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...
Grow with
AL Circle
AMC puts $US812m price tag on bauxite mine in Guinea
Privately-funded Alliance Mining Commodities has announced it will cost $812 million to develop its Koumbia bauxite project in Guinea, West Africa. The Perth-based miner released the results of its definitive feasibility study for the Koumbia project today, which flagged commencement of production...
Rio Tinto releases draft Commonwealth EIS for South of Embley Project
Rio Tinto Alcan today released the draft Commonwealth Environmental Impact Statement for the South of Embley Project. Rio Tinto Alcan president and chief executive officer, Bauxite and Alumina, Pat Fiore said the project will extend bauxite mining operations on an area of the company's existing...
Henan Discovered Over 85,000 Thousand Tons of Bauxite
It is reported that Henan Institute of Geological Survey has found more than 85,000 thousand tons of bauxite together with light rare earth resource in. According to the introduction, Henan Institute of Geological Survey found more than 62,170 thousand tons of bauxite in Li Zhuangzhai and more than...
Bauxite dispute continues in the bauxite mining area in Bua, Fiji
A group of landowners in the bauxite mining area in Bua revealed in a survey that they were not part of a decision to begin the mining process. The survey conducted by the Bua Urban Youth Network in Nawailevu this year showed 20 per cent of respondents felt they were involved in the decision to...
Activists up in arms against Vedanta Aluminium Limited
With Orissa Mining Corporation's petition challenging the Centre, which imposed restrictions on bauxite from Niyamgiri Hills, scheduled for hearing at the green tribunal of Supreme Court on Friday, two outfits opposing the mining demonstrated against Vedanta Aluminium Limited (VAL) at Bhawanipatna...
Ghana’s mining sector to be worth $1.83b in 2016
Ghana’s mining sector is expected to reach a value of $1.83 billion in 2016, according to the Ghana Mining Report – Fourth Quarter 2012. The Report by Research Company Research and Markets says the sector will increase from $1.21 billion in 2010 “as bauxite and gold production see substantial...
EIS released for Cape bauxite mine expansion
A large-scale bauxite mine expansion on Cape York Peninsula in far north Queensland is a step closer, with the release of a new environmental impact statement (EIS). Public feedback for the proposed $1.5 billion South of Embley Project, near Weipa, will close on December 19. Rio Tinto Alcan...
NALCO hopes to resume bauxite mining in Odisha by Dec first week
Hopeful of getting the Temporary Working Permit (TWP) to operate its bauxite mines at Panchpatmali in Odisha's Koraput district, Nalco today said the 'Navratna' company would certainly meet all commitments in terms of supply of alumina to refinery and export orders. "We have stocked sufficient...
Habanero Resources Grand-Vallee Program Now Underway
Habanero Resources announces commencement of the 2012 diamond drill program in its Grand-Vallée North Aluminous Clay Prospect, Gaspe, Quebec. Drilling will consist of approximately 800 metres, 8-hole drill program designed to test three of the highest priority aluminium in soil geochemical...
Nalco's bauxite mining comes to a halt at Panchpatmali
National Aluminium Company (Nalco) has stopped production at its Panchpatmali North-Central block bauxite mines after its lease deed for the area expired on Saturday. The company, which is awaiting renewal of the lease, said it is expecting a temporary working permit to operate the mine by...
Bauxite Company Noranda defends its land reclamation process
Bauxite company Noranda is defending itself against claims by irate farmers in the Dry Harbour Mountains of St Ann that their land reclamation efforts leave a lot to be desired. Last week, residents of Rhoden Hall, Stepney and surrounding districts took the Jamaica Observer to deep craters in the...
Tribals protest Utkal Alumina mining in Kalahandi hill Odisha
As the tribal inhabitants were totally against mining in Niyamgiri hill despite the assurance by the State Government for peripheral development, it is now the locals of Thuamul Rampur block who have raised their voice against bauxite mining at Baflamali hill. Baflamali hill, spread over 1388.74...
Concern over Bauxite stockpile at the Xinfa Aurum Exploration (Fiji Ltd)
A group of villagers in the district of Navakasiga in Bua have again expressed concerns over the bauxite stockpile that lay exposed at the Xinfa Aurum Exploration (Fiji Ltd) jetty area. The concern was highlighted in an earlier interview with Navakasiga district representative Salacieli Tuala who...
Guinea targets 3 firms in resource contract review
Guinea is focusing a review of its resource contracts on three deals that it says were signed under murky conditions, including an agreement involving one of the world's biggest iron ore deposits, a source close to the review said. They include BSG Resources' deal to obtain half of the giant...
Fiji Bauxite Mine manager refutes any adverse effects of bauxite in Bua
There are no direct side effects of bauxite on the natural ecosystem and villagers' claims that the mineral will adversely affect the environment are not true. Bauxite Mine manager Basilio Vanuaca said they were closely monitoring the surrounding areas of the mine and there was no evidence of such...
Nalco to be allowed mining at Panchapatmali
With the 30-year lease of the Panchapatmali bauxite mines allotted to the National Aluminium Company (Nalco) due to expire on November 16 which is likely to force closure of its refinery at Damanjodi, the State Government has decided to allow continuation of the lease of bauxite mines for the...
Australian Bauxite Limited updates on its Tasmanian bauxite resources
Emerging bauxite development company, Australian Bauxite Limited has bauxite tenements totalling more than 7,500 km2 covering the core of the Eastern Australian Bauxite Province . ABx considers its Tasmanian Project located within 100 km of Bell Bay Port to be a state significant discovery of a...
Vedanta's profit up 49% to USD 2.56 bn in Apr-Sep
India-focused mining conglomerate Vedanta Resources today reported 49 per cent growth in its core profits to USD 2.562 billion for the half year ended September 30, 2012, buoyed by earnings from subsidiary Cairn India. The company had reported USD 1.721 billion core profits or EBITDA (earnings...
