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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Nalco's Panchpatmali Bauxite Mines conferred with 5-star rating by Ministry of Mines
<p>National Aluminium Company Limited (Nalco) owned Panchpatmali Bauxite Mines in Odisha has been accredited with the 5-Star Rating by the India Ministry of Mines in a stringent evaluation process conducted up by IBM. <br /><br />The honour along with the certificate of excellence was handed over...
Ghana government plans private investment in bauxite mining to transform economy
<p>Ghana is on its way to revive the economy. The country on the West Africa's Gulf of Guniea is considering further unleashing its mineral resource potential to transform the economy through development of industries and job creation. Ghana President, Nana Akufo-Addo said bauxite deposits at Kyebi...
Jamaica’s bauxite export revenues to grow 3.05% totalling US$121.5 mln in 2017
<p>Jamaica remains largely an under-utilized mineral-rich country. The Caribbean island country which started shipment of the aluminium ore back in 1952 took two decades to become the world's second largest producer of bauxite and the second largest exporter of alumina. In 1970's the country went...
Noranda Bauxite, Alumina appoint team of chief officers
<p>DADA Holdings LLC has announced the appointment of their team of chief officers for the Noranda Bauxite and Noranda Alumina, affiliated companies in the bauxite mining and alumina-refining industries in the United States and Jamaica.<br /><br /><img style="vertical-align: middle; display: block;...
GAC grants Fluor the contract for its under-construction bauxite mine
<p>Guinea Alumina Corporation S.A. (GAC), a bauxite mining company, a subsidiary of Emirates Global Aluminium (EGA), yesterday announced that the company granted an engineering and program management consultancy contract worth $700 million to Fluor for its under-construction bauxite mine in the...
Africa Finance Corporation to invest on bauxite mining in Guinea
<p>Africa Finance Corporation (AFC) has announced that they would invest US$205m in Alufer Mining Limited for the development of Guinea-Conakry’s high grade bauxite reserves.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
EGA completes initial developmental work on its Guinea bauxite project
<p>Emirates Global Aluminium (EGA), one of the world’s leading primary aluminium producers, announced on Thursday, February 2, that the company had completed preliminary work on bauxite mining project in Guinea. EGA already has spent US$1 billion in the development of a bauxite mine.<br /><br...
UPDATE: India Budget 2017 - Excise duty on aluminium ores & other concentrates raised from zero to 30%
<p>Indian government has raised excise duty on bauxite to 30 per cent in yesterday’s Union Budget 2017-2018. Prior to this, there was no duty on the aluminium ore produced for sale (inland). Now, aluminium producers have to pay a duty of 30 per cent for selling the mineral ore in the domestic...
Volkmar Guido Hable and Samarium Tennessine Corp planning further investment in the mining sector
<p>Bulk commodity producers have been continuing to struggle during the last few years with low commodity prices and in efforts to cut costs. A number of facilities have closed down over last few years. However, with the LME prices showing signs of improvement and demand from China continuing to...
Montenegrin mining company plans 3 million euro investment in bauxite mine
<p>Uniprom Metali, a Montenegro based mining group in Europe, has devised a plan of US$3.2 million (3 million euro) investment in Rudnici Boksita bauxite mining complex to scale up production in the first half of 2017.</p> <p>The funding will be mobilized for upgrading the belt conveyors of the...
Jamaica poised for additional growth in bauxite and minerals sectors
<p>Lester ‘Mike’ Henry, Transport and Mining Minister of Jamaica said on Sunday at Lydford in St Ann, that he expects a jump in the country’s bauxite and minerals sector. The growth, according to him, was due to the policy shift towards profit sharing in downstream operations and...
Gunsynd PLC to acquire 10% stake in Sunshine Minerals that is eyeing bauxite mining in Solomon Islands
<p>Gunsynd PLC on Monday has recently announced its agreement on investing GBP40,000 to acquire 10% stake in Sunshine Minerals Ltd. The invested company is planning to acquire nickel and bauxite deposits in the Solomon Islands.<br /><br />"Whilst this investment is not in line with our recent...
Jamaica's New Day Aluminum gets new GM for its St. Ann bauxite operations
<p>New Day Aluminum Limited of Jamaica has appointed Delroy Dell as the new vice President and General Manager for its bauxite operations in St. Ann. Dell, a former Operations Director with Noranda Bauxite, will manage the mining and shipping operations of New Day (Jamaica) Aluminum. He will also...
JNARDDC and MRSAC to develop app to provide data on bauxite deposits in Maharashtra
<p>Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) from Nagpur, India is developing an app in collaboration with the Maharashtra Remote Sensing Application Centre (MRSAC) which will provide a digital database on bauxite and laterite deposits in Maharashtra.<br /><br...
Indonesia's government may lift bauxite ore export ban
<p>Indonesia’s government revised draft may lift ban on bauxite ore from the country, offering easiness in the export of bauxite and nickel ore.<br /><br />According to spokesperson, fourth revision of The Office of the Coordinating Economic Minister submitted to Government Regulation No....
Metro promotes Finnis to MD & appoints a GM to prepare for mining
<p>Simon Finnis has been promoted from CEO to Managing Director of Metro Mining Ltd.<br /><br />Metro Chairman Stephen Everett said Finnis had made a significant contribution as CEO and would add increased value as the company transitions from explorer to producer.<br /><br /> “Simon has...
Illicit bauxite mining still a cause of concern for Pahang government
<p>Despite the decision taken by Pahang's Natural Resources and Environment Ministry to extend the bauxite mining moratorium by three more months, until March 31, uncleaned stockpiles of bauxite ore were traced at abandoned mining sites of the region. This indicates at the fact that fresh mining of...
Germany and China opens up LOC for Iran aluminium plant
<p>As per IRNA report, Germany and China opens up line of credit for the development of aluminium plant in Jajarm city, northern Khorasan province, Iran. Mehdi Karbasian, Deputy Minister of Industry, Mine and trade announced on Wednesday that these two countries opened credit line after signing an...
