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
Indonesia May Tax Shipments of Raw Minerals, Minister Says
Indonesia is considering imposing a tax on exports of mineral ores and concentrates such as nickel, copper and iron ore before their shipment in non-processed form is banned in 2014, Industry Minister Mohamad Hidayat said. A tax would encourage domestic processing of the metals, Hidayat said in...
NALCO to complete studies on Indonesia coal mines this month
State-run NALCO, which plans to set up a 1,250-MW power project and an aluminium smelter in Indonesia, will complete due diligence on a proposal for sourcing coal for the projects by the end of this month, a senior company official said. "We are in the process of evaluating the reserves of two coal...
Bauxite Hills drilling program update
Initial results from Cape Alumina Limited’s (ASX code: CBX) drilling program at the Bauxite Hills project area have boosted the company’s confidence in the project’s long-term prospects. The Bauxite Hills project area is 95 kilometres north of Weipa on Queensland’s Cape York Peninsula and five...
IBM cracks the whip against illegal mining in state
The Indian Bureau of Mines (IBM), which promotes scientific and systematic development of mineral resources and its rational use, has cracked the whip against large-scale illegal mining in Raigad district in Western Maharashtra and Nagpur region. The action pertains to violations of provisions of...
Guinea transitional council debates draft mining code
Guinea's draft mining code, in which the government plans to more than double its stake in mining projects, has been sent to the country's transitional law-making body for debate and adoption, a member of the council said on Wednesday. "The mining code is currently confidential. We have the next 10...
Road upgrade for mine trucks to cost $77 million
The Transport Ministry's Directorate for Roads in Viet Nam has submitted a plan to the Government that would upgrade the bauxite transport route at an estimated cost of about VND1.6 trillion (US$76.9 million). "However, the project has been stuck due to a shortage of capital, preventing the Nhan Co...
First bauxite export expected at the end of this year
Aurum Exploration Limited is expected to make it's first bauxite export at the end of this year says Deputy Permanent Secretary for Lands and Mineral Resources Pene Baleinabuli. Baleinabuli told FBC News everything is progressing well and mining in Nawailevu looks promising. Baleinabuli says they...
Company announces plans to expand in Bauxite
The demand by oil and natural gas drillers for tiny ceramic particles led to an announcement Wednesday that a company plans to spend $100 million on a new factory in Saline County and to hire 140 new workers. Saint-Gobain Corp. already makes the material at a plant in Fort Smith but needs a new...
Guinea, China in talks over bauxite mine
Guinea is in advanced talks with state-owned China Power Investment to develop a bauxite mine,deep water port and a power plant in the West African state, Guinean government sources said. One source, who asked not to be named, said the project, which is in Boffa, some 120 km (75 miles) west of the...
Nalco's prospects hinge on price stability
Nalco Profits will take a hit if aluminium prices fall significantly. The recent news about National Aluminium Company (Nalco) receiving approval to mine coal in its Orissa block saw the stock rise almost 16 per cent from a 52-week low on Friday (August 19). Though it has given up some ground...
Lindeners cry for relief from bauxite dust
A group of Lindeners are calling for relief from a dust situation caused by the Bosai bauxite plant in the once-thriving mining town. Several residents, including Regional Councillor Judith Rogers, were present at the AFC’s weekly news conference on Wednesday in Georgetown. “The matter was raised...
Chongqing Bauxite Conservation Reaches 0.113 Billion Ton
According to the current research of Bauxite resource utilization, Chongqing bauxite conservation amounts to 0.113 billion ton which provides resource guarantee for its aluminum industry base construction. From 2007 to August of 2010, Ministry of Land and Resource proceeds with an overall...
Final hearing on OMC plea posted to January 2012
The Supreme Court on Tuesday posted for January 2012 final hearing on an application and related petitions from the Orissa Mining Corporation challenging a July 11 order withdrawing environmental clearance for a bauxite project. A Bench of justices R.V. Raveendran and A.K. Patnaik posted the matter...
SC refuses early hearing to Orissa govt on Vedanta case
The Supreme Court today refused to accord an early hearing to Orissa government's plea challenging the Centre's decision to withdraw environmental clearance given to Vedanta group firm Sterlite for its bauxite mining project in Niyamgiri Hills. Brushing aside the state government's plea for an...
Nalco gains 3% on govt nod to mine coal block in Orissa
Shares in the company were trading 3.2% higher at Rs 61.85 on the Bombay Stock Exchange. "Shares in Nalco Ltd might trade up to Rs 64-65, currently it is at 61.25, 58 to 60 is a very strong support", said Sandeep Wagle, Founder & MD, APTART Technical Advisory Services. "The stock might move in the...
China Power Investment Aims to Spend $6 Billion on Guinea Bauxite Refinery
China Power Investment Corp. will spend $6 billion to develop bauxite refineries at Boffa in Guinea, according to a statement from the president's office. The Beijing-based energy company will also build a port to remove ore from the area, President Alpha Conde's office said in the statement,...
Nalco recovers from 52-week low
National Aluminium Company surged 3.26% to Rs. 61.85 at 9:50 IST on BSE, following reports the state-run company has received government's approval to mine a coal block in Orissa with estimated reserves of 70 million tonnes.
Niyamgiri: MoEF says rejection of forest nod as per law
With Orissa Mining Corporation Limited (OMCL) claiming that the rejection of forest clearance to its bauxite mining project at Niyamgiri hills is aimed as a rebuff to the Supreme Court’s green signal for the billion-dollar venture, the Ministry of Environment and Forests met the charge head-on. In...
