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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Union Minister for Tribal Affairs in India is against bauxite mining in agency areas
Bauxite mining in the agency areas is in gross violation of the Constitution, says V. Kishore Chandra Deo Reiterating his opposition to wanton destruction of forests and hills under the guise of development, Union Minister for Tribal Affairs V. Kishore Chandra Deo said that he would follow up with...
Aluminium S.A. signs new large $200 million contract
Mytilineos Group subsidiary Aluminium S.A. has signed with Swiss-based multinational Glencore a contract for the sale of 75,000 tons of aluminium in billets and slabs, for a total price of $200 million. These quantities will be exported to the European and US markets from January 2013 to June 2014....
WA’s mining industry calls for a review of mining development at Kimberley
WA’s mining industry has called for a full review of resource development in the Kimberley after Colin Barnett appeared to rule out development of a massive bauxite resource in the region owned by Rio Tinto and Alcoa. Association of Mining and Exploration Companies chief executive Simon Bennison...
S & B Industrial Minerals S.A. : Bauxite spin off to fully owned subsidiary
The Board of Directors of S&B Industrial Minerals S.A. (S&B) and Greek Helicon Bauxites, 100% subsidiary of S&B, approved in their meetings held on 18/12/2012 and 28/12/2012, respectively, the spin-off of S&B's bauxite sector and its contribution to HB. The spin-off is an internal rearrangement to...
Odisha to make fresh application for Karlapat bauxite mines
Hit by acute shortage of raw materials that led to closure of Vedanta’s refinery at Lanjigarh, the Odisha government today said it would explore every possibility of undertaking bauxite mining at Karlapat reserve in Kalahandi district. “We have decided to submit a revised application seeking...
Manchester/St Elizabeth eager for resumption of bauxite mining
Just under four years since the closure of bauxite/alumina plants Alpart in south eastern St Elizabeth and Kirkvine in central Manchester, economic gloom hangs heavy with unemployment on the rise and savings of ex-bauxite workers already spent or fast running out. There was a spark of hope late...
Rusal To Develop Dian-Dian Bauxite Deposit
United Co. Rusal PLC said Monday it has signed an agreement with the government of the Republic of Guinea to develop the Dian-Dian bauxite deposit, the world's largest. The deal calls for developing the mine to be able to produce up to 3 million tons of bauxite by 2015. Rusal will also complete a...
Vedanta unlikely to begin operations at Lanjigarh Refinery in near future
The country’s largest aluminium maker Vedanta Aluminium is unlikely to start operations at its Lanjigarh unit in the near future as it is yet to secure bauxite supply to run the plant. “It is very difficult to give a timeline. Unless we get secured source of supply of raw material, we will not be...
Rio Tinto agrees sale of shareholding in Palabora
Rio Tinto has reached a binding agreement to sell its 57.7 per cent effective interest in Palabora Mining Company Limited (Palabora) for US$373 million. The purchaser is a consortium comprising South African and Chinese entities led by the Industrial Development Corporation of South Africa Limited...
Indian Govt to decide on Andhra Pradesh Bauxite mining
The Chief Minister Mr N. Kiran Kumar Reddy on Wednesday said that the state government would go by the Centre’s direction on the controversial bauxite mining issue. Mr Reddy was in Paderu on the third day of his tour of the district. Referring to the demand for cancellation of bauxite mining leases...
Indonesian Govt to press on with 2014 deadline for smelting projects
With at least seven firms starting construction of mineral smelting plants in Indonesia this year, the Energy and Mineral Resources Ministry is pressing on with its plan to completely ban the export of unprocessed minerals in 2014 as stipulated in the 2009 Mining Law, despite a challenge by...
Shutdown in Visakhapatnam to protest bauxite mining
A shutdown was observed amid tension in the tribal areas of Visakhapatnam district Wednesday to demand that the Andhra Pradesh government should not allow bauxite mining. An all-party committee opposing the mining called for the shutdown to protest Chief Minister N. Kiran Kumar Reddy's visit to...
Antam picks Sumitomo for $145m power projects
Mining company PT Aneka Tambang, known as Antam, has given the Japanese Sumitomo Corporation the task of working on the development of coal-fired power plants, which forms part of the company’s modernization work on its ferronickel factory in Pomalaa, Southeast Sulawesi. Antam is also in the...
Bauxite team formed in Bua for evacuation assistance
The bauxite mining company in Bua has set up a team to assist government officials with evacuation and clearing of roads when Tropical Cyclone Evan hits us this weekend. Mine manager Basilio Vanuaca said work at the site had been shelved until TC Evan passes. "The only people at the mine site are...
NALCO resumes operations at bauxite mine
State-run National Aluminium Co (NALCO) resumed operations at its bauxite mine in eastern India after getting a temporary one-year permit, nearly a month after it was shut, a senior company official said on Tuesday. The operation at Panchpatmali mine in the Koraput district of Odisha, which has a...
Vedanta chairman believes open mining policy can make India an economic powerhouse
For a country with one of the largest reserves of natural resources in the world, the transformational potential of India's resources sector is immense. The sector has the potential to add $1 trillion to the Indian economy that can substantially contribute towards much-needed investments in...
Five Investors considering investment in Alumina Business in Indonesia
Some 3-5 foreign investors are now studying to invest in alumina business in Indonesia with total investment expected to reach US$10 billion, equivalent Rp96 trillion, Investor Daily reported this morning. Panggah Susanto, general director of manufacture-based industry at the Industry Ministry,...
Tribal affairs minister against diluting FRA for mining projects in Orissa
Tribal affairs minister Kishore Chandra Deo has warned against dilution of the Forest Rights Act for faster approval to projects and has asked environment minister Jaynathi Natarajan to ensure compliance with law while diverting forestland for projects by the ministry's Forest Advisory Committee....
