Maaden secures $1b in oversubscribed financing as Saudi mining push accelerates
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 joins Jindal Steel as COO
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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OMC floats tenders to develop Kodingamali bauxite lease
Odisha Mining Corporation (OMC) has floated tenders to start operations from its Kodingamali bauxite lease.In the first year of operations, OMC, a state-run entity, targets to produce 1.5 million tonnes of bauxite. From second year onwards, the output is set to expand to three million tonnes per...
Northern Territory’s bauxite sales figure stands at $452 million during 2016-2017
According to the NT Mining Production summary, the Northern Territory registered its highest ever minerals sales worth $3.63 billion during the 2016-17 period. Minister for Primary Industry and Resources, Ken Vowles, said “So it is encouraging to see a 19 per cent increase in mining production...
NALCO, HCL, MECL sign MoU to secure overseas minerals sources
India’s three Central Public sector undertakings under the administrative control of Ministry of Mines – National Aluminium Company Ltd (Nalco), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL) –signed an MoU on September 18, 2017, to make the country self-reliant in the...
Mining operations resume in Guinea bauxite hub after delivery disruption
Bauxite mining operations in the Guinean mining hub of Boke resumed this Monday, September 18, after public protests over electricity cuts had disrupted bauxite deliveries since Friday, mining companies and the concerned government officials confirmed. Deliveries from three sites of Societe Miniere...
Coal India to foray into bauxite and other mining activities
Coal India Ltd (CIL) is likely to foray into metal mining of iron ore, bauxite, copper and nickel, according to an official. The company is in the process of identifying the areas where they can diversify. The miner's Director (Marketing) S.N. Prasad said, "We do not want to be known as just a coal...
Metro awards mining contract to SAB for Bauxite Hills Mine
Metro Mining Limited today announced that it awarded the mining contract to SAB Mining (SAB), a private Queensland mining services company, for the operation of the Bauxite Hills Mine in North Queensland. The company started the construction at the mine in July and expects to start mining...
Marcventures merges with two mining firms
Marcventures Holding Inc, engaged in mineral development in the Philippines, is merging with Asia Pilot Mining Philippines Corp (APMPC) and BrightGreen Resources Holdings Inc (BHI) in a deal valued at $22.1 million (P1.125 billion). The company plans to issue a total of 1.125 billion shares priced...
Australian Bauxite shipment ahead of schedule
Australian Bauxite Limited’s shipment of up to 33,000 tonnes of cement grade bauxite to a repeat customer is expected to be fully delivered to the Bell Bay port by September 19. That would be two to three weeks ahead of schedule. The company, which mines at Bald Hill, near Campbell Town, said it...
Saudi Arabia's Ma'aden asks banks to refinance nearly $3 billion of debt
Saudi Arabian Mining Co (Ma’aden), the Gulf’s largest mining company, has asked banks to submit proposals for a loan which would refinance some $2.88 billion of existing debt, sources familiar with the matter said on Wednesday. It sent a request for proposals to banks last week and the banks have...
Henan province to halt construction and expansion of bauxite mines
Henan province, China’s major producer of bauxite, has planned to suspend some bauxite, iron ore and coal mines, according to news posted by Shanghai Metals Market and reported by dahe.cn. The construction and expansion of bauxite mines and pyrite mines in the province will be suspended. The mines...
Pacific Bauxite to raise capital for its bauxite project
Pacific Bauxite Limited, an Australian mineral explorer with a focus on bauxite exploration, mining and production, has identified three large high-grade bauxite reserves at the South West New Georgia Bauxite Project in the Solomon Islands for mining, reported by Proactive Investors. For this,...
Exton Cubic may take legal action over cancellation of bauxite lease
Exton Cubic Limited is considering filing legal suit against the government for revoking company’s Nyinahini mining lease to undertake prospecting of bauxite in the Ashanti Region. The government cancelled the bauxite mining lease yesterday, August 4. Exton Cubic’s Public Relations Officer, Samuel...
Ghana Government to cancel Exton bauxite lease at Nyinahini today
After abruptly cancelling a bauxite concession agreement with Exton Cubic, an indigenous mining firm for bauxite mining at Nyinahini, President Akufo-Addo’s Land and Natural Resources Minister, Mr John Peter Amewu is expected to announce government’s decision to cancel Exton Cubic’s Nyinahini...
Rio Tinto completes divestment of Coal & Allied Industries Limited for $2.69 billion
Rio Tinto has completed the sale of its wholly-owned subsidiary Coal & Allied Industries Limited to Yancoal Australia Limited. From today, Yancoal takes over management of Rio Tinto’s thermal coal business in the Hunter Valley region of New South Wales. Rio Tinto will receive total consideration of...
High purity alumina producer receives approval for kaolin screening and loading facility
Altech Chemicals Limited, aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA), has announced that the Western Australia (WA) Department of Water and Environmental Regulation (DWER) has granted works approval on 25 August 2017 for the construction of kaolin...
Indian mining sector’s quest to modernise technology grabs Australia’s attention
In a landmark move to strengthen Australia’s trade and commerce relations with India, a 20-member delegation representing Australian Mining Equipment Technologies and Solutions (METS) recently visited India to explore opportunities to offer their technologies and services for the country's mining...
Lindian Resources to receive assay results from Tanzanian Lushoto bauxite project
The Australian Securities Exchange listed mining and resource company Lindian Resources Ltd, has been granted a trading halt today, August 31, pending assay results from Tanzanian Lushoto bauxite project. The Perth-based explorer recently signed an agreement to acquire a 75 per cent farm in...
Queensland Government grants three mining leases for Bauxite Hills Mine
Metro Mining Ltd today announced that the Minister for State Development, Natural Resources and Mines Hon Dr Anthony Lynham has signed the three mining leases for the Bauxite Hills Mine. The company has already started the construction at the mine site. Dr Anthony Lynham said the granted leases...
