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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Indonesia may ease ban on bauxite exports, says energy minister
Indonesia could change rules that ban exports of unprocessed minerals including nickel ore and bauxite, the country's energy minister said on Friday last week, referring to a revision of the country's mining law targeted for completion this year. "There could indeed be a relaxation of the ore...
Malaysia bauxite freeze will not fix long-term damage, say academics
A temporary ban on bauxite mining would not be enough to remedy the long-term damage it caused, academics were quoted as saying in a report. They opined that the damage might be harder to fix, even if a moratorium on bauxite mining resulted in improvements in the environment. United Nations...
Guinea general strike will not affect bauxite production, miners assure
A general strike in Guinea that began on Monday, February 15, will not curb production of bauxite, the country's top producer Guinea Bauxite Company (CBG) said on Tuesday. The miners, however, have announced their support for a nationwide protest against lowering of wages and high fuel prices....
“Sustainability questions are increasingly important for every industry…aluminium industry is no exception,” Dr Fiona Solomon, Executive Director, Aluminium Stewardship Initiative
The Aluminium Stewardship Initiative (ASI) was launched in 2012 to foster greater sustainability and transparency throughout the aluminium industry. Supported by key industry players, ASI is working with a broad base of stakeholders to assess industry-specific sustainability challenges,...
Rio considering Chinese JV partner for Amrun bauxite mine expansion
Profit or no profit, mining giant Rio Tinto remains committed to the $2.6 billion Amrun bauxite mine expansion near Weipa. And for that, the conglomerate is considering a joint venture partner that would help it fund the wholly owned project. It is known from the company sources that construction...
Paulwell: Noranda bankruptcy filing has nothing to do with bauxite levy row
Minister in charge of mining, Phillip Paulwell, has dismissed speculation that the bankruptcy filing by Noranda Bauxite’s parent company in the United States is in any way related to the recent arbitration ruling in favour of the Jamaican Government’s right to be paid the full bauxite levy that the...
Report on Bua bauxite mining presented in Parliament
A parliamentary report of the Standing Committee on Natural Resources has concluded that landowners of Nawailevu in Bua have received the full payment and fair share of royalties for the mining of the bauxite in their area. These landowners had claimed in a petition presented to parliament last...
Sluggish bauxite demand drags GMDC profits down 40% in Dec 2015 quarter
The Indian government-owned mineral exploration and development company has reported weaker year-on-year results for the final three months of last year as the Gujarat-based miner succumbed to slowing demand and weakening commodity prices. Gujarat Mineral Development Corporation Ltd. (GMDC) has...
Noranda Aluminum hit by commodity crash, seeks bankruptcy
Noranda Aluminum Holding Corp, which smelts and refines aluminum and mines bauxite, filed for bankruptcy on Monday and joined a growing list of commodity-related businesses in Chapter 11. Over the past year scores of commodity-related businesses have filed for bankruptcy as prices for metals,...
'More protection with new bauxite-mining scheme,' says Pahang Environment Ministry
The new bauxite-mining scheme being finalised by the Natural Resources and Environment Ministry, Malaysia, will provide better protection for the people and environment, as well as ensure sustainability of the industry. Its minister, Datuk Seri Dr Wan Junaidi Tuanku Jaafar, said that at least three...
Alcoa celebrates one billionth milestone in bauxite mining
Alcoa’s workforce is celebrating an historic milestone after achieving one billion tonnes of bauxite mined, following 53 years of operation in Western Australia. President Alcoa Mining Garret Dixon saluted the hard work and tireless efforts of past and present employees who have worked across its...
China names ex-Chalco Chairman to lead State Assets Regulator
A former aluminum executive who oversaw China’s biggest mining acquisition was named head of the country’s state-owned assets regulator as Beijing overhauls its bloated industrial sector. Former Aluminum Corp. of China President Xiao Yaqing was appointed chairman and Communist Party deputy...
Hindalco said to face threat of Baphlimali mine closing
Hindalco Industries Ltd., India’s second- largest producer of aluminum, may have to halt mining at its biggest bauxite reserve after part of the land was recently deemed forest, requiring a new permit, people with knowledge of the matter said. The company needs to obtain approvals by 9 March and is...
Long-term impact of Kuantan's unregulated bauxite mining a cause of concern
Rampant, unregulated bauxite mining in Malaysia’s Kuantan and its impact on the region’s environment and economy have revealed loopholes more than one in the country’s industrial regulatory system. Why only Malaysia’s? - The setback has unearthed many gaps existing within the mining industry’s...
Expert urges Malaysian govt to review three-month ban on bauxite mining
The long term damage caused by unregulated bauxite mining activities can negatively impact Malaysia's tourism sector, observed Prof Dr Ahmad Puad Mat Som dean of Faculty of Applied Social Sciences, University Sultan Zainal Abidin (UNISZA). "Bauxite mining has caused damages to the environment and...
Guinea miner Alufer to produce 5 mt of bauxite in 2017
Guinea-focused bauxite miner Alufer will produce 5 million tonnes of bauxite next year, the mines minister said on Monday, potentially boosting Guinea's output by more than a quarter. Guinea holds nearly a third of the world's reserves of bauxite, the metal used to make aluminium, and currently...
French tycoon Xavier Niel buys stake in Guinea bauxite miner
French telecoms tycoon Xavier Niel's NJJ Capital has acquired a minority stake in Alliance Miniere Responsable (AMR), a Paris-based company developing bauxite reserves in Guinea, AMR said on Wednesday, 24 January. The stake, the size of which was not known, is the latest investment by one of...
Bauxite Resources updates on its quarterly activities and cashflow status
Bauxite Resources Limited (BRL) has recently announced its December 2015 quarterly activities and cashflow results. Following are the financial and operational highlights: - Cash at bank at 31 December 2015 was A$21.1 million and no debt. - Quarter exploration activities were minimal within the...
