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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Revenue earning potential of Vietnam bauxite exports stands high, but there’s a big ‘but’
<p>Indonesia’s stepping back from bauxite export market saw many countries leveraging the opportunity and making it big over the years. Guinea came up in a big way, and there were the quintessential big players like Australia, Brazil, followed by China and India. One country that lagged...
Metro Mining provides construction update for Bauxite Hills project
<p>Metro Mining Limited is pleased to provide a construction update for the Bauxite Hills project, which is now fully funded through to the commencement of production.</p> <p> SAB Mining has been mobilised to site to commence civil works. SAB’s initial focus will be at the Port area,...
Queensland bauxite mines benefitted from growing demand for high-grade bauxite
<p>Growing demand for high-quality bauxite in the international market is slowly transforming the mining scene in Cape York at Far North Queensland. A number of bauxite projects are coming up in the area besides the Rio Tinto’s $2.6 billion Amrun project which would be one of the largest...
An Interview with Piero Starita, Director of Laviosa Minerals S.p.A., Italy, at METEF 2017
<p>Mr. Piero Starita, Director of Laviosa Minerals S.p.A.- the Advanced Minerals Solutions company of Italy, talked to AlCircle ahead of Metef 2017 exhibition in Verona, Italy. He spoke about his company’s bentonite and other industrial mineral excavation, processing and distribution...
‘India is one of the more exciting markets for Volvo’ - Helene Mellquist, SVP, Volvo Trucks Intl.
<p>Volvo Trucks, one of the world's largest truck brands and user of aluminium for vehicle manufacturing, believes market is finally looking up for them in the medium and heavy commercial vehicle segments in India. The company having more than 50 per cent share in the country’s mining segment...
XINFA Aurum will continue bauxite mining to accumulate stock for later export
<p>A drop in global bauxite price has slowed down bauxite shipment of XINFA Aurum Exploration in Fiji. However, the company says it will continue with its mining operation in Bua despite the price drop in order to accumulate its stock. Ministry of Lands and Mineral Resources Permanent Secretary...
IBAAS provides opportunity to explore the possibility of mining in Guinea, says the Convener
<p>Dr. Ashok Nandi, the Convener for IBAAS Conference, recently told Mining Weekly that Guinea hosts largest bauxite deposits, and the fastest-developing bauxite mining and export centres, and hence, it was selected as the venue for IBAAS this year. He said that the registration...
Scania’s new U-BODY tipper to boost productivity of Indian miners
<p>Scania CV India, a subsidiary of Scania Group, has launched the new U-BODY tipper truck for the country’s mining sector. The global manufacturer of heavy duty vehicles and engines aims to increase productivity across a wide section of mineral exploration including coal, bauxite, and iron...
Iran’s aluminium production reached 82,605 tons in Q1 FY2017
<p>According to the latest figures showed by the Iranian Mines and Mining Industries Development and Renovation Organization, Iranian mining companies produced 84.89 million tons of mineral products during the first quarter of the current fiscal year (March 21-June 21). The companies registered a...
ABx’s Binjour bauxite resources review poised to progress to the next step
<p>Leading bauxite producer Australian Bauxite Limited (ABx) recently updated its investors on the review of bauxite resources at Binjour saying that the project is soon to step into its next logical level. According to the company, Rawmin Mining and Industries Pvt. Ltd, the marketing partner of...
Chhattisgarh to seek NABL’s support in analysing bauxite deposits in the state
<p>The State Mineral Resources Department of Chhattisgarh in India would approach mineral testing laboratories accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL) for their services in analysing different elements of the bauxite ore in Chhattisgarh, senior...
Malaysia’s bauxite shipment to China inch up despite mining ban
<p>According to a report published by Reuters, Malaysia’s bauxite export is growing in spite of bauxite mining ban in Pahang. Malaysia is exporting bauxite to China’s aluminium industry, the biggest customer of country’s bauxite.</p> <p>Industry figures and analysts project that...
Indonesia recommends one more miner for bauxite export permit
<p>According to a mining ministry official, the Ministry of Energy and Mineral Resources Indonesia has recommended the names of two more companies to allow them to export bauxite and nickel ore. This was the second such development after the government relaxed a ban on unprocessed mineral...
Ghana’s decision to mortgage bauxite deposits in Atiwa forest draws criticism
<p>Ghana is mulling mortgaging the bauxite deposits in the Atiwa forest and Nyinahin to China for some US$15 billion. The country which stands a good chance to prosper leveraging its rich mineral resources has found in world environmentalists and other industry experts staunch critics of the...
New Day bauxite partnership in Jamaica on hold over Cockpit boundary markings
<p>A senior mining official from Jamaica is urging the quick resolution of the Cockpit Country boundary markings to determine the areas where bauxite companies can mine for bauxite. He says it is stopping the completion of partnership agreements with New Day Aluminium Jamaica Limited, which an...
Fiji bauxite export down in 2017 due to drop in the global bauxite price; China remains top destination
<p>Recently, a media update says The Republic of Fiji has earned revenue of $2.8 million from the first shipment of bauxite in 2017, totalling $52.2m revenue since mining started at Nawailevu in Bua in 2010. Fiji houses Vanua Levu mine, which is one of the largest bauxite mines in Oceana, with...
UPDATE: Malaysia extends moratorium on bauxite mining until December 31
<p>The Malaysian government has extended the moratorium on bauxite mining in Pahang for six months more until December 31, which was supposed to expire today.</p> <p>A survey conducted by the Department of Survey and Mapping Malaysia in April found an increase in the bauxite stockpile in the...
Ecomy asks for independent group to monitor bauxite mining in Malaysia
<p>Ecotourism & Conservation Society of Malaysia (Ecomy) has urged for the assignment of an independent group in order to monitor the bauxite mining in Kuantan, Malaysia. Ecomy is in favour of harmonised bauxite mining in the city with proper considerations of public health and environmental...
