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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Bullion Monarch Mining Acquires Bauxite Property in Brazil
..Bullion Monarch Mining Inc. (BULM) announces acquisition of the Niquelandia bauxite project located near the town of Niquelandia, Goias, Brazil. Geologists believe the deposit to be located at surface or near surface covering a large area, possibly up to 25 km in length and up to 5 km in width....
Orissa Mining Corp to file new petition against MoEF
...The Orissa Mining Corporation had filed a petition against the Environment Ministry at the Supreme Court on March 9 in a bid to get clearances for its mining project at the Nyamgiri hills. According to the latest updates, the corporation has ruled out the filing contempt of the court against the...
Orissa moves SC on withdrawal of clearance to Vedanta
...The Orissa government on Friday moved the Supreme Court (SC) challenging an earlier decision of the Centre which had rejected environmental clearance given to Anil Agarwal-led Vedanta group for bauxite mining in Niyamgiri Hills...
China's total mining of rare earth to be controlled at less than 93,800 tons
...It was reported that China would continue to control and manage exploitation amount of tungsten, antimony and rare earth mineral ores. Rare earth mining would be controlled within 93,800 tons in 2011...
RioTinto still talks on Riversdale Mining
...a partner at law firm Minter Ellison Group, which represents Rio Tinto -- in a letter released through the Australian stock exchange said Rio is in talks with a major shareholder in the coal company to secure a sufficient number of shares to gain it a majority stake. Trading in Riversdale shares...
Mineral resource development in a globalised world
...Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange...
Niyamgiri vs Chiria
...hiria is essential for the future of SAIL as nearly 40% of the company’s requirement of iron ore over the next 50 years is likely to be met from Chiria (one of the arguments used against Vedanta was that the Niyamgiri mines would have been able to provide for only four years of supplies for the...
Orbite Upgrades Its Resources to the NI 43-101 Compliant "Indicated Mineral Resources" Category
...The Marin sector represents one of three significant sectors of clay minerals with high alumina content that has been delineated on the site so far. It currently extends over four kilometres in length with a width varying from 500 to 1,000 meters, and contains an average grade of 23.13% of Al2O3...
Rio Tinto Faces Key Week for Riversdale Bid
...Australian mining giant Rio Tinto PLC faces a crucial week in its quest to take over Africa-focused coal producer Riversdale Mining Ltd., after a slow take-up of acceptances since the offer was first made in December...
Alcoa mine could take heritage heathland
...ALUMINIUM giant Alcoa will be able to extend its Anglesea coal mine about 600 hectares further into heritage-listed parkland, under a confidential arrangement with the Victorian government to renew its mining licence for 50 years...
Exploring bauxite ore deposits in Lam Dong
... This was the first operation of the Lam Dong Bauxite-Alumina Complex, nearly four years after the mining project received approval. The project, conducted by the Ha Tu Coal Joint Stock Company under the Vietnam Coal and Mineral Industries Group (Vinacomin), will supply materials for aluminium...
India NALCO Sees Producing 6.3 mln T Bauxite in 2011/12
...India's National Aluminium Co Ltd (NALCO) (NALU.BO: Quote) expects production of bauxite to rise to 6.3 million tonnes from its mines and refineries in the eastern state of Orissa during 2011/12, the company said in a statement...
Alcoa Gets Bauxite Plan Deadline
...The Western Australian government has given mining giants Rio Tinto Group and Alcoa Inc. (AA - Analyst Report) a deadline of two years to come up with a development plan for their Mitchell Plateau bauxite project. The deadline extends till December 31, 2012...
Orissa plans own industrial security force
...t least ten security personnel and four Naxalite guerrillas were killed in a gun-battle at Nalco’s bauxite mine at Panchapatmali, near Damonjodi in Koraput district on April 12, 2009. The Naxalite, sometime back, had also damaged the pipeline of Essar Steel that goes through Malkanagiri area...
Rio, Alcoa get more time on Mitchell Plateau
...The WA Government has quietly given mining giants Rio Tinto and Alcoa a further two years to come up with a development plan for their Mitchell Plateau bauxite project in the Kimberley...
Orissa Mining Corporation to seek for speedy hearing of Niyamgiri Hills case today
...Orissa Mining Corporation (OMC), the mining body of the Orissa government, is planning to appeal in the Supreme Court on Monday for speedy hearing of its case it filed against the ministry of environment and forests (MoEF) last week...
Orissa govt backs Vedanta in Supreme Court
...Six months ago, India’s environment ministry had withdrawn permission for mining in Orissa’s environmentally fragile Niyamgiri Hills -- home to the primitive Dongaria Kondh tribals. The Jairam Ramesh-led ministry also rejected plans for Vedanta’s USD 8.5 billion expansion plans at its Lanjigarh...
Queensland Bauxite Granted Eight New Bauxite Tenements In Queensland
...Sydney, Mar 2, 2011 (ABN Newswire) - Queensland Bauxite Limited announced that Queensland Department of Mines and Energy has accepted the Company's applications for an additional eight exploration licenses within the East Australian Bauxite Province...
