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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Rio Tinto hiring hundreds of workers in Canada because of modernization projects
A couple of years after it laid off 14,000 workers around the world, global mining giant Rio Tinto has launched a mini hiring spree in Canada, mainly due to its modernization projects. The Anglo-Australian company is actively searching to hire more than 210 workers for mining and manufacturing in...
Lam Dong bauxite mining project faces pollution fines
Authorities of the Central Highlands province of Lam Dong Thursday are considering fining leaders of a government bauxite mining project that has leaked toxic chemicals into a local lake. Inspectors of the provincial Department of Natural Resources and Environment had found that chemical substances...
Guyana opposition warns foreign bauxite firms
Opposition politicians in Guyana threatened to kick out two bauxite mining companies from Russia and China if they flout labor laws. Alliance For Change, the country's second largest opposition party, on Sunday told residents of the eastern bauxite mining town of Linden that Russia's UC Rusal and...
Bauxite exploration depends on location of useful reserves
The exploration of bauxite in Angola will depend on the discovery of reserves considered as economically useful. This was said on Saturday in Luanda by the chairperson of the investment and mining society “Bauxite Angola”, Bernardo Campos, under the workshop on “The Bauxite and Aluminium importance...
Orbite Receives Authorization to Extract 3,000 Tonnes of Aluminous Clay
In yet another milestone supporting Exploration Orbite's Cap-Chat operations, the Company is pleased to announce that it has obtained authorization from Quebec's Ministry to extract a large bulk sample of up to 3,000 tonnes of aluminous clay over the next 12 months from its Grande-Vallee site in...
Guinea Alumina Output Rises
Alumina production in Guinea,also the world’s top supplier of aluminum ore bauxite,rose 31.7 percent to 384,000 tonnes,the government said in a report released on Thursday. Guinea’s economy relies heavily on its mining sector, and its rich resources have drawn billions of dollars in investments...
Chinalco hopes to develop bauxite mines in Guinea
Aluminum Corp of China (Chinalco), the country's top aluminium producer,hopes to develop bauxite mines in Guinea, the world's top exporter of the raw material. Luo Jianchuan, a senior official at Chinalco and president of Chinalco's listed unit, Aluminum Corp of China Ltd (Chalco) discussed the...
Aluminum Oxide Output of Huayin Aluminum Reaches 5.18 Million Tons
Since the first production line went into operation in December, 2007, Guangxi Huayin Aluminum Co., Ltd has realized aluminum oxide output of 5.18million tons and sales of 5.13million tons till August, 2011. Meanwhile the company also achieved total industrial output value of 11.9billion RMB and...
Kirkvine bauxite plant could reopen next month
JAMAICA'S bauxite & alumina industry may be making a comeback soon as the Kirkvine mining plant in Manchester could reopen next month. Minister of Energy and Mining Clive Mullings last Friday disclosed that the Cabinet was scheduled to consider a proposal yesterday that could lead to the Kirkvine...
Update-Mines Min forms expert group to revise royalty on minerals
Mines Ministry has formed an expert group to review royalty rates for all major minerals other than coal, lignite and sand, due for revision next year. The 17-member study group, which will submit its report in six months, will not only take into account the present Act governing royalty, but also...
All India Online Accounting System for Mineral Transactions
An All Indian Online System for end-to-end accounting for mineral transaction has been proposed by the Government to prevent and detect illegal mining in states across India. Under the online system, registration of miners, traders and exporters of major minerals like bauxite will be a must. The...
Australia revises mining production outlook
The latest forecasts for production and exports of key Australian mineral resources Bauxite and Alumina released by the Australian Bureau of Agricultural and Resource Economics and Sciences on Tuesday are unchanged compared to old forcasts. The figure for Bauxite is 68.2 and Alumina is 20.705...
Bauxite project hurdles
India, endowed with the world’s fifth largest bauxite deposits and the fourth largest coal reserves, has emerged as a preferred place for making aluminium. Within the country, Orissa is where every aluminium maker wants a presence. That is why the Vedanta group, in spite of being solidly anchored...
Infra hurdles & growth needs
It is not a day too soon that Prime Minister Manmohan Singh felt the need to involve himself in sorting ministerial differences on implementation of major infrastructure and industry-related projects. With such projects not getting commissioned on schedule, the 12th Plan (2012-17) growth target of...
Guinea asks China to build 340 MW power plant
Guinea has asked state-owned China Power Investment (CPI) to build a 340 MW coal-fired power plant in the electricity-starved west African state, its mines minister said. The project is part of ongoing negotiations between Guinea and CPI over the potential development of a bauxite mine in Boffa and...
Nakkapalli port project hits a roadblock
The minor port proposed at Rajaiahpeta in Nakkapalli mandal, about 90 km from here, for use as a captive port by Anrak Aluminium Limited (AAL) has hit a roadblock. After serving the land acquisition notices and the subsequent resistance by local fishermen and farmers, authorities seem to have...
Aluminum Industry in Baise Accelerates to Rise
From January to July, aluminum industry in Baise has achieved gross industrial output value of 21.11billion RMB which occupies 53% of that of Guangxi Province. The aluminum industry has gradually become an engine for the economic development in Baise. In this process, private economy is the main...
Vale near Key Resistance Area
Shares of Vale SA (NYSE:VALE) are trading very close to calculated resistance at $28.41 with the current price action closing at just $27.29 placing the stock near levels that make it difficult to buy. Companhia Vale do Rio Doce (NYSE:VALE), through its subsidiaries, operates as a diversified...
