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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Ghana can earn $460 billion from bauxite reserves, says Vice President
<p>According to the vice president of Ghana Dr. Mahamudu Bawumia, Ghana has about a 160 million tonnes reserve of bauxite. The country would fetch revenue about $460 billion at current market prices from its bauxite reserves.</p> <p><img style="vertical-align: middle; display: block; margin-left:...
UPDATE: Malaysia further extends moratorium on bauxite mining till GE14
<p>The Malaysian government has prolonged the period of moratorium on bauxite mining in Pahang till the 14th General Election (GE14), which was set to expire at the end of this month. Menteri Besar of Pahang, Datuk Seri Adnan Yaakob said they leave the matter to the federal government to make the...
Jamaica expects reopening of Alpart to boost mining sector contribution to GDP in next few years
<p>Jamaica’s Minister of Transport and Mining Mike Henry says that the re-opening of the JISCO Alpart bauxite/alumina plant has already created positive vibes in St Elizabeth and neighbouring Manchester. He says that this has marked a positive beginning and the revival of mining in...
Bauxite Hills Mine receives final environment approval
<p>According to a recent press update, Metro Mining has received final environment approval from the Commonwealth Government for the Bauxite Hills Mine at north of Weipa. It was the Bauxite Hills Project component of the Bauxite Hills Mine, which is so renamed after the incorporation of the...
Metro Mining receives environmental approval for its Bauxite Hills Project
<p>Metro Mining Ltd said that they have received environmental approvals from the State Government for its Bauxite Hills Project. The final approvals from the Federal Government are expected in the near future, it said.</p> <p><img style="vertical-align: middle; display: block; margin-left:...
Metro secures A$40 million in debt financing for Bauxite Hills Mine
<p>Australian exploration and mining company Metro Mining Limited today announced that the company has secured debt finance facilities of approximately A$40 million for the development of the Bauxite Hills Mine.</p> <p>The company has selected Sprott Private Resource Lending (Sprott) and...
Indonesia ships its first bauxite to Lubei Group after it lifts export ban
<p>Indonesia loaded the first shipment of bauxite to Lubei Group after the government lifted ban on bauxite export. The ship is loaded with 56,000 tonnes of high-quality bauxite mined from West Kalimantan. It is expected to be arrived within 9 days, as reported by Shanghai Metals Market.</p>...
Kazakhstan’s bauxite import is projected to jump in 2017
<p>According to the Economic Complexity Index (ECI), Kazakhstan is the 51st largest export economy in the world and the 48th most complex economy. The country’s mining industry is estimated to reach $30 billion by 2017.</p> <p>Kazakhstan has ample reserves of bauxite.The country occupies...
Guinea and Indonesia mulling bauxite mining ties
<p>Guinea and Indonesia, the two mineral-rich countries of Africa and Asia, could be eyeing possible bauxite tie-ups. According to a recent media report, delegates from the both the countries met last week to discuss a series of topics among which cooperation in bauxite mining sector remained a key...
India’s bauxite production falls by 12.2 % in April 2017
<p>According to the data released by the Ministry of Mines, India’s overall mineral production increased by 4.2 per cent for the month of April 2017 as compared to the production during the corresponding period last fiscal.</p> <p><img style="vertical-align: middle; display: block;...
Jamaica’s bauxite levy waiver for UC Rusal has many dimensions to it
<p>Jamaican government’s recent decision to waive off bauxite levy for UC Rusal operated Windalco has raised many questions among the opposition. In a situation when profit making has become easier in the wake of declining oil prices this decision is being viewed as somewhat inappropriate on...
AMR signs Guinea bauxite deal with SMB, the Franco-Asian consortium
<p>On Wednesday June 14, France's Alliance Miniere Responsable (AMR) signed a deal with a Franco-Asian consortium to exploit bauxite reserves in a western Guinean city that recently faced unrest caused by protests against mining firms.</p> <p style="text-align: center;"><img style="vertical-align:...
Indian government identifies 12 bauxite blocks for auction in FY 2017-18
<p>Government of India has identified 71 mineral blocks in seven Indian states for auctioning during the current financial year. The blocks include bauxite mines and mines of gold, cement grade limestone, graphite, emerald, iron ore, manganese, copper, and limestone among others.</p> <p>Among the...
Sino-Foreign Consortium SMB to Ramp up Bauxite Exports from Guinea
<p>Societe Miniere de Boke (SMB) will be able to export 35 million tonnes of bauxite from Guinea per year once the third phase infrastructure project is completed, MiningSink reported.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Data suggests steady growth ahead for global bauxite mining industry through 2020
<p>Bauxite is slated to become one of the most in-demand mineral ore traded worldwide. The principal ore of aluminium, bauxite is majorly found in the tropical and sub-tropical regions such as Australia, Africa, South America, West Indies, India, China and some parts of Europe (in small...
Guinea’s CBG expects to increase its annual bauxite output
<p>Bauxites de Guinée's (CBG), one of the largest producers of bauxite in the world, is planning to increase its annual production capacity of bauxite to 22.5 million tonnes in the future, reported by MiningSink.</p> <p><img style="vertical-align: middle; display: block; margin-left:...
Bauxite mining in Weipa sees growth driven by Chinese demand for lighter vehicles
<p><span style="font-family: Calibri; font-size: medium;">The mounting demand for aluminium in China is expected to create new mining job opportunities in the Weipa region which is extremely rich in bauxite deposits. </span></p> <p><span style="font-family: Calibri; font-size: medium;">Metallica...
Jamaica optimistic about reopening of Alpart refinery on June 20, JISCO has bigger plans for the plant
<p>With Alpart refinery in Jamaica set to resume alumina refining operations from June 20, after an eight-year shutdown, the owners as well as local people are expecting the plant to gradually return to its annual production capacity of 1.65 million tonnes in early 2018 boosting job...
