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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Queensland Government plans to revive Cape York bauxite mining
The Queensland Government has used a Community Cabinet meeting in the states far north to talk up plans for more bauxite mining on Cape York. Deputy Premier Jeff Seeney says he wants to revive plans to mine the lucrative bauxite deposits near the Aurukun Aboriginal community, north of Cairns....
GMDC floats tenders for bauxite calcination plant in Kutch
State-promoted listed company Gujarat Mineral Development Corporation Ltd has floated tenders to sell its bauxite calcination plant in Kutch district. This comes at a time the PSU is busy setting up a Rs 12,000-crore joint venture with Nalco in the State. The plant, having a production capacity of...
Chief Minister to help co-ordinate a new gas pipeline to Gove bauxite mine
Northern Territory Chief Minister Terry Mills says his government will do all it can to help co-ordinate a new gas pipeline to a bauxite mine in Arnhem Land. The Gove bauxite mine and alumina refinery are the chief employers in the nearby town of Nhulunbuy in Arnhem Land but have been making a loss...
Bauxite spill claim
A GROUP of villagers in Bua have raised concerns over depleted marine resources in their qoliqoli blaming bauxite as a contributing factor. The villagers of Naiviqiri District have taken their concern to the chiefs of Bua asking for their assistance in resolving the issue. District rep Salacieli...
Job fears loom large over Nhulunbuy bauxite mine employees
Reports of Nhulunbuy's bauxite mine being on brink of closure have been dismissed as "alarmist''. Member of the Legislative Assembly Lynne Walker said: "I don't believe for one minute that it will happen." The alumina operation is the sole reason for the town's existence. It employs 1500 workers...
Cost cutting in Gove bauxite Mine affecting Nhulunbuy economy
The president of the East Arnhem Chamber of Commerce says the town of Nhulunbuy in the Northern Territory is feeling the effects of a cost-cutting exercise by the nearby bauxite mine and refinery. Pacific Aluminium has begun a natural attrition process, due to tough business conditions caused by...
Gove bauxite mine takes up cost cutting measures
The bauxite mining and refining operation on the Gove Peninsula in the Northern Territory has stopped replacing workers who leave their jobs, in an effort to cut costs. The strong Australian dollar and poor prices for bauxite and aluminium products have forced the mine's owners, Pacific Aluminium,...
Maoists fear causes shutdown of bauxite mines in Jharkhand
Maoist fear looms large in Jharkhand's Lohardaga District as bauxite mine workers abandoned their work, following threats from the extremists. The people living in nearby villages said till now they were working in the bauxite mines of the region without facing any problem. But recently, posters...
Environment group rejects Cape bauxite mine benefits
The Wilderness Society has questioned the economic benefits of a proposed bauxite mine on far north Queensland's Cape York Peninsula. Cape Alumina says the Queensland Government's declaration of its Pisolite Hills mine as a "significant project" has prompted it to resume planning and negotiations...
Chalco's Bid for SouthGobi in Peril
China has fallen silent in its pursuit of a deal that would have unlocked vast seams of Mongolian coal ahead of a deadline that expires next week, as politics and a slowing Chinese economy likely scotched the proposed $920 million investment. It is now all but certain that Chalco won't pursue its...
Cape and Gulf regions to seek royalties from Government
A coalition of Cape York councils is planning to lobby the State Government to be included in its Royalties for the Regions program. The government has promised to invest almost $500 million over four years in regions under pressure from resource development. Aurukun Shire Council CEO John Japp...
Guyana Bauxite sector sees 41.9% growth in first half of 2012
Attracting investors to the mining town of Linden is key to government’s developmental agenda for the people and the region. As such, Finance Minister Dr. Ashni Singh explained that investors continue to express interest in the mining sector that has contributed significantly to the Gross Domestic...
Nalco’s Commercial Director gets additional charge as CMD
The mines ministry on Thursday has given Anshuman Das, commercial director of Nalco, additional charge as chairman and managing director of the state-run company. After taking charge of Nalco, Das said his job will be to prioritize projects. "We will take up a proposed Rs 16,000 crore aluminium...
Nalco Undergoes Significant Management Shift
The mines ministry on Thursday has given Anshuman Das, commercial director of Nalco, additional charge as chairman and managing director of the state-run company. After taking charge of Nalco, Das said his job will be to prioritse projects. "We will take up a proposed Rs 16,000 crore aluminium...
Odisha's tribals to protest bauxite mining by Hindalco
About 15 kms from the idyllic hilly town of Semiliguda in South Odisha’s Koraput district, the stage is set for an encore of the Niyamgiri-type agitation, as the tribals gather at the foothills of Mali Parbat to protest against bauxite mining by Hindalco Industries Ltd in the area. Sharing the...
Vedanta raises its Hindustan Zinc, Balco Bid offers to $3.93 Billion
Vedanta Resources Plc. (VED), controlled by billionaire Anil Agarwal, will raise its offer to increase its stakes in Hindustan Zinc Ltd. (HZ) and Bharat Aluminium Co., seeking control of bauxite mines and India’s biggest zinc maker. The company will ask for shareholder approval on Aug. 28 to offer...
VAL employees appeal to save Lanjigarh plant
Hundreds of VAL employees demonstrated before the main gate of Vedanta Aluminium Limited (VAL) at Lanjigarh on Wednesday as their future appears to be in the dark. They appealed to Chief Minister Naveen Patnaik to save the industry from closure. On the one hand, the stiff opposition by the tribal...
BHP shuts silicomanganese plant, puts aluminium assets for impairment tests
Diversified miner BHP Billiton has shut its South African Metalloys silicomanganese plant “permanently” and confirmed that its South African aluminium assets have been subjected to impairment testing. With energy coal prices also lower, the latest results presentation of BHP Billiton for the...
