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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A group calling itself the Concerned Citizens of Atewa Landscape has urged Ghana government to rescind plans to mine bauxite in the Atewa Forest Reserve. Three major river bodies, Ayensu, Densu and Birim, will be affected if bauxite mining activities are allowed in the region, citifmonline...
Odisha Mining Corporation (OMC), a state run mining entity, is all set to conduct the first ever national e-auction for bauxite in April. The deadline for registration to participate at the national auctions for bauxite is March 23. At the national e-auction, OMC will directly deal with the...
Mineral Resources Minister of Fiji Faiyaz Koya says that payments of $1.7m revenue were paid to the landowners in Nawailevu, Bua and Naibiulu and $781,000 was paid to the government. Bauxite is mined from 408 hectares of prospective zones in the Nawailevu area in Bua and part of the Naibulu East...
Amidst the uncertainty over the restarting of mining operations in Pahang, Natural Resources and Environment Minister Datuk Seri Wan Junaidi Tuanku Jaafar announced that the Standard Operating Procedure (SOP) for bauxite mining activities in Pahang is expected to be completed by June 2018. He added...
All the mining equipment belonging to Exton Cubic Group Limited, which was seized on the instruction of the Ashanti Regional Minister, Simon Osei Mensah, and the District Chief Executive of the Atwima Mponua District, has been released. Simon Osei Mensah has directed the regional police command to...
Ministry of Mines is set to auction around 10 bauxite blocks in the month of March and April, 2018 in a bid to enhance India’s aluminium production, a senior government official said. Mines Secretary Arun Kumar said: “We are well endowed with bauxite reserves and I am aware that some industries are...
High Court has set February 5, 2018, to give a ruling on in a suit filed against Ashanti Regional Minister by Exton Cubic Group over the seizure of their mining equipment. The Attorney General yesterday explained to the High Court Human Rights Court Division that the State needs more time in Exton...
Odisha Mining Corporation (OMC), a state run mining entity, has announced that they have received all clearances for Kodingamali bauxite mine and expects to commence operation at the mine in two months. "We have all clearances in place for Kodingamali. Hopefully, mining activity will take off in...
Government has decided to release the seized mining equipment belonging to Exton Cubic following the cancellation of revocation order of bauxite mining lease. The company’s bauxite mining lease was revoked by the Lands and Natural Resources Ministry in September last year. The mining equipment was...
India’s Odisha government may collect INR 270 billion from bauxite miners and miners of other minerals for indulging in excess production. The government has planned to send demand notices to the non-ferrous mine leaseholders for extracting beyond the approved limits. A government official said:...
Exton Cubic Limited has welcomed High Court decision allowing the company to explore bauxite in the Ashanti Region. Godwin Edudzi Tamakloe, a member of the company’s legal team told Citi News that the company is happy with the court’s verdict. The Accra High Court on Thursday, 8 February 2018,...
India’s major industrial mineral production including iron ore, bauxite, limestone, chromium and manganese may witness a 5-8 per cent growth this year, a senior Ministry of Mines official said yesterday in Hyderabad. The volume growth will be reflected in much higher value terms in comparison to...
One country that has come a long way as bauxite exporter in last three years is Montenegro. The Balkan country grew its aluminium ore exports from 185969.5 tonnes in 2015 to 1.29 million tonnes in 2017 (estimated). Going by available international trade data, Montenegro is estimated to export 1.02...
Kamran Nabizade, Director General of the Azerbaijan Industrial Corporation, announced on February 7, that the country intended to restart aluminium plant to reduce its reliance on imports. He said: “The goal is to organize the manufacture of primary and final aluminium products. This will make it...
High Court on Thursday has cancelled ministry of lands and natural resources minister John Peter Amewu’s revocation of bauxite mining lease of Exton Cubic. The Accra High Court’s decision indicates that the company can now explore bauxite in the Ashanti Region. Justice Kweku Ackah-Boafo said that...
Bauxite Resources has lodged a Supplementary Target’s Statement on Feb 2 in relation to the recent Bidder’s Statement for the Off Market Cash Offer from Mercantile OFM. Mercantile OFM recently increased its offer to 11 cents per share for 50% of your shares in BRL (6 cents per share after the 5...
Guinea has started 2018 with big export plans. One of its bauxite mining companies La Guineenne des Mines (GDM) announced shipment of their first bauxite consignment from a western Boke project yesterday. The miner said it aims to export 2 to 4 million tonnes bauxite this year. Guinea has been...
The sudden halt in Malaysia’s bauxite mining growth has put many bauxite miners in the South-East Asian mineral-rich country in financial lows. WZ Satu Bhd, for example, reported a sharp decline its net profit for the first quarter ended November 30, 2017. The Main Market-listed diversified company...
