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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Prime Minister urges bauxite workers to focus on the resurgence of bauxite mining operations
Prime Minister, Samuel Hinds has urged bauxite workers to avoid conflicts and capitalize on the resurgence of bauxite mining operations. He noted that jobs and good wages come from profitable companies. It is the prime minister’s view that the decisions taken by government in relation to the...
Supreme Court to expedite hearing of Orissa's plea on Vedanta group's firm Sterlite
The Supreme Court today agreed to expedite its hearing of Orissa Government's appeal against the Centre's decision to withdraw its environmental clearance to Vedanta group firm Sterlite for its bauxite mining project in Niyamgiri Hills. A special forest bench of justices K S Radhakrishnan and C K...
Nalco pleads mechanism for use of periphery fund
National Aluminium Company Ltd (Nalco) has raised concern over provision for utilisation of 26 per cent profit earned by mining companies for affected people envisaged in the Mines & Minerals (Development & Regulation) Bill. It has stressed on developing a robust mechanism to ensure optimum...
SC to decide on Vedanta appeal on Niyamgiri hill mining site
The leaders of thousands of forest-dwelling tribesmen who have fought for years to preserve their ancestral lands from exploitation by an international mining corporation have promised to continue their struggle whatever the decision in a key hearing before the Supreme Court today. Dubbed the “real...
Ghana: Bauxite Sector Deserted -Third World Network (TWN)
Bauxite, though contributes about one percent of the total mineral export receipts for the country, has the potential of becoming Ghana's second most important mineral after gold. For this reason, the Third World Network-Ghana (TWN) in October, 2010 commissioned a study to examine the...
Nalco all set to clinch bauxite sourcing deal from Gujarat
Nalco is poised to clinch a crucial deal for bauxite sourcing from Gujarat. Its negotiations with Gujarat Minerals Development Corporation (GMDC) reached the “final stage”, the CMD of Nalco, Mr B.L. Bagra, told Business Line. The GMDC board recently approved the arrangement for sourcing through a...
UPDATE 1-China's Chalco seeks Ivanhoe's South Gobi stake for $926 mln
China's aluminum producer Chalco has agreed to buy Ivanhoe Mining Ltd's controlling stake in Mongolian-focused coal miner SouthGobi Resources for $926 million, as the Chinese state company diversifies into other resources in the face of tough aluminium market. Aluminium Corp of China Ltd (Chalco)...
Study recommends government policy on mining
A study into the mining of bauxite in Ghana has recommended government policy that makes it mandatory for foreign companies that want to mine the resource to establish a refinery plant. This would help maximise the potential in the sector. It said while most foreign companies that had held equity...
Mining Minister Focuses on Limestone
Minister of Science, Technology, Energy and Mining (STEM), Hon. Phillip Paulwell, while seeking to restore the bauxite and alumina industry to its pre-eminent position, has his eyes sharply focused on “unleashing the potential of Jamaica’s limestone." During his recent introductory meeting with the...
Russia needs clean end to Norilsk battle
The most surprising aspect of the all-in wrestling match between Russia’s Vladimir Potanin and Oleg Deripaska for control of the world’s biggest nickel producer is that the Kremlin has not stepped in to sort it out. With its tangle of lawsuits, disputed share buybacks and opaque sales of shares to...
Bosai’s dust collector 90% completed
The management of Bosai Minerals Group Guyana Incorporated says its dust collector is about 90 percent completed as the company seeks to reduce dust emissions from its kiln dryers in Linden. The bauxite company has been working with the Environmental Protection Agency (EPA) and the Guyana Geology...
Rio Tinto in talks on Cape York mine approval
Mining company Rio Tinto Alcan says it has met with Federal Environment Minister Tony Burke to discuss new conditions on its proposed bauxite mine expansion in Queensland's Cape York. The company raised concerns after Mr Burke included the impact of shipping on the Great Barrier Reef as a...
Angola Bissau bauxite, port project on ice: officials
Angola's $500 million plan to build a bauxite mine and deepwater port in Guinea Bissau has stalled, with nearly no work done since the project was officially inaugurated in July 2011, officials said. The project, first signalled by Angola in 2008 after it won rights to a mining concession in the...
Deripaska ready to buy RUSAL's Norilsk stake: source
Russian tycoon Oleg Deripaska is ready to buy RUSAL's (0486.HK) 25 percent blocking stake in Norilsk Nickel (GMKN.MM) to resolve a shareholder dispute at the world's largest aluminium producer, a source close to the RUSAL board said on Monday. Deripaska's gambit seeks a way out of a row with...
Bauxite shipment on hold
A TOTAL of 40,000 tonnes of bauxite has been mined so far this year. However, XINFA Aurum Exploration Fiji has stockpiled the bauxite as engineers work at completing the Navakasiga Jetty. This was made known to a group of journalists, who visited Nawailevu Bauxite mine yesterday. The group was on a...
CEAC to give its position on Montenegro's request regarding KAP and Bauxite Mines by the end of the week
The Central European Aluminium Company is expected to give its position, by the end of the week, on the Government 's request to voluntarily transfer its shares in the Aluminium Plant Podgorica (KAP) and the Bauxite Mines to Montenegro, because of its failure to adhere to the Settlement Agreement....
Chalco Gains by Limit on China Market Investment: Shanghai Mover
Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, surged by its daily limit in Shanghai after reports the government will boost investments in the stock market and regulate rare-earth output. Aluminum Corp., known as Chalco, advanced 10 percent, the most since Jan. 17, to...
SLEMCO Chair Markets Sierra Leone in USA’s Bauxite Seminar
The Chairman of Sierra Leone Mining and Exploration Company (SLEMCO), Mr. Alieu Mohamed Sesay, is currently marketing Sierra Leone to investors from across the world, as investment friendly destination. At the 18th Bauxite and Alumina Seminar that took place in Miami, Florida, USA from 6th to 8th...
