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...
Grow with
AL Circle
Australian Bauxite Limited is ready to make shipment from its Bald Hill mine near Campbell Town northern Tasmania ahead of schedule. The company will ship 35,000 tonnes of cement grade bauxite from the mine on 8 August. Australian Bauxite Limited is able to press ahead during the COVID-19 pandemic....
The Indonesian Mining Association (IMA) appealed that an increase in value-added or in the mining sector still needed to work on seriously, especially for bauxite commodities. Djoko Widajatno, Executive Director, IMA revealed bauxite is a mineral that does not have much reserves compared to other...
On 21 st July’20, the Ivory Coast Government relinquished all powers to Lagune Exploitation Bongouanou SA, to develop the Bénéné bauxite project. This is the only mining company owned by Ivorian private capital. This concession is the outcome of the signing of addendum n ° 1 to the mining agreement...
The Government of India is evaluating a drive to unlock about 500 mineral blocks through an open and transparent auction by repealing Section 10A2 (b) of MMDR Act under the ‘Self-reliant India” vision. The drive is surmounted to support unlocking of more than a billion tonne of mineral reserves and...
Edward Boateng, Ghana’s Ambassador to China, has assured that due process is being followed by the Ghana Integrated Aluminium Development Corporation, GIADEC, to ensure that Ghana benefits sufficiently from the expected bauxite mining. Government’s plan to mine bauxite in the Atewa Forest Reserve,...
Power supply to Hydro’s Paragominas bauxite mine, in the state of Pará in northern Brazil, has been reportedly restored, allowing the production at the mine to recommence. The three transmission towers that overturned, leading to a power outage and temporary production halt at Paragominas mine,...
Utkal Alumina International Limited (UAIL) has mounted a holistic CSR strategy. Its main attempt is to be substantive to the lives of the underprivileged. Through its development initiatives, it has helped in enhancing the socio-economic conditions of people in these areas. The development...
Aluminium Corporation of China Limited, popularly known as Chalco, has reported in a written statement that it is all set to send its shipment from a bauxite mine in Boffa, Guinea. A large ocean-going ship laden with high-quality bauxite from Boffa will soon arrive at the Fangchenggang port in the...
The International Monetary Fund (IMF) has endorsed $148 million in emergency credit to Guinea to strengthen its economy as the COVID-19 pandemic persistent to ransack the global economy. The fund would support to brace the economy after a hard-hit from the pandemic that is weakening the nation’s...
Andru Minerals, which owns eight mining leases in Vanthada village of Prathipadu Mandal, East Godavari district, has claimed that the allegations made on them of sending the laterite that they mine to Vedanta hold no truth, according to a recent report. In a press release, Andru Minerals stated...
Hydro’s production at Paragominas bauxite mine is at a temporary halt due to power supply cut as three power transmission towers overturned on Saturday, June 20. Repair work has started and regular power supply to Paragominas is expected to resume within the next two to three weeks. The Paragominas...
On 18 th June’20, The Prime Minister of India Narendra Modi initiated the auction of 41 coal blocks for commercial mining video-conference. The allocation of the mines has been adopted with a two-stage e-auction. The decision was part of the announcements made by the Government of India under the...
Australian Bauxite Limited has announced that mining and screening operations are well advanced at its Bald Hill mine, Tasmania. Trucking to port has started to assemble the next cargo of cement-grade bauxite to its customer’s specifications. Australian Bauxite has secured sales contracts for...
According to the data shown by the US Geological Survey on bauxite and alumina imports in the first quarter of 2020, the United States imported 775,000 tonnes of crude and dried bauxite, down by 22.5 per cent from 1 million tonnes of imports in the fourth quarter of 2019. However, when compared to...
Jone Usamate, Minister for Lands and Minerals Resources, Fiji Govt. has been to Vanua Levu on his first official visit of the North since taking up the position. Usamate initiated his tour from Bua and stated that he hopes to be able to identify bottlenecks in the system and address issues related...
The Tamale interchange project funded under a barter arrangement between the governments of Ghana and China’s Sinohydro ltd is one of the multi-priority infrastructural projects worth $2 billion in exchange for Ghana’s refined bauxite. The project which is expected to be completed within 24 months...
Even amidst the sluggish aluminium demand and low prices caused by the COVID-19 pandemic, Vedanta Limited has been able to trim its aluminium Cost of Production (CoP) in the fourth quarter of FY20 by 20 per cent year-on-year to $1451 per tonne, according to a recent report. In the full financial...
On 9 th June’20, Saudi Arabia’s cabinet has approved a new mining law that has an objective to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons. Bandar Alkhorayef, Minister of Mining and Industry said: “The new law facilitates investor...
