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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Weather hinders start of Bauxite Mining in Bua
The million dollar Bauxite mining operation in Bua has been further delayed. This report from our Reporter Tokasa Rainima who is in Bua. There is an audio file attached to this story. Please login to listen. This is the third delay that the owners Aurum Mining Limited are facing, the first being...
UC RUSAL aims to reduce skilled labor scarcity in Guinea
UC RUSAL announced that the launch of a unique education program the RUSAL Scholarship 2011. The RUSAL Scholarship will provide 100 talented young Guineans aged between 18 and 25 the opportunity to be educated in Russia’s best universities. All accommodation, transportation costs and tuition fees...
The end of Gove's historic injustice to traditional owners
FOUR decades after bauxite mining began on the Gove peninsula, traditional owners have finally secured a benefits package worth more than $700 million over 42 years that is focused on education, jobs and business development. The money will be paid into a future fund to secure the long-term...
Jiangxi Province Overseas Minerals Development Form its Global Layout
May 26, the reporter learned from Provincial Commercial Office that recent year our province enterprises raise their “Going Global” awareness, our province’s overseas mineral resources development has form its initial shape. Our province’s business events throughout Southeast Asia, Central Asia,...
Wild Rivers laws loom again for Qld miner
Queensland's Wild Rivers laws could thwart plans for a large-scale bauxite mine on Cape York for a second time. Cape Alumina was last year forced to abandon its Pisolite Hills project when the state government made a Wild Rivers declaration over the Wenlock River basin. The declaration banned...
Bauxite mine offers hope for Cairns' economic revival
A PROPOSED bauxite mine and port near Weipa are firming up as the beacons of hope for the Far North's struggling economy. Cape Alumina acting chief executive officer Neville Conway has spent two days in Cairns briefing business and community leaders as well as company shareholders on the promising...
Limited amount of workers for bauxite mine
Only 10-15 overseas workers will be allowed to work at the bauxite mine in Bua. Human Resources Manager of Aurum Exploration Fiji Limited Basilio Vanuaca said if only there are specialized jobs that locals cannot do then they will look to hire more Chinese workers. Vanuaca said if these specialists...
Producer won't shy from a fight
KEITH Jessen (pictured) is among the farmers pledging to lock out the bauxite mining explorers currently rummaging through the South Burnett. The cattle and grain grower is no stranger to a fight. Formally involved in agri-politics, especially the Grain Growers Association, he said he has taken on...
UC Rusal plots Cameroon bauxite deal
A delegation from UC Rusal has visited Cameroon with the aim of securing its supply of bauxite. As a result of the visit, RUSAL expressed its intention to undertake a feasibility study of various metals and mining projects in Cameroon, as well as the development of necessary transport...
Bua mataqalis to decide on use of $700,000
It will be up to the three Mataqalis in Bua on how they use the $700,000 given by the Chinese company, Aurum Exploration Limited for bauxite mining in the area. Member of the three Mataqalis board of trustee and Commissioner Northern Inia Seruiratu said they have met but nothing has been planned to...
Over $700,000 for Bua landowners
More than $700,000 will soon be pumped into three Mataqali in Bua. This is with regards to the new Bauxite mine in Nawailevu in Bua which is set to get underway later this year. The three landowning units - Naicobo, Noro and Nalutu will then be paid $18,000 every year for the next 20 years. Legal...
Alcoa: Innovation Award Finalist
Alcoa of Australia has been selected as a finalist in the annual PACE Zenith Awards for its sustainability work in turning bauxite residue into valuable by-products. The Awards, now in their 8th year, recognise companies and individuals, across nine industries in Australia and New Zealand, showing...
Cape York signs bauxite mine deal
The mining company Cape Alumina has finalised agreements with the Cape York Aboriginal land owners for the proposed Bauxite Hills mine and port project in Queensland, clearing the way for a large-scale exploration and drilling program to start later this year. Exploration consent and compensation...
Future of Gove mine in the balance
TALKS over the future of a massive Territory mine are going down to the wire. Rio Tinto's lease over the bauxite and alumina operation on the Gove Peninsula expires on May 29. But the Northern Land Council and Alcan have yet to reach an agreement. Both parties have agreed not to talk to the NT News...
QLD farmer to lock bauxite miner out
A Queensland farmer says he will lock his gates today if a mining exploration company tried to enter his land. Keith Jessen, from the South Burnett region in Southern Queensland told the ABC he had originally given permission for Queensland Bauxite to enter his property to take soil samples,...
Chinese mining company makes presentations at Guinea's Mines Expo
The International Mineral Investment of the China Power Investment company (CPIIM) on Wednesday presented its mining capabilities at the Guinean Mining Exhibition opened this week. The mother company CPI valued at 67.3 billion U.S. dollars has an annual turnover of 19.3 billion dollars with six of...
Fiji expected to rake in $20m
Fiji is expected to rake in twenty million US dollars through the bauxite mine in Bua. Chinese Ambassador Doctor Han Zhiqiang said that the company - Xinfa Aurum will export 1 million tonnes of Bauxite mineral which will equate to twenty million US dollars. Zhiqiang added that there will be a lot...
Kingaroy locks the gate on Bauxite
RURAL landholders in the South Burnett region have resolved to “lock the gate” on Queensland Bauxite (QBL), which is proposing to develop a bauxite industry on the region's fertile red soils. The company was recently granted an Exploration Permit for Minerals (EPM) by the Queensland Government, and...
