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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$300,000 for landowners
...BAUXITE mining continues to fill pockets of landowners in Bua with another two landowning units receiving more than $300,000 over the weekend from Aurum Explorations Fiji Ltd...
Mining Act to be reviewed
...Government is working on reviewing the Mining Act says Minister for Land and Mineral Resources, Netani Sukanaivalu...
Rio Tinto Alcan starts exploration of bauxite mining project in Madagascar
...Reportedly, Rio Tinto Alcan began the study of the bauxite project in Manantenina area in southeast of Madagascar in early 2008. Currently the project has entered the initial exploration phase...
600 northern mining jobs on the way
...Details of the development have been outlined at a meeting of more than 80 people at Weipa. The South of Embley Project will extend the life of the mine by 40 years and employ between 500 and 1200 people, depending on production...
Bauxite officials face IRS action
...Just as Bauxite officials begin scrambling for information concerning the Internal Revenue Service’s seizure of nearly three-fourths of the general fund bank account on Friday, Mayor Johnny McMahan informed the public at Monday’s City Council meeting that another IRS seizure from 2008 was...
Raising Our Fair Value Estimate for Rio Tinto
... Analyst Note Rio Tinto (RIO) generated record underlying fiscal 2010 earnings of $14.0 billion that came in 3.5% ahead of our $13.5 billion forecast--a very pleasing result, particularly from iron ore where earnings before interest and tax (EBIT) increased 150% to $15.6 billion. ...
Jamaica: UC Rusal to reopen bauxite refinery?
... Jamaica's mining minister says a Russian-owned aluminum company is restarting operations at a bauxite refinery that it closed nearly two years ago. ...
Henan Province Discovers a Large Bauxite with about 7.8 Million Tons Reserves
... Henan Bureau of Geology and Mineral that No.3 prospecting teams discovered a large bauxite with storage of 7,800,000 tons in Yichuan county, Henan province. Equal to eight ordinary bauxites, this bauxite is the largest one that Henan has found. ....
Bauxite mining to benefit villages/Govt?
... With an estimated one million tonnes of raw bauxite to be mined in Bua, villages and Government are expected to hugely benefit. ...
China, Guinea Sign 170 Million Yuan of Agreements, Yang Says
... Guinea and China signed two cooperation agreements worth 170 million yuan ($26 million), .... Chinese company to build a bauxite operation in the country. Guinea holds as much as half of the world’s reserves of bauxite, a raw material used in aluminum production. ....
More bauxite sites identified
... More bauxite rich sites have been identified in Bua. That is the revelation from the Acting Permanent Secretary at the Lands and Mineral Resources Ministry ....
Venezuelan Government Resolves Strike at Venalum Aluminum Plant
...State-run aluminum company CVG Industria Venezolana de Aluminio CA began full operations again last night after a strike was resolved, Mining Minister Jose Khan said...
Rio Tinto triples profit on surging commodity prices
...Three years ago mining giant Rio Tinto was saddled with a $40 billion debt after its ill fated purchase of aluminium giant *Alcan just before the global financial crisis hit and floored commodity prices...
How Posco got the green nod & Vedanta got stuck
... Both are mining projects in Orissa and both involve diversion of forest land for non-forest purposes. So how could environment and forests minister Jairam Ramesh allow forest diversion in Posco's case last fortnight after he had done just the opposite in Vedanta's five months earlier? ...
Bua villages welcome setting up of bauxite mine
...Close to four mataqalis in Bua have welcomed the setting up of a bauxite mine in their area...
Monax to exercise option over Cape York bauxite project`
...Monax Mining Limited (ASX: MOX) has elected to purchase two tenements from Delminco Pty Ltd in the Pretender Creek area of Cape York after assessing its bauxite projects in the region, and after the completion of due diligence...
Steel Guru : Vedanta Zambia unit to list on LSE this year - 190294 <b>...</b>
... Vedanta seeks government help for sourcing bauxite . 0blt1. Vedanta Resources Zambia unit raise copper output ...
Vedanta Zambia unit to list on LSE this year
...Reuters reported that Konkola Copper Mines, the Zambian unit of London listed miner Vedanta is likely to list in London this year after delaying its float from 2010...
