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 Chief Minister evades direct reply on bauxite mining ban
Chief Minister N Kiran Kumar Reddy evaded giving an assurance on the State Government banning bauxite mining in the Scheduled Areas while two Union Ministers Jairam Ramesh and Kishore Chandra Deo urged the State Government to cancel the MoU entered into on the subject as they were in violation of...
Indian Union Ministers seeks 20 years ban on bauxite mining
Union minister for panchayat raj and Araku MP Kishore Chandra Deo and Union minister for rural development Jairam Ramesh urged the state government to ensure that ANRAK was not given permission to mine bauxite in the Chintapalli region. Raising the issue at a meeting at G K Veedhi in Visakhapatnam...
Officials defend central highlands bauxite mines
Despite pubic concerns, Tan Rai and Nhan Co. bauxite projects in the central highlands region are necessary for the development of Vietnam’s aluminium industry, one official said. The projects had been carefully considered before assigning them to the state-owned company Vietnam National Coal and...
MAL to be liquidated by Nemzeti Reorganizációs
MAL Hungarian Aluminium Ltd is to be dismantled by state-owned liquidator Nemzeti Reorganizációs Nonprofit by court order, the National Development Ministry said on Wednesday. The firm behind the lethal “red mud” toxic waste spill of October 2010 has been in an impossible financial position since...
Australia Minerals & Mining acquires Gibson Alumina project
The acquisition of Gibson High Purity Alumina project in Western Australia has boosted aluminous clay resources held by Australia Minerals & Mining to 147 million tonnes.The 100 per cent owned Gibson project, located 10km by road from the Esperance Port, comprises 200 blocks.Previous exploration in...
Bauxite mining operations at a standstill at Nawailevy in Bua due to adverse weather
The adverse weather conditions in Vanua Levu have affected bauxite mining operations at Nawailevu in Bua. Bauxite mine manager Basilio Vanuaca said operations had come to a standstill as a result of the bad weather experienced in the Northern Division. "We will resume normal operations during fine...
Bahrain's Alba considers taking over a bauxite mine or refinery
Aluminium Bahrain (Alba), owner of the world's fourth-largest aluminium smelter, wants to take a stake in a mine or refinery as its impending expansion increases its demand for raw materials, its chief executive told Reuters. The firm has begun feasibility work on a $2.5 billion sixth production...
Opposition stages walk out over BALCO illegal mining case
The main opposition Congress on Wednesday staged a walk out in the Chhattisgarh Assembly accusing the BJP government of shielding Bharat Aluminum Company Ltd (BALCO) officials in an illegal mining case. Raising the issue through his starred question, Congress legislator Mohammed Akbar asked whether...
Dynamite blast injures several at Rusal bauxite mine
A policeman and two Russian nationals were among ten people injured yesterday after several boxes of fuel-soaked dynamite exploded at the RUSAL Bauxite Inc. at Kwakwani, Berbice River. Three of the victims were treated at the Kwakwani Hospital before being air-lifted to the city and admitted to the...
Comprehensive insight needed for bauxite project in Vietnam
The Government is continuously pushing for the application of advanced technology in bauxite mining in a bid to make the process more environmentally friendly and to enhance socio-economic efficiency, the head of the Government Office Vu Duc Dam has confirmed at his monthly press briefing. He told...
National Green Tribunal denies Hindalco forest clearance to transport bauxite mined from Maharashtra
The National Green Tribunal has dismissed Hindalco's plea challenging the Maharashtra government's refusal to grant it three more months, after expiry of its forest clearance, to transport around 1.6 lakh tonnes of bauxite mined from Kolhapur district. A bench headed by Justice V R Kingaonkar also...
Court orders liquidation of MAL
State-owned liquidator Nemzeti Reorganizációs Nonprofit is to take over the management and operation of Hungarian alumina maker MAL after a court has ordered the company to be liquidated based on a claim submitted by one of the creditors, the National Development Ministry (NFM) said on Wednesday....
Rio appoints Chris Lynch as new CFO
Mining giant Rio Tinto has appointed the former boss of toll road owner Transurban, Chris Lynch, as its new chief financial officer. Mr Lynch will replace Guy Elliot on April 18. Rio said Mr Lynch will remain on the board and become an executive director and member of the executive committee as...
Bauxite mine in Bua earned about $15million from bauxite export
The bauxite mine in Bua has raked in about $15million from the exported 300,000 tonnes of bauxite so far. Mine manager Basilio Vanuaca in an interview with this newspaper yesterday said a tonne of bauxite cost about $F50.00. "We have so far sent six shipments to China last month from the Northern...
Dongria tribes vow not to leave Niyamgiri for mining
Water, land and forest are our own. No Government can mine in our hill. We have been praying our ancestral land and hill for decades and we are living here because of them. If Niyamgiri is allowed to mine, there will be conflict and bloodshed. We won’t allow bauxite to be transported from the...
Bauxite Resources Limited Drilling Commenced on New Bauxite Prospect
Bauxite Resources Limited has commenced a program of work on exploration licence E70/2230 (known as Fortuna), adjacent to the 73.3Mt Felicitas bauxite resource. The bauxite rights to the Fortuna prospect are entirely BRL's while the Felicitas resource forms part of the Company's joint venture with...
Noranda to invest US$20m in St Ann port
Noranda Aluminum Holding Corporation plans to double its initial investment plan for its Discovery Bay port expansion to US$20 million. The scope will also be widened from dredging to include infra-structure works. The United States-based company with local operations in St Ann told shareholders...
China to revive bid for Cape York bauxite deposit
China's biggest aluminium-maker will revive its controversial bid for rich bauxite deposits on Cape York Peninsula, pitching it against mining giant Rio Tinto and five other contenders. Chalco has moved after Queensland's Liberal National Party government dropped a condition the successful...
