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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Street battles erupt near RUSAL Alumina refinery in Guinea
Street clashes broke out on Sunday in the Guinean industrial town of Fria, home to RUSAL's huge alumina refinery, after local youths armed with knives and guns attacked suspected black market fuel salesmen, witnesses and officials said. At least 20 people were injured in the fighting which ran for...
Local Tribals blocked Utkal Alumina road to protest
Hundreds of tribals of Kashipur block in Odisha’s Rayagada district blocked the road leading to the mines of Utkal Alumina International Limited (UAIL) on Friday, demanding fulfillment of their demands. The tribals, who blocked the road near Andrakancho under Baphlimali Surakhya Samiti (BSS), vowed...
Odisha Tribals to submit development plan to Utkal Alumina
Tribals in Rayagada's Kashipur block have prepared an action plan that they will submit to Utkal Alumina International Limited (UAIL) and the district administration for development of villages affected by the factory. This plan will be the precondition to mining in their area. The action plan was...
Vedanta Lanjigarh plant shutdown will affect 7,000 people
Vedanta Aluminium Limited, a subsidiary of the London Stock Exchange listed multi-billion dollar Vedanta Resources group, on Thursday told the Odisha government it wants to temporarily shut down its alumina refinery in the state due to lack of bauxite by December 5. “The decision is painful because...
Quebec grants a 20-year mining lease to Orbite Aluminae for Grande-Vallee project
Orbite Aluminae said Thursday Quebec's Ministry of natural resources granted the company a 20-year renewable mining lease at its Grande-Vallee property. Shares popped 3.33 per cent to $2.17 each on the Toronto Stock Exchange on Thursday mid afternoon. The lease is a major step to support Orbite's...
Mineral Resources Department representive rejects bauxite spill claims by Bua residents
BAUXITE is a non-toxic mineral, says Mineral Resources Department (MRD) deputy director Venasio Nasara. Mr Nasara made the comment at a meeting attended by a group of government officials, district reps and chiefs in Lekutu, Bua on Thursday after media reports claimed the effects of bauxite mining...
Andhra Pradesh govt urged to cancel bauxite mining agreements
Environmental activists, NGOs and others have urged the Andhra Pradesh Government to cancel the MoUs (memoranda of understanding) signed with two companies — Jindal South-West and Anrak — for supply of bauxite to them through the AP Mineral Development Corporation (APMDC). The Union Minister for...
Union minister asks Odisha govt to scrap deal with Vedanta
Sensing an opportunity to corner the Odisha government after it decided to cancel the joint venture pact of Odisha Mining Corporation (OMC) with a private firm for coal mining over rule violation, the state Congress unit on Monday demanded that OMC’s agreement with Vedanta for bauxite supply should...
Hindalco faces Vedanta's mining fate in Odisha
Even when the protest against Vedanta over mining in Niyamgiri was at its peak, Hindalco Industries quietly carried on with its work in Mali Parbat, just miles away from the Vedanta project. But not anymore! With locals protesting against Hindalco’s move to mine Mali Parbat, the contractor who was...
Bua residents concerned at the dust pollution from bauxite mine.
Landowners in areas surrounding the bauxite mine in Bua are concerned at the amount of dust pollution from the mine. They raised the issue in a meeting with the Commissioner Northern last month. The dust comes mostly during the transportation of the bauxite from the mine to the jetty. Director...
Mineral rich Guinea secures $2.1 billion debt relief from IMF, World Bank
Guinea secured $2.1 billion in debt relief from the World Bank and the IMF Heavily Indebted Poor Countries (HIPC) initiative, paving the way for accelerated development of the minerals-rich West African state, officials said. The debt relief comes as a vote of international confidence in Guinea's...
Utkal Alumina road continues to get blocked by locals
Villagers in Rayagada's Kashipur block continued to obstruct the road leading to the mines of Utkal Alumina International Limited (UAIL) for the fifth consecutive day on Thursday demanding development of the area. Sources said tribals have detained six heavy vehicles of the company at Kupakhal...
Minister cancels 7 bauxite mining licences in Visakhapatnam India
Union Tribal Welfare Minister Kishore Chandra Deo has vetoed the move by the AP Government to undertake bauxite mining in the eastern ghats of Visakhapatnam district and brought the curtains down on the controversy raging over the issue for the past few years. He has revoked seven mining licences....
Kwakwani Residents angered by APNU’s decision to block investment and employment
Residents of Kwakwani and surrounding communities are angry at the recent comments by A Partnership for National Unity (APNU) Executive Member, Lance Carberry that the party will be challenging the recent Mining Licence issued to RUSAL to expand its bauxite operation “We met with officials from the...
South Africa keen to mine in Odisha
Notwithstanding the series of controversies gripping mining in Odisha, South Africa on Monday evinced interest to invest in the mineral sector in the state. "Odisha is a mining state and South Africa is a mining country. We have a lot of similarities. Therefore, Odisha is strategically important...
Odisha to reserve mineral bearing areas for Odisha Mining Corporation (OMC)
Responding to the demand from various quarters, the state government has decided to reserve areas bearing iron ore, manganese ore, chromite ore and bauxite for undertaking prospecting and mining operations through Odisha Mining Corporation (OMC), the state controlled miner. The government would...
Queensland government opens tenders on Aurukun bauxite lease
The Queensland government is calling for new expressions of interest over a vacated lease to mine bauxite on Cape York. The Aurukun bauxite lease was first issued to French company Pechiney in 1975, but was not used for 28 years and was repealed. The tender was then issued to Chinese miner Chalco...
Australian Bauxite Limited Tasmania Drill running successfully
Emerging bauxite development company, Australian Bauxite Limited is drilling ahead of schedule in Tasmania at Bauxite Deposit DL-130 located 65km south-south-west of Bell Bay deepwater port in a privately owned plantation that is under harvest. Thicker than expected bauxite has been encountered up...
