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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Recap 2016: Who moved the bauxite market and who shaped the industry?
<p>With the growing demand for aluminium in the end user market and the growing aluminium production in Asian countries including China and the Middle East region, demand for bauxite grew manifold during 2016. Countries competed with each other to supply bauxite to China, the largest aluminium...
Bauxite royalties fund to be kept for future generation, confirms land minister in Fiji
<p>According to a report by Fiji Times, The Ministry of Land in Fiji is awaiting clarifications from its permanent secretary on questions by the same newspaper regarding the total royalties which were received by landowners in Nawailevu, Bua for giving bauxite mining rights on their lands.</p>...
CBIX steady, Malaysian ban extended for a fourth time
<p>CBIX gained US$0.6/dmt (1%) to US$50.8/dmt with higher ViU-priced cargos from Australia more prominent. As we foreshadowed, Malaysia again extended its mining ban, for another three months (to end-March 2017), with reports of nearly three million tonnes of stocks still needing to be cleared...
Kuantan MP says extending moratorium on bauxite mining will worsen environmental crisis
<p>Fuziah Salleh, Kuantan MP said in a press announcement that extension of bauxite mining ban in Pahang will deteriorate environmental crisis and this could lead to erosion at the bauxite mines.<br /><br />According to Fuziah, this erosion can contaminate river water as well as drinking water....
Bauxite mining ban extends by three more months in Malaysia
<p>Datuk Seri Dr Wan Junaidi Tuanku Jaafar, the natural resources and environment minister has announced on Thursday December 22 that bauxite mining ban is extended by another three months effective from 31 December at a press conference.</p> <p><img style="vertical-align:...
Environment Minister happy with the progress of cleanliness operations in Kuantan mining sites
<p>On a positive update on the bauxite mining situation in Malaysia, Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar has expressed content on the progress of cleanliness operations in Kuantan mining sites before the expiry date of the bauxite-mining ban on Dec 31...
Metro Mining to combine bauxite projects after Gulf Alumina final takeover
<p>Metro Mining Ltd has taken control of 99.7% of Gulf Alumina Ltd and will compulsory acquire the remaining shares.</p> <p>Metro today announced it will immediately combine Gulf’s neighbouring Skardon River Bauxite Project within its flagship Bauxite Hills Project creating one of the largest...
Marcventures acquires new bauxite mine in Surigao, Philippines
<p>A nickel miner Marcventures Holdings Inc. in Philippines has signed a deal to acquire a bauxite mine located in Samar area in Surigao along with a new nickel mine in Surigao del Sur. The newly acquired mines are adjacent to its existing operations facilitating a merger among the operating...
New report provides details on the global bauxite mining market
<p>A new Research report by Orbis Research delivers detail insight into the bauxite mining market covering a global industry A new Research report by Orbis Research delivers detail insight into the bauxite mining market covering a global industry overview, trends, growth and size. The report also...
December 11 marks 40 years of bauxite workers strike in Guyana
<p>This year marks 40 years since 42 striking bauxite workers were tear-gassed in a cell at the Linden Police Station. Only a handful of people about six are around in Linden; the rest are scattered or deceased. It was a most traumatic and ugly experience that left a bitter taste in the...
Ancillary units to support downstream aluminium growth in Odisha, says Nalco CMD
<p>Odisha- India's mineral-rich state in the east coast stands a great chance to become the country's most sought-after manufacturing hub, said Dr. Tapan Kumar Chand, CMD of the State-run National Aluminium Company Limited (Nalco). <br /><br />Dr. Chand was attending the Business Standard Odisha...
Balco plans bauxite mining expansion in Chhattisgarh
<p>Bharat Aluminium Company Limited (Balco) is planning to step up its bauxite mining operations in India in order to address the raw material crises it has been facing at its alumina refining facility. Presently, the Vedanta controlled aluminium company is producing 2 million tonnes of bauxite in...
Xinfa Aurum's bauxite mining expansion at Nawailevu in full swing
<p>Fiji's leading mineral development company Xinfa Aurum Exploration is making steady progress towards expanding its bauxite mining operations further north in Vanua Levu. The company has already secured additional Special Prospecting License in Nawailevu, Bua and Naibulu East Mine, in Dreketi,...
Metro Mining Ltd wins the battle for Gulf Alumina Ltd
<p>Metro Mining Limited has won additional 57.3% of Gulf Alumina shares after increasing its offer. Following the final settlement Metro Mining will hold 96% shares of Gulf.<br /><br />Metro used to hold 39.3% shares of Gulf being the largest single shareholder of the company. Metro increased its...
2016 presidential candidate promises development of bauxite and aluminium industry in Ghana
<p>The 2016 presidential election of Ghana is round the corner and candidate of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo, has promised Ghanaians that if his party comes into power in the December 7 elections, he would make industrialization his prime agenda for Ghana.<br /><br...
Vedanta plans to invest up to $2.9 bn to expand its alumina and aluminium capacity in Odisha, India
<p>Mining major Vedanta resources plans to invest INR 150 to 200 billion ($2.93 billion) over next three years to expand its alumina and aluminium producing capacity in Odisha, India, according to a statement made by Anil Agarwal, chairman of Vedanta Resources Plc. on the inaugural day of the...
Altech Chemicals submits mining plan for their Meckering mine in Western Australia
<p>Altech Chemicals Limited has now submitted a mining proposal (MP) and mine closure plan (MCP) to the Department of Mines and Petroleum (DMP) for their Meckering kaolin mine in Western Australia. The Meckering kaolin mine is planned to be developed in order to provide feedstock for its proposed...
Malaysia exported 24 million tons of bauxite to China in 2015, up 650% YOY
<p>Malaysia is 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 the last two years the amount of bauxite shipped from Malaysia to China increased almost one hundred fold making...
