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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The Nalco-operated Panchpatmali bauxite mine achieved the highest-ever annual bauxite excavation rate since its inception. FY 22-23 has been reported with a figure of 75,50,670 tonnes, up from its previous benchmark of 74,14,100 tonnes in FY 18-19. Odisha's Bauxite mines are vital to NALCO's supply...
Samuel Abu Jinapor, the Minister of Lands and Natural Resources, has emphasised the need to develop the downstream aluminium industry in Ghana. He claimed that the nation has lost out on enormous cash and job prospects for young people by not doing so throughout the years. The Minister emphasised...
The growing focus on a carbon-neutral world and the implementation of a circular economy has changed the course of the aluminium industry, driving manufacturers to adopt sustainable methodology in the production process. This new transformation has touched upon the entire value chain – from bauxite...
The government of India is likely drawing up to sell its remaining stake in Bharat Aluminium Company Ltd (Balco) in the next financial year, as per reported by a media house. The Chhattisgarh-Korba-based Balco has been privatized now for more than two decades. It has also been stated the Union...
The world leader in the mining of bauxite and iron ore, among many other minerals, Rio Tinto, observed World Water Day on March 22, 2023, by publicising information about annual surface water usage across its global network of managed sites in 35 countries, through an interactive map on its...
Surefire Resources has hired materials science firm Lava Blue to investigate the value-added potential of high-purity aluminium oxide production from its flagship Victory Bore vanadium project in Western Australia. Victory Bore has waste rock surrounding the primary resource with significantly...
Guinea Alumina Corporation SA (GAC), the bauxite mining subsidiary of Emirates Global Aluminium, has acquired Performance Standard V2 (2017) Certification from the Aluminium Stewardship Initiative. It represents the first Guinean entity to receive ASI Certification. As per the report, GAC has...
Guinea Bauxite Company, the miner of the world’s largest bauxite reserves, signed a supply contract with British Steel for steel railway sleepers. British Steel has announced that it has won its largest-ever order for rail sleepers with a significant export deal for West Africa. In accordance with...
Colonel Mamadi Doumbouya, leader of Guinea's military junta, has offered the mining minister another two weeks to meet with bauxite miners and discuss alumina refinery construction plans, according to a report by Bloomberg. On March 4, 2023, the government of Guinea emailed that the mining...
The Anglo-Australian mining and metal company Rio Tinto has formally changed its designation of Taiwan in its regular revenue reports. Taiwanese client revenues will now be reported as coming from "Greater China" rather than the previous designation of "other Asian regions," which excluded China...
The Chinese aluminium producer Tianshan Aluminium Group, located in Shihezi, a sub-prefecture-level city in Northern Xinjiang, announced its plan to procure three bauxite mines in Indonesia for USD$30.3 million. On February 23, 2023, the Chinese company engaged in comprehensive aluminium production...
On Tuesday, February 21, Aluminium Stewardship Initiative announced that Mineração Rio do Norte (MRN) has received ASI Chain of Custody (CoC) Standard V1 (2017) Certification for the planning, mining, transport, processing, and river transportation of bauxite, as well as power generation, at the...
As the country's metals sector has boomed, Iran has reported significant increases in aluminium production. On February 20, 2023, IMIDRO, Iran’s state metals and mining company, stated aluminium production in four leading smelters in the country had reached over 528,000 tonnes in the first ten...
On February 16, 2023, the Prime Minister of Guinea, Dr Bernard Goumou, was precisely in Koumbia to launch a significant bauxite project. On this other trip to the Boké region, Dr Bernard Goumou was accompanied by Moussa Magassouba, the Minister of Mines and Geology. The Prime Minister and mining...
On Wednesday, Vedanta Ltd. announced that it was selected as the preferred bidder for an Odisha bauxite block. Vedanta has been named the preferred bidder for the Sijimali Bauxite Block, located in the Rayagada and Kalahandi districts of Odisha, under the mineral block auction held by the...
On February 9, 2023, the National Employment Fund (NEF) and the Australian mining company Canyon Resources' Cameroonian subsidiary Camalco engaged in developing the project to explore the Minim Martap bauxite deposit in the Adamaoua region, inked a partnership agreement in Yaoundé. André Henry, the...
The Saudi state-owned mining company headquartered in Riyadh, Ma'aden, has reported a more than 87 per cent leap in its full-year 2022 net profit, enhanced by higher sales and higher average prices. On February 13, 2023, the largest multi-traded mining company in the Middle-East region, Ma’aden,...
On Monday, February 6, Bahlil Lahadalia, Indonesia's investment minister, stated that the Indonesian government would continue to prioritise downstreaming the sectors of 21 commodities to draw a total investment of US$545.3 billion by 2040. Bauxite, coal, nickel, tin, copper, steel, gold, silver,...
