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 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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Rio Tinto, a leading global mining group, is reportedly collaborating with a world-famous venture studio and startup investor Founders Factory to support the advancement and commercialisation of breakthrough technologies that will lead mining companies, including bauxite miners, to automation,...
On Wednesday, April 3, National Aluminium Company’s stock price (NALCO) reached a 52-week high in the wake of highest-ever production of aluminium, record excavation of bauxite, and best ever metal sale, surpassing all previous records since inception. According to the report, NALCO’s share price...
Alcoa Brasil announced Daniel Santos as the company's new president and vice-president of Operations. The executive will have the challenge of commanding more than 15 thousand employees in the three operating units, located in Juruti (PA), Alumar (MA) and Poços de Caldas (MG), boosting operational...
The British-Australian multinational company Rio Tinto, the world's second-largest metals and mining corporation, has released its 2023 Taxes and Royalties Paid Report, outlining the $8.5 billion paid in taxes and royalties worldwide for the year. In 2022, the company paid $10.8 billion,...
To commemorate World Water Day under the theme' Water for Peace', Vedanta Aluminium, India's largest aluminium producer, announced that it recycled over 15 billion litres of water across its operations in FY2023-24. This quantity of water is equivalent to 6,000 Olympic-size swimming pools. In...
Hydro Paragominas, a mining enterprise centred on bauxite extraction in Paragominas (PA), marks its 17th anniversary this March with a strong emphasis on innovation and sustainability. Spearheaded by Industrial Director Anderson Martins, the company is renowned for its continual pursuit of...
The Jamaican Minister of Agriculture, Fisheries, and Mining, Hon. Floyd Green, announced a $1.2 billion investment plan to transform neglected former bauxite lands into productive agricultural areas. Green pointed out, “What we are looking to do is to take those lands that are now being...
Emirates Global Aluminium has reportedly announced its competitive financial and operational results for 2023, revealing the highest-ever production across the value chain. The company posted that it produced 2.66 million tonnes of primary aluminium in 2023 at Al Taweelah and Jebel Ali versus 2.65...
In a groundbreaking development poised to transform the mining and shipping sectors in West Africa, Cosco Shipping Bulk Co., Ltd, CTC Mining (SL) Ltd, and Baometal Minerals International Trade Ltd have unveiled their collaboration on the ambitious CTC Port Loko Port Project. This trilateral pact...
The nationwide strike in the bauxite kingdom Guinea , which had brought the nation and its mining sector to a standstill since February 26, 2024, has been suspended by the country's trade unions, according to a statement released on February 28. The Guinean Trade Union Movement, representing...
The mining sector in Jamaica experienced an approximate 23.6 per cent growth during the final quarter of 2023. Crude bauxite production in the island nation experienced a notable decline of 27 per cent, leading to a decrease in the bauxite capacity utilization rate to 32.7 per cent, marking a drop...
On February 26, 2024, workers in Guinea initiated a nationwide strike, causing closures of businesses and significant disruptions in the mining sector . Commencing an indefinite general strike marks a crucial challenge for the junta, which took control in 2021, instituting a ban on protests and...
Dr Saptarshi Das is a firm believer that sustainability and profitability can be achieved simultaneously. To this end, he has focused his activities and investments on clean technology and affordable education. He heads the global Decision Science division of the energy major Shell. He has...
In 2023, Chinalco Guinea's bauxite production and return volume reached a new high, leveraging the strategic deployment of overseas resources of Chinalco Group and Chinalco shares. As per the report, the company achieved 104.8 per cent of the annual target task, marking a new chapter in the...
On February 5, 2024, the Greece-based industrial conglomerate Mytilineos, focused on energy and metals, revealed that it secured a prospecting license from the Ghana Integrated Aluminium Development Corporation (GIADEC) to explore and extract bauxite deposits in the Ninayhin-Mpasaso region. The...
Societe Miniere de Boke (SMB), the leading bauxite producer and exporter in Guinea, announced plans to invest up to $1 billion over the next five years. On February 5, 2024, Frederic Bouzigues, the CEO of SMB, stated that the investment aims to enhance its river terminals and acquire vessels. This...
Leading global mining and metals companies have taken a groundbreaking step towards supporting a nature positive future by 2030. These firms, representing a significant portion of the industry, have committed to urgent action prioritising the health, diversity, and resilience of species,...
On January 10, 2023, a senior government official stated that Saudi Arabia had initiated a $182 million incentive program for mineral exploration. This move is a part of the country's broader efforts to diversify its economy and reduce dependence on oil. The kingdom is actively pursuing the...
