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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Metro strengthens sales agreements for its Western Cape York Bauxite Hills Mine
<p>Metro Mining has significantly strengthened sales agreements for its Western Cape York Bauxite Hills Mine with the signing of an Oftake Letter-of-Intent with Lubei Chemicals - China’s fifth largest bauxite importer.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
Alpart to resume alumina production June 20
<p>Jamaica's largest alumina refinery Alpart, now owned by Chinese metals giant JISCO, is to resume processing of bauxite to alumina on June 20, eight years after closing down operations in 2009, company officials said today.Patrick James, Alparts assistant managing director, told a visiting...
Week in Review: Australian bauxite sector makes top headlines
<p>Australia emerged as a top newsmaker in the bauxite sector in the last week. Australian bauxite sector has seen major developments from business growth opportunity and a number of companies won contracts for the ongoing bauxite projects. Guinea was also one of the newsmakers from the week. Here...
Guinea finds in China a key growth market for its bauxite produce
<p>Guinea is readying to step up its bauxite mining operations over the next three years, a leading industry journal reported, citing Guinea Mines Minister Abdoulaye Magassouba. The country, Magassouba said, plans to increase its bauxite production in order to meet the rising ore demand from...
Ma’aden signs aluminium capacity expansion MOU with Alcoa at the Saudi-U.S. CEO Forum
<p>Saudi Arabian Mining Company Ma’aden signed two landmark Memorandums of Understanding (MOUs) with its U.S.-based partners Alcoa and Mosaic at the ongoing inaugural Saudi-U.S. CEO Forum that was launched in Riyadh on Saturday, May 20. The Memorandums are expected to provide fresh impetus to...
Metallica appoints mining and haulage contractor for Urquhart Bauxite project
<p>An Australian bauxite developer Metallica Minerals Limited (Metallica) today announced that the company has appointed the LCR Group (LCR) to undertake all mining and haulage operations on behalf of the Joint Venture at the Urquhart Bauxite project. For this, its subsidiary has signed a schedule...
Guinea should refine its own bauxite instead of exporting it majorly, says president Condé
<p>Guinea cannot afford to thrive on bauxite exports over the long term and keep overlooking developmental issues of its domestic aluminium industry. Doing that would not only make the economy vulnerable in the hands of global commodity price volatility uncontrollable on its part but would also...
Fiji’s bauxite export affects due to volatile nature of mining
<p>Fiji’s Director Mineral Development Dr Raijeli Taga said that the bauxite export has been affected from the shores of Bua due to volatile nature of the mining business. She pointed out that the nation confirmed only one shipment of bauxite to China so far this year.</p> <p>In...
Nalco’s overburden processing can add nearly 60 million tonnes of bauxite
<p>National Aluminium Company (Nalco) can add nearly 60 million tonnes of bauxite to its resource base through the processing of overburden. NALCO CMD Tapan Kumar Chand said while speaking at the 17th Annual Geominetech Conference on Thursday at Bhubaneswar. Currently, the company is processing the...
Iran, Guinea okay feasibility report on bauxite JV project
<p>The Iran-Guinea bauxite project is finally back on track. The final feasibility report on bauxite mining near Guinea’s capital city Conarky was approved by government officials from both the countries on Tuesday, May 9.</p> <p>Mehdi Karbasian, Chairman of Iranian Mines and Mining...
AU Capital Mining may face local dispute over bauxite mining licence in Solomon Islands
<p>Temotu province of Solomon Islands is facing growing community unrest over bauxite mining licence and operations.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/solomon%20bauxite.jpg" alt="News"...
Social unrest cripples bauxite mining in Guinea
<p>Bauxite production in the Republic of Guinea has been badly affected by the social unrest whereby the rioting residents are seeking solution to the rising pollution level and frequent power cuts allegedly caused due to excessive bauxite mining. The riot has jeopardized the outflow of the ore...
Rio's Amrun bauxite project to contribute to its $5bn free cash flow
<p>Leading metal and mineral producer Rio Tinto is aiming to generate $5 billion of free cash flow through productivity improvements over a five-year period at its multiple projects. Amrun greenfield bauxite projects are expected to deliver significantly to the targeted cash flow.</p> <p><img...
JNARDDC to extract rare earth elements from red mud
<p>Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), Nagpur is working to develop cheaper methods to extract rare earth elements (REE) from the waste generated from aluminium industry. The Department of Science and Technology, Government of India and JNARDDC have started...
First Bauxite Corporation reports completion of test pit mining program in Guyana
<p>First Bauxite Corporation has announced that it has filed its audited year-end financial statements and management's discussion and analysis for the year ended December 31, 2016. First Bauxite Corporation is a Canadian natural resource company engaged in the exploration and development of...
Rusal’s Q12017 bauxite production drops YoY; sequential production on the rise
<p>UC RUSAL, the leading global aluminium producer, announces its operating results for the First Quarter 2017.</p> <p>During first quarter 2017, Rusal’s bauxite output totalled 2,869 thousand tonnes registering a 1.0% growth quarter on quarter. Nepheline output also increased by 7.9% QoQ to...
Henan discovers 47 million tonnes of bauxite reserves
<p>According to news on Shanghai Metals Market (SMM), a large bauxite deposit has been discovered in Dengfeng City, Henan Province. The news has been reported by local media.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
South32 drops plan to buy $200m Australian coal mine
<p>Leading metal and coal mining company South32 announced that the company has dropped the plan to buy Peabody Energy's Metropolitan coal mine worth $200-million in Australia. The company was not ready to make concessions in favour of Australian steelmakers. </p> <p><img...
