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 5th June'20, Federation of Indian Chamber of Commer and Industry (FICCI) appreciated the Governments direction to auction mineral blocks with pre-embedded clearances and stated the move will attract huge investments. FICCI said: “Increased investments in the mining and metals sector can make the...
The industrial revolution on the European continent began in Belgium. Thus everything was in place for boosting the coal and steel industries in both areas. Other reasons for its industrialization came from its geography. Its proximity to Britain and its strong trading relationship with her allowed...
Bel Air Mining SAS, a member of the Alufer Mining Limited group, developer and producer of bauxite in the prefecture of Boffa, endures supporting local communities and local health centres as well as employees with material and technical support in prevention against the spread of the Covid-19...
On 29 th May’20, the Director-General of the Autonomous Port of Abidjan (PAA), Mr Hien Yacouba SIE witnessed the launch of the first shipment of 20,000 tonnes of Bauxite, at the bulk terminal. It is a first in Ivory Coast. The ore is now one of the products exported from the port. The cargo bound...
On 27 th May’20, the mining company, Vedanta Limited made public that credit rating agency, India Ratings and Research (Ind-Ra) has demoted the long term issuer rating of the company to IND AA- from the earlier rating of IND AA, revising its outlook from stable to negative. The demotion...
Metro Mining Ltd continues to watch closely the market situations forth deciding to formally proceed with stage-2 expansion at the Bauxite Hills Mine in Far North Queensland in Australia. In April’20, the company was instructed by the Queensland Treasury that the Queensland State Government would...
Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has reportedly signed five mining contracts for the first time in its history. This followed the heels of the conclusion of the country’s inaugural mining bidding round last year. The contracts have been signed with three different...
Abdoulaye Magassouba, Minister of Mines and Geology, Guinea stated that: “Iranian companies are capable partners for the development of mining projects.” On 15 th May’20, the Guinea minister while speaking in a video conference with Iranian Deputy Minister of Industry, Mine and Trade Khodadad...
The Indian state-owned coal mining company “Coal India Ltd” has been mandated by the Government of India to replace at least 100 million tonnes of imports with domestically-produced coal in the ongoing fiscal. An official spoke-person of CIL said: “Coal India has a mandate of replacing at least 100...
Mozambique is located on the southeast coast of Africa. It is bound by Swaziland to the south, South Africa to the southwest, Zimbabwe to the west, Zambia and Malawi to the northwest, Tanzania to the north and the Indian Ocean to the east. The below-par quality of the countries bauxite reserves and...
According to World Bank: “Climate-smart principles must steer the global search for the minerals and metals required by the green energy boom to make sure the process remains sustainable.” As per the new study, the global monetary body concluded that sourcing of non-metals, metals, and others for...
Australian Bauxite Limited (ABx) announced that it had been a successful tenderer to deliver a shipment of cement grade bauxite. It shipped 35,000 tonnes plus or minus 10 per cent from Bell Bay, which marked the company’s biggest sale yet of seaborne cement grade bauxite. Being optimistic about the...
Indian Miners apex body Federation of Indian Mineral Industries (FIMI) on 13 th May'20 hailed the INR 20 lakh crore special economic packages, expressing hope that the stimulus will also be used to give relief to highly taxed and struggling mining sector. FIMI said in a statement: "We are grateful...
Rio Tinto is keeping a close watch on merger and acquisition (M&A) opportunities to diversify its portfolio in a bid to overcome market uncertainties caused by the COVID-19. The news came after Rio Tinto chief executive Jean-Sébastien Jacques said in a statement at a virtual presentation at Bank of...
On 12 th May’20, Vedanta Resources stated that mining and metal tycoon Anil Agarwal plans to offer INR 16,200 crore in cash to take the Indian stock exchanges-listed Vedanta Ltd private. The London-based outfit Vedanta Resources which Anil Agarwal delisted in 2018, is offering INR 87.5 for a share...
A lack of domestic bauxite mines means Mexico can't make enough aluminium domestically to meet demand. Aluminium is the world’s second-most-used industrial metal, second only to steel. Mexico’s long-running mining tradition dates back to colonial times, and despite the historically large (and...
Metro Mining published production and shipping results for the month of April. The company said this has been the best start to the year for both mining and shipping. Metro Mining produced 415,000 wet metric tonnes (WMT) of bauxite and shipped 245,000 wet metric tonnes (WMT) at the Bauxite Hills...
Australian Bauxite Ltd. declared that its negotiations for its next cement grade shipment were well advanced, as a bauxite miner is working towards a Tasmanian job augmentation through a cement grade shipment deal. ABx stated in its March quarterly report: "The potential for early commencement of...
