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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Threat of closure still not there for Goa bauxite miners
<p>Bauxite mining in Goa is free of uncertainties related to possible closure that is looming large over the bauxite mines in Maharashtra, assured sources in the Indian mines ministry. According to them, bauxite mines in the coastal state are located at a safe distance away from the ecologically...
Nalco reports 24% jump in bauxite mining during H1 of FY17
<p>Despite a world-wide sluggish market in metal sector, Navratna PSU Nalco has registered an impressive performance in the first half of 2016-17 fiscal. While bauxite mining was up by 23.6 percent at 35.08 lakh tonnes as compared to the corresponding six months of the previous financial year, the...
Indonesia takes a U-turn on bauxite export ban relaxation
<p>Indonesia has decided not to lift the ban on bauxite exports that it had imposed two years back, the country's minister said yesterday. This comes just days after the ministry had considered doing away with mining restriction in order to raise extra cash from the sector.</p> <p>Indonesia imposed...
Maiden ore reserve estimated at Altech’s Meckering Kaolin Deposit
<p>Altech Chemicals Limited has announced the estimation of a maiden Ore Reserve based on the production of high purity alumina (HPA) using feedstock from its 100 per cent-owned Meckering Kaolin Deposit (M70/1334), Western Australia (Meckering). The Ore Reserve was derived from Mineral Resources...
France’s AMR seeks rights for $200 mln Guinea bauxite mine
<p>French bauxite explorer Alliance Miniere Responsable said it filed for permission to develop a $200 million mining project in northern Guinea.<br /><br />AMR seeks the right to mine bauxite in the West African nation’s Boke district for at least 15 years, Romain Girbal, president and...
Indonesia’s raw materials export ban likely to be relaxed
<p>In a move aimed at stimulating debate within the county, strong signals have emerged from the Indonesian government that a relaxation of its raw materials export ban will occur and that bauxite and nickel (laterite) will be added to the list of allowed mining exports. </p> <p>On Wednesday...
Jamaican mining industry performance drops due to reduced activity at Noranda bauxite plant
<p>The mining and quarrying industry of Jamaica put up a somewhat subdued performance in the June quarter, reported Statistical Institute of Jamaica. The final arbiter on national output Statin stated in its report that "reduced activities at the Noranda Bauxite plant in Jamaica" was responsible...
Govt of India contemplating star rating and satellite-based monitoring for mines
<p>India government is planning to introduce a star rating for mines by next month. There are plans to start satellite-based monitoring of mining activities across the country, said mining secretary Balvinder Kumar at an ASSOCHAM event held in New Delhi yesterday. Mineral deposits of every type...
Altech Chemicals presents Annual Report & Full Year Statutory Accounts for 2015/16
<p>Altech Chemicals Ltd presented their Annual Report & Full Year Statutory Accounts on Tuesday, September 29 for the 2015/16 financial year.<br /> <br />Iggy Tan, Managing Director of the company presented the yearly report and review of operations in front of the company shareholders....
Two competing bids submitted for Noranda Aluminium’s upstream assets
<p>Two bidders have submitted their bids for the upstream business of Noranda Aluminium, the bankrupt aluminium producer from the US, in an auction held on Wednesday last week. Assets including one of Noranda's idled smelters in Missouri, a bauxite mining site in Jamaica, and an operational alumina...
Iron Mountain Mining acquires 50% stake in bauxite project in the Solomon Islands
<p>According to a Mining Weekly report, Australian miner Iron Mountain Mining has acquired a 50% interest in Au Capital Mining that is engaged in bauxite exploration in New South Wales and Western Australia. Au Capital Mining owns two prospecting bauxite mining licences in the Solomon Islands...
Guizhou Finds Super Large Bauxite Mine
<p>Guizhou Province, one of China’s major bauxite producing regions, recently discovered another super large bauxite mine, local media reported.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Hindalco to sell bauxite mine & alumina plant in Brazil to pay off debts
<p>As a counter effect of the falling commodity price, Hindalco Industries will go ahead with plans to sell its alumina plant and mines in Brazil.<br /><br />According to an Economics Times report, Hindalco wants to use the money to pay off loans and focus on the domestic business to be...
India mines ministry asks NALCO to raise aluminium smelting capacity
<p>The recently ended Confederation of Indian Industry’s Sustainability Summit in New Delhi saw the Minister of State (Independent Charge) for Mines, Coal, Power and New & Renewable Energy, Piyush Goyal expressing concern about Indian aluminium majors not operating at their full...
Cape York bauxite mining benefits local indigenous people
<p>Bauxite mining on Australia’s Cape York is proving to be a boon for many members of the area’s Aboriginal population, much of which is considered economically disadvantaged.<br /><br />Murray Korkatain, a Wik traditional owner interviewed by local media is preparing to enter into a...
Fiji confirms first bauxite shipment of the year
<p>The Fijian government confirmed its first shipment of bauxite in 2016 on Wednesday.</p> <p>Fiji’s Acting director of the Mineral Resources Department Apete Soro told local media that the first shipment of the year left the Fijian port of Bua last month, bound for refineries in the...
EPA adds Columbia Falls Aluminum site to Superfund list
<p>The U.S. Environmental Protection Agency (EPA) added three mining-related sites to the National Priorities List (NPL) of Superfund sites this week. The sites include the Anaconda Aluminum Co.’s Columbia Falls Reduction Plant site, also known as the Columbia Falls Aluminum Co. (CFAC) site,...
IFC announces $200 mln investment in Guinea bauxite firm to support 'broad-based growth'
<p>International Finance Corporation, a member of the world Bank Group announced Wednesday that it is going to invest $200 million in the bauxite mining company Compagnie des Bauxites de Guinée in Guinea, to support 'broad-based growth' in the West African country that is still recovering...
