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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Illegal mining will take a toll on normal lives in Vizag: Communist party of India
CPM politburo member, Brinda Karat on Tuesday said that the decision to allow bauxite and laterite mining in Vizag Agency by the state and Union government would turn the region into another Bellary, where illegal mining has taken a toll on normal lives. CPM politburo member, Brinda Karat on...
Alufer Mining plans to develop its Bel Air bauxite project
Guinea-focused bauxite miner Alufer Mining plans to invest $400 million to develop its Bel Air bauxite project in the Boffa region of the west African state, documents submitted by the company to the country's mines ministry showed on Monday. Alufer said in the documents seen by Reuters that it has...
Noranda Jamaica Bauxite Partners Football League kicks off in St Ann
A total of 40 teams will this year participate in the Noranda Jamaica Bauxite Partners (NJBP) Football League. The teams, which are drawn from the company's operating areas of Alexandria, Brown's Town and Discovery Bay, are playing for cash prizes of $300,000 and trophies. Matches in the league...
Tribal Affairs Minister urges Andhra Pradesh Governor to act against bauxite mining
Three months after Union Tribal Affairs Minister V. Kishore Chandra Deo wrote to Andhra Pradesh Governor E.S.L. Narasimhan, urging him to exercise his constitutional powers to cancel the permission given for bauxite mining in Visakhapatnam as it was fuelling left- wing extremism there, the latter...
Kala Committee's bauxite mining ‘tour’ in Visakhapatnam holds no credibility
Kala Committee, which was supposed to conduct a field visit of the bauxite mining areas of Visakhapatnam, in fact did an aerial survey by a helicopter, apparently sponsored by mining companies! EAS Sarma, former secretary to the Government of India (GoI) is angry with the ministry of environment &...
Odisha SEZ policy fails to boost mining sector
Odisha’s proposed Special Economic Zone (SEZ) policy, aimed at attracting investors in non-metallurgical sectors has hit the wall of uncertainty. Though the draft of the policy was framed two years back, it has hardly moved ahead. Sources said, the finance department was not keen on doling out tax...
Greek Mining production to decline in 2012
Mining production volumes of key minerals like coal, nickel, bauxite, perlite and bentonite in Greece is forecasted to decline by 3.2% in 2012, according a new report by the UK based research firm BRICdata. The decline is due to the country's worsening economic conditions over the past five years...
Neksan's bid for Bauxite Mines still under uncertainty
The Government was not able to give its position on the bid for a takeover of the Bauxite Mines Niksic, submitted by the Neksan company, because there was no common position of the workers and the management. The Government said that two trade unions of the company had completely opposite opinions...
Sesa Goa targets Rs 240 in next 2-3 months
Tulsian told CNBC-TV18, "Holding positive view because this Karnataka restart of the mining can easily take them back to that old Rs 50 EPS kind of things. If you have seen in FY12 they have shown really very poor working. I am not saying that the entire region was the stoppage of the mining...
LIGNITE Ltd withdraws its applications for three Collie coal exploration licences
LIGNITE Pty Ltd has withdrawn its applications for three Collie coal exploration licences, covering an area stretching from Collie Burn through Collie townsite to Allanson. Despite the withdrawal, Collie objectors will be back in the Warden’s Court next month to fight moves by Premier Coal and...
Brinda Karat (CPI) to protest against bauxite mining in Visakhapatnam
Polit Bureau member of the CPI (M) Brinda Karat will visit Visakha Agency on July 9 and 10 to participate in an agitation against bauxite mining and in a programme demanding a better deal to primitive tribal groups (PTGs). On July 11, she will lead a protest against the Collectorate here demanding...
Global Data's new report on "Asia-Pacific Bauxite Mining Regulatory and Fiscal Regime…"
Research and Markets has announced the addition of Global Data's new report "Asia-Pacific Bauxite Mining Regulatory and Fiscal Regime Report, 2012 - Regulatory Framework, Rights and Obligations and Key Fiscal Terms" to their offering. Global Data's mining industry offering, Asia-Pacific Bauxite...
Queensland Miners lobby to reform tenement auctions
Potential bidders for mining tenements in Queensland are lobbying the recently-elected Newman government to resolve environmental, native title and infrastructure issues before calling for tenders, according to a report by The Australian. Chinese aluminium giant Chalco is among the strongest voices...
Aluminium industry leader Bill Moss to take over as General Manager of Bauxite Alumina Joint Venture
Perth based bauxite explorer and developer Bauxite Resources Ltd is pleased to confirm the appointment of bauxite mining, alumina refining and aluminium smelting industry leader Mr Bill Moss who will take up the role of General Manager with Bauxite Alumina Joint Venture on 2 October 2012. Mr. Moss...
Chalco delays in acquiring SouthGobi stake
Chinese aluminum giant Chalco delayed plans to acquire a controlling stake in Mongolia-focused coal miner SouthGobi Resources Ltd on Tuesday, as it continues to work on securing regulatory approvals in Mongolia and outside. In April the Aluminum Corporation of China Ltd , better known as Chalco,...
Indonesia issues mining export permits to 22 firms so far
Indonesia has awarded mineral export permits to 22 firms since it introduced curbs on such shipments in May, a trade ministry official said on Tuesday, after the restrictions triggered panic buying by customers in key buyers Japan and China. Indonesia, one of the world's leading metals exporters,...
Rio Tinto to hand over the gold, silver and bronze medals for Olympic Games at a special ceremony
Rio Tinto, the mining company responsible for the production of the precious metals for the London 2012 Olympic Games, will hand over the gold, silver and bronze medals on Monday night at a special ceremonial event at the tower. The London Organising Committee of the Olympic Games (Locog) chairman...
Hunter coal mines will survive carbon tax
Climate Change Minister and Charlton MP Greg Combet stood firmly in front of the stacks at Newstan Colliery as he delivered the message that Hunter coalmines would not be affected by the controversial carbon tax. The minister for climate change said he wanted to be at a coalmine in his own...
