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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Aziana trades near IPO price in first month on ASX, targeting bauxite in Madagascar
Aziana, a gold and bauxite focused explorer, has performed well in its first month as a public listed company on the ASX. Shares have traded as high as $0.25, with the stock most recently changing hands at $0.22, which is only a couple of cents shy of the $0.25 entry price - where 50 million shares...
Nalco yet to make headway on Orissa expansion
Nalco awaits allotment of land and water from the Orissa government. State-owned National Aluminium Company Limited (Nalco) is still awaiting allotment of land and water by the Orissa government for its proposed 0.5-million tonne aluminium smelter plant involving an estimated investment of Rs...
Reds warn against bauxite mining
Maoists warned the governments in the state and the Centre against going ahead with bauxite mining in the Agency area and said they would fight to protect the interests of the tribals. The rebels held a meeting in GK Veedhi-Koyyuru border as part of their 11th PLGA annual weekly celebrations here...
Vedanta seeks coal mines overseas, to participate in India auction
India focused miner Vedanta Resources has said it is keen to acquire coal mines overseas, including inking long term off take agreements. The company intends to bid for coal mines in India, to get things off the ground. "We are looking at coal assets subject to government policy. India has ample...
Draft mining policy to help in faster clearances
India's new draft mining policy is ready to ensure that the local communities are also benefited from the activity, a top official said Tuesday. G. Srinivas, joint secretary in the union mines ministry, said the new policy would also help in getting faster clearances for mining. Addressing the...
Expert panel to make second visit to Agency areas
The expert committee formed by the Union Ministry of Forests and Environment is making its second visit to the two areas in Visakha Agency that have been identified for bauxite mining, from December 20 to 22. The committee is headed by former Director General of Forests J.C. Kala, who was former...
Govt finalising Mission Plan on aluminium
The Government is in the advanced stages of finalising a ‘Mission Plan' for aluminium to enhance per capita consumption of the metal in India and facilitate better exploitation of bauxite and coal resources. Mr Vishwapati Trivedi, Secretary, Ministry of Mines, said the Mission Plan, when finalised,...
'Coal, environment issues could impact aluminium production'
Issues concerning allocation of coal blocks and environmental clearances may pose a threat to achieve the expected production levels of aluminium in the 12th plan, a senior official of the Ministry of Mines said. G Srinivas, Joint Secretary of Ministry of Mines said, the current production of...
Venezuela mining showing signs of growth -Camiven
BNamericas cited Mr Luis Rojas president of Venezuela's mining chamber Camiven as saying that mining is showing signs of recovery during Q4. Mr Rojas said that the rebound is most evident in non metallic mining but it's also noticeable in that Ferrominera Orinoco has been producing a bit more iron...
Immense mineral wealth waits to be discovered
Dr Samar Mubarakmand renowned scientist said that Pakistan is very fortunate and blessed with natural resources, we are sitting on the wealth of huge deposits of coal, copper, gold, silver, iron ore, lead, zinc, chromites and bauxite. Large gas fields and oil deposits may be lying under ground...
Ghana to deal with illegal mining, logging
Ghana is making a strategy to deal with illegal mining and logging which poses a grave environmental, health and security risk to the country, Minister of Lands and Natural Resources Mike Allen Hammah said here on Wednesday. Speaking at a workshop to develop a framework for artisanal and...
Refinery sets target date for plant
Orbite Aluminae Inc., with an ambition to supply Quebec aluminum smelters with half their intermediate alumina material by 2020, will soon freeze the design of its planned commercial process plant and aim at a 2013-2014 start-up, CEO Richard Boudreault said on Wednesday. Orbite plans to convert...
Guinea’s Bauxite Production Rises in Nine Months
Bauxite production in Guinea, the world’s biggest exporter of the ore, increased 5 percent to 12.7 million metric tons in the first nine months of 2011. This was said in a statement handed to reporters today in Conakry, the capital by the Finance Ministry.
Orbite CEO touts ‘disruptive technology' with Alumina-polymetallic project in Quebec
After years of tests, including trials at a pilot plant, Orbite Aluminae (TSX: ORT) trotted out a scoping study that, for the first time, put meat to the bones of a patented process that it claims revolutionizes the extraction of alumina and other metals from aluminous ores. "We have a disruptive...
Trading of Orbite Aluminae shares halted on Tuesday
Trading in the shares of Orbite Aluminae Inc., developer of the Grande Vallée aluminous clay deposits in Quebec’s Gaspé region, was halted Tuesday after the firm released a favourable Preliminary Economic Statement. The PEA (scoping study) broadly assesses if a mining or industrial project could be...
China firm plans bauxite processing plant in Kratie
China's Erdos Hongjun planned to build a bauxite processing plant in Kratie province as part of the company’s US$1.5 billion venture in the Kingdom’s northeast, provincial officials said yesterday. The plant would serve Erdos’s mine in neighbouring Mondulkiri, an exploration licence for which was...
First Bauxite Announces Signing of Mineral Agreement With the Government of Guyana Bauxite Project and the Receipt of Environmental Permit to Mine Deposits
First Bauxite Corporation is pleased to announce that it has signed a bilateral mineral agreement between the Government of Guyana and the Company and its local operating subsidiary, Guyana Industrial Minerals Inc., for the operation of the Bonasika Bauxite Project in Guyana, South America. The...
NALCO battling crisis on Bauxite,refinery fronts
Citing impediments on the way of the firm's progress,Mines Minister Dinsha Patel said Utkal E block with 67.4 million tonnes reserves alloted by the Coal Ministry in 2004 could not be developed so far for want of land acquisition by state government. Also, investment to tune of Rs 6,500 crore for...
