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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Allen & Overy advises CPI International Minerals on world-scale alumina project
Allen & Overy has advised CPI International Minerals (CPIIM), a wholly owned subsidiary of China Power Investment Corporation, on the conclusion of the mining convention for CPIIM’s world-scale alumina project in the Republic of Guinea. The convention, which was signed in Conakry, the capital, on 6...
Ex-Rio Tinto boss joins Vedanta
Miner Vedanta Resources on Monday said that it had chosen Tom Albanese, former chief executive of peer Rio Tinto, to be its chairman. "Vedanta announces that Tom Albanese is joining the group as the chairman of its subsidiary, Vedanta Resources Holdings Ltd," a statement said. Albanese stepped down...
China power investment to build aluminium production base in Guinea
China Power Investment Corp. (CPI) entered an agreement with the Guinean government early this month to build a massive aluminium production base in the African country. CPI plans to invest $6 billion in phase one to build a 4 million-tpy alumina plant and supporting facilities, various Chinese...
EGA to expand operations from bauxite mining to aluminium refining & other fields globally
Emirates Global Aluminium, or EGA, which is under formation, is aiming to become an international aluminium conglomerate with interests from bauxite mining to aluminium refining and carbon production, a top official said. EAG will be an organisation which will comprise of several umbrella companies...
UC RUSAL to invest RUR 3 bln in SUBR in 2013 for bauxite mining
RUSAL, a leading, global aluminium producer, announces an investment of almost RUR 3 bln in constructing new operational sites at SUBR (North Urals Bauxite Mine) channeling some of these funds into technical and equipment upgrade in 2013. RUSAL has already invested RUR 1.1 bln in building the...
Odisha pollution control Board clears Nalco's bauxite mining project at Panchapatmali
The Consent Committee (CC) of Odisha State Pollution Control Board (OSPCB) cleared 15 major projects. The Odisha Power Generation Corporation (OPGC) and 14 others were granted consent order. The OPGC proposed to develop coal mines of 8 MTPA along with coal washery of same capacity at Manoharpur in...
Bechtel joining in Gulf metals and mining boom
The US firm Bechtel is setting up a Dubai office for its mining and metals division, as the company sees growing opportunities for the sector in the Arabian Gulf. Bechtel, one of the largest engineering and construction companies in the world, wants to tap into a market where it estimates contracts...
Government expects bauxite mining in Arkalyk to be completed by 2021
It is planned to complete the extraction of bauxite in the city of Arkalyk by 2021. "In this connection it is necessary to carry out a set of measures and activities to identify prospective mineral deposits in the region",said Deputy Minister of Industry and New Technologies of the Republic of...
Aurum Exploration contributes to community assistance program in Bua, Fiji
Aurum Exploration (Fiji) Ltd has given $25,000 to the people of Bua as part of its community assistance program. Company executive Sang Lei said the funds were given to the provincial office to help with scholarships for students. The bauxite mining company has assisted students in other academic...
Orissa bauxite reserves remain unutilized, only one reserve being functional
Orissa sits on one of the largest reserves of bauxite in India —around 2.5 billion tonnes — but its record in developing these mines or allocating them to private parties is abysmal. Of 10 identified big mines with potential reserves of around 1,489 million tonnes (mt), only one mine —...
More mineral sites found at Bua, Fiji
More bauxite deposits have been identified in Vanua Levu says director for Mineral Resources Department, Malakai Finau. Mr Finau said there were other sites which were being explored for deposits of the mineral. "Some of the exploration sites that are being earmarked are in Nasarawaqa, Wainunu,...
Maoists hinder bauxite supply to Hindalco unit
Suspected Maoists have forcibly stopped the supply of bauxite from Red-hit Latehar district to Hindalco Industries' Renukut plant in Uttar Pradesh, considered one of the biggest aluminum factories in Asia. A group of rebels attacked a railway sliding site in Richughuta locality under Latehar police...
Montenegrin bauxite miners continue with strike
The Montenegrin government on Thursday said it was uncertain the demands of striking bauxite miners in Niksic could be met. Some 300 mine workers have been on strike several times this year after not having received their salary for 12 months. Since Aug. 21, workers blocked the export of ore from...
Utkal-E coal block likely to be operational by December 14: Nalco
State-owned aluminium major Nalco is expecting to operationalise its much delayed Utkal-E captive coal block by December next year. Allocated to the company 9 years back, in August 2004, to meet coal requirements of four of its captive power plant, the block has failed to meet several deadlines for...
Niyamgiri tribes get support from Congress vice-president
In a move to reclaim his party’s traditional support base among tribals, Congress vice-president Rahul Gandhi is expected to visit Odisha later this month to meet villagers who recently rejected a proposal to mine bauxite from the Niyamgiri hills. “(Rahul) Gandhi will meet the tribals and celebrate...
First Bauxite Corporation announces appointment of interim chairman
First Bauxite Corporation announces that Larry Washow has been appointed Interim Chairman of the Board of Directors of First Bauxite succeeding John Hicks. The Company thanks Mr. Hicks for his contributions and wishes him well in his future endeavors. Mr. Washow will also continue in his role as a...
Jamaica alumina production is on a rise: PIOJ
The Jamaican economy is expected to record growth ranging between 0.5 and 1.5 per cent over the July to September quarter according to Director General of the Planning Institute of Jamaica (PIOJ) Colin Bullock. He was addressing the PIOJ’s quarterly media briefing on Tuesday August 27 at the...
Northline wins freight contract for Rio Tinto's Weipa bauxite mine
Northline has won a transport contract to move more than 5000 tonnes of freight annually for Rio Tinto's Weipa bauxite mine. According to the company the freight transported for the mine will be varied, with items moved including printer cartridges right through to capital pieces of equipment like...
