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
Update - Bauxite mining proposal in AP shelved, says Minister
The proposal to allow bauxite mining in the eastern ghats of Visakhapatnam district has been shelved for good and there need not be any apprehensions on the count, asserted Mr Kishore Chandra Deo, Union Minister for Tribal Welfare, here on Sunday. He made the assertion at a press meet here on...
Centre to give green signal for bauxite mining?
Tribal people and non-government organisations in the district are apprehensive that the bauxite mining project will be cleared by the environment and forests without a proper study on the impact in Anantagiri and Araku mandals in the Agency areas of Visakhapatnam district.Tribal Cultural Research...
Orbite to Announce Preliminary Economic Assessment for the Planned Metallurgical Alumina Plant in Gaspesian Region of Quebec
Orbite Aluminae Inc. will announce the results of the preliminary economic assessment (PEA) prepared by Genivar Inc. for its planned metallurgical grade alumina plant, on Tuesday morning November 29, 2011. The Company will host a webcast conference call on Tuesday, November 29, 2011 at 10:30 AM EST...
United Company RUSAL : USAL senior management team officially visits the Republic of Sierra Leone
UC RUSAL,the world's largest aluminium producer, is pleased to report on its senior management teams' recent official visit to the Republic of Sierra Leone, to explore new business development opportunities within the country. During the visit, the delegation discussed the possibility of the...
Canadian company to mine bauxite in Guyana
A Canadian company has signed an agreement with Guyana to mine bauxite in a western region of the country. Prime Minister Samuel Hinds says the First Bauxite Corporation of Vancouver expects to mine more than 12 million tons (11 million metric tons) of refractory bauxite in unexplored deposits in...
Tailings dump health fears
RESIDENTS in Mandogalup and Hope Valley are in limbo, unsure whether they can live safely in their homes that are close to mining giant Alcoa’s tailings area. Many of their properties now fall within a 1.5km buffer extension and 500m transition zone around the tailings area, put into place by the...
Growth in Economy - Mining On the Move
Mining and quarrying saw the most growth of all sectors in the economy during the July to September quarter of 2011, with an increase of 7.5 per cent. This growth contributed to the economy growing by 0.5 per cent for the quarter under review. It is also projected that the economy will grow by...
Rio Tinto receives Canadian Competition Bureau clearance for its offer for Hathor Exploration
Rio Tinto today received Canadian Competition Bureau clearance for its offer, made through an indirect wholly-owned Canadian subsidiary, to acquire all the common shares of Hathor Exploration Limited ("Hathor") for C$4.70 in cash per common share. The Commissioner of Competition issued a "no action...
Ghana Producer-Price Inflation Rate Fell to 16.8% in October
Ghana’s producer-price inflation rate fell for the first month in October as mining and quarrying costs decreased. Inflation eased to 16.8 percent from 19.6 percent a month earlier, Grace Bediako, head of the Ghana Statistical Service, told reporters in Accra, the capital, today. Prices fell 0.9...
Australia's mining tax bill excludes bauxite: aluminum council
Australia's planned mining tax, passed by the lower house of parliament in the early hours of Wednesday, will not apply to bauxite, although authorities had earlier intended to include the aluminum ore, Australian Aluminium Council spokesman Miles Prosser said Wednesday. Having passed the lower...
Alcoa Recognized as a Model of Sustainability in Brazil
Alcoa (NYSE: AA - News) has been recognized as one of 21 model companies in Sustainability in Brazil by Exame, a well-known Brazilian business magazine, which publishes the country’s prestigious annual survey on corporate social responsibility. This is the sixth time Alcoa was recognized for its...
Minmetals eyes Bauxite Alumina deals
Bloomberg reported that Minmetals Resources Limited, backed by China's biggest metals trader, is transforming companies from Mirabela Nickel Limited to Alumina Limited into takeover targets as it eyes a total of USD 7 billion of deals including bauxite and alumina deals. Mirabela, which controls...
Bauxite Reserves More than 0.7 Billion Tons in Guangxi
Xiao Jiangang, the director of Department of Land and Resources of Guangxi figured out there were more than 0.7 billion tons of proven bauxite in Guangxi.With other regions still in the process of being investigated,the reserves will reach over 1 billion tons. It is learned that bauxite in Guangxi...
Alcoa names new COO of Global Primary Products
Aluminum maker Alcoa is shuffling some executives in its Global Primary Products business and its Investor Relations function with all the moves effective Dec. 1. William Oplinger was named chief operating officer of Global Primary Products where he will oversee the company’s bauxite mining,...
Aziana advances exploration at bauxite project in Madagascar
Recently listed Aziana is making solid progress at the Manantenina Bauxite Project in Madagascar where seven teams are undergoing exploration, just four months since commencing its IPO. Early work from the Manantenina Bauxite Project, which includes over 3,000 samples from 459 test pits, has...
Fiji readies for first bauxite exports
The Fiji interim government says its first exports of bauxite will be ready by January or February next year. The mineral is being exported to China. The mine at Nawailevu in Vanua Levu was opened a week ago by the interim prime minister, Commodore Frank Bainimarama.He told guests the mine was a...
$1.000 Billion Worth of Raw Metals
It is estimated that the value of sites of metals on Kosovo overcomes the amount of $1.000 billion. Corporate experts for raw metals and minerals have announced in the end of 2008 the estimated reports of reserves: The mine "Grebnik" south from Glina, has for a fact 1.700.000 tons of bauxite...
Against bauxite mining: Jairam
While serious efforts are being made to push through the bauxite mining project in the Visakha Agency, Union minister for rural development Jairam Ramesh said he was against bauxite mining. Ramesh said he was against not only bauxite, but any mining that leads to destruction of natural habitat and...
