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 global mining and metal giant Rio Tinto's chief executive Jakob Stausholm has approached the worldwide leader of the iron ore industry’s founder and chairman of Fortescue Metals Group, Dr Andrew Forrest, to identify if the two mining titans can work on the common interest of green hydrogen and...
OZ Minerals, Boliden, and Rio Tinto will work together to develop new and innovative tailings management technologies, allowing the mining industry to reduce risk even further while extracting the materials needed for the energy transition from what was previously regarded as "waste." The three...
The European Union's politically independent executive arm, the European Commission, is planning to bring a proposal for a ban on new investments in Russia's mining sector as part of a new package of sanctions for the Russia-Ukraine geopolitical crisis. In accordance with our source, the...
On November 27, 2022, the Guinean mining company, Compagnie des bauxites de Guinée (CBG), officially launched a ceremony for the upkeep, maintenance and securing of old sites rehabilitated with native species for rational or sustainable management. The CBG laboratory meeting room served as a...
India's largest mining sector organisations are asking for increased import levies on metals like aluminium, zinc and copper to help stem the flood of less expensive imports, particularly from China. The Federation of Indian Mineral Industries (FIMI) stated in a memorandum to the Ministry of...
The Ghanaian holding company, Ghana Integrated Aluminium Development Corporation (GIADEC), dealing with all government investments and interests in the nation's integrated aluminium business, has introduced OPCL as the new majority shareholder of Ghana Bauxite Company (GBC) to the traditional...
A leading investment fund in the MENA region focused on unlocking a positive future for the region, and beyond, the Dubai Investment Fund (DIF) asserts that India's untapped resources will need to be explored to navigate the nation's demand for new infrastructure and facilitate the housing bubble....
On November 5, 2022, as part of its first 2022 edition, Mines Awards Guinea organized in Conakry at the national capital, a ceremony to reward the best companies and leaders operating in the Guinean mining sector, as well as the localities exploited for the excellent use of taxes paid to them. This...
The soaring energy prices in Europe have caused a severe impact on aluminium production and shifted output to China. However, due to China’s increasingly depleted bauxite reserves, this repositioning has increased bauxite shipments, benefitting the West African nation, Guinea, the world’s largest...
According to our report from West Africa, almost all of the unloading operations for two Bedeschi shiploaders and one echopper shipped fully erected from Jebel Ali Port, Dubai to Ghana Takoradi Port have been accomplished. Jebel Ali is a deep port located in Jebel Ali, Dubai, United Arab Emirates...
According to a report on Monday, October 31, South Africa’s Industrial Development Corporation (IDC), a national development finance institution, has expanded its shareholding in Mozambique’s Mozal Aluminium to 32.45 per cent. Earlier, IDC had a 24 per cent share in the hydropowered smelter,...
MYTILINEOS S.A., a Greece-based industrial conglomerate, has bagged the ASI Chain of Custody (CoC) Standard V1 (2017) Certification for its corporate headquarters and upstream activities, including bauxite mining, alumina refining, and aluminium smelting and casting. The news came after the...
This October 2022, the global aluminium value chain has seen some of its most exciting events ever. One of the world's leading manufacturers in the flat-rolled aluminium (FRP) industry, Assan Alüminyum announced its plans to invest $460 million in the American market by establishing a facility. The...
The Norwegian aluminium and renewable energy company, headquartered in Oslo, Norsk Hydro, was recently honoured with the “Mining & Raw Materials Industry Leadership Award” at the annual S&P Global Platts Global Metals Awards 2022. The Global Metals Awards honour the top performers in the metals...
In protest over stalled pay negotiations, Rio Tinto workers at the Gove bauxite mining operation have planned to take industrial action. According to the union, workers have not been paid a raise in three years as the company has put off talks on a new enterprise agreement. Lloyd Pumpa, the United...
In the current fiscal year, the Jamaican Government estimates the value of mining and processing earnings from bauxite and alumina to be $507 million (JMD$77 billion), seven per cent more than the fiscal year 2020-2021. Jamalco is expected to reopen its operations in August 2022. The US and...
The African-focused mineral exploration company Canyon Resources has been granted a 'Certificate of Environmental Compliance' (CEC) for its world-class Minim-Martap Bauxite Project by the Ministry of Environment. A detailed Environmental Social Impact Assessment (ESIA) was conducted by Canyon...
Bharat Aluminium Company (BALCO), Vedanta's subsidiary company, has been declared the successful bidder for the Barra Coal Block, situated in the Raigarh district of Chhattisgarh under Tranche IV of the commercial coal block auction conducted by the Ministry of Coal, Govt. of India. Considering the...
