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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Decision to allow bauxite mining after public debate: CM, Andhra Pradesh
Asserting that his government would not go against the interests of tribals, Andhra Pradesh Chief Minister N Chandrababu Naidu today said a decision on allowing bauxite mining in Visakhapatnam region would be taken after a thorough public debate. Speaking on the issue in Legislative Assembly, he...
Noranda Bauxite workers await massive job cuts in January
Noranda Bauxite Company, Jamaica, is considering massive job cuts at their in St Ann bauxite mining site come early next year. More than 30 per cent of employees could be out of a job due to this move. It is reported from reliable sources that the company is planning this redundancy exercise when...
High-grade bauxite deposit unearthed in Queensland
AIM listed IronRidge Resources has discovered a high-grade Direct Shipping Ore bauxite deposit in Queensland, Australia. IronRidge said its 16 sq km licence at its Monogorilby project where the deposit has been unearthed had the potential of becoming a new mineral hub with significant scale...
Government allocates Pottangi mines to Nalco, shares gain over 1%
Pottangi mines located in Odhisa has been allocated to state-run aluminium producer Nalco for manufacturing one MTPA alumina refinery by 2020. This was informed by Vishnu Deo Sai, Minister of State for Steel and Mines. The alumina refinery (stream-5) will come up at Damanjodi, Koraput district in...
‘No ambiguity on bauxite mining issue,’ says Tribal Welfare Minister, AP
Minister for Tribal Welfare, Social Welfare and Empowerment Ravela Kishore Babu on Sunday hit out at the opposition party leader for criticising the State government’s stand on bauxite mining and claimed that the government would not do anything against the wishes of the tribal people in the...
Altech Chemicals inches towards German credit support for HPA
Altech Chemicals has taken a step closer to clinching the support of an export credit insurance scheme which could cover most of the total capital cost of the company’s high-purity alumina (HPA) project. Altech has received a letter of interest from the administrator of Germany’s export credit...
First Bauxite Corporation gets mining licence extended
First Bauxite Corporation announced today that the Government of Guyana (GoG) has granted a two-year extension to the construction commencement date under the Bonasika Mining Licence from January 31, 2016 to January 31, 2018. In addition, the GoG may grant a further one year extension to January...
Pahang to decide on bauxite mining by the year end
Putrajaya and the Pahang government will announce a plan for dealing with bauxite mining activities in the state by the end of this month, Menteri Besar Datuk Seri Adnan Yaakob said yesterday. "The state government and the Ministry of the Natural Resources and Environment will make an announcement...
Aluminium smelters across Ghana record huge losses
Metal manufacturing firms in Ghana, which include small to medium sized aluminium smelters, continue to record losses in their operations due to a host of factors including the hostile exchange rate market and the poor power situation in the country. According to the industry sources, the rolling...
"A nation must exploit its natural resources in order to grow," Vedanta Chairman Anil Agarwal
Anil Agarwal, the founder and Chairman of Vedanta Resources Plc., in a freewheeling discussion on India's industrial development and inclusive growth process, said in his signature unabashed style, “It is vital for a nation to develop its natural resources. If a nation is to develop above the...
Altech Chemicals Ltd: Kerrigan exploration licence granted
Altech Chemicals Limited advises that exploration licence E70/4718 (Kerrigan project) has been granted. The licence covers an area of approximately 480km2, is on freehold agricultural land and contains Inferred Kaolin Mineral Resources of 85 million tonnes at 85.1% brightness (JORC 2004). The...
Odisha govt to put only two mines for auction
The Odisha government would put only two mines for auction in the first phase even as it had identified 12 blocks for open bidding in the state. "Two mines like Ghoraburahani-Sagasahi East Iron Ore Block and Jhunka-Patriposi block, will be put for auction in the first phase," state steel and mines...
Vishakhapatnam bauxite mining logjam: Tribal JAC seeks withdrawal of GO
After the Left Parties voiced their opposition against proposed bauxite mining in Andhra’s Vishakha Agency area, it is now the leaders of the Tribal Joint Action Committee (JAC) who are up against government’s initiative to unleash the mineral development potential of the state. They have demanded...
India's mineral-rich states to auction up to 70 mines this fiscal
Nine mineral-rich states in India are expected to auction up to 70 mines to private firms for captive use this fiscal, mines secretary Balvinder Kumar said on Thursday. Of these, the auction process for 28 mines has started in five states, he said at a CII conference. Kumar also said that the...
MP requests for stop-work order for bauxite mining during monsoon in Kuntan, Malaysia
Kuantan MP Fuziah Salleh wants the Pahang state government to issue a stop-work order for bauxite mining before the monsoon floods hit the state. She claimed four hours of rain in the early hours of Sunday had caused the retention wall of a bauxite cleaning pond in Bukit Goh to burst, and the water...
Metro to make takeover offer to Gulf Alumina transaction to create leading independent Cape York Bauxite Company
Brisbane based Metro Mining Limited will make a takeover offer for unlisted Cape York mining company Gulf Alumina Limited. Gulf Alumina holds tenements adjacent to Metro Mining’s Bauxite Hills Project, 95kms north of Weipa. Metro Mining CEO Simon Finnis says his company has already secured 20% of...
TasRail missing out on revenue due to bauxite mine's slow start
Tasmania's state-owned rail operator is missing out on revenue as the operator of a new bauxite mine near Campbell Town fails to find buyers. During government business scrutiny hearings, TasRail management revealed Australian Bauxite had fallen far short of supplying its contracted volumes for...
Cairns businesses stand to benefit from $2.6bn bauxite project at Weipa
Cairns businesses have been urged to ensure they are competitive to seize the opportunities offered by a $2.6 billion bauxite mine expansion on Cape York. Rio Tinto on Friday, November 27, gave board approval of the long-awaited Amrun bauxite project, formerly known as South of Embley, at Weipa....
