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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Norsk Hydro's local unit, Hydro Paragominas, is investing 590 million reais ($114 million) in the M5 bauxite mining project in northern Brazil's Pará state. Norsk Hydro-owned Hydro Paragominas has contributed significantly to the economic and social development of Paragominas for 15 years and...
On Monday, October 3, Vedanta Limited, an Indian multinational mining company, reported that its aluminium production stood at 584,000 tonnes in the second quarter of FY2023 ended September 30. That edged 2 per cent higher than 570,000 tonnes during the corresponding period of the last year. The...
On 21 st September, the President of the West African nation Ghana, Nana Akufo-Addo, declared during the 77 th session of the United Nations General Assembly (UNGA) that Ghana is developing an integrated bauxite and aluminium industry. He added that Ghana was refining its natural resources -...
On 14 th September 2022, Anil Agarwal, the Chairman of Vedanta Resources stated that his company has new investments of more than USD$3 billion (INR 25,000 crore), as it has plans to expand its aluminium, ferrochrome, and mining businesses in Odisha. The founder of Vedanta Resources made this...
The Indonesian state-owned corporation PT Perusahaan Listrik Negara (PLN), which has a monopoly on electric power distribution in the country, has agreed to supply the energy needs of mining company PT Bintan Alumina Indonesia (BAI) until 2050. A Memorandum of Understanding (MoU) was inked in the...
IMIDRO reported that its subsidiaries had produced 222,053 tonnes of primary aluminium in the current fiscal year's first four months (March 21-July 22) to register a 27% increase in production compared with the same phase of the previous fiscal year. The Iranian Mines & Mining Industries...
The Guinean government hosted mining operators at the Prime Minister's office at the initiative of Prime Minister Bernard Goumou, accompanied by the Minister of Mines and Geology Moussa Magassouba and senior executives from his office. This meeting aimed to re-establish trust between mining...
The Australian bauxite mining company Metro Mining has posted a loss of A$29.4 million for H1 2022 and as a result of poor weather conditions in Far North Queensland, production expectations have been marginally decreased for the entire year. Throughout 2022, Metro has experienced bad weather, with...
NALCO-operated Panchpatmali Bauxite Mine has secured the prestigious Greentech Quality and Innovation Awards 2022 for its outstanding achievements in the 'Quality Improvement in Processes' category. Greentech Foundation presented the award during its occasion at Taj Vivanta, Guwahati. Greentech...
Ghana Integrated Aluminum Development Corporation (GIADEC) believes it can raise nearly US$6 billion in private finance to achieve a unified aluminium sector. It also hopes that the integrated aluminium development plan would help Ghana's packaging, pharmaceutical, electric cable manufacturing, and...
Last year South32 witnessed a rise in annual revenue, amounting to US$2.67 billion or AU$3.87 billion in total, owing to systematically augmenting prices of raw materials like metallurgical coal and aluminium. The diversified miner made the highest profit since its inception in 2015, owing to a...
The Akufo-Addo government in Ghana has inked an agreement with Messrs Thelo DB Consortium of South Africa and Ghanaian firm Transtech Consult Limited for upgrading the Western Corridor railway track to simplify the coherent movement of freight as well as passengers. As part of the government's...
The comprehensive natural gas-based fuels products and services company, West Africa LNG Group (WALNG), has secured an equity financing round for an LNG import terminal in Guinea with a US-based investor group. With the Guinean government's request for a competitively priced, environmentally...
Samri Bauxite mines of Hindalco don't portray a large, red, rugged landscape with dust flying all around. This reclaimed mining land has been thoughtfully redesigned to foster new livelihoods and lifestyles. Over 6 hectares of mined-out land have been converted into a tea garden, biodiversity park,...
An environmental NGO, A Rocha Ghana, has urged the Ghana government and the Ghana Integrated Aluminum Development Corporation (GIADEC) to repeal the decision to mine bauxite in the Atewa forest. A Rocha Ghana (ARG) has emerged as a committed environmental NGO providing practical conservation...
The Jamaican Minister of Mining and Transport, Audley Shaw, stated that the Caribbean Island government is resolutely guaranteeing sustainable bauxite mining in the country to protect the environment. The Minister said, "I want to assure the country that even as we continue to mine for bauxite, we...
Odisha Mining Corporation (OMC), a gold category Public Sector Undertaking established in India, has reported incurring a loss of INR 61 crore ($7.77 million) due to inaccurate costing of bauxite from the Odisha’s Kodingamali block in Koraput and Rayagada districts. The profit-making OMC’s issue...
The government of India is planning to change the pricing structure to determine the Average Selling Price (ASP) of metallurgical-grade bauxite, in a bid to attract private players. In the present scenario, states are unable to auction the existing bauxite mines as companies find the selling price...
