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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Dubal to mine Guinea bauxite with BHP
Bloomberg reported that Dubai Aluminum Company is seeking to mine bauxite in Guinea in partnership with BHP Billiton Limited as well as sourcing the raw material from Cameroon and India. Mr Sultan Al Sabri GM of marketing and sales said that “One of our projects is in Guinea together with BHP...
Alcoa Shines on Solid Aluminum Demand
Alcoa’s (NYSE:AA) total alumina shipments rose from 14.6 million tons in 2006 to 16.5 million tons in 2010 with a blip in 2009 due to unfavorable economic conditions that led to a decline in the overall industrial output and demand for aluminum. Alcoa, which competes with mining giants like Rusal,...
South Korea Plans to Invest in Guinean Resources, Ministry Says
A South Korean business delegation held talks with Guinean authorities about investing in the country’s natural resources, the West African nation’s Foreign Ministry said. “South Korea needs iron, uranium and several other resources, the raw materials which Guinea has,” the ministry said, citing...
Dubal to Mine Guinea Bauxite With BHP, Studies Cameroon, India Projects
Dubai Aluminium Co., the developer of the world’s largest smelter of the metal, is seeking to mine bauxite in Guinea in partnership with BHP Billiton Ltd., as well as sourcing the raw material from Cameroon and India. “One of our projects is in Guinea together with BHP Billiton,” Sultan Al Sabri,...
Dubai to Mine Guinea Bauxite With BHP, Studies Cameroon, India Projects
Dubai Aluminium Co., the developer of the world’s largest smelter of the metal, is seeking to mine bauxite in Guinea in partnership with BHP Billiton Ltd., as well as sourcing the raw material from Cameroon and India. “One of our projects is in Guinea together with BHP Billiton,” Sultan Al Sabri,...
Glencore to lift the lid some more
The world will get a further insight into the workings of Swiss-based global commodities trader Glencore International when it outlines its business dealings for the first three months of 2011 on Tuesday (4 pm Sydney time, June 14). It will be the first interim management statement since Glencore...
Nigeria, Guinea explore joint business pact
Nigeria and Guinea are exploring prospects for an agreement to promote a joint investment drive for the development of key sectors in their economies. At a meeting between Guinean president, Alpha Conde, and the managing director, Nigeria Export-Import Bank (NEXIM), Roberts Orya, discussions...
PM signs first mining lease deal
In an Australian first, Prime Minister Julia Gillard has signed a lease agreement between a mining company and traditional land owners. Despite claims yesterday from some Aboriginal residents in the area that they had not been consulted on the lease and would be boycotting the ceremonial signing,...
Pine logs at bauxite mine to be removed soon
Work on the removal of pine logs at the bauxite mining site in Bua is expected to get underway soon. This is after Fijivillage while on a trip to the North noted that while tenders were called for the removal of the logs in April, nothing had been done. Tropik Woods of Fiji Executive Chairman, Faiz...
Ormet targets bauxite, legacy assets
Primary aluminum producer Ormet Corp. has its eyes set on growth, with a push into bauxite mining or the purchase of competitors’ aging assets emerging as two possibilities on its radar, the company’s top executive told AMM. Primary aluminum producer Ormet Corp. has its eyes set on growth, with a...
Red terror hits Lohardaga bauxite mines
Mining, dispatch and transportation of bauxite from Pakhar mines in the Naxalite-hit Kisko police station area of Lohardaga district have come to a grinding halt since Wednesday evening after a group of rebels torched six vehicles. “Mining and transportation activities have been put on a halt since...
GMDC mulls value addition with pvt tie-ups
To start with one for bauxite in Kutch. State-run Gujarat Mineral Development Corporation (GMDC) is looking to add value to its mineral products with private partnerships. It sells raw bauxite and plans to set up a project for value addition in bauxite products at Kutch. There is a huge market for...
Rio Tinto makes peace with Chinalco
Mining giant Rio Tinto PLC is renewing its vows with a once-spurned Chinese partner by signing a mineral-exploration joint venture with state-owned aluminum producer Aluminum Corp. of China Ltd. (Chinalco). The new entity will focus on mineral exploration in China, with copper as its “immediate...
Rio Tinto makes peace with Chinalco
Mining giant Rio Tinto PLC is renewing its vows with a once-spurned Chinese partner by signing a mineral-exploration joint venture with state-owned aluminum producer Aluminum Corp. of China Ltd. (Chinalco). The new entity will focus on mineral exploration in China, with copper as its “immediate...
Rio Tinto makes peace with Chinalco
Mining giant Rio Tinto PLC is renewing its vows with a once-spurned Chinese partner by signing a mineral-exploration joint venture with state-owned aluminum producer Aluminum Corp. of China Ltd. (Chinalco). The new entity will focus on mineral exploration in China, with copper as its “immediate...
Bauxite Resources Limited (ASX:BAU) Appointment Of Two Alternate Directors
Bauxite Resources Limited (ASX:BAU) wishes to advise the appointment of two alternate directors, Mr Kevin Ernest Judge (as alternate for Mr Luke Atkins) and Mr Chenghai Yang (as alternate for Mr Ding Feng). Mr Judge is the founding and senior partner of Judge Constable, a Chartered Accounting...
Rio Tinto and Chinalco form joint venture for exploration in China
Chinalco and Rio Tinto will explore mainland China for world class mineral deposits under a joint venture formalized. The JV is subject to Chinese regulatory approvals and once established will operate under the name Chinalco Rio Tinto Exploration Co Ltd. Chinalco president Mr Xiong Weiping and Rio...
Road opens up to bauxite mining site
LAND-clearing and road construction works at the bauxite mining site at Nawailevu in Bua are progressing well, says Aurum Exploration (Fiji) Limited manager Sang Lei. Mr Lei said the company was focused on completing the road to the proposed site. So far, the contractor hired by Aurum Exploration...
