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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It has been reported that the Odisha government is yet to put the state’s bauxite blocks into auction. According to the Ministry of Mines website, till now, six bauxite blocks have been offered for competitive bidding this year and those are all located in Maharashtra. Odisha government has not put...
With the enforcement of the standard operating procedure (SOP) for bauxite mining and export in Pahang, interested parties can now apply for mining licence, Water, Land and Natural Resources Minister Dr Xavier Jayakumar said. The miners need to adhere to the SOP in order to get the approval from...
The Malaysian government has finalized the standard operating procedure (SOP) for bauxite mining and export activities in Pahang with immediate effect. Water, Land and Natural Resources Minister Dr A. Xavier Jayakumar said the SOP was finalized after discussions with various stakeholders including...
Noranda Jamaica Bauxite Partners has said that they are willing to talk with community stakeholders on the subject of bauxite mining in Cockpit Country. However, they insisted on their mining rights on the land officially marked outside the Cockpit Country Protected Area (CCPA). Lance Neita,...
Russia has been trying to rekindle Soviet-era relationships with governments across the African continent and build new ties. While China is dominating as an economic power in the African continent spreading its investment in the mining and infrastructure sector, Russia is building up its own role...
According to a recent report, the Jamaica government is in talks with stakeholders in the vital bauxite industry over falling prices of bauxite/alumina globally. The news came after Mining Minister Robert Montague officially reported about this. He said meetings have already been held with...
Landowners in Pahang have requested the state government to intervene in issuing bauxite mining approvals as the moratorium has been lifted now. According to Sungai Lembing assemblyman, Datuk Md Sohaimi Mohamed Shah, landowners in the bauxite mining area are dissatisfied with the delay in issuing...
The Johor government in Malaysia said it has not received any bauxite mining application on Felda land in Kota Tinggi. The statement came after a report that private investment firm Via East West Capital (VEWC) had signed an MoU with The One Minerals Mining Sdn Bhd (TOMM) for a 7,000 acres of...
Private investment firm Via East West Capital (VEWC) has reportedly signed a memorandum of understanding (MoU) with One Minerals Mining Sdn Bhd to provide funding of RM1.47 billion for 7,000 acres of bauxite mining area in Johor. As per the report, the investment firm will initially give US$50...
Metalsearch, an emerging exploration company, has signed an agreement to acquire Abercorn Kaolin Pty Ltd, which owns the large-scale Cynthia kaolinite discovery in central Queensland. Abercorn plans to develop the kaolin resource into a high purity alumina and commercial-grade aluminium sulphate...
Canyon Resources Limited has recently found high-quality results from aircore drilling at Ngaoundal within Minim Martap Bauxite Project, a World Class, Tier One Bauxite asset in Cameroon. Results averaged 43.5% aluminium oxide and 1.05% silicon dioxide for the 49 aircore holes drilled at the three...
There has been a buzz in the metals market that Indonesia might bring forward a planned ban on mineral ore exports from 2022. However, a key Indonesian mining ministry official said that there is no speculation on whether the government might bring forward a planned ban on mineral ore exports from...
Metro Mining has released results for the month of July and reported bauxite production of 443 thousand wet metric tonnes (WMT) and shipments of 463 thousand wet metric tonnes (WMT). This marks a month-on-month growth of 3.8 per cent in production and 24 per cent in shipments, bringing the total...
Guinea Alumina Corporation (GAC) announced on August 4 that its first ship loaded with metallurgical-grade bauxite sailed from transhipment location near the company’s port in Kamsar to world markets. This marks the first bauxite ore exports from GAC and the beginning of commercial production for...
The Standard Operating Procedure (SOP) for bauxite mining and export in Pahang, Malaysia, is ready to be finalised, bringing miners one step closer to resuming bauxite ore extraction activities. Such was the announcement by Water, Land and Natural Resources Minister Dr. A. Xavier Jayakumar on...
President of the Democratic Republic of the Congo, popularly known as DR Congo, Mr. Felix Tshisekedi has reportedly invited Engineers and Planners to start commercial bauxite mining in the area. Mr. Felix has also sought support from Engineers and Planners to build the capacity of the power sector...
Indonesia is reportedly planning to spend billions of dollars in building aluminium and nickel smelters and reshaping its mining industry, in a bid to cut decades-long dependence on costly imports to meet domestic demand. Report says the Southeast Asian country is seeking to make building smelters...
Alcoa Corporation in the financial results of second quarter 2019 declared that its revenue stood at $2,711 million, compared to $2,719 million in Q1 2019. This indicates the company’s revenue remained flat quarter-on-quarter in Q2 2019. The net loss recorded at $402 million or $2.17 per share, in...
