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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Saudi King to inaugurate ‘Ras Al Khair’, a $35 billion minerals and commodities complex today
<p>Saudi Arabia’s King Salman is scheduled to inaugurate a $35 billion minerals and commodities complex called ‘Ras Al Khair’ in the Eastern Province on Tuesday November 29, according to a report by Saudi Gazette. This would be one of the most ambitious industrial city projects in...
Pahang still not free from bauxite mining pollution
<p>Unregulated bauxite mining seems to have affected the environment of Pahang too deeply than it was initially thought to be. A recent audit report by the Department of Environment (DOE) revealed that high concentration of heavy metal was detected in the river water in Kuantan's bauxite mining...
Saudi Arabia aims to increase revenue from mining sector three times by 2030
<p>The energy minister for Saudi Arabia, Khalid al-Falih told reporters at a conference in Jeddah that the kingdom plans to increase the contribution of its mining industry to national wealth three times by 2030 as measured by gross domestic product.<br /><br />Saudi Arabia is working on finalising...
Andhra University research suggests adopting eco approach to bauxite mining
<p>A recent study done by Geo-scientists and researchers of Andhra University, titled 'Bauxite mining in Eastern Ghats of Andhra Pradesh, Possible Environmental Implications and Measures for Environmentally Friendly Mining,' has highlighted the environmental implications of open cast bauxite mining...
Villagers in Fiji to invest in bauxite mining project for the betterment of the community
<p>As an encouraging step towards the building of a bauxite mining industry in Bua and the development of infrastructure around the project, villagers have agreed to invest in a proposed bauxite project.<br /><br />A large sum of $1.8 million is to be invested for the third bauxite mine in Bua....
The FY 2016 saw 27% growth in bauxite mining in India: Ministry of Mines
<p>The Indian Mining and Machinery Exhibition organised by CII in Kolkata, India came to an end on November 19 2016. The exhibition reflected the positive growth being observed in the mining sector in India.<br /><br />Balvinder Kumar, secretary ministry of mines said on the context of the...
Moly Mines fighting a $53 mln battle with Metro Mining over Gulf Alumina's Queensland bauxite mines
<p>Moly Mines, one of the most talked about companies on the ASX (for all the wrong reasons though) is reportedly fighting a US$53 million+ battle with Metro Mining for the acquisition of Gulf Alumina's Queensland bauxite operations ownership. Every stakeholder linked to the matter is known to be...
Top five bauxite mining companies in the world
<p>The global Bauxite resources are estimated to be 55 to 75 billion tons. Currently the total reported mine production from 27 countries stands at 245 million tons. The leading f bauxite producing countries are Australia, China, Brazil, Guinea, India, and Jamaica. These countries accounted for 87%...
The 13th International Mining & Machinery Exhibition to be held in Kolkata, India on Nov 16-19, 2016
<p>The 13th International Mining & Machinery Exhibition will be held at Eco Park, Kolkata in India during November 16-19, 2016. Organized by the Confederation of Indian Industry (CII) and supported by Coal India Limited, Ministry of Coal, Ministry of Mines, and Ministry of Steel, the Global...
Iran eyeing Australian bauxite reserves to aid domestic aluminium capacity expansion
<p>Iran is stepping up its initiatives to procure bauxite for its domestic aluminium industry. In a bid to boost the country's aluminium production, the Persian Gulf country is mulling options to secure bauxite supplies from Australia as its Guinea bauxite project remains held up as of now. <br...
OMC to make fresh bids with NGT for mining bauxite in Niyamgiri Hills
<p>India’s State-run mining company Odisha Mining Corporation (OMC) has renewed attempts to start bauxite mining operations in the ecologically fragile Niyamgiri Hills, reported sources aware of the matter. The company’s earlier attempts in this regard were turned futile by the...
RUSAL reports improved bauxite production in third quarter 2016
<p>UC RUSAL, the leading global aluminium producer, announces its operating results for the third quarter 2016. In the bauxite segment, the company reports substantial growth in bauxite output in Q3 as well as the first nine months.<br /><br />In Q3, 2016, bauxite output totaled 3,211...
ABx Q3 Results: Bauxite sales & new opportunities continue to grow
<p>Australian Bauxite Limited has released its sales and production results for the third quarter of the current financial year. The mining company said it is selling bauxite into fertiliser and cement markets at prices higher than the currently over-supplied metallurgical bauxite market....
CMDC to start bauxite mining in Narmadapur and Barima blocks in Chhattisgarh
<p>The Chhattisgarh Mineral Development Corporation (CMDC) is poised to start bauxite mining in Narmadapur and Barima blocks in Surguja division of the state. The bauxite mining blocks at Narmadapur and Barima blocks are spread over in areas of 47.81 hectares and 54.26 hectares, informed CMDC...
CBIX flat, alumina tight in expectation of another moratorium extension in Malaysia
<p>CBIX largely flat (up 0.5% to US$45.7/dmt) with some higher Value-in-Use (ViU) priced cargos from Ghana and Australia offset by lower ViU-priced material from South America.<br /><br />Malaysia’s Minister for Natural Resources and Environment, Datuk Seri Dr Wan Junaidi Tuanku Jaafar was...
Indonesian govt to allow provisional bauxite exports under revised rule
<p>The Indonesian government has come up with a revised version of a regulation on coal and mineral resources activities in the country, which is likely to mark a change in the licensing regime bringing flexibility in mineral exports. Energy and Mineral Resources Ministry secretary-general Teguh...
Bauxite mining ban in Pahang could extend up to 2018, says Environment Minister
<p>According to a report from Malaysian Reserve, the moratorium on bauxite mining in Pahang may extend until 2018. Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar cites the huge stockpile for the aluminium ore as a reason for this extension. <br /><br />Despite...
EGA inaugurates container terminal for a new bauxite mine in Guinea
<p>Emirates Global Aluminium (EGA) announced inauguration a container terminal at the Port of Kamsar in Guinea on Wednesday. The terminal will enable EGA to import materials for constructing a new bauxite mine for its subsidiary Guinea Alumina Corporation (GAC). On completion, the US$1 billion mine...
