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 Japanese multinational conglomerate, Mitsubishi Corporation has announced that it has reached an agreement with Anglo-Swiss multinational commodity trading and mining company Glencore Plc to acquire a 30% stake in the Aurukun Bauxite Project in Australia. Presently, Glencore is the whole owner...
On 14 th March 2021, the protest of the workers of Mythri Infra Limited Company at Kodingamali under Laxmipur block in the district has crossed 45 days, as discussions among multiple stakeholders pursued to remain inconclusive regarding their retrenchment and demand of minimum wages as per the...
On 6 th March 2021, the Odisha cabinet held a meeting, where it approved the proposal of the state government to authorize Odisha Mining Corporation (OMC) to sell the entire quantity of bauxite ore meant for sale through national e-auction for 2020-21 at the rate of INR 1,000 per tonne. As decided,...
In 2017, Bel Air Mining was established in Guinea and now in 2021, it is in a deep financial crisis. The Guinean subsidiary of Alufer Mining Ltd., which exploits bauxite in the Boffa region, has been severely affected due to the recent slash in prices and the increase in freight and restrictions...
Global mining and metal giant Rio Tinto has been slapped with a $406.5 million bill as part of its latest dispute with the Australian Taxation Office. Jakob Stausholm, the new CEO of Rio Tinto was in Melbourne lately, as the mining company is trying to remodel its reputation in the wake of the...
One of the world's largest exporters of metallurgical bauxite, operating mines located in the northwest of the Republic of Guinea, Compagnie des Bauxites de Guinée (CBG) has paid a total of $471 million during 2015 and 2019, as reported by the senior officials from the Ministry of Mines and...
The Self-reliant India movement, a vision drawn by Narendra Modi, Prime Minister of India to make India a global manufacturing hub and aluminium industry is all set to play a key role in the movement. Presently, the worldwide manufacturing sectors like aerospace, space exploration, national...
Bonasika Bauxite, a direct shipping ore (DSO) project, whose development has been initiated in Guyana. Guyana Industrial Minerals (GINMIN), a subsidiary of First Bauxite Corporation, remains the project developer. As per the plan, Bauxite from the Bonasika project will undergo mining and...
Phillip Gallagher, the Managing Director of Canyon Resources and Rick Smith, the new Camalco Director-General hosted a visit on 25 th January 2021, to the Minim Martap Project site by His Excellency Gabrielle Ndoko, the Minister of Mines – Govt. of Cameroon, the Secretary of State to the Minister...
On 18 th February 2021, Naveen Patnaik, the Chief Minister of India’s eastern state Odisha, stated that his state has the prospect to emerge as a global hub in aluminium and other mining industries. During the inauguration ceremony of the two iron ore mines at Guali and Jilling in Keonjhar...
Aluminium ingot production in Iran rose 65 per cent to 364,783 tonnes during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021) compared to the same period of the previous year. In the tenth month of the year ending on January 19, 2021, aluminium ingot...
On Wednesday, February 17, Rio Tinto has announced that it changed its estimates of Ore Reserves and Mineral Resources at Rio Tinto Aluminium (RTA) Pacific Operations’ Weipa and Gove assets. The estimate has been decreased by 305 Mt from 1,530 Mt to 1,224 Mt. The reduction in Ore Reserve estimate...
Leonardo DiCaprio, the eminent Hollywood celebrity who acted in movies like Titanic, Blood Diamond and many other movies, has called on the Govt. of Ghana to ensure the 'Atewa Forest' remains safe. On his Twitter handle, the world-renowned actor indicated that the Forest in Ghana is one of the...
On 14 th February 2021, Guinea’s Minister of Mines and Geology paid a visit to the Balaya bauxite mining site in the prefecture of Kindia, before proceeding to the inauguration of the new bridge located in the locality of Féréfou, under the sub-prefecture of Friguiagbè. The minister was accompanied...
The bauxite mining company Compagnie des Bauxites de Guinée SA (CBG) is likely to take forward the long-due dispute settlement with local communities over the resettlement of a bauxite mine. According to a report, now Rio Tinto has provided expertise to CBG to help settle the dispute, which has...
RUSAL has announced that the management of the Company's Representative office in Guinea has been awarded the Guinea Best Company Awards for its contribution to the fight against COVID-19 and socially responsible policy during the pandemic. The Guinea Best Company Awards event is organised annually...
Norsk Hydro the globally integrated aluminium giant has been sued by a group of communities in Brazil. Around 40,000 Brazilians are involved in the lawsuit against Norwegian aluminium producer, as they stated, it is toxic waste pollution the company is causing in northern Brazil. The communities...
Guinean mining logistics company United Mining Supply (UMS) is looking for sourcing alumina to produce specialty alumina at Alteo plant in France. This news came in late January after UMS chairman Fadi Wazni told S&P Global Platts. UMS took over the charge of Alteo’s production site near the...
