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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RSB's Alumina project faces public protest in Orissa's Rayagada district
Rayagada seems to become the bauxite war zone again with tribals rising against RSB Metaltech's proposed refinery project in Kalyansinghpur Block. The tribal people expressed their anguish on 27 October 2011 by ransacking the public hearing camp in the proposed project area. The tribal community...
Alcoa Gets 50-Year Extension for Australia Coal Mining License
Alcoa Inc. (AA), the largest U.S. aluminum producer, received a 50-year extension to its coal mining license in Australia’s Victoria state, ensuring fuel to power its Point Henry aluminum smelter. Alcoa will be allowed to expand the size of its mine by 59 percent over the period to 665 hectares...
Bellzone, Anglo Aluminum ink Guinea infrastructure agreements
A memorandum of understanding signed between Aim-listed Bellzone and TSX-V-listed Anglo Aluminum Corporation would accelerate the development of resource projects in Guinea, Bellzone CEO Nik Zuks said on Monday. The infrastructure will be developed through Kalia Horizon Minerals (KHM), a CIF...
Suralco signs bauxite mining contract with Royal Boskalis
After 30 years, Suralco is to return to the Lelydorp 1 mine to mine the remaining 3 million tons of bauxite there. The company has recently signed a mining contract with the Dutch company Royal Boskalis Westminster NV for the development and exploitation of this mine. The contract’s value is 125...
Orissa gives nod to NALCO for new bauxite mine
Orissa has given its nod for leasing a new bauxite mine in the state's Koraput district to state owned National Aluminum Company Limited. Mr AMR Dalwai state Steel and Mines Secretary said that the state government has leased the Potangi bauxite mine to the company and recommended it to the central...
Nalco gets notice for non-execution of Panchpatmali mine
The Orissa government has sent a show cause notice to National Aluminium Company (Nalco), a Navratna public sector unit, on the non-commencement of work at the company’s Panchpatmali bauxite mine in Koraput district which has been not been operational since 2009. The company has been asked to reply...
Royal Boskalis Westminster acquires EUR 125 million contract in Surinam
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract for the mining of bauxite in Lelydorp nearby Paramaribo, Surinam. The contract value is approximately € 125 million and the contract was awarded by Suralco L.L.C., an indirect joint subsidiary of Alcoa Inc. and Alumina Ltd. Work...
Chinalco to buy 45 mln T of Mongolian coking coal
Aluminum Corp of China Ltd (Chinalco) , the country's top aluminium producer, will buy 15 million tonnes of coking coal per year from Mongolia's Tavan Tolgoi mine over the next three years, it said in a statement seen on Friday. Chinalco said it had signed the contract with state-owned Mongolian...
Indian Mineral output
India's production of minerals fell by 5.99 per cent in August vis-a-vis the previous month and was valued at Rs 13,378 crore, the government said today. "The total value of mineral production (excluding atomic and minor minerals) in the country during August, 2011, was Rs 13,378 crore," an...
Balaton Mining Project
Balaton Power Inc.announced today further details regarding its engagement of The Eversull Group for Financial Public Relations, Investor Relations and Shareholder Consulting Services. Jack Eversull, President of The Eversull Group, remarked, "One of our specialties is mining, precious metals and...
Sierra Leone: BauxiteIndustry Overview
The Mineral commodities produced included bauxite, cement, gold, and ilmenite. In 2010, bauxite production increased by 44% to 1.0 million metric tons (Mt) from 757,000 metric tons (t) in 2009. Netherlands-based Vimetco N.V. operated the country’s only bauxite mine. In December, the company decided...
Economic blockade against Hindalco in Lohardaga
The Gram Vikas Sangharsh Samiti, a committee of villagers of four panchayats, including Bagru, on Tuesday started an indefinite economic blockade on the Bagru-Lohardaga road accusing Hindalco of neglecting community development programmes. Hindalco is the leading bauxite company among the mine...
Central panels visit fuels tribals fears
The recent visit to the proposed bauxite mining areas of Araku Valley and Anantagiri mandals in the district by two members of a fourmember committee appointed by the Union ministry of environment and forests to study the impact of the project has made tribal people worried that the government is...
Update-Bauxite mine to be commissioned next month
The bauxite mine in Bua is expected to be commissioned next month. The confirmation was made to the Prime Minister Commodore Voreqe Bainimarama after he met with the President of Xinfa Group Zhang Xueixin - the company that will undertake the mining project. Xueixin also reconfirmed his invitation...
Govt firm on bauxite mining in Agency
In what could be seen as a fresh attempt to push through the bauxite mining project in Vizag Agency despite strong opposition from local tribals, rights groups and Maoists, the government is planning to conduct a public hearing by December this year. Sources said the government is firm on mining...
Alcoa creates new Latin America headquarters
Alcoa Inc. said Monday it is creating a new Latin America and Caribbean headquarters to help accelerate growth in the region. The aluminum producer said the division will be run by Franklin Feder, who becomes regional chief executive officer on Jan. 1. Feder was most recently Latin America and...
Bauxite Reserve of Henan Zhengzhou Reaches 0.26billion tons
Henan Zhengzhou is a city with the richest natural resources in China. Currently, there are proven reserves of 36 minerals including coal, bauxite, refractory clay etc. Proven reserve of coal is 7.208billion tons while refractory clay is 0.1billion tons. Bauxite reserve is 0.26billion tons which...
Guinea: Mining projects
The new Guinean government is set to transform the country's investment climate as it shakes up the civil service and the military, and brings in international advisors to develop radical new development plans. In the immediate future, Guinea's return to growth and export income will be driven by...
