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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Mining stock Lindian Resources (LIN) has announced an update about its recently bought Lelouma Bauxite Project in Guinea. In late September, Lindian acquired a controlling stake in the bauxite project by signing an agreement to buy 75 per cent of its owner Sarmin Bauxite. The deal is, however,...
Noranda Jamaica Bauxite Partners II (Noranda Bauxite) plants 2,020 trees to observe Jamaica’s National Tree Planting Day on 2 nd October. Noranda Bauxite’s participation in this event is indicative of the longstanding partnership that exists between agriculture and mining in St. Ann, Jamaica. Most...
The BUMN mining holding or Mining Industry Indonesia (MIND ID) is still working on several strategic projects even amid the COVID-19 pandemic, one of which is the Smelter Grade Alumina Refinery (SGAR). This project is a collaboration between PT Indonesia Asahan Aluminum (Inalum) and PT Aneka...
Vedanta, the globally diversified metal and mining company appointed MK Razdan, the former CEO and editor-in-chief of PTI as a Senior Advisor for the Corporate Communications team. He will be based out of Delhi. Razdan is a well-known name in the industry and has spent over three decades in the...
On 23 rd September’20, Lindian Resources announced that it has signed a binding agreement to acquire a 75% interest in Sarmin Bauxite Limited, a private company that holds the rights for the Lelouma Bauxite Project in Guinea. Lindian will get the opportunity to earn a 75% stake in the 847 million...
Indian mining and metal tycoon Anil Agarwal, who made a fortune acquiring, state-owned companies and revamping them, is drawing up to raise an investment fund targeting turnaround opportunities in the country, as per industry sources. The Founder and chairman of Vedanta Resources Ltd. is working...
Even amidst the slowdown in mining activities at the Bauxite Hills Mine, Queensland, in the wake of the COVID-19 pandemic, Metro Mining Limited has not witnessed any dive in its shipments. Rather the company’s shipments have continued to grow, having August shipping rates returned to the levels...
Ghana is looking for domestic or international partners to support the restoration and upgrading the state-owned Volta Aluminum Company’s (VALCO) smelter, to reach its production capacity of 300,000 tonnes per year by 2025. The Ghana Integrated Aluminum Development Corporation (GIADEC) has conveyed...
Damansara Realty Bhd (DBhd) said in a statement that its subsidiary has engaged into a term sheet agreement with YHS Resources Sdn Bhd to commence work on a bauxite mining project in Kuantan, Pahang. The proposed mining activity will be carried out on four plots of land measuring a total of 145...
Last week, on August 20, Australian Bauxite Limited (ABx) announced that it completed the shipment of its most recent sale of 33,405 tonnes of cement-grade bauxite from Bald Hill bauxite mine near Campbell Town, Tasmania. The firm said the loading at the Bell Bay port commenced on Monday, August...
The global bauxite production for 2020 has been predicted to shrink by 0.1%, to 344 mt, as per the UK headquartered data analytics and consulting company GlobalData, production is hardly affected by the interim halt of mines due to COVID-19 epidemic. GlobalData stated that the production in...
Emirates Global Aluminium, today, August 19, has marked a year since its first bauxite export from wholly-owned mining subsidiary Guinea Alumina Corporation. In last one year, EGA has exported over 6.1 million dry metric tonnes of bauxite ore to customers around the world, while maintaining a...
Metro Mining Limited has announced that it is moving into the planned 2020 wet season shutdown earlier than usual. The decision has been made given the ongoing pandemic of COVID-19 which continues to have an adverse impact on the market demand and price in the aluminium industry. Mining at the...
Metro Mining provides production and shipping results for July 2020. The company’s July mining was slightly ahead of budget and in line with performance achieved year to date. Metro Mining produced 501,000 wet metric tonnes (WMT) of bauxite in July, down from 505,000 tonnes in June. The...
Metro Mining planned to shutdown Bauxite Hills mine for wet season if further sales cannot be concluded in the next month. The company has not sold bauxite for 2020 outside the foundation Xinfa contract. “Negotiations with refineries continue to advance, however no further bauxite has been sold for...
The West African country, Guinea ranks as the world’s second-largest bauxite exporter, as said by Ibrahima Kassory Fofana, Prime Minister on 5 th July’20, during the occasion of the launch of the national convention of the People's Rally of Guinea. According to Kassory Fofana: In the last ten years...
The country's top seven industries in order are steel, coal, iron ore, lead, zinc, manganese and aluminium. Mining output, which accounted for more than 10% of industrial production, rose by 10.4% in 2000. Bosnia and Herzegovina was a major centre for metallurgical industries in the former...
PT Cita Mineral Investindo Tbk presumes that the performance of its bauxite and alumina business will pursue to grow for the left-over 2020, despite the challenges of the COVID-19 pandemic. The company is yet to report its results for the first half of operational performance. During Q1 of 2020,...
