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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Kingaroy landholders say no to bauxite exploration until their concerns are resolved
At a recent meeting in Kingaroy, rural landholders have resolved to “lock the gate” on Queensland Bauxite (QBL), which is proposing to develop a bauxite industry on the fertile red soils of the South Burnett. The company was recently granted an Exploration Permit for Minerals (EPM) by the...
GMDC wants more players for its alumina plant B
Even while Gujarat Mineral Development Corporation Ltd (GMDC) awaits a partner for its alumina project in Kutch, it has decided to invite financial offers from more companies for the project. It may be mentioned here that the state run mining major had shortlisted four companies for the project in...
Vedanta's track record comes under review, Cairn India falls
NEW DELHI: The Prime Minister's Office (PMO) has asked for a review of Vedanta .s track record in the country's mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay the controversial transaction that was announced in August last year....
Vedanta's track record comes under review, Cairn India falls
NEW DELHI: The Prime Minister's Office (PMO) has asked for a review of Vedanta .s track record in the country's mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay the controversial transaction that was announced in August last year....
Cape York mine deal raises hopes to boost Cairns economy
A LARGE-scale bauxite exploration and drilling program will begin north of Weipa later this year after a mining company finalised access agreements with Cape York traditional land owners. The agreement between Cape Alumina Limited and the Apudthama Land Trust was announced yesterday, bringing the...
Vedanta Fiscal Year Ebitda Seen Up 56%
...results are forecast to rise, primarily due to higher achieved prices across its commodity products, particularly iron ore, copper, aluminum and zinc. Volume growth in copper, aluminum and zinc also contribute to some of the company's profit growth. Analysts will seek an update on how Vedanta's...
Yunnan Aluminum to tap into Laos bauxite resources
...Yunnan Aluminum Company Limited, a subsidiary of Yunnan Metallurgical Group, announced that it will purchase a majority stake in Laos based aluminum firm Sino Lao Aluminum Company Limited in order to explore bauxite resources in the country...
Nalco implementing INR 4400 crore Phase II expansion program
... National Aluminum Company Limited is in the process of implementing a INR 4,402 crore Phase II expansion program which include raising its mining, ... various expanded capacities of its alumina refinery at Damanjodi including cogeneration power plant, evaporation plant, stacker and bauxite...
Nalco implementing INR 4400 crore Phase II expansion program
... National Aluminum Company Limited is in the process of implementing a INR 4,402 crore Phase II expansion program which include raising its mining, ... various expanded capacities of its alumina refinery at Damanjodi including cogeneration power plant, evaporation plant, stacker and bauxite...
Bauxite firm downplays exploration impact
... A company exploring for bauxite in southern Queensland's South Burnett says its operations will have minimal impact. Queensland Bauxite, owned by Volcan Holdings, has a permit to explore in an area extending from Blackbutt to Childers, near Bundaberg. ...
Vinacomin to explore bauxite in Cambodia
...Vietnam National Coal and Mineral Industries Group, or Vinacomin, has started sending its workers to Mundikiri Province of Cambodia to explore bauxite. Bui Van Khich, deputy general director of Vinacomin, told the Daily that Cambodian authorities had allowed Vinacomin to carry out a bauxite...
Rio Tinto chairman warns of market risks
...Mr Jan du Plessis chairman of Rio Tinto Plc has warned shareholders that world markets remain fragile, despite many economies having recovered from the financial crisis. However the mining giant had enjoyed an outstanding 2010 with record underlying earnings and was well placed for growth as...
Rio Tinto reports lower production
...Rio Tinto has reported a drop in production in the last quarter, as a result of recent weather conditions affecting mines and ports...
Rio Tinto reports lower production
...Rio Tinto has reported a drop in production in the last quarter, as a result of recent weather conditions affecting mines and ports...
Chinalco Agrees to Set Up Venture in Laos, Shanghai Daily Says
...-Chinalco signed an agreement with a Laotian government company on March 30 to jointly develop mineral resources in Laos’s south, Shanghai Daily said, citing a statement from the Chinese company...
Record production figures at Vedanta Resources
...Vedanta Resources reported record production of mined zinc-lead and refined zinc at Zinc-India in Q4 and the full year to end-March...
State to issue bauxite lease
...GOVERNMENT is expected to issue the bauxite mining lease next week to XINFA Aurum explorations to start work at the site in Bua. The company had received its surface lease last month at Nawailevu Village where the first batch of lease payments was given to landowners...
Norilsk share buyback raises suspicions
...NORILSK Nickel, the largest Russian mining company, has begun buying back $1,2bn of its shares, drawing accusations from shareholder United Company Rusal that managers are trying to seize control of the company...
