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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Noranda ekes out profit despite higher bauxite levy
Noranda Bauxite Limited was able to eke out US$500,000 (J$60 million) of operating profit during the three months to September. The mining company generated US$33.5 million in sales during the quarter, or US$2.7 million higher revenue than year-earlier levels. This was primarily as a result of an...
Rio Tinto approves US$1.9 billion Amrun bauxite project
Rio Tinto will expand output from one of the world’s premier bauxite deposits following approval of the $1.9 billion Amrun project. Amrun involves the construction of a bauxite mine and associated processing and port facilities on the Cape York Peninsula in north Queensland. The planned initial...
CM Naidu releases white paper on bauxite mining in Visakha Agency
Andhra Pradesh Chief Minister Chandrababu Naidu’s remarks after releasing a white paper on bauxite mining in the Visakha Agency areas on Tuesday leave room for the Government to go ahead with its GO No. 97 which facilitates bauxite mining in the Jerrela area. Without acknowledging the protests by...
Moving beyond compliance remains essential for Hydro
Alberto Fabrini, Executive Vice President Bauxite & Alumina, says Hydro’s ambition is to return the forest impacted by bauxite mining to the same or better state than before mining activity. At a climate and biodiversity seminar in Belem, Brazil, on Wednesday this week, Fabrini stressed Hydro’s...
Andhra Pradesh CM pushes for mining of bauxite
In what appears to be a renewed attempt to revive the controversial bauxite-mining in the Agency area of Visakhapatnam district, chief minister Chandrababu Naidu on Tuesday said the mineral should be utilised to better the lives of lakhs of underprivileged people and propel growth of the residuary...
Bauxite mining in Visakhapatnam mired in controversies
Bauxite mining issue in the dense hilly terrains of Visakhapatnam has witnessed several twists and turns ever since the powers-that-be allowed a Dubai-based company to make an aerial survey of bauxite blocks in the region in 2001. Each time the move had triggered a ruckus those in power have...
Fiji government approves bauxite mining lease among five other projects
Five mining leases have been approved by the Fiji government. Director of Mineral Resources Malakai Finau says out of the five, only two are currently operating at the moment and that is the Bua bauxite mine and the Vatukoula Gold mine. More than 1 million tonnes of bauxite have been exported so...
Vedanta to cut costs by 25% amid global slump
Vedanta Resources Plc, India’s biggest producer of aluminium, copper and zinc, plans to cut costs by as much as 25% as it battles a global slump that sank industrial metal prices to a six-year low, chairman Anil Agarwal said. The London-listed mining firm will “tighten” capital spending and “do...
Andhra Pradesh CM indicates bauxite mining decision still open
Chief Minister of Andhra Pradesh, Chandrababu Naidu on Thursday assured a Left party delegation here that tribal people would be consulted before a final decision was taken on bauxite mining in the Agency areas of Visakhapatnam. He told the political leaders that the decision would depend on the...
Altech Chemicals receives financing interest for high-purity alumina
Altech Chemicals has attracted interest in its high-purity alumina (HPA) project from a major German bank experienced with similar investments in the Asia-Pacific region. Altech’s HPA operation encompasses mining properties 130 kilometres from Fremantle port in Western Australia and a proposed...
Uncertainty hovers around alumina refinery projects in AP
Uncertainty hovering around the State government’s stand on bauxite mining for a decade or so are sending wrong signals to the efforts to showcase Andhra Pradesh as an investment destination, say investors. The State signed a Memorandum of Understanding (MoU) with Jindal South West Aluminium...
Government agrees on temporary suspension of bauxite exports from Pahang
The federal government in Malaysia has agreed to a suggestion to temporarily suspend the export of bauxite from Pahang until proper regulations are in place to keep the industry in check. Natural Resources and Environment Minister Datuk Wan Junaidi Tuanku Jaafar said he is agreeable to the...
Emirates Global Aluminium sees Guinea feasibility study ready by Q1 2016
Emirates Global Aluminium (EGA) expects to complete a feasibility study for its bauxite mine and alumina refinery project in Guinea by the first quarter of next year, its chief executive said on Sunday, November 15. "We are already in, we just need (to know) how much we are going to budget, how...
India can become engine of global economic growth, says Vedanta Chairman
Pinning hopes on the Narendra Modi government for policy reforms to attract investment, mining baron Anil Agarwal on Friday said India has the potential to become the "engine of global economic growth". "As the world is changing, the Indian government... should move towards faster decision-making,...
Ma’aden aspiring to be world’s largest integrated aluminum industry in 5 years
Eastern Province Emir Prince Saud Bin Naif inaugurated the Arab International Aluminum Conference (ARABAL) at Dhahran Exhibition Center in Dammam Sunday in the presence of Petroleum and Mineral Resources Minister Ali Al-Naimi, CEO of Ma’aden Khaled Bin Saleh Al-Mudaifer, leading businessmen, top...
Bauxite mining crucial for the State: AP Govt readies to convince the locals
Bauxite mining in Andhra Pradesh Vishakha Agency area remains a jinxed issue as tribals continue with their protests against State government’s initiative to unlock the state’s mineral development potential. However, N Chandrababu Naidu’s government seems to be doubly determined on this issue and...
Andhra Pradesh Cabinet to take final call on bauxite mining
Despite a Government Order having been issued for resumption of bauxite mining in forest land in Visakhapatnam district, a final decision on it will be taken at an Andhra Pradesh Cabinet meeting next week, state Minister Ganta Srinivasa Rao today said. "Though GO 97 (for resumption of bauxite...
Metro Mining’s Bauxite Hills Project aims to meet growing global demand for bauxite, particularly in China
Metro Mining's Bauxite Hills Project is located 5km south-east of the port at Skardon River and 95km north of Weipa in Western Cape Rock, North Queensland, Australia. The project is proposed to be developed with an estimated investment of A$33.9m (approximately $24m). The pre-feasibility study...
