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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Queensland's Government moves to review Wild Rivers laws
The State Government says there is no guarantee a bauxite mine proposal for Queensland's Cape York Peninsula would go ahead if Wild Rivers legislation is overturned. The Liberal National Party (LNP) committed to winding back the laws as part of its first 100 days in government plan. Resource...
AP: Tribal minister wants ban on bauxite mining
Union Tribal Welfare Minister V. Kishore Chandra Deo's letter to Andhra Pradesh Governor E.S.L. Narasimhan seeking his intervention in stopping of bauxite mining in the tribal areas of Vizianagaram and Visakhapatnam districts has created ripples in the state political circles. The mining of bauxite...
Bauxite mining should stop in Eastern Ghats, Union Tribal minister writes to Andhra governor
Union Tribal Welfare Minister V. Kishore Chandra Deo's letter to Andhra Pradesh Governor E.S.L. Narasimhan seeking his intervention in stopping of bauxite mining in the tribal areas of Vizianagaram and Visakhapatnam districts has created ripples in the state political circles. The mining of bauxite...
Chalco says to buy 29.9 pct of Winsway Coking Coal for $308 mln
Aluminum Corp of China Ltd said it has agreed to buy 29.9 percent of imported coking coal supplier Winsway Coking Coal Holdings Ltd for HK$2.39 billion ($307.92 million) to strengthen its downstream logistics operations. In a filing to the Hong Kong stock exchange late on Monday, the China's top...
TWO more districts in the province of Bua have been identified for bauxite mining
TWO more districts in the province of Bua have been identified for bauxite mining, says Commissioner Northern Lieutenant Colonel Ilai Moceica. He said the districts of Nasarawaqa and Wainunu have been marked for mining operations. "Nawailevu bauxite mining has a lease of 22 years with three years...
NFC Completes Bauxite Field Exploration in Laos
China Non-ferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. (NFC) released the 2011 annual report on April 13, saying that NFC International Alumina Development Company and Kaifeng Resources Holdings Limited, two companies controlled by NFC, have completed the bauxite field...
Chalco takeover bid in jeopardy
Coal miner SouthGobi Resources (1878) saw its shares plunge after the Mongolian government suspended its licenses, sparking fears the move may scupper a takeover bid by the Aluminium Corp of China (2600), or Chalco. Earlier this month, state-run Chalco agreed to pay US$926 million (HK$7.22 billion)...
Environment ministerNatarajan stops fresh Vedanta bid to mine Niyamgiri hills
Environment and forests minister Jayanthi Natarajan nixed yet another attempt by Vedanta to get Niyamgiri bauxite mines in Odisha that Rahul Gandhi had stood up against, saving the Congress and its scion some blushes. On Tuesday, she ordered that the preliminary nod given by her ministry to the...
Canadian miner SouthGobi Resources Ltd’s Hong Kong shares fall on fear of failed takeover
Canadian coal miner SouthGobi Resources Ltd’s Hong Kong shares plunged on Tuesday on concerns the Mongolian government may scupper a bid by top Chinese aluminium maker Chalco to buy a controlling stake in it. Earlier this month, state-run Aluminium Corp of China Ltd, known as Chalco, agreed to pay...
Clay samples from the Grande-Vallee contain Rare Earth Elements ("REE") and Rare Metal Elements ("RM") with Alumina: Orbite confirms
Orbite Aluminae Inc. is pleased to announce that recently completed assays of clay samples from the Grande-Vallee Marin Sector support the correlation between and association of potentially high-value rare earth elements ("REE") and rare metal elements ("RM") with alumina. These samples were taken...
Indonesia plans to ban exports of unprocessed metal ores including bauxite from May
Indonesia, Southeast Asia’s largest economy, will proceed with a plan to ban exports of unprocessed metal ores including bauxite from May 1, while confirming an exemption for producers that intend to treat output locally. “If miners don’t have the business plan they will be prohibited from...
South Africans are Boosting Bauxite Production in Guinea, a Rich Reserve for Bauxite
South Africans are spearheading a new bauxite thrust in Guinea, which hosts a quarter of the world’s bauxite reserves. Adonis Pouroulis, better known as the initiator of Petra Diamonds – now listed on the main board of the London Stock Exchange – is leading Alufer Mining Limited’s thrust from...
Solid first quarter production for Rio Tinto
Rio Tinto has reported a solid first quarter of 2012, with production of iron ore, coal, bauxite, alumina and titanium dioxide all rising compared with a year ago. Releasing its operations review for the first quarter of 2012, the diversified mining company reported first quarter global iron ore...
Alufer Mining is raising US$40 million for a listing on the AIM market
Alufer Mining is laying the groundwork for a listing on the AIM market that will value the Guinea-focused bauxite specialist at between US$150 and US$200 million. As part of the float, which is expected to take place in the next four to five weeks, the company is raising US$40 million. The cash...
Hindalco's Utkal Alumina refinery to start production by Dec
The Utkal Alumina project, a 1.5 million tonne per annum (mtpa) alumina refinery plant being set up by AV Birla owned Hindalco Industries at Kashipur in south Odisha's Rayagada district, is set to go into production by December this year. “Around 85 per cent of the construction work for the Rs...
Tribal minister opposes proposal
Over two lakh tribals are expected to be adversely affected due to the two aluminium plants coming up in the tribal areas of Vishakhapatnam district in Andhra Pradesh. Union minister for tribal affairs and panchayat-raj Kishore Chandra Deo warns against widespread unrest in this areas as these...
Situation in Montenegro's Bauxite Mines getting worse
The situation in the Bauxite Mines is getting worse, after its electricity supply was cut off on Monday, and since it could be disconnected from the water distribution network in two days. According to unofficial information, the company s electricity debt, which has been accumulated for several...
Guyana Creates Bauxite Development Unit
With increasing demand for Guyana’s bauxite, the country’s government has established a Bauxite Development Unit within the Guyana Geology and Mines Commission. The unit will coordinate, oversee and assist in making recommendations on all aspects pertinent to bauxite resources in Guyana, from...
