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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EPA working with Bosai on second Linden dust collector
The Environmental Protection Agency (EPA) says it will continue to work with the Bosai Minerals Group (Guyana) as it takes steps to install a dust collection system for Kiln #13 that used to process bauxite at its operations plant in Linden. This move follows closely on the heels the commissioning...
Sesa Goa appeals to state Govt. for lifting of ban on ore transportation
Sesa Goa Limited, a subsidiary of Vedanta group, has written to the state government seeking to lift ban on transportation of iron ore during monsoon, which has resulted in drying up of their raw material required to run two of their plants. In a letter to District Collector (South) N D Agarwal...
First day of protest in the bauxite mining town, Linden
Except for commercial banks, most businesses in the bauxite mining town of Linden closed their doors and public transportation ground to a halt to mark the beginning of a five-day shutdown against a hike in electricity tariffs. Businesses, including the post office, did not open Wednesday....
Newman pushes for Rio Tinto bauxite mine at Cape York
Queensland Premier Campbell Newman has vowed to overhaul laws to allow Rio Tinto to proceed with its $1.4 billion South of Embley bauxite mine at Cape York. Mr Newman, who also announced a six-month action plan at the Liberal National Party annual convention in Brisbane on Friday, said his...
Rio Tinto to cut manpower at central Queensland mine
Rio Tinto says jobs will go at a central Queensland mine as the company battles falling coal prices. The mining giant says it is looking at ways to reduce its costs at its Clermont Coal Mine, west of Mackay, to improve competitiveness as the price of thermal coal drops. "A review is underway and...
Govt to select consultant for preparing National Aluminium Plan: Mining Secretary
Aiming to achieve optimal growth in the aluminium sector, the Mines Ministry will shortly appoint a consultant to prepare a National Aluminium Plan. "Eight consultancy firms had responded to the expression of interest we sought earlier. We have shortlisted five among them and they have made...
Mount Nimba iron ore project of BHP Billiton in Guinea up for sale
THE world's largest mining company has decided to pull out of Guinea weeks after The Sunday Times revealed a backroom deal that gave a shadowy middleman rights to billions of dollars worth of mining assets. BHP Billiton's decision to put its Mount Nimba iron ore project up for sale is a blow for...
BHP considers withdrawal from aluminium and nickel
Australian-based Mining giant BHP Billiton - the world's largest diversified miner - is considering a withdrawal from aluminum and nickel operations as part of a general retreat from non-profitable side projects by key mining players. “The Financial Times” reported that according to some unnamed...
Rio Tinto to increase production of iron ore, copper, bauxite and alumina
Diversified giant Rio Tinto has reported production increases for its iron-ore, copper, bauxite and alumina and coking coal operations during the second quarter ended June. He noted that the quarter under review was influenced by the global economic conditions, and market sentiment, which dropped...
Paulwell's mining lease plans behind RUSAL's Jamaican Bauxite plant decision
UC RUSAL 's announcement that it has not taken a decision to close its bauxite plant in Ewarton appears to have been influenced by the Government's intention to revoke the special mining lease the Russian firm now holds on two alumina plants — Alpart and Kirkvine — that have remained idle for three...
Niksic Miners accept Government's offer
Workers of the Niksic-based Bauxite Mines have accepted the Government's offer related to the timeframe for payment of salaries and stopped their eight-day blockade of the company's administration building. The President of the Independent Trade Union Borislav Bojanovic said that the Government...
Dust collector at Linden in operation
The long-awaited dust collector system on kiln #14 at the Bosai bauxite plant was put into full operation today at 9:40 am. As was anticipated, there was no dust emission from the kiln except a very minimal amount of smoke when the kiln started up and which lasted only a few seconds. The rest of...
Newman to help Rio by cutting red, green tape
Rio Tinto Ltd's $1.4 billion South of Embley bauxite mine in Cape York will be helped along by a change in the laws, Queensland Premier Campbell Newman has said, according to The Australian Financial Review. Mr Newman said he would streamline red and green tape for mining laws in Queensland, but...
BHP considering sale of Brazil aluminium stakes
Global miner BHP Billiton has appointed advisers to explore a sale of aluminium assets in Brazil, the Financial Times reported on Thursday. BHP declined to comment on the report that it was considering selling its stakes in the Alumar aluminium and Mineracao Rio do Norte bauxite joint ventures. BHP...
Ewarton Bauxite plant shutdown to claim 600 jobs
Nearly 600 Jamaicans will be forced to join the unemployment line later this year as Russian aluminium giant UC Rusal moves to shut down its Ewarton plant in St Catherine. Mining Minister Phillip Paulwell, in a statement to the House of Representatives yesterday, said he was "verbally advised" on...
Rio Tinto mine in Australia gives higher returns
Energy Resources of Australia's Ranger mine in the Northern Territory returned to higher levels in the absence of the extreme rain events that dogged the operation in 2011. But as previously advised by ERA, Ranger was a loss-maker in the June half at the $50 million- $60m forecast range. The listed...
Canadian Helicopters renews contract with miner Rio Tinto
Canadian Helicopters Group Inc. says its Australian subsidiary has inked a deal to renew its contract with mining giant Rio Tinto, with contract revenues expected to be at least A$125 million. The Montreal-based helicopter company's subsidiary Helicopters Australia Pty Ltd. said it will replace two...
Niksic-based Bauxite Mines future depends on employees
The future of the Niksic-based Bauxite Mines depends to a large extent on its employees and whether they will accept the proposal of the government representatives, the company's management said. The Bauxite Mines CEO Milorad Djurovic has invited the Independent Trade Union and workers to accept...
