol of intent with Seicom, Para state's industry, mining and commerce department, as part of the latter's plan to attract new businesses to its mining and metals industry. As Votorantim gets ready to start work on its Alumina Rondon...
Traditional owners North Queensland got back parts of land proposed for bauxite project
Traditional owners from five clans in far north Queensland have now taken control of a parcel of west Cape York land earmarked for a multi-billion-dollar bauxite project. The deeds to the land were handed over yesterday to the Ngan Aak-Kunch Aboriginal Corporation at a ceremony in Aurukun, north of...
Iran to invest over 8 billion euros in aluminium sector
Iran plans to invest around 8.5 billion euros ($11.4 billion) in its aluminium industry as part of plans to nearly quadruple production by 2025, an official at mining group Imidro said on Thursday. Iran is the 20th largest producer of aluminium in the world, according to the Iranian Mines and...
Rio and Chalco opted out of Aurukun bauxite deposit
Mining major Rio Tinto and Chinese owned Chalco have opted out of bidding for the $20 billion Aurukun bauxite deposit in Cape York, leaving Glencore and Australia Indigenous Resources in the race. The Queensland government released a shortlist of five bidders to pitch for the Aurukun deposit in...
Odisha plans bauxite prospecting at five places
The state geology department has identified five places in Koraput and Kalahandi districts to carry out prospecting operation for bauxite, as part of its long-term plan to boost proven bauxite reserves in the state. "For 2013-14 field season (Nov-May) we have proposed to carry out prospecting...
Vegetation growth on bauxite area causing hindrance to optimal bauxite production
The Nawailevu Bauxite mine in Vanua Levu is providing new returns for workers through the farming of vegetables and fruits at the site following extraction. Workers at the site have been planting farming produce at the site once bauxite has been extracted. While visiting the Nawailevu bauxite mine...
Glencore, Chinese Group bid to develop Australian bauxite mine
Glencore Xstrata Plc (GLEN) and China’s Australian Indigenous Resources Pty submitted proposals to Australia’s Queensland government to develop the Aurukun bauxite project in the northeast state. Queensland in April shortlisted a number of companies, including Rio Tinto Group, to develop the...
