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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Government Committed to Revitalising the Bauxite/Alumina Industry - Paulwell
Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell, says the government is committed to revitalising the local bauxite/alumina industry, which has been ailing for some time. “This sector is very important to us as a nation, not only for the revenue that it can bring, but in...
Vietinbank to loan US$100 million for mining
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) on January 19 signed an agreement to provide a VND2.1 trillion (US$100 million) loan for the Nhan Co Alumina mining project in the central highland province of Dak Nong. The bank has inked a credit contract with the Vietnam...
New alert over Rio Tinto threat to Great Barrier Reef
RIO Tinto's $1.4 billion bauxite mine expansion on Cape York has become the latest flash point over the threats caused by increased shipping in the Great Barrier Reef due to the mining boom. The federal government has been forced to reopen consideration of Rio Tinto's South of Embley project and...
Mr.V. Kishore Chandra Deo opposes bauxite mining in vizag agency
The Union minister for tribal affairs and panchayat raj, Mr V. Kishore Chandra Deo, vehemently opposed the proposed bauxite mining in the Visakha-patnam Agency by state government. Such projects can only benefit individuals but not tribals, he opined. The Union minister for tribal affairs and...
Mr.V. Kishore Chandra Deo opposes bauxite mining in vizag agency
The Union minister for tribal affairs and panchayat raj, Mr V. Kishore Chandra Deo, vehemently opposed the proposed bauxite mining in the Visakha-patnam Agency by state government. Such projects can only benefit individuals but not tribals, he opined. The Union minister for tribal affairs and...
‘Exercise caution on bauxite mining'
Minister for Forests, Environment, Science and Technology Satrucharla Vijayarama Raju on Wednesday said any decision on bauxite mining in the Agency should be taken only after addressing the concerns of all stakeholders, including tribal people. The Minister inaugurated some development works and...
No mining rush: Minister
The environment and forest minister, Mr Satru-charla Vijayaramaraju, said that government will not go ahead on the proposed bauxite-mining project in the Visakhapatnam Agency without considering the opinions of locals and environmentalists besides a proper study on the impact of mining on the...
BHP hints that earnings expectations may be too high
BHP Billiton has used the platform of its December-half production report to remind the market that its nickel and aluminium divisions are not immune from the squeeze on profits caused by sharp declines in the metals' prices. The subtle warning that the market's earnings expectations for the two...
Aluminum losses expected to curtail Rio Tinto profits from iron ore in 2011
Record iron ore production is expected to boost Rio Tinto's profits for 2011 even though the mining giant signalled Tuesday that its aluminum operations lost money in the second half of last year. The Anglo-Australian miner said it produced a record 65 million tonnes of iron ore in the fourth...
Chinalco Obtained Project Approval of Hedong Bauxite Miner's Right
Department of Land and Resources of Henan Province published that Chinalco obtained the project approval of Hedong Bauxite Miner's Right. It is learned that this bauxite was located in Baofeng County, Ping Dingshan City, Henan Province with 100 thousand ton/year of production scale. Chinalco Henan...
Aluminum Ore Mining in China
China is relatively poor in bauxite ore reserves and resources, with China's total bauxite ore exploration accounting for less than 10% of the global total. With China's rapid economic development and domestic bauxite supply shortages, the Aluminum Ore Mining industry has been importing large...
Bauxite mine generates income for many
APART from being an employment provider for most people in the Northern Division, the bauxite mine in Bua also generated farming ideas for villagers. The villagers of Nawailevu and nearby villages have embarked on vegetable farming not only for their own use but for commercial purposes as well. Bua...
Chinalco plans to raise USD 1 billion through IPO
China's top aluminum producer Aluminum Corporation of China Ltd. is looking to raise USD 1 billion by listing its Peru based Toromocho copper mine assets in Hong Kong in the first half of this year. According to a company source, market watchers worry the lackluster market conditions in Hong Kong...
Chinalco plans to raise USD 1 billion through IPO
China's top aluminum producer Aluminum Corporation of China Ltd. is looking to raise USD 1 billion by listing its Peru based Toromocho copper mine assets in Hong Kong in the first half of this year. According to a company source, market watchers worry the lackluster market conditions in Hong Kong...
Maoists ask legislators to oppose bauxite mining
Hyderabad: Maoists Wednesday urged legislators in Andhra Pradesh to pass a resolution opposing the proposed bauxite mining in tribal areas. The banned Communist Party of India-Maoist has put up banners and posters and distributed pamphlets in some villages of Choudupalli tribal area asking the...
Maoists up in arms against mining project in tribal areas
Maoists have stepped up their campaign against the proposed bauxite mining in north coastal Andhra Pradesh, with the extremists asking lawmakers to pass a resolution in the state Legislative Assembly pledging not to take up mining in the tribal areas. The outlawed outfit, CPI (Maoist), put up...
Guinea mines ministry seeks consultants to fix bauxite price
According to a tender published on Guineenews.org, Guinea’s mines ministry issued a call for consultants for its plan to establish a market price for sales of bauxite. The notice said that West African nation wants to set a selling price of bauxite applicable to companies in Guinea. According to...
BUA bauxite mining project inspection
THE inspection of the progress of work at the bauxite mining project in Bua will be conducted tomorrow by the Department of Mineral Resources. Director Mineral Resources Malakai Finau said yesterday officials would visit the site at Nawailevu for inspection of the jetty and the digging of the...
