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...
Grow with
AL Circle
Fiji earns $20M from Bua Bauxite mining
$US20 million has come into the country of Fiji through the bauxite mining operation in Bua. Aurum Explorations Fiji Limited’s mine manager Vanuaca Basilio said this is in terms of taxes and wages paid to government and wages paid to the employees. He said $2.5 million has also been paid to the...
BHP may sell Guinea Alumina stake
BHP Billiton may sell its 33.3 per cent stake in Guinea Alumina, as its joint-venture partners seek ways to advance a multi-billion dollar project to mine and process bauxite in Guinea that has suffered repeated delays. It comes as BHP overhauls its international mining assets to focus on...
Nalco likely to gain access to Orissa bauxite reserves
After waiting some 20 years, India’s largest integrated aluminium refiner, the National Aluminium Company Limited (Nalco), was likely to gain access to the 75-million tons of bauxite reserve at Pattangi, in Orissa. In a communication with the company, the government of Orissa indicated that it had...
Stop bauxite mining to save eco-system, says expert
Ecological balance is crucial to sustainable development and unless the government and people themselves stick to stringent norms of not violating the eco-norms, it will be a planet difficult to live on said speakers at awareness programme for faculty members of PVP Institute of Technology. The...
Aurukun bauxite mine is open for lease
The lease for the Aurukun bauxite mine will be put on the market again but this time around the successful bidder won't have to build a new refinery. The tender for the new bauxite mine and alumina refinery had been won by Chinese company Chalco in 2007, but the deal folded in July 2011 because...
Alcoa Bauxite Mine goes for natural Reforestation
Alcoa is using a new, natural method for reforestation at its Juruti bauxite mine in Brazil that is efficient, cost effective and sustainable. The technique is based on the theory of nucleation, where small dense nuclei of plants and animals facilitate the arrival of other species. At Juruti, birds...
Essar-Hindalco, Reliance Power gets conditional aproval for mining in coal blocks in Madhya Pradesh
An empowered group of ministers (EGoM) on Wednesday gave Reliance Power and Essar-Hindalco the go-ahead to start mining at two coal blocks allotted to them, albeit with some riders. The approvals were for Reliance Power to start mining coal from the Chhatrasal block and for Essar-Hindalco to start...
Rio Tinto Alcan and the CSIRO to start a project to map climate change impact
Mining giant Rio Tinto Alcan and the CSIRO say they are embarking on a million-dollar project to measure the effects of climate change on the Great Barrier Reef off Queensland. The Future Reef Map project will involve the installation of an ocean sensor on a Rio Tinto ship, which regularly travels...
First Bauxite Corporation Announces Appointment of New Director and Option Grant
First Bauxite Corporation announces that it has further strengthened its Board of Directors with the appointment of Mr. John W. Hick as a Director and Chairman. Mr. Ioannis (Yannis) Tsitos has stepped down from the position of Interim Chairman to enable Mr. Hick to assume the Chairman role, but...
China considers on deep-sea mining technology
Commercial deep-sea mining by China of polymetallic nodules that contain copper, nickel and cobalt among other key minerals, can begin as early as 2030, according to the former head of the State Oceanic Administration. "With the improvement in deep-sea technology, metal resources under the ocean...
Bauxite miner makes traditional visit in Bua
Bauxite mining company Aurum Exploration last week led a traditional visit to chiefs in Bua on Vanua Levu seeking their blessings for the bauxite loading already in progress in the area. Bauxite mine manager Basilio Vanuaca said the traditional visit was made to the chiefs, qoliqoli (fishing...
Ex-Aluminex director caught in a court case
The former director of Aluminex Resources Limited has been charged with providing false information to the Australian Securities Exchange. David Alan Zohar, of Inglewood, appeared in the Perth Magistrate’s Court last week accused of misleading the ASX in relation to his company’s ability to meet...
Increased Regional Demand for Aluminum to Boost Bauxite Production
Reportlinker.com announces that a new market research report is available in its catalogue: GBI Research’s new report, ‘Bauxite Mining Market in Asia-Pacific to 2020 - Increased Regional Demand for Aluminum to Boost Bauxite Production’ provides key information and analysis for the Asia-Pacific...
Odisha and Andhra Pradesh Bauxite Mining might face a Total Ban
The rich bauxite resources of Odisha and Andhra Pradesh might not see the light of the day if Union tribal minister V Kishore Deo has his way. Bauxite mining in Odisha and Andhra Pradesh faces an uncertain future with Union tribal minister V Kishore Deo shooting off a letter recently to ESL...
Australia Environment Minister Cautious Over Rio's Bauxite Expansion
Australia's federal environment minister said Thursday that he wouldn't apologize for his caution over a proposal by Rio Tinto PLC (RIO) to expand its bauxite mining operations in Queensland state. A word of words has erupted between the Labor Party's Tony Burke and Queensland's Liberal National...
Weipa bauxite project gets conditional approval from Queensland Government
RIO Tinto Alcan's $1.45 billion bauxite project near Weipa has been approved by the State Government but faces a more rigorous assessment before it can proceed, Federal Environment Minister Tony Burke warns. The South of Embley venture will generate more than 2000 jobs and extend the life of...
Alumina Limited Rating Increased to Neutral at Goldman Sachs
Alumina Limited (NYSE: AWC) was upgraded by Goldman Sachs (NYSE: GS) from a “sell” rating to a “neutral” rating in a research note issued on Tuesday. Alumina Limited traded down 6.68% on Tuesday, hitting $3.49. Alumina Limited has a 1-year low of $3.48 and a 1-year high of $9.92. The company has a...
Alecto Minerals Raises £1,472,500 for drilling and exploration
Alecto Minerals plc, the AIM listed multi-commodity exploration and development company with projects in Ethiopia, Mauritania, and the right to acquire a highly prospective bauxite asset in Guinea,announces that it has raised £1,472,500 by way of a placing of 95,000,000 New Ordinary Shares at 1.55p...
