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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Most of Dominican Republic’s bauxite exported to China
Dominican Republic exported 300,000 tons of wet bauxite in two shipments out of the port at Cabo Rojo, Pedernales (southwest) in July, a resumption expected to increase government revenue for the rest of the year and provide more jobs in the country’s poorest region. A Mines Agency (DGM) report...
Rio hangs on to loss-making aluminium business as profit falls
Mining group Rio Tinto Ltd/Plc has scrapped efforts to sell its loss-making Pacific Aluminium business, blaming poor market conditions as weaker iron ore, copper and coal prices dragged first-half profit down 18 percent. Rio - which has put a handful of assets on the block as it concentrates on...
India’s bauxite mining woes to continue even after Niyamgiri rejection
When the voting stops on August 19, the scorecard for Vedanta’s bauxite mining, which is currently 9-0, may well read 12-0, an emphatic rejection of state and corporate plans to mine bauxite atop the Niyam Dongar hilltop in the Kalahandi district of Odisha. Twelve tribal villages that call this...
Vedanta to discuss bauxite mining issue with Odisha government
After more than half the gram sabhas in the tribal villages opposed bauxite mining in the Niyamgiri hills, Vedanta Aluminium said on Monday that it will discuss the fallout with the Odhisa government soon, but will continue to operate the plant by sourcing raw material from other sources. "Our...
LED illuminators help increase productivity at Western Australia bauxite mine
LED illuminators from Raytec have significantly increased productivity at the world’s largest bauxite mine in Western Australia, in a state of the art lighting upgrade in an incredibly remote and challenging environment. The mine currently produces around 23 million tonnes of bauxite a year and was...
Bauxite mining losing ground in Tanzania
Efforts to reclaim highly degraded nature reserves across the country have born fruits following intervention by the Eastern Arc Mountains Conservation Endowment Fund (EAMCEF). The degradation has been caused by bauxite and alluvial gold mining in areas such as Amani and Chome Nature Reserves....
Bauxite out of bounds, Vedanta now turns to laterite deposits
With hopes of mining bauxite in Niymagiri hills virtually dashed, Vedanta Aluminum Limited (VAL) is now eyeing laterite deposits in Rayagada district for raw material for its Lanjigarh refinery. The company sought permission for extracting laterite deposits at Sagabari, Panabara and Arotokoni...
Miner Academy at Bauxite opens virtual training school for students
The traditional classroom setting doesn't fit all students' needs. That is why the Bauxite School District has started a charter school with an individualized learning approach. When school starts back on August 19, Bauxite will have an elementary school, middle school and two high schools. Miner...
Congress seeks Odisha CM's apology on Niyamgiri
As the ninth successive gram sabha rejected mining in Niyamgiri hills on Thursday, the Congress chose to rub salt onto the wounds of an embarrassed Naveen Patnaik Government with Union Minister Srikant Jena demanding an apology from the Chief Minister. With all the villages going against mining,...
After the failure at Niyamgiri, Vedanta is eyeing the bauxite mine at Amarkantak
With more than half the gram sabhas in Orissa's Rayagada and Kalahandi districts opposing bauxite mining in the Niyamgiri hills, Vedanta Aluminium Ltd is working on a two-pronged back-up plan to source the key raw material. The company is understood to have identified 25-26 small closed mines owned...
Odisha: Cong leaders praise tribals for opposing mining
Congress leaders on Thursday congratulated the Dangaria Kandha tribes of Kalahandi and Rayagada districts of Odisha for their united stand against the proposed bauxite mining plan atop Niyamgiri Hills for Vedanta. The praise on the particularly vulnerable tribal group (PVTG) was showered at the...
Vedanta Aluminium's fate lies in the hands of a local tribe
For at least five years now, a tribe in India’s eastern state of Odisha has being steadfastly opposing the mining of bauxite by Vedanta Aluminium Limited (VAL), a unit of the multinational Vedanta Resources run by billionaire Anil Agarwal. The opposition has been so fervent that the...
No solution in sight for Vedanta's Niyamgiri bauxite mining project
Amid the overwhelming opposition to the Niyamgiri bauxite mining project at the recently held gram sabhas, Vedanta Aluminium is in a quandary on a sustainable alternative for its one-million-tonne Lanjigarh refinery. Though the company has applied for prospecting licences and mining leases at 26...
Eighth gram sabha too votes against Niyamgiri mining
The tribals of Ijurupa village in Kalahandi district today unanimously voted against the plan to mine bauxite on top of Niyamgiri hills, making it the eighth palli sabha in a row to reject the mining plan. The view of the tribals was along the expected lines after seven gram sabhas had voted...
Anrak bracing up to commission refinery on Vedanta model
Anrak Aluminium Limited (AAL), which has almost completed work on its 1.5 million alumina refinery at Rachapalle in Makavarapalem mandal, about 100 km from here, is exploring various options to source bauxite ore with no indications to allow AP Mining Development Corporation to take up mining in...
Jolt for Vedanta as mining in Niyamgiri Hills voted out by 7 villages
Vedanta Resources Plc's plans to mine bauxite to feed its alumina refinery in Odisha have suffered a blow after a majority of local residents voted against mining around the hills they consider sacred. Failure to source bauxite from within the state might force the London-listed company to...
Ghana could lose over $350 billion of revenue from the bauxite industry: VALCO
Ghana could lose over $350 billion of revenue from the bauxite industry if measures are not put in place to establish a refinery and integrate the various players in the precious minerals’ value chain. This is according to the Volta Aluminum Company (VALCO). A conservative estimate of Ghana’s...
Vedanta Alumina might ask for alternative mining site
Anil Agarwal’s Vedanta Alumina, a unit of the London-listed Vedanta Resources, might ask the Odisha state government for a alternative mining site after its proposed mining project in the Niyamgiri hills range suffered a fresh setback today. The seventh village, of the total 12, today rejected the...
