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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Malaysia bauxite mining ban extended till end of this year
<p>The moratorium on bauxite mining in Malaysia's Pahang has been extended till end of this year. The government said if the current high ore stockpiles were not cleared by December 31, it would extend the ban for another six months. <br /><br />Bauxite mining industry in Malaysia, though largely...
SAR transfers 751,000 tons of Phosphate & Bauxite in August
<p>It was a record performance for Dammam-Saudi Railway Company’s (SAR) mine trains for three consecutive months as their phosphate and Bauxite transfer quantities exceeded 751,000 tons in August.<br /><br />Rail freight is affiliated with SAR and it has carried about 16 million tons of...
Rio Tinto completes sale of Zululand Anthracite Colliery
<p>Rio Tinto has completed the sale of its 74 per cent of Zululand Anthracite Colliery (ZAC) to Menar Holding, for an undisclosed sum.<br /><br />ZAC, an underground mine in Zululand, South Africa, produces premium quality anthracite for international and domestic customers and has more than 1,300...
Metro Mining announces shareholder approval for bauxite mine funding
<p>Metro Mining Ltd announced the receipt of shareholder approval for the issue of their shares to Greenstone Metro Holdings LP which forms a part of the company's funding strategy. With this, Greenstone becomes the largest shareholder of the mining company and will be providing strategic support...
Fiji ministry claims full transperancy in FPIC for bauxite mining in Bua
<p>In response to the recent furore created by Bua Urban Youth over the non-obtainment of Free Prior and Informed Consent (FPIC) from the landowners of Fiji's Bua Province, before any bauxite mining process, Malakai Nalawa, Ministry of Land's deputy secretary said, bauxite has been mined only at...
‘India doesn’t need to import aluminium’, says mines minister
<p>When an industry claims it has enough capacity, then why does it need to import the product to meet local demand? – is the question India’s Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines, Mr Piyush Goyal had for the country’s...
South32 nears annual cost targets but posts a US$1.62 bln net loss
<p>Mining giant BHP Billiton spin-off South32 posted a net loss of $US1.62 billion ($A2.13 billion) in the full year ending July 31 vis-a-vis a $US28 million profit last financial year. The heavy write-downs in the miner's manganese, alumina and coal operations reflected the slump in commodities...
India's bauxite output surges 35.5% YoY in June 2016
<p>India's total output of bauxite, the principal ore of aluminium, shot up 35.5 per cent in June this year, compared to the same period previous year. <br /><br />The country's overall mining and quarrying sector for the month of June grew by 4.7 per cent to INR18,344 crore compared to the...
Pahang miners to pay cost for building road dedicated to bauxite transport
<p>Bauxite miners in Pahang in the Kuantan Bay area have to bear the cost of constructing the road that will be used exclusively for transporting bauxite from Bukit Goh to the Port, said Pahang Menteri Besar Datuk Seri Adnan Yaakob. <br /><br />Based on his latest discussion with the state’s...
Rio Tinto collaborates with Queensland University to develop new green method of bauxite processing
<p>North Queensland is home to some of the world's largest bauxite deposits, but their potential remains largely hidden under the earth as no mining company has yet come forward to exploit it in a sustainable manner. Recently, a University of Queensland scholar has collaborated with the global...
Xinfa resumes bauxite shipment after a 15-month hiatus
<p>Xinfa Aurum Exploration (Fiji) Limited shipped off their first consignment of bauxite for this year to China from Nawailevu jetty in Bua, Vanua Levu, last Sunday.<br /><br />A total of 69,701.65 tonnes of bauxite was exported from the Bua port, confirmed Xinfa Aurum Exploration (Fiji) managing...
Nalco faces the market blizzard bravely and comes out successful: T K Chand
<p>Navaratna PSE National Aluminium Company (Nalco) delivered an encouraging performance in the 2015-16 fiscal even as about 70 per cent of the world's aluminium producers have reported loss. The company's gross turnover was INR 7,157 crore and net profit INR 731 crore, noted Nalco CMD T K Chand....
Drilling campaign under way at Metallica’s Urquhart project
<p>A key mine plan drilling campaign is under way at ASX-listed bauxite developer Metallica Minerals’ Urquhart bauxite project, near Weipa, in north Queensland, to assist with the company’s final planning for a 2017 mine start.<br /><br />Metallica noted on Thursday, August 11, that the...
India’s Q1 FY17 bauxite production down 16% YoY, overall mineral production up 14%
<p>According to the provisional mining data (yet-to-be-released) reviewed by InfraCircle, India’s overall mineral production during the first quarter of 2016 has increased 14 per cent to reach 138.53 million tonnes (MT) compared with 121.11 MT during the same period last year.<br /><br />The...
Govt of Jamaica to meet JISCO officials following the sale of Alpart bauxite plant
<p>The Government of Jamaica is all set to meet with the officials of the Jiuquan Iron & Steel (JISCO) in September this year. This will be the first meeting since the Chinese firm bought bauxite company Alpart Jamaica from UC RUSAL, last month, at a total price of US$300 million. <br /><br...
Vedanta chairman reiterates firm belief on his company’s efficiency and growth during AGM
<p>During the Annual General Meeting of Vedanta Resources in London on August 5, company chairman Mr. Anil Agarwal reaffirms his faith on the positive global market trend and the fast moving Indian economy. He assures that Vedanta is well ahead of its worst time and the turnaround in the...
Global bauxite mining industry taking baby steps in embracing renewables
<p>Mining and clean, renewable energy do not share a common ground. Since years mineral extraction has caused environmental devastation in many countries across the world. Profit-driven boardrooms of mining multinationals have seldom prioritized climate change and sustainability considerations. But...
CBIX dropped 2.8% (US$1.4/dmt) last week of July, closing at US$48.1/dmt
<p>CBIX dropped 2.8 per cent (US$1.4/dmt), closing at US$48.1/dmt for the week due to two lower ViU cargos from Malaysia re-entering the Chinese market. This is despite a further extension of the Malaysian mining ban, by two months, to September 15th.<br /><br />Malaysian FOB prices remain...
