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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Chalco (Guizhou) secures mining rights to Maochang bauxite mine
The Ministry of Land and Resources announced Chalco (Guizhou) has obtained mining rights to Maochang bauxite mine. Chalco (Guizhou) is located in Guiyang’s Baiyun District, 22 km from Qingzhen city. MLR data show that close to 300 million mt in proven bauxite reserves have been discovered in...
Gas pipeline reserved for big ticket projects
A mining company building a billion-dollar gas pipeline to the Gove alumina refinery says it will be not be economically viable for remote Arnhem Land communities to tap into the supply. Pacific Aluminium has released plans for the proposed route of its 600 kilometre pipeline from Katherine to...
Bauxite Resources defines maiden resource for Fortuna in Western Australia
Bauxite Resources has defined an initial bauxite resource of 26.8 million tonnes for its Fortuna Project in the Darling Range of Western Australia, increasing its global bauxite resource by 14% to 223.3 million tonnes. The resource is less than 15 kilometres from existing rail infrastructure...
NALCO may cut output by 25% due to coal shortages
NALCO may have to cut its daily aluminium output by 25 percent due to coal supply shortages caused by an accident at a mine that supplies fuel to the state-run aluminium producer, a company director said on Sunday. The company has received just 10,000 tonnes of coal a day for the past 10 days from...
Indian Central Government asks Odisha to publicize Supreme Court order on Niyamagiri
In a follow up to the Supreme Court order empowering the village committees to decide the fate of bauxite mining project in Niyamgiri hills, the Union ministry of tribal affairs has asked the Odisha government to take necessary steps to create awareness about holding of palli sabhas. The ministry...
Kaiser Aluminum Corp. ranks 16 on the Metals Channel Global Mining Titans Index
A study of analyst recommendations at the major brokerages shows that Kaiser Aluminum Corpis the #16 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. In forming this rank, the analyst opinions from the major...
Indigenous Indians block Russian bauxite operations for higher pay
Indigenous Amerindians in south-eastern Guyana have virtually halted the operations of the Russian Aluminium Company to press demands for more money to be paid to them for use of a roadway and the excavation of a new area. Councillors of Hururu, an Amerindian mission in Upper Berbice River, and...
Government to dicontinue divestment of shares in loss-making CAP
In an unexpected about-turn, the Government has announced it will discontinue the process of divesting its shares in the loss-making Clarendon Alumina Partners. The government has been attempting to offload its 45 per cent interest in the Jamalco Refinery held by CAP which has been racking up...
Newman Government releases five shortlisted bidders for Aurukun bauxite deposit
CHINA'S biggest aluminium maker will go head-to-head with its biggest rivals in a pitch for the $25 billion Aurukun bauxite deposit on Cape York. The Newman Government has released the details of the five shortlisted bidders with the successful venture to be announced by the end of the year. The...
Indian Supreme Court judgement a victory for tribals
The human rights group, Amnesty International has welcomed the Supreme Court judgement on bauxite mining at Niyamgiri Hills in Odisha’s Kalahandi district. Amnesty said , SC’s ruling that the indigenous (Adivasi) communities will have the final decision on plans for a bauxite mine by a subsidiary...
RUSAL may downscale bauxite investment in Berbice River
The Russian bauxite company – RUSAL – is reportedly expressing frustration at efforts by some elements to “extort” money from them for the use of about 300 acres of land in Hururu village, Berbice River. The company reportedly reached an agreement with the community village council to pay millions...
Indian Governments adopting dual standards regarding bauxite mining issue
The Centre and State Governments are adopting dual standards regarding the bauxite mining issue.The illegal approvals given and the agreements made in the past should be cancelled, said the speakers at the two-day Adivasi Adhikar Rashtriya Manch conference, which began on Saturday. The meeting also...
Guangxi approves three bauxite prospecting surveys
Guangxi’s Land and Resources Office recently approved three bauxite prospecting projects in its jurisdiction: trihydrate bauxite in Dingdun Village, Long’an County (general survey), bauxite in Maling Township, Hengxian County (detailed survey), and bauxite in Changzhai Village, Hengxian County...
Signature campaign seeks restarting of Vedanta refinery
Vedanta Aluminium Limited has once again requested the State Government to ensure bauxite supply to its Lanjigarh facilities in Kalahandi district which has been shut down due to non-availability of raw materials. “You are aware that the closure of refinery since December 5, 2012 has impacted the...
Sterlite Industries (India) Limited releases update for the fourth quarter
Aluminium production at 245 ktpa Korba-II smelter was 62,000 tonnes, in line with the corresponding prior quarter. The smelter operated above its rated capacity for the full year. At the 325ktpa Korba-III aluminium smelter, mechanical and electrical completion and pre-commissioning of the...
Guinea cuts taxes on bauxite exports to $4 a ton
Guinea, the world’s biggest exporter of bauxite, has cut taxes on exports of the mineral to $4 a metric ton from as much as $13 a ton, according to amendments made to the country’s mining code. “We’re putting in place a more flexible tax system to encourage win-win investments,” Mines Minister...
The Russian company targeting 2 million tons of alumina by 2013 end
Vimetco Russian company targets to produce 2 million tonnes of alumina ore from his mines located in West Kalimantan by the end of this year. According to Susilo, the Russian company has been working with local company PT Intan in Sangatta area, West Kalimantan to produce alumina. "They are very...
State team notes improvement in Bua bauxite mine
A Government monitoring team that visited the bauxite mine in Bua last week has noted improvements in the state of the site. Divisional environment officer North Senimili Nakora said the visit was part of the monthly visit and meeting with the bauxite team. "The visit was to facilitate the monthly...
