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...
Grow with
AL Circle
Yancoal wins approval to buy Rio Tinto’s Hunter Valley coal mine
<p>Chinese-controlled Yancoal has won the approval of Australia's Foreign Investment Review Board (FIRB) to purchase Rio Tinto's Hunter Valley coal mine involving a $US2.45 billion ($3.2 billion) investment in New South Wales. Yancoal said the FIRB approval was “a critical...
Nalco rides high on bauxite
<p>The last quarter of 2016 helped mining and metal companies witnessed a reversal of fortune as inventories decreased and metal prices rebounded slowly but steadily. Metal stocks started soaring, as investors participated actively on expectations of better times ahead.</p> <p>National Aluminium...
India expected to start auction of commercial coal mines shortly
<p>The government of India may start the process of commercial coal mine auction once it receives public feedback on the discussion paper floated by the coal ministry. These mines will not be restricted to any particular end use of the coal. The private miners will be able to manage...
Indonesian government issues bauxite export recommendations for Antam
<p>The Ministry of Energy and Mineral Resources Indonesia issued a series of export recommendations on Monday, April 3, for the state-owned mining and company Aneka Tambang (ANTAM). The recommendations allow the vertically-integrated, diversified metals and minerals producer to export bauxite and...
1.63 billion tonnes of bauxite estimated at Mali's Falea project
<p>Mali’s chamber of mines told Reuters on Tuesday that Mali's Falea project is now estimated at 1.63 billion tonnes of bauxite reserves. The bauxite reserve is equal to 572 tonnes of refined aluminium with numerous new discoveries.</p> <p><img style="vertical-align: middle; display: block;...
Mixed reaction to Vedanta’s bauxite mine expansion plan
<p>Vedanta-controlled Bharat Aluminium Company’s (Balco) proposal for the expansion of bauxite mine gets mixed reaction from the residents. The proceeding was held on Monday in Surguja district of Chhattisgarh in order to get approval from the local community.</p> <p><img...
Odisha garners INR6,693.62 cr mineral royalty for bauxite and other ores
<p>Government of Odisha, the mineral-rich state on India's east coast, has collected INR6,693.62 crore royalty as on March 27, 2017, since the amended Mines and Minerals-Development & Regulation (MMDR) Act was promulgated on January 12, 2015. The revenue, as per state mining ministry data, has...
South 32 looks at wise distribution of cash after seeing profit in H2 2016
<p>South 32, a spin off from mining giant BHP Billiton has started seeing brighter days after the charge of metal prices in the end of 2016.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Kuantan MP raises concern over recent extension of bauxite mining moratorium
<p>Kuantan MP Fuziah Salleh said in a statement that the extension of bauxite mining moratorium in Pahang, Malaysia may worsen the situation if the authorities do not take any measure for stopping illegal mining activities that are taking place near Pahang.</p> <p><img style="vertical-align: top;...
Coal India expects production growth of 2.5% this fiscal
<p>Against a required production growth rate of nearly 11 per cent during FY2016-17, Coal India is likely to close the year with a 2.5 per cent growth and a 2 per cent rise in sales over the previous year.</p> <p>“We hope to achieve a 2.5 per cent production growth by the end of this fiscal...
Ukraine’s bauxite import declines YoY as domestic production of the ore increases
<p>Annual bauxite import by Ukraine declined significantly in 2016. The total bauxite import for the year was estimated at 4.22 million tonnes, down 26.48 per cent from 5.74 million tonnes in 2015. The cost of bauxite import also went down from US$308.45 million in 2015 to US$294.72 million last...
UPDATE: Malaysia extends moratorium on bauxite mining till June 30
<p>The Malaysian government has prolonged the period of moratorium on bauxite mining in Pahang for another three months till June 30, looking to clear remaining bauxite stockpiles. The government also hinted at the fact that the mining actions were still going on in spite of the ban.</p> <p><img...
Top five bauxite producing countries in the world
Bauxite ore is the main source of aluminium in the world. It occurs in tropical and subtropical areas in soft limonite rock forms. After extracting from mines, the metallurgical grade ore is first crushed and then purified through the Bayer Process to produce alumina. The refined alumina is then...
Trump assures executive actions to revive coal mining in the US
<p>President Donald Trump said on Monday, March 20 that he was preparing new executive actions to save coal mining in the U.S. and put miners back to work.</p> <p><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/coal%20miners.jpg" alt="News" width="517" height="226"...
India's Adani Enterprises to finalise on their Australian coal project by June
<p>In a recent update, India's Adani Enterprises said it would finalise the investment decision for its Carmichael coal project in Australia by June. The project has been delayed for last five years due to protests from environmental groups. The proposed mine in the northern state of Queensland is...
Vedanta to buy 13% stake in Anglo American, a top mining group from South Africa
<p>Chairman of Vedanta Resources, Anil Agarwal announced his plans to buy as much as $2.4 billion or 13 per cent of Anglo American Plc shares in the market after a failed merger proposal last year. The purchase will make Agarwal the second-largest shareholder after South Africa’s Public...
Asia Pacific mining sector to see more M&A and increased activity in 2017
<p>According to the latest annual Asia Pacific M&A report by Herbert Smith Freehills, mining sector including coal and gold could witness a rise in mergers and acquisitions in 2017 and bauxite will see improved activity and investment. Factors like better commodity prices, lower...
China's bauxite & other non-ferrous mining industry FA investment drops in Jan-Feb 2017
<p>According to the General Customs of China, fixed asset investment of the country's non-ferrous metal mining and dressing industry, which includes bauxite mining, fell sharply by 15.4 per cent year-on-year in January-February 2017. The drop at 5.5 billion yuan widened 5.4 percentage points from...
