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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Indian Tribal Affairs Ministry curtails village councils’ rights on Vedanta’s mining project
Despite the Supreme Court’s order, the village councils, or gram sabhas of the Dongria Kondh tribals may not be able to decide upon their traditional and religious rights against the mining interests of Vedanta. A narrow interpretation of the Supreme Court order by the tribal affairs ministry...
Indian court nominates two judges as Niyamgiri Gramsabha observers
Odisha High Court has nominated the district and sessions judges of Kalahandi and Rayagada to act as observers in the much-awaited Gram Sabha to decide fate of the proposed bauxite mining for Vedanta atop Niyamgiri Hills. “The High Court Registrar General has informed the state government about the...
Indian state government faces allegation of manipulating court order on bauxite mining
Lok Shakti Abhiyan president Prafulla Samantara on Wednesday alleged the Odisha government was attempting to subvert the recent order of the Supreme Court relating to holding gram sabhas for a decision on proposed bauxite mining in Niyamgiri hill for Vedanta Group’s plant and sought Odisha governor...
Scientists raise environment issues in Vinacomin’s bauxite project
Dr. Dang Trung Thuan, Chair of the Vietnam Geochemistry Association, feels that Vinacomin, the investor of the Central Highlands’ bauxite project – will find it hard to revert to the original state and recover the environment at the mining site. Vinacomin has committed to follow necessary steps in...
India’s Gujarat Mineral Development Corporation rises on bargain hunting
Gujarat Mineral Development Corporation jumped on bargain hunting after the stock fell 9.52% in the preceding eight trading sessions to INR 135.95 on 27 May 2013, from a recent high of INR 150.25 on 15 May 2013. The stock had underperformed the market over the past one month till 27 May 2013,...
BelAZ supplies dump trucks for bauxite mining in Venezuela
The Belarusian automobile manufacturer OAO BelAZ has shipped a batch of five mine dump trucks with the carrying capacity of 90 tonnes to Venezuela, representatives of the company told BelTA. The BelAZ 75570 vehicles were sold to the company CVG Bauxilum C.A. The vehicles will be used at the Los...
District collectors get alerts on decisive gram sabhas for Vedanta's mining project
The Odisha Scheduled Caste and Scheduled Tribe development department has issued notices to the district collectors of Rayagada and Kalahandi, asking them to conduct hearings ahead of Gram Sabhas at Niyamgiri hill range, which will decide the fate of the bauxite mining project there. As per the...
Indian State Government seeks judicial supervision for gram sabhas
Odisha Government has requested Chief Justice of the Odisha High Court to nominate a judicial officer of the rank of district judge as observer for the proposed gram sabhas to be conducted for deciding grant of mining lease to Vedanta Group for bauxite mining. In an official communique to the...
Vedanta looking for bauxite supplies to restart alumina refinery in Odisha
The Vedanta Group is hopeful of tying up bauxite supplies to restart its alumina refinery in Lanjigarh, Odisha within the next 1-2 months. Vedanta Aluminium Limited (VAL), the group arm which operates the unit, is in talks with a clutch of private miners in Jharkhand, Chhattisgarh besides Gujarat...
China: Non-ferrous metal industry investment up 25%
Fixed asset investment (FAI) in the Chinese non-ferrous metals industry increased by 25.31% for Q1 2013, reaching a total of RMB82.34 and accounting for 1.42% of total FAI in the country. Private investment in the sector rose by 31.15% to RMB57.55 billion and accounted for almost 70% of total...
Odisha to conduct village meetings to ease mining deadlock
The Odisha SC & ST department will instruct the district administration of Kalahandi and Rayagada soon to initiate work at the field level for conducting gram sabhas for deciding the fate of bauxite mining at Niyamgiri hills. Despite the Supreme Court (SC) verdict dated April 18, the state...
Guinea's bauxite market headed for an impasse
Guinea’s ambitious bauxite market is set to be marred by the pull out of foreign investment and its own political unrest. In March, president Alpha Conde pledged to triple production to 61 million metric tons by 2016-17 and account for a quarter of the world's bauxite production by 2020. But...
Australia allows mining on proposed world heritage site
Australian Environment Minister Tony Burke has approved Rio Tinto Alcan’s new South of Embley bauxite mine on Cape York, the Queensland peninsula that the Australian government intends to propose as a UNESCO World Heritage site. Announcing the approval May 15, Burke said with the 76 strict...
Australian Bauxite to take advantage of developments in global bauxite market
With its first Tasmanian mining lease well on the way to being granted, Australian Bauxite is poised to take advantage of favourable developments in the global bauxite market. Australian Bauxite’s (ABx’s) carefully planned success began in 2006 when chief geologist Jacob Rebek started looking for...
Hydro signs development agreement with Pará government
Hydro was one of the first companies in Pará to establish a partnership for the benefit of local development, supported by an Intentions Protocol with the state, through its Secretariat of Industry, Commerce and Mining (SEICOM). The agreement will enable a development of a State Plan of New...
Sesa Goa to resume mining in Karnataka by June
Sesa Goa is looking to restart iron ore mining from Karnataka and expects a strong demand of the ore within the state, a top company official of its parent firm Vedanta Resources said today. "We expect to resume mining in Karnataka by June... we are in the process of securing necessary clearances"...
Centre, Andhra government on collision course over cancellation of bauxite mining leases
The Centre is on a collision course with the Congress government in Andhra Pradesh over cancellation of bauxite mining leases in tribal dominated Vishakhapatnam district, with the state challenging the move and the tribal affairs ministry continuing to swear by the legislative rights of the forest...
Two bauxite plants in Lam Dong at risk of loss
Based on recently released figures, the two bauxite mining plants in the Central Highlands province of Lam Dong are facing a risk of great losses, an official said. Dr Nguyen Thanh Son, director of the Hong River Delta Project Management Unit under the Vietnam Coal and Mineral Group, gave the...
