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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Mining projects in Australia await the end of wild rivers laws
Miners are dusting off plans to develop Cape York, buoyed by the prospect that Queensland would scrap laws protecting "wild" rivers and boost economic activity across the peninsula. Bauxite miner Cape Alumina is assessing the viability of its $1.2 billion Pisolite Hills project, which was stalled...
Votorantim Metais to develop new bauxite project in Brazil
Votorantim Metais (VM) is discussing the development of a bauxite project in the northern Brazilian state of Pará, local media reported. The complex will be set up in the city of Rondon, will extract about 7.1 million tpy of bauxite and will include a refinery producing about 3 million tpy of...
Vimetco obtains updated mining licence in Sierra Leone
Vimetco, the global producer of primary and processed aluminium products, has announces that its bauxite producing subsidiary, Sierra Minerals Holdings (SMHL), has signed an updated Mining Lease Agreement (MLA) with the Government of Sierra Leone. Under this agreement the Company's Mining Lease, of...
Policy proposal developed to protect WA agriculture from mining
A policy proposal to protect agricultural communities in WA from mining has been submitted to the State Government. The proposal has been developed by the Residents for Responsible Mining, a community group based at Chittering, about an hour north of Perth. The group was formed three years ago in...
GMDC reports a jump in their 1st quarter profit
State-run Gujarat Mineral Development Corporation (GMDC) today reported 11.36 per cent jump at Rs 170.51 crore in its net profit for the quarter ended June. The company's profit in the corresponding period last year was Rs 153.11 crore, an official statement said. Backed by good mining practices,...
Alcoa’s Sandow Mine Receives Excellence in Surface Mining Award
Alcoa announced today that its Sandow Mine in Rockdale, Texas received the "Good Neighbor Award" in the 2012 Excellence in Surface Coal Mining Awards from Office of Surface Mining Reclamation and Enforcement (OSM). Alcoa was recognized for successfully working with the community while conducting...
Jamaica explores possibilities of aluminum production locally
Science, Technology, Energy and Mining Minister, Hon. Phillip Paulwell, says the Government is exploring the possibility of producing aluminium locally. Speaking at Wednesday's (July 25) Jamaica House media briefing at the Office of the Prime Minister, Mr. Paulwell said details of the undertaking...
Balco to spend Rs 2.5 crore to upgrade basic amenities of a Chhattisgarh village
A village in Chhattisgarh housing the indigenous tribals once living without cloths will get a new lease of life with a project soon going to take off to transform it into a model settlement. On the initiative of the Kabeerdham district administration, Vedanta-controlled Bharat Aluminium Company...
Anti-mining group urges Redman to extend mining ban in Australia
A South West anti-mining action group has called on local MP and Agriculture and Food Minister Terry Redman to back a proposal it claims would protect the Warren-Blackwood electorate from strip mining for bauxite. Mr Redman recently backed Mines Minister Norman Moore’s blocking of coal mining in a...
Geoscientists express concern over the underutilized mining reserve in Odissa
The Society of Geoscientists and Allied Technologists (SGAT) has expressed grave concern over the continuing stagnation in the mining sector in Odisha leading to a drastic fall in availability of mineral resources in the state. According to SGAT, nearly 490 out of the 600 leased mines are not in...
Union minister unhappy with Andhra governor on bauxite mining issues on tribal land
Union minister Kishore Chandra Deo has criticized the Andhra Pradesh governor for inaction on his request to stop bauxite mining in Vishakhapatnam, saying that special powers of Raj Bhavans were a waste if not used to safeguard the interests of tribals. Deo had written to Andhra governor E S L...
Noranda Aluminum profit beats Street due to high demand
Noranda Aluminum Holding Co reported second-quarter results that beat analysts' estimates as higher shipments of aluminum and flat-rolled products offset lower prices. Aluminum prices on the London Metal Exchange dropped about 20 percent in the second quarter due to high inventories, prompting Wall...
Nalco’s Indonesia project faces coal supply issues
National Aluminium Company Ltd (Nalco) has stumbled on a coal linkage hurdle for its proposed 0.5-mpta aluminium smelter project in Indonesia. Nalco, which is banking on local coal supply to run a planned 1,250-MW captive plant to power its smelter, has not been able to wrap up the deal in the past...
Guyana unrest halts Bosai bauxite mining operations
Reuters reported that Chinese owned bauxite producer Bosai Minerals Group has halted its Guyana operation due to civil unrest that has killed three people. Bosai is reconsidering a planned expansion of the facility. Police shot three people dead in the city of Linden, 65 miles from the capital of...
Tribals oppose mining in Orissa's Mali hills
Tribals of Koraput's Mali hills of Orissa have threatened to launch an agitation from August 9 if the government does not stop mining activities in their area. Taking up cudgels under the Mali Parbat Surakhya Samiti (MPSS), tribals alleged that 44 villages in Sorispodar, Hudi, Dalaiguda and...
SGAT opposes Union tribal minister's plea to stop bauxite mining
The Society of Geoscientists and Allied Technologists (SGAT) has vehemently opposed Union tribal welfare minister V Kishore Chandra Deo’s demand for stoppage of bauxite mining in Eastern Ghats. “We strongly refute observations of the Union tribal welfare minister as these are not based on facts,”...
FDI grows to USD 35b in Sub-Saharan Africa due to bauxite mining
Renaissance Capital, a global investment firm, stated that last year, Foreign Direct Investment (FDI) in Sub-Saharan Africa surged to a record of USD35 billion, reported Xinhua News. The company said that half of the amount was made in Ghana, Nigeria and South Africa, adding that FDI to West Africa...
NEPA to take action against Windalco
The National Environment and Planning Agency (NEPA), says it is moving to take action against bauxite mining company Windalco, over this week’s fish kill in the Rio Cobre in St. Catherine. NEPA said it is preparing to issue an Enforcement Order on Windalco to compel it to cease the discharge of...
