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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India's Warna Minerals files petition against illegal bauxite mining by a Mumbai firm
In a twist to the ongoing issue over bauxite mining in Shahuwadi tehsil in the district, India's Kolhapur-based Warna Minerals on Monday filed a petition in the Bombay high court claiming that it had sought all the permissions, but a Mumbai firm illegally carried out mining at the site. The hearing...
JSW wins South32 contract at Boddington bauxite mine
Hughes Drilling’s WA division JSW has won contracts with Ramelius Resources and South 32. The South32 contract is at the Boddington bauxite mine for 18 months. Under the contract, JSW will continue to provide blast hole drilling services, utilising four blast hole drills to complete the project....
NALCO signs allotment agreement for coal blocks in Odisha
National Aluminium Company Limited (NALCO) had been allotted Utkal-D & E coal blocks, near the company's Captive Power Plant in Angul district of Odisha. The allotment agreement for these blocks having a reserve of more than 200 million tonnes of coal was signed between the Centre and NALCO in New...
New SOP on bauxite mining sent to Malaysian federal govt.
<p>The proposed improved standard operating procedure on bauxite mining has been completed and sent to the federal government, said Menteri Besar Datuk Seri Adnan Yaakob, in Kuantan, Malaysia.<br /><br /> He said the SOP, which was produced with the cooperation of all relevant agencies in the...
Australian Bauxite hopes improving market conditions will fire up its Campbell Town mine
Australian Bauxite hopes it will be able to finally lock in a sale within the next month for some of the 120,000 of material extracted from its Campbell Town mine last year. Trouble struck the small mining company’s Bald Hill mine in December when the global bauxite mining collapsed, just after it...
Wan Junaidi cites lack of rules for slow reaction to Pahang bauxite crisis
A lack of regulations and coordination among government agencies were the main reasons why Putrajaya was slow to respond to the Pahang bauxite mining crisis, Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar admitted today. He also said the state lacked thorough...
Resumption of bauxite mining contingent on compliance: Malaysia Natural Resource Minister
Malaysia’s Minister of Natural Resources and Environment Datuk Dr. Haji Wan Junaidi Tuanku Jaafar addressed reporters yesterday on the subject of the ongoing bauxite moratorium and cleanup, and new rules that are expected to take effect when mining is again allowed in the area. Wan Junaidi said...
Odisha bauxite mines allocation to L&T gets delayed
Engineering conglomerate L&T's bid to bag the prized Kutrumali and Sijimali bauxite deposits has hit the wall of delay. Although the Odisha government had recommended the twin bauxite deposits in favour of L&T, the central mines ministry has questioned the delay in grant of mineral concession to...
India mines ministry gives its nod to increase Odisha’s bauxite mining lease area
The Ministry of Mines (India) has given its consent to increase the lease area for mining of the mineral from 10 sq. km to 50 sq. km. in the state of Odisha. This is expected to bring economies of scale and increase production of bauxite in the country. Deepak Kumar Mohanty, director of mines,...
Nalco draws up INR 37,000-cr plan for expansion, diversification
State-owned aluminium major National Aluminium Co Ltd is planning to invest over INR 37,000 crore over the next 5-7 years for expansion of existing facilities, setting up of new smelter unit overseas, development of mines and diversification in power. Reducing expenses According to Tapan Kumar...
Appeal for bauxite mining to resume in Pahang
Pahang mineral operators have submitted a memorandum to the Natural Resources and Environment Ministry urging the authorities to reactivate bauxite mining. Pahang Mineral Operators Association vice-president Yap Soon Huat handed over the memorandum to the ministry's principal assistant secretary...
Indonesia hopes four new smelters complete in 2016
Indonesia hopes four new smelters will be completed in 2016, a mining ministry official said on Wednesday, as low commodity prices continue to create financial problems for the mining industry and shrink government returns. Indonesia banned metal ore shipments in early 2014 to encourage firms to...
Moratorium cost bauxite miners RM800m; stockpiles clearing gains momentum
The bauxite mining moratorium that started in Pahang near Kuantan Port area on January 15 has had a rather serious effect on the operators' balancesheets. The Pahang Mineral Operators Association (PPMNP) claims, they have have suffered a loss of RM800 million since the government imposed the...
GoI to auction 42 blocks in Phase II including one bauxite in Maharashtra
The Government of India will be auctioning a total of forty three blocks in the second phase of mineral auctions during 2016-17. These blocks have been identified by seven state governments for auction under the Mines & Minerals Development & Regulation (Amendment) Act, 2015. The forty two blocks...
Consultation with villagers to commence over planned bauxite mining operations
Rural administration of the district of Wainunu in Bua, Fiji, is thinking of taking the villagers in their confidence before commencing any developmental work pertaining to bauxite mining in the region. At a district traditional meeting last week in Bua, Chief Tui Wainunu Ratu Orisi Baleitavea said...
Bauxite operators complying with moratorium - Pahang CPO
Pahang police chief Datuk Seri Sharifuddin Ab Ghani said the results of monitoring conducted with several enforcement agencies found all parties including lorry drivers adhered to the temporary suspension on the bauxite mining activity. There have been no violations of the moratorium here since it...
Stuck deals to get ‘million-dollar’ push with tweaked mining law
India will see billions of dollars moving into deals stuck in the power, cement and steel sectors, as the Cabinet on Thursday approved the amendments to the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act, 1957). This will pave the way for transfer of captive mining leases not...
Altech Chemicals announces kaolin mining rights agreement terminated
Altech Chemicals Limited announced that it has terminated the agreement with Dana Shipping and Trading S.A. to grant Dana the exclusive right to mine up to 10Mt of kaolin from the company's Meckering kaolin deposit. Under the terms of the kaolin mineral rights agreement, if the First Condition had...
