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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Show smelter development and get permission for bauxite export, Indonesian govt tells its miners
<p>In a volte face performed in the face of political opposition, Government of Indonesia has asked local mining companies to show specific proof against smelter development progress if they wanted to sell bauxite and nickel ores to the offshore markets.</p> <p>In January, the erstwhile major...
Work to commence on Metro Mining’s Bauxite Hills Mine
<p>Metro Mining Ltd plans to commence construction of The Bauxite Hills Mine north of Weipa in July with mining operations and first shipment scheduled for April, next year.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Altech gains mining approval for Meckering deposit
<p>Altech Chemicals Limited announces that the Department of Mines and Petroleum (WA) has approved the mining proposal and the associated mine closure plan for its Meckering kaolin deposit. The mining approval marks an important stage in the development of the Company’s proposed Meckering...
TAKRAF to supply mining and logistic equipment for CBG’s bauxite plant in Guinea
<p>TAKRAF GmbH has won a contract from Compagnie des Bauxites de Guinée (CBG) for the turnkey supply and installation of a bauxite handling plant in Guinea, West Africa.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Indonesian government to develop smelting facility in North Kalimantan
<p>Airlangga Hartarto, Minister of Industry, has announced that the government will develop a smelting facility in North Kalimantan in Indonesia. Presently, Indonesian government has not utilized the regions alumina and bauxite potentials in Kalimantan.</p> <p><img...
Bauxite mining stakeholders urge government to implement SOP
<p>Bauxite mining stakeholders are urging the state government or the federal government for a set of standard operating procedure (SOP) for bauxite-mining in Pahang since the moratorium period had lasted for more than a year.</p> <p><img style="vertical-align: middle; display: block; margin-left:...
Alcoa Pinjarra refinery's Sharron Freitas named WA’s resource woman of the year
<p>Alcoa’s Operations Centre Group Leader Sharron Freitas has taken out a major industry award for her contribution to the mining industry when she was named the 2017 Outstanding Operator/Technician/Trade Woman in the Chamber of Minerals and Energy’s Women in Resources Awards.</p>...
Ghana outlines plans for an integrated aluminium industry
<p>The Minister of Finance, Ghana, Mr Ken Ofori-Atta, has expressed the government’s desire to fast-track economic development of the country during the presentation of the 2017 budget statement on Thursday. Mr Ofori-Atta said the government has decided to develop an integrated aluminium...
Pahang MB anticipates further extension of the bauxite mining ban
<p>Menteri Besar of Pahang, Datuk Seri Adnan Yaakob has hinted that the moratorium on bauxite mining in the state might be extended for another three months after the current ban gets over on March 15. It may be extended to June 15 considering the fact that unlicensed bauxite mining is still...
Nalco reports highest ever bauxite production from April-February in FY 17
<p>As confirmed by a release from National Aluminium Company Ltd (Nalco), the company has posted 16.8 per cent growth in its bauxite production in the April-February period of FY 2016-17, to reach a production volume of 6.56 million tonnes.</p> <p><img style="vertical-align: middle;"...
Malaysia’s bauxite export dropped more than 50% YOY in 2016
<p>Malaysia became one of the world’s top bauxite producers and a leading supplier of bauxite to China’s aluminium industry after Indonesia banned ore export in 2014. Over 2014-2015 the amount of bauxite shipped from Malaysia to China increased almost one hundred fold making Malaysia...
Jamaican government yet to decide on bauxite tax removal, opposition raises concerns
<p>Finance Minister of Jamaica Audley Shaw announced that the government has not yet decided to remove tax on bauxite mining. Recently, Jamaica has been facing problems for the non-performance of the bauxite levy arrangement, mostly because of the fluctuations in the global alumina market.</p>...
Indonesia government to appoint Inalum to manage freeport management
<p>The Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan announced on 27 February in Jakarta that the government has planned to take over the management of PT Freeport Indonesia if it wins in the international arbitration tribunal.</p> <p><img style="vertical-align: middle;...
Guinea targets 60 million ton bauxite production by 2020
<p>According to a report from Reuters, Guinea aims to increase bauxite production to 60 million tonnes by 2020. The country is planning to invest aggressively to meet strong demand for bauxite from China, the mines minister of Guinea said on Wednesday.</p> <p><img style="vertical-align: middle;...
India Mines Ministry identifies 50 mineral blocks including bauxite for private exploration
<p>India's mining sector is set to witness the entry of private exploration companies as the Mines Ministry identifies 50 mineral blocks to be offered to them under the new National Mineral Exploration Policy (NMEP). The offer stands as an adjunct to one of the biggest auction of explored mineral...
Venezuela’s president reiterates the need of foreign investment to develop its mining resources
<p>Venezuelan president Nicolas Maduro has named Jorge Arreaza as the country’s new mining minister. Guyana President Desmond Hoyte has reiterated the significance of the mining resources in the country and the need to attract foreign investors for the development of its resources.</p>...
Week in Review: Bauxite news updates from the globe
<p>The world bauxite industry and the market are moving fast with the new positive trend in the aluminium market. New projects and expansions are on track and the companies have reported positive results. Here is a quick recap of the top headlines from the global bauxite industry from the week gone...
India’s mineral production rises 5.2% YOY in Dec 2016; Bauxite up by 21%
<p>Initial data released by the Ministry of Mines, Government of India, shows the country's mineral output in December 2016 rose 5.2 per cent from the corresponding period previous year. Production of bauxite, the principal ore of aluminium metal, increased by 21 per cent compared to that recorded...
