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
Sunday was a proud day for Aboriginal people in Australia's Northern Territory, with the opening of a new bauxite mine. At a ceremony marking the official mine opening, Gumatj leader Galarrwuy Yunupingu poured a handful of bauxite into the hands of two Rio Tinto (LON:RIO) workers, Sky News reported...
The African Development Bank (AfDB) is providing $100 million loan to support bauxite mine construction in northwest Guinea. AfDB said in a statement on Saturday that Guinea Alumina Corporation will operate the new bauxite mine with an annual production capacity of 12 million tonnes. Guinea Alumina...
Mitsui O.S.K .Lines (MOL) has signed a five year bauxite transport contract with Alufer Mining Limited. Alufer is an independent mineral exploration and development company with significant bauxite assets in the Republic of Guinea. Alufer has received all required permission from the government of...
Global leader in the mining and metals sector, Rio Tinto has appointed Simon Thomson as chairman. Thompson, who succeeds Jan du Plessis will assume office on March 5, 2018. Rio senior independent director Ann Godbehere welcomed Thompson saying “The Rio Tinto board would like to thank Jan for his...
An Australian exploration and mining company Metro Mining announced that all major infrastructure had reached practical completion including the Barge Loading Facility (BLF), Marine Offloading Facility, cyclone moorings, navigational aids and tidal gauge. Metro Mining Managing Director Simon...
The Pahang government still faces various problems relating to bauxite mining, despite the federal government having imposed a moratorium on the activity, Menteri Besar Adnan Yaakob told the State Assembly. Adnan said the problems included failure of bauxite mining operators to comply with the time...
The bauxite industry is likely to see improvements in its performance with the increase in world demand for aluminum, and the construction of a new mine in 2018. The construction of a mine at Bonasika next year is anticipated to benefit the industry with added productive capacity, Minister of...
Australian miner outh32 announced on Monday that it will operate SA Energy Coal (SAEC) as a stand-alone business. The company will spend R4.3 billion from April 2018 in SAEC’s Klipspruit Life Extension project. Graham Kerr, CEO of South32, said, "Establishing SA Energy Coal as a stand-alone...
Exton Cubic Group Limited’s application launched at the High Court for judicial review has been postponed to February 2018. The company wishes a renewal of bauxite mining license which was revoked by the Lands and Natural Resources Ministry. The Minister for Lands and Natural Resources John Peter...
IronRidge Resources Limited announced that they have discovered high-grade bauxite at its wholly owned Monogorilby bauxite project in Queensland, Australia. Vincent Mascolo, CEO of IronRidge, said: "We are very pleased with the results of the Company's ongoing mapping and sampling activity at...
Andrew Holness, Prime Minister of Jamaica, announced a ban on mining activities in the Cockpit Country Protected Area, Jamaica. Andrew Holness made the statement in parliament on Tuesday, November 21. Holness said, “In this regard, the Mining Act and any existing mining licences will be amended to...
In an official response to Mercantile chairman Ron Brierley’s comment that “it is time to call a halt” Bauxite Resources said the statement made was “misleading.” Bauxite in its ventures has been satisfactorily successful and continues to make further strides in bauxite exploration and mining...
The Government of India said Wednesday, November 15, that it has decided to further extend the “Public Utility Service” status of the services in the aluminium and aluminium manufacturing and bauxite mining sector for a period of six months. To be effective from November 16, these services come...
The growing demand for bauxite in China is driving domestic integrated aluminium producers to explore opportunities outside China to invest in projects to extract the valuable raw material. A representative from Chalco, a unit of China's biggest state-run firm, Chinalco, said on Thursday that the...
Resources of bauxite in India are placed at around 3.89 billion tonnes of which the amount economically feasible for extraction is 0.656 billion tonnes. The Technology Information, Forecasting and Assessment Council (TIFAC) shared the data during a national level meeting held at Jawaharlal Nehru...
This year’s Asian Mining Congress was inaugurated in Kolkata, India, on November 8. Organized by the Mining Geological and Metallurgical Institute of India (MGMI) and attended by over 800 delegates from all over the world, the event will be held till November 10. The theme of the Congress this year...
ASX-listed Mercantile Investment Company has announced its intention to make a proportional off-market takeover bid for half of fellow-listed Bauxite Resources as part of a plan to put cash back in shareholders’ pocket after a decade of “failed” exploration efforts. In a letter to Bauxite Resources...
MINING giant Rio Tinto has officially decided to never reopen their Gove refinery, and will instead embark on a lengthy, costly and environmentally fraught dismantling operation. The East Arnhem Land refinery has been in ‘care and maintenance mode’ since operations were mothballed and 1100 workers...
