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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Thousands join rally as Vedanta mine ruling postponed
A rally of defiance was held at the foothills of India’s Niyamgiri Hills on Thursday, by thousands of tribal men and women, including the Dongria Kondh, who turned out to voice their unwavering opposition to Vedanta’s controversial mine. A final decision by India’s Supreme Court on the future of...
AMEC Australia calls for Kimberley mine review
WA's mining industry has called for full review of resource development in the Kimberley, after Premier Colin Barnett appeared to rule out the development of a massive bauxite resource in the region owned by Rio Tinto and Alcoa. Association of Mining and Exploration Companies chief executive Simon...
Cape Alumina lines up second development project
The Bauxite Hills mine, in Queensland, could deliver some five-million tons a year for ASX-listed Cape Alumina, a prefeasibility study (PFS) has found. The company reported on Tuesday that the project could likely have a life-of-mine of some ten years, producing from an inferred resource of some...
SC clears hurdle in reopening Nalco's bauxite mine
The National Aluminium Company ( Nalco) has heaved a sigh of relief with Supreme Court condoning the delay in submission of its forest diversion proposal for renewal of bauxite mine lease. With this, the hurdles in the path of the company in obtaining a temporary working permit (TWP) to operate its...
Government concerns over Gove alumina refinery
The Northern Territory Government hopes a decision will be made this week on a plan to help save a Rio Tinto alumina refinery on the Gove peninsula in remote north-east Arnhem Land. The Territory's Chief Minister says any closure of the refinery could devastate the nearby mining town of Nhulunbuy,...
Odisha govt looks for new bauxite mines for Vedanta
After the shutdown of Vedanta Aluminium’s one million tonne alumina refinery at Lanjigarh on December 5, the Odisha government seems to have woken up, albeit belatedly, to the raw material crisis that has stalked the company for last five years. In a bid to help revive operations of the Lanjigarh...
Vale is not in a hurry to sell Aluminum Norsk Hydro Stake
Vale SA, the giant Brazilian mining company, said Thursday it is in no rush to sell its 22% stake in Norway-based aluminum company Norsk Hydro ASA (NHY.OS, NHYDY). "We will sell when it is showing value for Vale," Murilo Ferreira, Vale's chief executive, told journalists at the company's London...
Rusal to boost bauxite production in 2013
The Russian aluminium company, Rusal, says it plans to increase bauxite production in 2013 while commencing work on a new deposit. Officials of the company made the disclosure to President Donald Ramotar during a meeting at the Office of The President on Tuesday. The meeting was held between...
Nalco awaits Ministry nod to resume bauxite mining in Odisha
National Aluminium Ltd, the Bhubaneswar-based integrated PSU aluminium maker, is still awaiting a temporary approval from the Union Ministry of Forests and Environment (MoEF) for resumption of operations at its bauxite mine in Odisha. Operations at its Panchpatmali in Koraput district was stopped...
Australian Bauxite Limited completes investigative drilling at Queensland
Bauxite development company, Australian Bauxite Limited has completed investigative drilling as part of its due diligence with respect to Mining Lease ML80126, located 25 km south of Mundubbera and 155 km southwest of Bundaberg Port in central Queensland. ABx confirms that the Inferred Resource of...
Committee formed to monitor bauxite at Bua, Fiji
A monitoring committee will work with bauxite company XINFA to ensure that proper and necessary procedures are followed at the mine and jetty site in Bua. Acting provincial administrator Inoke Tagicakibau told the Bua Provincial Council meeting that the committee would meet bi-monthly. Mr...
Nalco yet to resume operations at Odisha mine
National Aluminium Ltd, the Bhubaneswar-based integrated PSU aluminium maker, is yet to resume operations at its bauxite mine at Panchpatmali in Koraput district of Odisha. Mine operations stopped on November 17 in the absence of mine lease renewal. A temporary work permit for a year also eluded...
No refinery required for Aurukun bauxite mine: Govt
The Queensland LNP Government has taken the first concrete step towards its long-stated aim of exploiting the Aurukun bauxite resource in western Cape York. This time around, however, the right to mine will not be tied to the requirement to build an alumina refinery. Yesterday the Newman Government...
Rio Tinto expects its large asset sale to generate strong proceeds
Global miner Rio Tinto said it expects the sale of assets it no longer wants, such as its Pacific Aluminium and diamonds businesses, to generate strong proceeds over the next year or more. It has already generated $12 billion (£7.5 billion) from the sale of more than 20 assets since 2008 and said...
FAC may decide on forest clearance for Nalco mine by next week
The Forest Advisory Committee (FAC), an expert panel of Union ministry of environment & forests (MoEF), is expected to take a call by next week on granting fresh forest clearance to the Panchpatmalli bauxite mines of National Aluminium Company (Nalco) to enable the company secure temporary work...
Rio Tinto to undergo cost cutting in coal and aluminium operations
Global miner Rio Tinto said its coal and aluminium operations would bear the brunt of $5 billion in targeted cost cuts over the next two years. Rio, in an investor update, said it was aiming to cut more than $5 billion of operating and support costs by the end of 2014, and would cut spending on...
Aurukun bauxite mine to give indigenous people better economy and employment
Business and community leaders are describing the Queensland Government's call for fresh expressions of interest to mine rich bauxite deposits at Aurukun on Cape York as giving the indigenous people of the region new hope, prosperity and jobs. The $1 billion mine has the potential to employ 700...
Nalco’s bauxite mining gets temporary relief
The Forest Advisory Committee (FAC) of the Ministry of Environment and Forests granted temporary working permit to National Aluminium Company for operating the central and north block of Panchpatmaili mines in Koraput districts where bauxite mining was suspended on November 17 after the 30-year-old...
