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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Nalco eyes 68.95 lakh tonnes of bauxite
The National Aluminium Company Limited (Nalco) targets to produce 68.25 lakh tonnes of bauxite and 21.50 lakh tonnes of alumina from its mines and refinery unit at Damanjodi in Koraput district during the current fiscal year. "In 2015-16, we broke all our records by producing 63.4 lakh tonnes of...
Rio Tinto's Q1 2016 bauxite production rises 6% YoY
Rio Tinto released robust first quarter production results for FY2016. Despite weakness in global commodity prices, the mining and metals giant reported year-over-year increase in production of bauxite, the prime ore for aluminium production. Bauxite production of 11.1 million tonnes during the...
$40m bauxite mine at Weipa shows promise for 250 jobs next year
A new $40 million bauxite mine is on track to start production next year with jobs for up to 250 people over the life of the project. Bauxite Hills, north of Weipa on Western Cape York, has a Direct Shipping Ore resource of 65.3 million tonnes, worth about $3 billion at today’s prices, and a mine...
Nine mines in Odisha including bauxite mines to be auctioned by year end
By December this year, nine mines, including iron ore, limestone and bauxite mines will be auctioned in Odisha, the state steel and mines minister Prafulla Mallik has said. For this necessary steps are being undertaken for the mines to be moved from G-3 to G-2, while GPS survey is also on he said...
Nalco eyes JV route for 5-lakh tonne aluminium plant in Iran
The state-owned aluminium maker Nalco is considering setting up a 5-lakh tonne per annum aluminium plant in Iran through a joint venture (JV). Nalco CMD T K Chand, who was part of the delegation led by Petroleum Minister Dharmendra Pradhan to the Islamic country, met a top Iranian official...
Pahang law enforcement agencies extend bauxite checkpoint operations
Pahang law enforcement agencies along with Pahang police will continue with operations on bauxite mining at nine checkpoints in line with the extension of the mining moratorium period. State police chief Sharifuddin Ab Ghani said the checkpoints which operated 24 hours a day were to ensure that...
Rio Tinto warns of job cuts at Weipa bauxite operations
Mining giant Rio Tinto is flagging job cuts at its Weipa bauxite operations. The company has not revealed exact numbers yet, but has written to all personnel, warning them of job losses as part of a review to cut costs because of falling aluminium prices and competition. The operation employs 1400...
India launches space technology to tackle illegal mining of bauxite and other minerals
Rising levels of illegal mining in India is seeing the government implement space technologies in an effort combat the issue. Each state was also asked to gather information on past illegal mining activities of minerals like bauxite and other metal ores, and methods used to check them. Balvinder...
Mixed reactions to extension of Pahang bauxite mining moratorium
Pahang federal government’s decision to extend the moratorium on bauxite mining by three more months is viewed as a move in the right direction for the people’s well-being. Pahang Menteri Besar Adnan Yaakob welcomed the decision and thanked the federal government for taking the move. “It is the...
Malaysia extends bauxite ban
The Malaysian bauxite export ban has been extended by an additional three months to July 15, 2016. The extension was announced Friday, last week, by Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar at a press conference. In announcing the ban, Dr Wan Junaidi made...
'Kuantan MP wants moratorium on bauxite mining extended
Kuantan MP Fuziah Salleh wants the three-month moratorium on bauxite mining in the state be extended until a more comprehensive standard operating procedure (SOP) is put into place. Fuziah also urged that existing licences for bauxite mining activities be cancelled and new applications be made...
Mozambique Government concerned at lack of market for bauxite
The Mozambican government is concerned at the lack of a market for the bauxite mined in the central province of Manica.Last year, Manica produced 4,985 tonnes of bauxite, a 47 per cent increase on the 3,386 tonnes produced in 2014. But much of this production remains unsold because of the...
Alcoa signs bauxite supply contracts worth more than $350 million
Alcoa, the world’s largest bauxite miner, today announced that Alcoa World Alumina and Chemicals (AWAC) has secured multiple bauxite supply contracts valued at more than $350 million over the next two years. Under the contracts, the Company will supply bauxite to external customers from three of...
India’s Supreme Court rejects bauxite mining in Odisha’s Niyamgiri Hills
India’s Supreme Court ruled on April 1, Friday last week, that it could not issue an order for bauxite mining to begin in Odisha without getting input from local governments and other stakeholders in the area. The court required that the Odisha Mining Corporation add the fourteen gram sabhas (local...
Pahang miners point to compliance and seek resumption of bauxite trade
The Pahang Mining Operators Association (PPMNP) said Tuesday that it has submitted standard operating procedure proposals on bauxite mining to Pahang’s Mentri Besar (chief executive) and Kuantan Port authorities, but they have yet to receive a response. PPMNP’s vice president, Yap Soon Huat,...
Australian Bauxite says firm soon to reopen Bald Hill Mine
After months of delays, Australian Bauxite says that market conditions are finally returning to a level that will make it possible to reopen operations at its Bald Hill mine. The firm has been attempting to sell the 120,000 metric tons of bauxite they extracted from their mine in Campbell Town,...
Guinea and Burkina Faso to take back unused mining permits
Guinea and Burkina Faso plan to take back hundreds of unused mining permits for re-auction, ministers said this week, as governments try to reignite interest in the sector amid a downturn. Permits awarded in recent years that are not being used for exploration or production should be made available...
Iron Mountain eyes bauxite on Solomon Islands
Junior explorer Iron Mountain Mining has secured an option over two bauxite projects in the Solomon Islands. The company reported on Wednesday that it had signed an option agreement to acquire a 50 per cent stake in privately-held Au Capital Mining, which held two prospecting licences in the...
