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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Metro Mining announced production and shipping results for June 2021. Bauxite production was 729,000 wet metric tonnes (WMT) in June quarter, down from 1.419 million tonnes in June quarter 2020. The company’s June quarter bauxite shipments stood at 629,000 WMT. That was down from 1.251 million WMT....
Lindian Resources Limited has in excess of one billion tonnes of bauxite resources in the Republic of Guinea, which the company is contemplating to turn into production. Guinea is the world’s second-largest bauxite producer after Australia and the leading supplier of bauxite ore into China. In...
The Brisbane based Australian exploration and mining company, Metro Mining (MMI) stood short of capital raise by around $8.64 million in the retail segment of a $25.5 million capital raising plan. The Bauxite Hills flagship project operating company planned to raise just over $15 million from...
On 13th July 2021, the Saudi Arabian Mining Co, Ma'aden inked a five-year deal to procure calcined petroleum coke from a Saudi company for its Ras Al Khair aluminium smelter. Ma'aden Aluminium smelter in Ras Al Khair will procure 100,000 tonnes a year of the calcined petroleum coke, which will be...
The innovative business by Australian Bauxite Limited, which has developed new technologies to improve bauxite application across the aluminium, cement and fertiliser industries has shown the intent of another new and larger bauxite mine at Fingal Rail, near Conara in Tasmania. Since 2015, the...
On 22nd June 2021, Vedanta stated that the coal block which has been allotted would deliver fuel security, enhance power availability and also strengthen the aluminium operations, once it gets fully functional. Vedanta released the statement immediately after it emerged as the successful bidder for...
The world bauxite market this week during May 14-18 witnessed a myriad of events starting from Compagnie des Bauxites de Guinée’s (CBG) official launch of new visual identity to the appointment of André Henry by Canyon Resources Limited as Director of Port and Rail for Camalco SA. Compagnie des...
Guinea, known for having the world’s largest bauxite reserves, is set to expand production after the Societe Miniere de Boke’s (SMB) railway project is complete linking Santou II and Houda blocks to the Port of Dapilon. The railway project has been inaugurated on Wednesday, June 16, whereby...
Bauxite market this week saw a few developments such as Ghana’s confirmation on the ongoing process of expanding the existing bauxite mine in Awaso and developing additional mines in Nyinahin and Kyebi. The West African nation Ghana, which ranks as one of the fastest-growing economies in Africa and...
The Franco-Guinean bauxite tycoon Fadi Wazni chaired SMB-Winning Consortium has been building a railway track for more than 2 years to be used for the exploitation of its mining activities. On 25th May 2021, the first rail link which connects the mining area of Santou to the new river port of...
The West African nation, Ghana which ranks as one of the fastest-growing economies in Africa and where bauxite mining keeps on to be the most happening news in the past few months, has confirmed the ongoing process of expanding the existing bauxite mine in Awaso, as well as developing additional...
The Jamaican Minister of Transport and Mining, Robert Montague stated that the government has revised the Cockpit Country mining agreement. As confirmed by the minister, the amendment incorporates the eradication of 6,000 hectares of land, which are adjoining to the Cockpit Country, from the...
Emirates Global Aluminium, the world’s largest producer of ‘premium aluminium’, with smelters in Abu Dhabi and Dubai, has unveiled its new corporate purpose: Together, innovating aluminium to make modern life possible. The company also aims to achieve its new mission—to generate value from mining...
On 20 th May 2021, the bauxite explorer, producer and mining company, Australian Bauxite (ABX) has called for a two-day trading halt, as it all set to tap investors for some new funding through a capital raising plan. However, ABX is yet to detail the amount it is going to raise or the way to raise...
South32 targets 50 per cent cut in its Scope 1 and 2 operational emissions by 2035, after announcing the sale of its South African thermal coal assets with mining group Seriti Resources. “We are sustainably reshaping our business for a low carbon future by increasing our exposure to base metals. We...
Mining Industry Indonesia (MIND ID) has assigned a capital expenditure (capex) of Rp 29 trillion (US$2.05 billion) for the year 2021, with a focus on developing an alumina refinery. MIND ID president director Orias Petrus Moedak said last week that of the total allotted fund, Rp 2 trillion would be...
The Federal Government of Nigeria has committed to revive the Aluminium Smelter Company of Nigeria (ALSCON) for sustainable commercial operations. According to the Federal government, this was part of efforts that were being articulated to actualize its vision of creating a flourishing nation...
Hydro has reportedly certified eleven companies in Paragominas under its Supplier Development Program, which included training in Strategic Management, Commercial Intelligence, Operational Management, and Industry 4.0. Local companies that serve Mineração Paragominas SA were selected on criteria...
