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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Niyamgiri bauxite mining logjam continues
Peeved over the Odisha government’s fresh bid to go for bauxite mining in Niyamgiri hills despite rejection by the Gram Sabhas, the Niyamgiri Suraksha Sangram Samiti has threatened to launch a big stir. Tribals of Niyamgiri on Tuesday sought the intervention of Governor SC Jamir to stop the State...
CMDC to offer licence for mining bauxite in Barima block
The Chhattisgarh Mineral Development Corporation (CMDC) would soon be offering license for mining and marketing of bauxite mineral from its Barima block in Sitapur district of Surguja district. Open-cast mechanized mining method with drilling and blasting is proposed for the project, officials...
First Bauxite Corp closes second tranche $11m non-brokered private placement
First Bauxite Corporation has announced the closing of the second tranche of a non-brokered private placement to Resource Capital Fund VI L.P. of a US$11 million principal amount secured convertible note bearing 8% interest and maturing August 1, 2017. The principal amount of the Note will be...
Former bauxite mine may be used as industrial area in Kuantan
The former bauxite mine in Felda Bukit Goh, Kuantan, may be developed as an industrial area if the land is no longer suitable for oil palm. State Felda Affairs Committee chairman Abu Bakar Harun said this was an alternative plan being considered to help the settlers after the stopping of mining...
SC begins hearing on Odisha's Niyamgiri bauxite mining
The Supreme Court of India has renewed the hearing of the case relating to bauxite mining over the ecologically vulnerable Niyamgiri hills in Odisha, a project that has been facing several obstacles ever since tribals nixed it in 2013 at the gram sabhas. A two-member bench of the apex court...
MP wants comprehensive DEIA on Kuantan's bauxite mining
Kuantan MP Fuziah Salleh has called for a comprehensive, detailed environmental impact assessment (DEIA) to be conducted on bauxite mining activities in the Pahang capital. "Considering that not a single EIA was done before issuing the licences for the mines, we don't really know the impact of...
Bauxite mines can be developed as industrial park
The former bauxite mine in Felda Bukit Goh, Kuantan, may be developed as an industrial area if the land is no longer suitable for oil palm. State Felda affairs committee chairperson Abu Bakar Harun said this was an alternative plan being considered to help the settlers, after the mining activities...
Venezuela aluminum production continues to drop
Aluminum production in Venezuela continued to drop in 2015, the Ministry of Industry said in its annual report, after a year of labor conflicts, timid investment and a deep recession. Venalum, Latin America's largest aluminum factory, had output of 90,795 metric tons of the metal last year, a 15...
Metro Mining receives Terms of Reference for Bauxite Hills EIS
Metro Mining Ltd has announced the receipt of the final Terms of Reference (ToR) for progressing the Bauxite Hills Project Environmental Impact Statement (EIS). The ToR incorporated the relevant comments and concerns raised during the recent consultation period. The ToR was delivered ahead of the...
Odisha govt challenges Supreme Court’s judgement in Vedanta bauxite mine case
Government of Odisha has filed an interlocutory application before the apex court challenging the landmark Supreme Court judgement in the Vedanta bauxite mine case. The Court in its judgement had upheld the statutory powers of the tribal village councils under the Forest Rights Act and the...
Indonesia Asahan Aluminium named holding company for mining SOEs
The Ministry of State-Owned Enterprises has appointed PT Indonesia Asahan Aluminium (Inalum) as the holding company for state mining companies. This makes Inalum be in charge of PT Bukit Asam (Persero) Tbk (PTBA), PT Timah (Persero) Tbk (TINS), and PT Aneka Tambang (Persero) Tbk (ANTM). Fajar Harry...
South32 suffers US$1.7 bn impairment
South32, the spin-off of mining giant BHP Billiton, posted underlying first half earnings of US$26mn. The figure, for the six months ended December 31, compares with underlying earnings of US$460mn a year earlier, the firm said in a release. The new company took operational control of its assets a...
IME 2016 concludes successfully in Kolkata
The recently ended 6th International Mining, Exploration, Mineral Processing Technology, Metals & Machinery Exhibition at the Eco Park, Rajarhat, Kolkata, was an apt business and networking platform for the Indian metal and mining sector which is struggling with a number of issues like a volatile...
Queensland Bauxite negotiating with AID for development of NSW reserves
Australian mining company Queensland Bauxite has opened negotiations with Australian Infrastructure Developments (AID) to explore options for the transport of the former’s bauxite production in New South Wales. AID, a freight project developer, is proposing to build a national freight...
Bauxite mining moratorium may be extended; rehabilitation will take 2 years, says expert
The three-month moratorium on bauxite mining in Pahang may be extended if authorities could not meet the terms by its April 15 deadline. Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said he was satisfied with the progress of stockpiles clearing at the Kuantan...
Environmental group calls for Pahang bauxite moratorium extension
An environmental group has casted doubts on whether Pahang authorities would meet the terms of the ongoing bauxite moratorium to tackle pollution caused by rampant mining in the state for over a year. National Treasures Protection Society (Peka) Pahang chapter president Khaidir Ahmad said the...
Minister to meet Kuantan officials over bauxite mining issue
Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said he will meet Kuantan officials this Friday, February 26, to obtain the latest information over the state’s efforts to clean up the city after it was affected by the rampant bauxite mining activity. “I will get...
Felda to decide on settler aid after bauxite moratorium ends
Felda (Felda Global Ventures Holdings Berhad) will consider the form of assistance to be given to its settlers involved in bauxite mining after the three-month moratorium ends in April. Its chairperson Mohd Isa Abdul Samad said Felda needed to wait for the decision on whether the mining activities...
