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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On 30 th April’2021, the International Monetary Fund (IMF) reported on a virtual mission that in 2020, the economy of the West African nation, Guinea has grown 7% on Y-o-Y amid the dual pandemic of Covid-19 and Ebola. The growth figure reported is even well above the 5.2% previously forecasted by...
The limited liability company which was incorporated on February 13, 1975, Jamaica Bauxite Mining Limited (JBM), where the company holds 51% equity, on behalf of the Government, in the operations of Noranda Jamaica Bauxite Partners in St. Ann, is eyeing to initiate the up-gradation work of Ocho...
Metro Mining reported sharp increase in Ocean Freight costs across all vessel classes in the first quarter of 2021.The increase was due to new and longer shipping routes caused by changing Chinese buying patterns, stronger commodity prices, limited new vessel builds during 2020 with the uncertainty...
On 28 th April 2021, at the Dapilon bauxite mining site in Boke tension rose high, as the workers from the WAP company blocked the road to the mining port, halting the transport of bauxite. As per our report, the workers' primary demand in particular is the renewal of their union office whose...
The Indonesia based PT Cita Mineral Investindo Tbk (CITA), a bauxite mining company and the first Smelter Grade Alumina (SGA) producer in the nation through its associated entity PT Well Harvest Winning Alumina Refinery (WHW), yielded a positive performance in 2020, amid the impact of the Covid-19...
On Tuesday, April 20, Kodingamali bauxite mine workers reportedly called off their protest after 83 days of staging dharna in front of Collector’s Office demanding proper wages as per the labour norms. As the report stated, the members of Kodingamali Mine Workers Association submitted a memorandum...
Iran’s state-run institution ‘The Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) publicised a report that the nation’s aluminium production in the year to March 2021 leapt 61% from the previous year to nearly half a million tonnes. The report stated that the...
The management of the Ghana Gas Company has engaged in a series of stakeholder consultative meetings on a proposal to cite a distribution plant at Adupri, a community in the Atwima Mponua District of the Ashanti region. It has come as the government’s primary intention to mine the Bauxite deposits...
Rusal, a completely vertically integrated aluminium company has donated a bauxite quality control and analysis laboratory to Guinea. RUSAL has been operating successfully for 20 years in the Guinea mining sector. On 12 th April 2021, the official handover of this laboratory took place in the...
Like the global aluminium industry, Ghana’s new integrated aluminium industry is going to be highly-energy intensive, requiring 500 megawatts of direct and stable power supply to be able to operate effectively. Ghana is in the process of expanding its existing bauxite mine in Awaso and developing...
Ionic Rare Earths Limited (IonicRE) has inked a Memorandum of Understanding with rare earth miner Aluminium Corporation of China subsidiary, China Rare Metals and Rare Earth (Jiangsu) Co., Ltd for the development of its Makuutu Rare Earths Project in Uganda. Both the parties will cooperate to...
Seth Adjei, Technical Director of the Ghana Integrated Aluminium Development Corporation (GIADEC), has disregarded the propaganda as he professes that the entire Atewa Forest stands irreversible destruction should government proceed with plans to mine bauxite. While attending a workshop on the...
The globally diversified mining and metal firm Vedanta Resources has stated that it contributed $4.66 billion to the public exchequer in India during the FY20. According to the latest report, Vedanta Resources said: “Overall contributions to public exchequers of various countries stood at $4.7...
Metro Mining Limited will restart operations at Bauxite Hills Mine after the northern Australia wet season. Operations are planned to resume on 19 April. The company aims to mine and ship 4.0M wet metric tonnes (WMT) of bauxite between April and December. Negotiations for additional sales are...
The exploration mining company, King River Resources, with holdings at Speewah and Mt Remarkable in the Kimberley region of northern Western Australia and at Tennant Creek in the Northern Territory reflects its share price mounting 27%, gliding on the news that the company has managed to produce...
Our sources reported on 23 rd March 2021, an investigation was opened in Paris after a complaint about corruption in the exploitation of bauxite in Guinea comprising President Alpha Condé, several of his relatives and mining companies. This preliminary investigation, opened by the National...
Tasmania and Queensland bauxite deposits have been reported with treasured rare-earth elements. The reliability of the ongoing supply of rare-earth elements is a cause of concern for multiple countries and industries, as the major producer, China is all set to restrict its supply. Several advanced...
The Chinese state-owned firm Sinohydro which deal with Ghana for bauxite mining brings out heavily condemnation from global environmentalists, as they warned that bauxite mining in the country’s crucial forests region would façade environmental risks. The West African nation, Ghana, signed bauxite...
