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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Balco to supply regular raw material to its Chhattisgarh plant
Vedanta-controlled Bharat Aluminium Company (Balco) Limited had made a big leap forward to ensure raw material supply to its facility located in Korba district of Chhattisgarh. A public hearing conducted for environment clearance to company’s bauxite mine in Sarguja district was completed...
Gold and bauxite help 1st quarter GDP growth
According to the Ghana Statistical Service, the total value of goods and services produced in Ghana grew by 8.7% in the first quarter of 2012, relative to that of 2011. A newsletter from the GSS shows that the Industry sector was the main reason for this growth. Gold and bauxite production led the...
Steve Irwin Reserve on Cape York might be mined
The Steve Irwin Reserve on Cape York is expected to be mined, with Environment Minister Andrew Powell yesterday moving to wind back Wild Rivers environment protection. Mr Powell released a scoping paper for a proposed management plan, which is expected to replace Wild Rivers protection on at least...
Rigaku Technologies has announced new method for the analysis of iron in aluminum
Applied Rigaku Technologies, Inc. today announced a new empirical method for the analysis of iron in aluminum. Commercial production of aluminum begins with the separation of aluminum oxide from the iron oxide in bauxite, the primary source of aluminum. The alumina, silica and iron content of the...
Farmers in St Ann are losing out their land to bauxite mining
Several residents of Stepney, Nine Miles, Higgins Land and neighbouring communities in rural St Ann have said they are worried that they have not been able to identify suitable parcels of land on which to continue farming since they were displaced by bauxite mining expansion. The disgruntled...
Bauxite Resources Ltd. Retains RB Milestone Group LLC as Its Corporate Communications Firm
RB Milestone Group LLC , a high-end corporate communications firm specializing in small-cap companies in a variety of industries, has just announced that Bauxite Resources Limited has retained RBMG to strengthen shareholder value with Market Intelligence, Corporate Advisory, Public Relations, and...
Bio-Clean International ties up with Kyrgyz Alumina Inc. for mining operation
Bio-Clean International, Inc. announced that the Company has entered into a Joint Venture agreement with Kyrgyz Alumina Inc., a Nevada Corporation. Under this agreement, the two corporations will form a new limited liability corporation which will seek to acquire mining interests, ore and mineral...
The answer to poverty in Odissa lies in its mining reserves: President, Vedanta
In a recently held seminar by the Indian Institute of Chemical Engineers on the “Prospects of Alumina and Aluminium Industry in Odisha” many eminent Scientists, Academicians, Engineers and Industry Houses interacted on the importance of Bauxite, Alumina & Aluminium for the development of Odisha....
Work at SouthGobi mine to be 'Entirely Curtailed'
Work at SouthGobi Resources Ltd.'s flagship Ovoot Tolgoi Mine will be "entirely curtailed" at the end of the second quarter, the coal miner said Tuesday, raising uncertainty for Aluminium Corp. of China Ltd.'s bid to buy a controlling stake in the Mongolia-focused miner. State backed Aluminium...
Dominican Republic eyes US$320 million in ten years from bauxite exports
Dominican Republic will receive US$40 million in one year of the more than US$320 million projected for the next 10 years, as bauxite exports resume from Cabo Rojo, Pedernales province, to North America and China. The mine will export 90,000 tons of ore monthly, of which around 13,700 are ready to...
Tough time for Bauxite miners in Gujarat
After the state government restricted fresh issuance and renewal of lease for mining in the state, bauxite miners in Porbandar area of Gujarat are facing tough times. According to industry sources, over Rs 1,000 crore worth of investments of bauxite miners are believed to have been blocked due to...
Small Scale Miners assured Support by Tanzanian govt
The Tanzanin government will continue to support small scale miners and address various challenges they are facing including lack of equipment and reliable markets. The Minister for Energy and Minerals, Prof Sospeter Muhongo, said this during talks with representatives of small scale miners here on...
Residents unite to fight bauxite mine plans in West Australia
Residents angry about plans to explore for bauxite in the South West have vowed to fight a bid to push ahead with the proposal, saying it puts some of WA's most productive farmland at risk. Chinese-backed Bauxite Resources Ltd got a red light this month from the WA Mining Warden to its application...
UBS cuts BHP and Rio's Profit by 4%
UBS AG downgraded BHP Billiton Ltd. (BHP) and Rio Tinto Ltd. (RIO)’s earnings estimates by 4 percent due to Australia’s mining and carbon taxes. BHP will pay $715 million in mining tax and A$300 million ($302 million) in carbon tax in the year ending June 30, 2013, UBS analyst Glyn Lawcock said in...
Recommendation of bauxite license rejection in SW has environmental significance
The WA Greens say the Mining Warden's recommendation that three licences for bauxite exploration in the south-west should be rejected is a step towards protecting the region from all forms of mining. The State Government is deciding whether to grant three licences for bauxite exploration to Bauxite...
Russia's January-May Aluminum, Nickel, Zinc Output Up, Copper Down
Russia's primary aluminum output in January-May increased by 2.5% compared with the corresponding period last year, the federal statistics service reported Wednesday. The statistics service does not give non-ferrous metals output volumes in tonnages, only the percentage change. Russia's nickel...
Rusal to modernise Yaroslavsk Mining Company
UC Rusal is to spend RUS100M ($3M) to modernise its Yaroslavsk Mining Company (Yaroslavsk GRK). Rusal will use the money to refurbish existing equipment and buy new machinery. The funds will also be spent on carrying out stripping operations to guarantee the stable operation of the Yaroslavsk GRK...
Greens MLA applauds bauxite mine rejection
West Australian Greens MLA Giz Watson has applauded a move by the state's Mining Warden's Court to reject three bauxite exploration licenses in the tourist-haven southwest region. Perth-based Bauxite Resources, which has already been granted exploration licenses over 59 tenements in the state's...
