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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New mineral reserves costing over US$ 28.7 billion have been unearthed in Iran by data submitted through the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Rigorous mining expeditions for eight years in Iran have accumulated in IMIDRO’s latest exploration data...
The principal raw material used in the production of aluminium is bauxite and it is used for both metal supply and non-metallurgical needs. As residually enriched rocks, bauxites are composed primarily of Al-hydroxides (gibbsite, boehmite, and diaspore), kaolinite, Fe-oxy-hydroxides, and Ti-oxides,...
Shri Dharmendra Pradhan, India's Union Minister in conversation with Cabinet colleague and Coal Minister Pralhad Joshi, on Thursday, May 5, requested the centres' involvement in the transfer of aluminium through trucks in Angul and Kulad. He made Joshi familiar with the problems faced by the...
Aluminium smelters' raw material costs were mostly steady last week. The removal of import levies and diminishing local demand drove down thermal coal prices. As of Friday, April 29, the complete cost of smelting dropped by RMB 35 per tonne from a week before to stop at RMB 18,220 per tonne, while...
The Perth, Western Australia headquartered mining and metal company, South32 Limited has unveiled the accomplishment of acquisition of an additional 18.2% stake in the Mineração Rio do Norte (MRN) bauxite mine in the northern part of Brazil from Alcoa Corporation (Alcoa). However, the acquisition...
In the West African nation Ghana, Rocksure International Limited, a contract mining company has over the years developed a substantial capacity and flexibility for executing measures to encounter the challenges of planning, equipping and staffing several mining sites. The Accra headquartered...
JISCO Alpart, specialised in the refining of bauxite ore into alumina, is eyeing to mine more ore to feed its refinery, which is expanding at a cost of US$1.1 billion. As per the report, the bauxite-alumina producer will dig through 700 acres of land known as the ‘Outer Valley,’ requiring the...
Mining major Vedanta is taking multiple steps this year to upgrade its margins, from increasing its portfolio of value-added products to sourcing raw materials from captive mines. During its recently completed fiscal year, the company had an EBITDA margin of almost 35%. The Indian multinational...
One of the fastest-growing mining companies in the world, the Saudi Arabian Mining Company (Ma’aden) has booked a net profit of SR2.9 billion ($772.2 million) for Q1 2022, reflecting a growth of 246% in comparison to the same phase previous, a benchmark of its own created. An announcement of its...
On Wednesday, April 27, Hon. Samuel Abu Jinapor (MP), Minister of Lands and Natural Resources announced that aluminium has been globally identified by the government as a critical commodity for the energy transition initiative. The announcement was made while he was leading a Ghanaian delegation to...
The heightened demand for heavy industry products has instigated Coates Industrial Solutions from Australia to release a white paper on how companies might address the resource question, keeping safety and performance in mind during planned shutdowns and maintenance events. During the above...
Graham Kerr, the CEO of South32 does not anticipate a global recession but said that the economic outlook is dormant because of the war in Europe, the Covid epidemic in China and rising commodity prices that may worsen in the coming months. On Tuesday, mining and energy stocks were mostly released...
Under President Akufo-Addo’s government in Ghana, the Minister of Lands and Natural Resources Samuel Abu Jinapor has assured people for no deliberate exploitation of the Atewa Forest area. They will rather try to utilise it for the benefit of the Ghanaian people. “Government and GIADEC continue to...
The West African nation Ghana, which gained independence as the first sub-Saharan nation has invited Indian organizations in the capacity of mineral refining including bauxite among other minerals like gold, lithium, diamond, crude oil and manganese. to explore investment paths. Kwaku...
Mostly known for their vanadium and gold, an Australian mining company King River Resources is attempting to divert avenues towards high purity alumina or ‘HPA’ space, exploring their addition to the Department of Science, Energy and Resources’ Critical Minerals list. The ASX registered high purity...
The West African nation, Guinea which is recognised as the world's biggest exporter of bauxite is currently ruled by the Guinean military junta’s resolution to amplify the revenue generation from its bauxite and iron ore resources is anticipated to hurt the Chinese endeavour to make an invasion...
During the period 2020-2021, Odisha produced minerals worth INR 27,997 crore and had the biggest proportion of Bauxite and Iron Ore production in India. As per the Union Ministry of Mines, Odisha had 149 reporting mines in 2020-21. The state owns 76 percent of bauxite output and 51 percent of iron...
According to the data shared by the government, India’s mineral production had heightened by 13.2% Y-o-Y from April to February 2021-22. In February 2022, around 2120 thousand tonnes of bauxite was produced, reflecting a year-on-year surge of 8.3%. On Thursday, April 14, the Ministry of Mines...
