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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Unreliable power supply a challenge to Ghana mines
Unreliable power supply remains a key challenge to the sustainability of the mining industry in Ghana, Mr Kwame Addo Kufuor, the President of the Ghana Chamber of Mines, has said. Speaking at the opening session of the three-day 11th West African Mining and Power Conference in Accra, Mr Kufuor said...
Jamaican economy grows in March quarter, bauxite production drops
The Jamaican economy grew by an estimated 0.9 per cent for the quarter to March 2016 when compared with the corresponding period last year and was the same level of expansion for fiscal year 2015/16, the Planning Institute of Jamaica reported on Wednesday. The positive outturn for the quarter...
Australian Bauxite finalises second sale, third coming
New Tasmanian miner Australian Bauxite Limited is making progress after hitting market problems. The company, which mines at Bald Hill, near Campbell Town, recently finalised its second sale and is working towards a much bigger third sale. It is also eyeing a large deal in the Middle East. Mining...
Altech receives $1.75 mln balance of proceeds from sale of E70/3923
Altech Chemicals Limited has confirmed the receipt of $1.75 million, being the balance of proceeds from the sale of its Meckering exploration licence E70/3923 to Dana Shipping and Trading S.A. (Dana). The funds will be applied towards finalising the detailed design of the company’s proposed high...
India to merge underground coal mines to deploy longwall mining methods
To facilitate the induction of modern mining technology and equipment, India’s Coal Ministry is looking at merging underground mines in the same geographies and moving away from a trend of converting underground mines to opencast ones. An official in Coal India Limited’s (CIL’s) technical...
Freeze on Pahang bauxite mining possibly extended again, minister says
The moratorium on bauxite mining in Kuantan, Pahang, may be extended until all conditions set by the authorities are adhered to, according to Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar. The New Straits Times (NST) quoted him as saying that the conditions...
21st CRU World Aluminium Conference 2016: Experts throw light on the changing face of China aluminium
The 21st CRU World Aluminium Conference 2016 took place between May 9-11 in Shanghai, China. As the setting was the Middle Kingdom, many of the speakers’ presentations were oriented to the subject. CRU’s Michael Insulán delivered a presentation on the changing face of aluminium and bauxite supply...
Rio Tinto's innovative mining practices deliver environmental and cost benefits
Showing that savings in the mining industry can be achieved by implementing sustainable practices, Rio Tinto has modified the design of the rear tipper truck fleet at its Weipa bauxite mine to reduce costs and fuel usage. The mine’s rear tipper trucks are fuelled by diesel and are used during the...
India to auction 7 mines by August including 1 bauxite mine in Koraput, Odisha
Odisha government is in the process of putting at least seven mines for auction by August, state Steel and Mines Minister Prafulla Mallick said today. The seven mines include iron ore, manganese and a bauxite mine in Koraput district. "We are in the process of auctioning seven more mines by...
L&T on verge of bagging bauxite deposits in Odisha
Diversified conglomerate Larsen & Toubro (L&T) is on its way to secure the Kutrumali and Sijimali bauxite deposits in Odisha, with combined reserves of over 300 million tonne. L&T holds the prospecting license (PL) over the twin deposits and is entitled to bag the mining lease (ML) under the new...
Aurukun needs bauxite mine to normalise the economy, says MP Billy Gordon
Independent Queensland MP Billy Gordon and indigenous leaders said Friday, last week, the Palaszczuk (39th Premier of Queensland, Australia) government needed to do more to ensure economic development of the troubled Cape York community of Aurukun. He stressed upon the need for opening the bauxite...
Altech’s Meckering mining lease granted
Altech Chemicals Limited announced that its kaolin mining lease (ML) application M70/1334 at Meckering, Western Australia has been granted by the Department of Mines and Petroleum (DMP). The ML is estimated to contain ~11 million tonnes of kaolin mineral resources, representing over 250 years of...
Consent given for bauxite mining in Wainunu, Bua
A landowning unit in Wainunu, Bua on Vanua Levu has given consent for bauxite mining in the district. Although the district meeting held at Daria Village this week did not identify the mataqali, Tui Wainunu Ratu Orisi Baleitavea confirmed that a landowning unit had given its approval. In an...
Govt of India to set up online portal for monitoring mine clearances
Centre and states will create a platform to monitor the status of clearances and approvals of auctioned mines bearing minerals such as bauxite, gold, iron ore and limestone. At the first meeting of the inter-ministerial group (IMG) held earlier this month, it was decided that a software should be...
India's FY16 industrial output growth plunges but aluminium conductor shows high positive growth
Dashing hopes of recovery, growth in industrial production plunged to 0.1 per cent in March due to poor performance of manufacturing and mining sectors coupled with sharp decline in output of capital goods. Factory output measured in terms of Index of Industrial Production (IIP) was 2.5 per cent in...
Rehab programme underway in Fiji's bauxite mining areas
The Fiji Government is monitoring the rehabilitation work at bauxite mining sites in the North as outlined by XINFA Mining in their rehabilitation plan. The programme is to be continued until the site is fully rehabilitated, Director Mineral Resources Raijeli Taga said in an official update. Ms...
Bauxite-mined land can be cultivated with a little extra effort, says farmer
The lush vegetation grown by Surin Deris, a settler, has shown that land formerly mined for bauxite can be cultivated, with a little bit of extra effort. Surin, 68, a first generation settler in Tanah Rancangan Pemuda Bukit Goh, said the plants were grown about one month after bauxite mining...
Bauxite Hills EIS open for public comment
The environmental-impact statement (EIS) for the proposed Bauxite Hills project, in Cape York, has been opened for public comment after the Queensland government accepted the document. ASX-listed Metro Mining in April submitted the EIS to the Queensland Department of Environment and Heritage...
