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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Ghana seeks global investors for bauxite mining
A Principal Mining Officer at the Minerals Commission, Jerry Ahadzi has said that Ghana is in search for investors to exploit its bauxite and other mineral resources. These investors, according to him would also be expected to lead in the development of the entire value chain for these mineral...
About 60% of bauxite waste affected areas cleaned up in Pahang
The state Fire and Rescue Department, Pahang, confirmed that about 60% of the bauxite waste affected areas has been cleaned up since the cleaning works began on January 14. Its director Datuk Abdul Wahab Mat Yasin said cleaning was expected to be completed earlier than the scheduled date on...
Metro Mining sees major profit hike in doubling bauxite plans
Metro Mining released results of a Pre-feasibility Study showing considerable benefits in increased production under an Environment Impact Statement process. Late last year the State Government requested Metro undertake an Environment Impact Statement - rather than the less onerous Environmental...
XINFA Aurum Exploration Fiji reports decline in bauxite export
XINFA Aurum Exploration (Fiji) Ltd confirmed yesterday a decline in their bauxite export caused due to global recession that hit the economies last year. Ever since then, the demand for bauxite has dropped sharply affecting shipments departing from the shores of Bua. XINFA Aurum Exploration...
Environment Ministry re-issues APs for bauxite mining in Pahang
The Natural Resources and Environment Ministry has approved the re-issuance of Approved Permits (AP) for bauxite-mining near Kuanatan area in Pahang. Its minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the APs to be given back to the mining sites were to enable the relocation of the 70,000...
Ma’aden announces reduction in profits and increase in production and capacity
The Saudi Arabian Mining Company (Ma’aden) announces a net profit of SR605 million for the financial year 2015, a decrease of 55% compared to its 2014 financial net results. Speaking on these results, Ma’aden CFO Khalid Al-Rowais pointed out that the company has been impacted with the decline of...
Malaysia bauxite mining ban may be extended further
Malaysian ban on bauxite mining may be extended. CBIX was down 1.1% (US$0.5) over the week, finishing at US$47.1/dmt, as lower prices from non-Malaysian suppliers continued their trend lower. Sentiment from Malaysia suggests authorities are likely to take a hard line approach to ensuring bauxite...
Aluminium stockpiling fund gives glimpse of China metals reforms
China's plans to set up funds to manage coal and ferrous metal capacity closures and stockpiling schemes offer nervous markets some clarity on the likely future make-up of the country's sprawling and predominantly state-run metals and mining industries. As the world's largest producer of aluminium,...
South32 puts focus on balance sheet
BHP spin-off South32 has slashed its debt and sharply cut costs as it races to stay ahead of weaker earnings amid a slump in commodities prices. The company on Thursday posted drops in production across most of its businesses for the December quarter. South32 has already cut or suspended production...
India to host mega mining conference-cum-exhibition in Kolkata in Feb
India’s mining industry set to reach $36 billion to open up commercial coal mining to private companies with the aim of shifting the world’s third largest coal importer towards energy self-sufficiency. A mega conference, the 6th International Mining, Exploration, Mineral Processing Technology,...
Gramercy's Noranda alumina plant could close; 444 jobs at stake
A foreign tax dispute and sagging commodity prices could lead a St. James Parish manufacturing plant to close, leading to the loss of 444 jobs. Noranda ships bauxite that it mines in Jamaica to its plant in Gramercy, where alumina is extracted. That material then goes to the company's smelter...
Metro Mining secures native title and land access agreement
Metro Mining has finalised a significant life-of-mine Native Title and Land Access Agreement for its Bauxite Hills project, north of Weipa. In a release to the Australian Stock Exchange today, Metro Mining says the agreement, reached jointly with the Ankamuthi People, and the Old Mapoon Aboriginal...
Expert says Malaysian bauxite industry needs a stricter system
The Government of Malaysia should draw up more stringent procedures for the industry during the three-month moratorium on bauxite mining, says geologist, Dr Habibah Jamil. Dr Jamil, who is also a part of the Science and Technology Faculty at Universiti Kebangsaan Malaysia, said it was vital because...
Rio Tinto posts production growth despite alumina price slump
Global mining behemoth Rio Tinto reported growth in production in its alumina operations in FY 2015. Alumina production from the company's QAL and Yarwun plants in 2015 totalled 6.61 million tonnes (mt), an increase of 355,000 tonnes from the 2014 total of 6.256 mt. The QAL plant produced 3.747 mt,...
Hydro remains committed towards environmentally sustainable bauxite mining
The Research Council of Norway and the state of Pará in Brazil has agreed on a new research collaboration. The agreement is important for Hydro's research on biodiversity and forest rehabilitation after bauxite mining. In 2013, Hydro joined an extensive research collaboration (Biodiversity Research...
The CBIX index remains flat during January third week
The CBIX index remained flat leading into the Malaysian mining ban, which takes effect this week. CBIX was down 1.8% (US$0.9/dmt) to US$47.6/dmt as non-Malaysian cargos continued to display variable (and mostly lower) ViU pricing. Both panamax and capesize freight rates fell further, on the back of...
Australian bauxite aspirants struggle for traction amid bauxite boom
Mining development companies which are aspiring to make it big in the Australian bauxite market are struggling for traction despite Chinese imports of the aluminium ingredient rising 45 per cent in 2015. While industry giants like Alcoa and Rio Tinto are increasing their exposure to bauxite, the...
MD Simon Finnis updates on Metro's bauxite mining plans
Metro Mining MD Simon Finnis in a recent interview gave a detailed update on his company's upcoming bauxite mining development projects. According to the interview excerpts, Metro Mining increased its Cape York Direct Shipping Ore (DSO) bauxite resource base to 65.3 million tonnes. An 11.7 million...
