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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OMC and Vedanta Resources team up to secure bauxite mining rights in Niyamgiri Hills
<p>Odisha Mining Corporation (OMC) and Vedanta Resources have teamed up to find a headway together in the Niyamgiri bauxite mining issue which has long been the centre of a multi-faceted problem involving the state, the mining conglomerate, and major political parties at the Centre. <br /><br />OMC...
Pahang government to Kuantan bauxite miners: Fulfil all conditions first
<p style="text-align: left;">Government of Pahang sends out a clear message to the bauxite miners in the region- they should fulfil all conditions stipulated for them before the moratorium on mining can be lifted. <br /><br />Natural Resources and Environment Minister Datuk Seri Wan Junaidi Jaafar...
Increase in mining volumes in Timan and North Urals drives RUSAL's Q2 bauxite output up 3.9%
<p>In the second quarter 2016, UC RUSAL reported a 3.9 per cent quarter-on-quarter rise in bauxite output, totalling at 3,126 thousand tons driven largely by an increase in mining volumes at the Timan and North Urals mines. <br /><br />Bauxite output from the company's Guyana mining site declined...
Bauxite Resources continues to look for new investment opportunities in mining
<p>Bauxite Resources Ltd publishes its June 2016 Quarterly Activities and Cashflow Report. The report confirms that the proposed 5 cent per share return of capital payment was completed on 21 June 2016.<br /><br />Exploration activities continued but at a minimal levels on the HD Mining...
Aurum Exploration met compliance regulations during one year of bauxite export stagnation
<p>The bauxite mines in Bua, Papua New Guinea, have been constantly under the scanner. The Department of Mineral Resources has conducted regular inspections, all of which revealed full compliance on the part of Aurum Exploration Fiji Ltd, the company owning the bauxite mining sites in the region....
Australian Bauxite posts strong sales in the quarter ended June 30
<p>Australian Bauxite Limited released their quarterly report & activities statement for 3 months to 30 June 2016 on July 24, Sunday. The mining group with an available cash plus R&D incentive (due) amounting to $2.9 million posted strong sales of cement-grade bauxite totalling 40,000...
Rio reports nine per cent production growth in Bauxite in Q2 2016
<p>Rio Tinto releases its second quarter production results on July 19 2016 reporting growth in all verticals of its aluminium business.<br /><br />Rio reports nine per cent production growth in Bauxite in comparison to the first half of 2015. This was primarily due to the three per cent improved...
North America's market share in bauxite mining to grow on the back of increased aluminium demand
According to a recently published report, North America has the largest market share for bauxite mining owing to increased aluminium demand in the region. Europe and Asia Pacific region follows North America in bauxite demand. North America is expected to maintain its dominance from 2015-2020....
National Aluminium gains on bagging Pottangi bauxite mines
National Aluminium Company (NALCO) was trading higher by 4 per cent to INR 50.10 on the BSE in an otherwise subdued market after the company announced that the government has granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company's 22,75,000-tonne alumina refinery is...
NALCO granted mining lease of Pottangi Bauxite Mines in Odisha
Odisha’s Department of Steel & Mines has granted the lease of Pottangi Bauxite Mines, in Koraput district of Odisha to Navaratna PSU National Aluminium Company Limited (NALCO), a company press release reported yesterday. The lease, which covers an area of about 4,295 acres has been granted for a...
Alumina production steady but returns slide
Alumina says production at its AWAC joint venture with Alcoa held steady through the second quarter, with its returns falling despite improved margins. The ASX-listed Alumina (AWC) said AWAC production came in at 3.2 million tonnes, exactly in line with first quarter numbers. Its total dividends...
Australia’s Iron Mountain announces significant bauxite find in Solomons
Australian miner Iron Mountain Mining Limited announced late last week that it has discovered “extensive large-scale” deposits of bauxite in the Solomon Islands. The firm made the discovery in the course of its exploration at the Nendo Bauxite Project in Temotu Province. According to the firm, the...
Metro Mining secures $8.9 mln for Bauxite Hills Project
Greenstone Resources, a specialist mining and metals private equity fund based in the Channel Islands, has agreed to provide a major financial injection to Metro Mining’s flagship Bauxite Hills Project, near Weipa. In an ASX announcement today, Metro Mining confirmed the signing of definitive and...
Operating costs at bauxite mines driven down by falling fuel prices and strong US dollar
The world average bauxite mine site cost fell for the third consecutive year in 2015, decreasing by 8.0 per cent. The strong US dollar and weak energy prices have been the key drivers of cost deflation in the bauxite mining industry. As most of the revenues for third party bauxite mining companies...
Mining to contribute 1% to India's GDP growth rate, says minister
India's newly elected Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy Piyush Goyal, immediately after taking charge of his portfolio, said he expects the mining sector to contribute one per cent to the country’s GDP growth in the next one to two years. Goyal has...
We believe, while ‘one arm’ is in India, we should've ‘another arm’ in Africa: Anil Agarwal, Vedanta
Billionaire Anil Agarwal, the London-based founder chairman of Vedanta Resources, said his group will invest one billion dollars in Africa, betting on the continent and India as the two growth engines for the metals and mining group. "We believe, while 'one arm' is in India, we should have 'another...
State preventing clearance of Pahang’s bauxite stockpiles
Bauxite miners in Pahang are significantly less than happy about the latest extension in the government’s mining ban in the province, according to interviews conducted by local media outlets. The latest extension is the second such from the government, which extends the ban until mid-September....
Aluworks nears closing in on US$25m turnaround deal with Vedanta Resources
Aluworks announced that they are close to sealing a US$25million strategic investment deal with Vendata Resources, one of the world’s largest natural resources companies with an interest in aluminium and other resources. “We are talking in a matter of weeks,” Ralph Rossouw, a Director of Vendata...
