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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Lucintel projects good growth in global bauxite mining industry through 2018
The global bauxite mining industry is forecasted to reach $10.6 billion by 2018. The industry is consolidated with the top 10 players dominating the market. Competitive rivalry is high with a low threat of entry from new players and high exit barriers in bauxite mining industry. Players use...
Bauxite Resources Ltd provides an update on bauxite exploration activities in Western Australia
Perth-based bauxite explorer and developer, Bauxite Resources Ltd is pleased to provide an update on bauxite exploration activities in its northern Darling Range tenement area, Western Australia. An exploration drilling campaign has been completed on the Company's Fortuna prospect, located on...
Bauxite mining project to likely create 45 local jobs
Production at a proposed new bauxite mine in the state's North could start midway through next year, creating up to 45 jobs. A Chinese company has invested in two projects, the other being based in at Goulburn South, in southern New South Wales. Australian Bauxite Limited and Chinese aluminium...
Green group wants Cape York bauxite plans downsized
The Wilderness Society says it could support a proposed bauxite mine on western Cape York in far north Queensland if it was significantly scaled back. Rio Tinto Alcan has released a final environmental impact statement for its proposed South of Embley project at Weipa. Wilderness Society spokesman...
No guarantee on Steve Irwin reserve's safety from mining
Queensland Mines Minister Andrew Cripps has refused to rule out mining in the Steve Irwin Wildlife Reserve on Cape York in the state's far north. More than 600 people, led by Terri Irwin, had signed a petition calling on the Government to ensure no mining applications would be approved in the area....
Indian government's confusing signals confound tribals
The tribals believe that the standoff between the state government and Union ministers Kishore Chandra Deo and Jairam Ramesh has virtually ignored them. The state government's determination to go ahead with the mining process despite the stiff opposition from within the party has further confounded...
NALCO marks highest ever turnover
National Aluminium Company Ltd. has reported excellent results in terms of sales turnover and foreign exchange earnings for the year 2012-13. During the year, the company achieved record sales turnover in excess of $1323 million and foreign exchange earnings of $625 million. Besides, in terms of...
Indian government's stand on bauxite mining slammed
The State government’s stand on bauxite mining in Scheduled Areas has drawn flak from the Human Rights Forum. Ridiculing the stand taken by the Industries and Commerce Department that the permission of the Gram Sabha was required for prospecting only minor minerals under the Panchayats (Extension...
Indian political party urges State Governor to safeguard the interests of tribals
Progressive Democratic Front floor leader in Legislative Council M.V.S. Sarma has urged Governor E.S.L. Narasmihan to exercise powers under V Schedule of the Constitution to safeguard the interests of tribals and ensure that Centre’s order cancelling bauxite mining leases granted to the APMDC was...
Nalco to surrender 2,100 hectares of mining land
National Aluminium Co Ltd expects the proposal to surrender part of its mining land in the Panchpatmali bauxite deposit area will soon be cleared by the state mines department. Nalco intends to surrender 2,087 hectares of its 3,404 ha mining lease area, where no bauxite deposit was found after...
Indian state government in a fix over bauxite mining leases
The State government has found itself on a sticky wicket over the bauxite mining issue after the Centre directed the State government to rescind leases granted to the APMDC in Visakhapatnam. The Centre’s insistence and the pressure exerted by Union Ministers V. Kishore Chandra Deo and Jairam Ramesh...
Indian Mining Industry Association requests export duty rollback
The Federation of Indian Mineral Industries has submitted a petition to the minister of Mines, Dinsha Patel, requesting him to withdraw and revise the export duty on bauxite. According to the petition, as a result of the export duty on bauxite, India has seen a 11% decline in exports. "The proposed...
Indian opposition party vows to oppose bauxite mining
The State Government seeking the Central Government to review bauxite mining in Visakha Agency was only to go ahead with the mining, but any attempt to start mining would lead to serious consequences, CPI(M) district secretary Ch. Narasinga Rao said at a press conference here on Saturday. While...
Angola still interested in bauxite exploration in Guinea Bissau
Angola’s Foreign Affairs Minister, Georges Chicoti said on Thursday in Luanda that Angola was still interested in bauxite exploration in Guinea Bissau, but for that to happen there would need to be “a climate of peace.” Chicoti was reacting to recent accusations from the Guinea Bissau government...
Indian Legislative Council rocked over bauxite mining issue
The Legislative Council was rocked on Thursday over the government’s stand on the bauxite mining in Visakhapatnam district and its refusal to give an assurance to cancel the mining lease given to the APMDC to supply ore to Anrak Company. The issue raised by M. V. S. Sharma to know if the Union...
Chalco Mining obtains exploration rights for 23.58 million mt of bauxite
The Ministry of Land and Resources announced on March 18 that Chalco Mining has obtained exploration rights for Yushan bauxite in Henan’s Xin’an County at a cost of RMB 924,900. The Henan Institute of Geological Survey announced discovery of 23.58 million mt of proven bauxite in Yushan, Xin’an...
Noranda reports US$ 200,000 loss
Lower prices and higher costs translated into a modest loss for Noranda Jamaica Bauxite Partners. The St Ann-based company's parent reported a US$200,000 loss from its bauxite segment last year, following profits of US$18.5 million in 2011, and US$23.8 million the year before. The mining company...
Indian state Odisha exploring the possibility of mining lease grant to L&T
Vedanta's ailing alumina refining unit at Lanjigarh shut since December 5 last year on bauxite unavailability can hope for a long-term succor on raw material supplies. The government has consulted its advocate general over the possibility of grant of ML to L&T which was granted prospecting license...
