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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Caricom’s bauxite miners must industrialise to withstand impact of volatile commodity prices
Suriname's President Desi Bouterse on Monday urged Caribbean Community (Caricom) member states that are involved in bauxite mining, mining of other industrial metal ores, and oil to unite towards industrialisation rather than continue to be vulnerable to global commodity prices. “Those...
Hydro Paragominas named best mining company in Brazil
The bauxite mine, Hydro Paragominas, ranks as number one on the list over mining companies in Brazil in the latest edition of Best and Biggest of EXAME magazine. Executive vice president in Bauxite & Alumina, Alberto Fabrini, highlights that the recognition is an award earned by all at Hydro...
Bauxite mining moratorium in Pahang extended again
The moratorium on bauxite mining in Pahang, Malaysia, has been extended yet again, this time for another two months. Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said this was because there were still a sizable number of bauxite stockpiles that had yet to be...
Exploration of bauxite should be further encouraged, says Tom Albanese
Vedanta Ltd Group chief executive officer Tom Albanese, in a recent interview, said that the Government of India should take more initiatives in the mining sector and further encourage exploration of bauxite. While commenting on the winning of the first-ever auction of a gold mine in India in...
French entrepreneur exploring prospects of 'responsible mining' in Guinea's bauxite hub
Mining, as an industry, has always been associated with a history of exploitative social practices and environmental degradation, particularly in Africa. Various treaties and organizations have made efforts to clean up mining practices over the years, but very few could smell success out of it....
Indian states begin process to auction 32 mines
Four states including Maharashtra and Karnataka have started the process of auctioning 32 mines that bear minerals such as iron ore, diamond, bauxite and limestone. The initial bids for mines in these states, which also include Andhra Pradesh and Madhya Pradesh, are scheduled to start from this...
Landowning unit visits bauxite mining site in Wainunu, Bua
Landowning units and the people of Wainunu were taken to the Nawailevu bauxite mining sites in Bua to see the success of the rehab program. Tui Wainunu Ratu Orisi Baleitavea said groups had been taken to Nawailevu as an educational and informative visit. "This has been happening for some time now...
Andhra CM hardsells business avenues in the state on Day1 of his China visit
N Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh, India is making the most of his visit to China. On the very first day of his tour on Sunday, Naidu went scouting for investments in tourism, mineral exploitation and infra projects like Visakhapatnam-Chennai Industrial Corridor (VCIC)....
No mining block from Odisha makes it to the July auction list
None of the Odisha mining blocks has made it to the final list of blocks that would be auctioned in July. The Union Ministry of mines has come up with a list of 31 blocks, the auction process for which has already been initiated by different state governments. There are five blocks in Andhra...
Aurukun bauxite hits hurdle over the granting of preferred developer status to Glencore
Aurukun bauxite deposit has been hit with a legal challenge over the granting of preferred developer status to mining giant Glencore. This has put the future of hundreds of potential jobs at stake. Aurukun Bauxite Developments has lodged a claim for a judicial review to the decision made under the...
Greenhouse projects on mined-out bauxite lands aiding economic growth in Jamaica
Two major water harvesting and Greenhouse projects that have been recently started in Watt Town and Tobolski in South West St. Ann in Jamaica are helping farmers earn revenues after a long hiatus. The projects running successfully on mined-out bauxite lands are adding substantial economic value to...
Guinea's CBG gets $1 bln loan to boost bauxite production
Guinea's Bauxite Company (CBG) has reached an agreement in principle over a $1 billion loan to increase production capacity at the Kamsar treatment plant, the firm's general director told Reuters on Friday. Guinea has around a third of the world's reserves of bauxite, used to make aluminium,...
Gayatri Projects eyes underground coal mining services
Gayatri Projects is seeking to offer mining services for underground coal mines of Coal India Ltd and other companies. The Hyderabad-based diversified infrastructure company, which is into construction, infrastructure and power segments, has entered into a partnership with China Coal Overseas...
Strong project pipeline to lead growth in global bauxite ore production
Global bauxite ore production is set to experience solid growth driven by a robust project pipeline and reach 321.3 million tonnes (Mt) in 2020, according to a recent industry report. The report states that the production will witness a compound annual growth rate (CAGR) of 3.1 per cent from 2016...
Jamaica’s Alpart operation to reopen within months: Mining Minister
According to Jamaica’s Minister of Transport and Mining Michael Henry, authorities expect to reopen the Alpart bauxite mine and alumina refinery in Nain, St Elizabeth, in the present fiscal year, which runs from April 1, 2016 through March 31, 2017. Henry made the disclosure while speaking to...
Vedanta may bid for coal mines to ensure fuel security for its aluminium plants
Vedanta is planning to acquire coal mines via auctions as the mining conglomerate seeks to ensure fuel security for its energy guzzling aluminium plants. “Numerous initiatives are being taken to meet our coal requirements. We will source our overall coal mix from low-cost imports and auctioned coal...
Yunnan discovers large bauxite deposit
A large bauxite deposit was found in Ludian County, Yunnan Province, the China Geological Survey (CGS) reported. The deposit is estimated to have 20.1 million tonnes of reserves, the CGS added.
Minister says mined-out bauxite lands in Jamaica will be returned to production
Transport and Mining Minister of Jamaica, Hon. Mike Henry, says that mined-out bauxite lands across the island will be returned to productive use, especially in the area of agriculture. During a tour of two water harvesting and greenhouse cluster projects in St. Ann on June 2, Mr. Henry said he is...
