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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Rio Tinto releases production results for the second quarter of 2018. Bauxite production reported an increase and alumina and aluminium production reported a drop both in second quarter as well as in H1 2018. Rio Tinto chief executive J-S Jacques said “Operational performance was solid across most...
A member of the Concerned Citizens of Atewa, Oteng Adjei, at a press conference on Thursday has charged the President, Nana Akufo-Addo to break his silence on government’s decision to mine bauxite in the Atewa forest. According to the group, the President has refused to respond to an earlier...
Australia based company Collerina Cobalt Limited has declared that it is going to raise a fund of around A$ 4 million through a one-for-ten rights issue, priced at 8c each, for advancing high purity alumina (HPA) first process at its Collerina project in New South Wales. The issue price of 8c a...
Normality has been restored at New Day Aluminium (Jamaica) Limited since when it received order from the Industrial Disputes Tribunal (IDT), on Friday, July 6, 2018, for hourly paid workers to end a week-long-go slow. The workers had been on go-slow since June 28, supporting the University and...
Africa is contributing about 32% of the global bauxite resources. It’s an irony that some of the poorest countries in the world possess the richest bauxite reserves. Africa, though poorly explored as of date, does possess some of the richest reserves of Gibbsitic bauxite. The known reserves are...
Bauxite mining operators and settlers in Bukit Goh, Malaysia, which once used to be a lucrative spot for bauxite mining activities, are still resting in the uncertainty over bauxite mining, even after the mining moratorium ended on June 30. The previous government had extended the moratorium seven...
Metro Mining has announced detailed production and shipping results for the June Quarter. The company’s Bauxite Hills Mine in Queensland has experienced a steady ramp-up and is approaching the budgeted operating rates and achieving consistent results on a daily basis. Image Source:Metro Mining...
According to the international export-import statistics, bauxite export from Montenegro was estimated at 1.26 million tonnes in 2017. The country exports bauxite mainly to China, Czech Republic, Bosnia Herzegovina, Hong Kong, Poland, Slovakia and Serbia. China is the largest bauxite market for...
Sanctions-hit Russian aluminium giant Rusal has started exporting bauxite from the Dian-Dian bauxite deposit in Guinea’s Boké Province. The exports follow the completion of the first stage of development of the bauxite deposit. With an annual capacity of 3 million tonnes, Dian-Dian is the world's...
First Bauxite Corporation said that it has secured a second bridge loan for its Bonasika Bauxite Project located in Guyana. Resource Capital Fund VI L.P. (RCF VI) will provide additional financing under a second bridge loan facility to the company in the principal amount of up to US$10 million. The...
Ghana Vice-President Dr. Mahamudu Bawumia has assured a new bill to establish that the Ghana Integrated Bauxite and Aluminium Development Authority (GIBADA) is not another mining regulatory body. This assurance came from him when the Minerals Commission Board, led by its Chairman S.K. Boafo, paid a...
Rio Tinto has signed a joint venture agreement with Minmetals to explore mineral deposits in China. The 50:50 joint venture follows a technical collaboration contract signed in November 2017 when both companies committed to a collaborative partnership in mineral exploration. Rio Tinto chief...
As confirmed by some trusted sources, Indian operators are going to relaunch the long-awaited Cameroon Alumina Limited’s (CAL) bauxite mining project. It’s been over years now this plan was proposed to set up a Greenfield project involving bauxite mining, a 3 million-tonnes-per-annum alumina...
Speaking at the African Sovereignty Wealth Funds Summit on Friday, June 1, 2018, Ghana Vice-President Dr. Mahamudu Bawumia emphasised that African leaders and businesses should increasingly make the best use of natural resources deposited in the land to create wealth. He said, “Africa has hundreds...
Rio Tinto has completed the sale of its 75 per cent interest in the Winchester South coal development project in Queensland, Australia, to Whitehaven Coal Limited. Total consideration of $200 million is comprised of $150 million in cash received today and an unconditional cash payment of $50...
The Australian mining company, AU Capital Mining, co-owned by Pacific Bauxite, has had its exploration licence suspended in the Solomon Islands. Bradley Tovosia, Minister of Mines in Solomon Islands, said the exploration licence was suspended because the company had not had amicable relations with...
Lagune Exploitation Afrique in Ivory Coast reported that it is in talks with a unit of Sumitomo Corp. to build a partnership and develop a bauxite deposit and two alumina plants for 218 billion CFA francs (US$375 million). More details are not available yet other than the fact that Lagune is...
The two top aluminium producers Vedanta Ltd. and National Aluminium Company Ltd. (Nalco) are wary about the rise in production costs, even after posting robust earnings from aluminium business in the financial year 2017 ended on 31 st of March, 2018. Vedanta’s cost of aluminium production escalated...
