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
NWU requests details on the future of bauxite
In Jamaica,The National Workers Union (NWU) has written to Mining Minister Clive Mullings requesting an update on future plans for the bauxite/alumina sector. The union, which represented workers who were displaced following the closure of mining plants at the height of the global financial crisis,...
Guinea to seek more changes to new mining code
Guinea's government plans to change a number of tax clauses in the West African state's newly adopted mining code after discussions with companies and investors, the mines minister said on Wednesday. The minister did not specify what changes would be made but said they were aimed at making the...
PM officiates at bauxite mine ceremony
FIJI'S first-ever bauxite mine was commissioned at Nawailevu in Bua following a groundbreaking ceremony on Tuesday. More than 200 jovial landowners, villagers, government officials and executives from the mining company Xinfa Aurum Exploration Fiji witnessed the historic event. Chief guest and...
Noranda Aluminum Stock To Go Ex-dividend Tomorrow (NOR)
The ex-dividend date for Noranda Aluminum (NYSE:NOR) is tomorrow, November 9, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.03 per share. At a price of $10.09 as of 9:30 a.m. ET, the dividend yield is 1.2%. The average volume for Noranda Aluminum has been...
Bauxite potential
BAUXITE mining is expected to become the largest economic booster for the Northern Division. The bauxite mine, said to be Fiji's first, was opened by Prime Minister Commodore Voreqe Bainimarama at Nawailevu in Bua yesterday and is poised to rake in further investments into the country. Australian...
$1M paid to Bua landowners so far for bauxite mine
Bauxite mining starts in Nawailevu, Bua, from today and huge benefits are expected for the people of the Bua province and the country’s economy as a whole. As Prime Minister Commodore Voreqe Bainimarama gets ready to open the Aurum Exploration Mine in Bua, deputy secretary for Lands Pene...
China’s Minmetals Resources Scrambles To Extend Life of Mines, Eyes Mirabela Nickel, Alumina
Scrambling to extend the life of its mines, four of which are set to conclude by 2020, China's Minmetals Resources Ltd. is on the prowl to acquire Australia-based miners Mirabela Nickel Ltd. and Alumina Ltd., with a $7 billion to boot to capture the two companies' nickel, bauxite and alumina...
Aziana targets gold and bauxite in Madagascar, admitted to ASX
Aziana (ASX: AZK), a Madagascar-focused gold and bauxite explorer, has been admitted to the ASX this week following a successful initial public offer of up to 50 million shares at A$0.25 to raise up to $12.5 million. The company will have 93.6 million shares and 46.8 million options on issue when...
Mirabela Takeover Seen With Minmetals Chasing Nickel: Real M&A
Minmetals Resources Ltd. (1208), backed by China’s biggest metals trader, is transforming companies from Mirabela Nickel Ltd. (MBN) to Alumina Ltd. into takeover targets as it eyes $7 billion of nickel, bauxite and alumina deals. Minmetals, which agreed a month ago to buy copper producer Anvil...
CC and Bakers advice on financing for flagship $10.8bn Saudi project
Clifford Chance (CC) and Baker & McKenzie have advised on the second phase of financing for a $10.8bn (£6.8bn) aluminium development in Saudi Arabia. CC advised a consortium led by 15 banks, including the Arab National Bank and The Saudi Investment Bank, providing $2.15bn (£1.3bn) of financing for...
PM will open bauxite mine
Fiji’s first bauxite mine is expected to be in operation soon. Mining by Aurum Exploration Fiji Limited will begin next Tuesday at Nawailevu, Bua, soon after the Prime Minister, Commodore Voreqe Bainimarama, commissioned its opening. The Prime Minister’s Office yesterday confirmed Commodore...
Guinea Bauxite Production
Guinea bauxite production was up 3.5 percent over the same period, according to a government report seen by Reuters. Guinea, the world's top exporter of bauxite which usually ships about 13 million tonnes a year, produced 11.2 million tonnes of the aluminium ore between January and August,...
Bauxite Resources boosts bauxite JORC Resources by 53% to 51.2m tonnes
Bauxite Resources (ASX: BAU) has delivered a maiden Indicated and Inferred bauxite JORC Resource of 17.8 million tonnes at 41.2 % Total Alumina 29.9% Available Alumina and 3.8% Reactive Silica at its Cardea 3 deposit. The deposit is within its northern Darling Range tenement area about 20...
Bosnia’s authorities release public invitation for exploitation of bauxite
Bosnia and Herzegovina released a public invitation for submitting offers for allocation of the concession for exploitation of the mineral resources of bauxite at the site of Jasenjani in Mostar. The reserves of bauxite ore at the site on Žovnica have been estimated at 19.000 metric tons and...
Strike affects bauxite transport in Ranchi's Lohardaga mines
Transportation of bauxite from Pakhar and Richughuta mines of Hindalco Industries Limited remained paralyzed for the second day on Sunday. Following a call of Motor Workers' Union and Truck Owners' Association of Pakhar and Richughuta mines, the drivers, helpers, truck owners, labourers have...
Update-Guinea bauxite exports resume after breakdown-CBG
Bauxite exports from Guinea' CBG have resumed, eight days after a breakdown blocked shipments from the West African state, the company told Reuters on Sunday. CBG, a joint-venture between Alcoa , Rio Tinto and the Guinean government, is the world's largest bauxite exporter company with annual...
Updated: Investigators to be dispatched to caved-in bauxite mine that killed one
There was a fatal accident in which one person died and another was critically injured after a bauxite mining pit at Aroaima caved in.The site belongs to Bauxite Company of Guyana Incorporated (BCGI), the local subsidiary of UC Rusal. Prime Minister Samuel Hinds said a team of investigators would...
Japan firm to explore bauxite on picturesque Mt. Mulanje
One of Malawi's touristic attractions earmarked as a world heritage centre is set to be explored for its bauxite and rare earth deposits. Malawi, looking for cash to finance its huge budget funded with local resources since several donors withdrew its aid, has granted a Japanese company to "conduct...
