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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Nalco to engage transaction advisor for merchant mining
Aluminium major National Aluminium Company (Nalco) would soon appoint a transaction advisor to decide the modalities of its proposed foray into merchant mining. "We have decided to foray into merchant mining to tap the huge potential offered by a mineral rich state like Odisha. Nalco is gong to...
France’s Fives Group to invest in Iran’s aluminum industry
France’s Fives Group made an agreement with Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) on making joint venture for the construction of an anode production plant in Iran. Anode, which is made from calcined petroleum coke (CPC), is used in the process of...
Vedanta group's Balco inaugurates new coal mine
Bharat Aluminium Company Limited (Balco), a subsidiary of Vedanta Limited, inaugurated its Chotia coal mine on November 3, 2015. The mine was allocated to Balco in February this year after the company emerged as the highest bidder for it in the first phase of coal auction. Balco has projected three...
Negotiations underway amongst top Chinese companies for purchase of Alpart
According to the industry sources, negotiations are ongoing for purchase of Alpart alumina plant at Nain, St Elizabeth by leading Chinese metals company, Jiuquan Iron and Steel (Group) Company (JISCO) from Russian owners UC Rusal. The price of the 46-years old Alpart plant, established in 1969 is...
Andhra government to divert land for bauxite mining
The Government of Andhra Pradesh, India, has decided to divert 1,212 hectares in Chintapalli and Jerrila reserve forest in Narsipatnam division for bauxite mining. In a decision that could trigger agitations in the agency areas of Visakhapatnam, the State government has approved mining lease for...
ARABAL 2015 receives royal patronage
The CEO of the Saudi Arabian mining company "Ma’aden" Khalid bin Saleh Al-Mudaifer announced the patronage of His Royal Highness Prince Saud bin Nayef bin Abdul Aziz Al-Saud, the governor of the Eastern Province of the Arab International Aluminium Conference and Exhibition "ARABAL 2015", which will...
Metro Mining outlines its Bauxite Hills project operation plan
Metro Mining announecd feasibility study results of its Bauxite Hills project in Queensland. Based on the analysis, which indicated at a healthy production over a 25+ year life with modest costs and a tight payback period, the company valued the project at A$235 million. Definitive Feasibility...
Two huge bauxite deposits discovered in China's Guizhou
Guizhou provinces in China recently announced the discovery of two new bauxite deposits. Preliminary studies suggest, bauxite reserves at one deposit in Zheng'an County are 20.98 million tones (mt), while at another deposit in Wuchan County, bauxite reserves stand at 33.24 mt. Bauxite reserves in...
Kuantan MP seeks government intervention in bauxite export suspension issue
The federal government of Malaysia needs to step in and suspend all licenses issued to export bauxite from Pahang until it can implement regulations to deal with the allegedly rampant pollution caused by the industry, Kuantan MP Fuziah Salleh said today. The PKR lawmaker claimed that everything...
First Bauxite Corp announces Private Placement and rollover of existing debt
First Bauxite Corporation is pleased to announce a non-brokered private placement to Resource Capital Fund VI L.P. of an aggregate of US$15 million principal amount secured convertible notes bearing 8% interest and maturing August 1, 2017 to close in two tranches, the first of which closed today...
Bauxite mining in Bua continues, two more sites being explored
Bauxite mining in Fji's Bua province has not ended and other prospective sites are being explored for possible deposits. This was confirmed to members of the Parliament Standing Committee on Natural Resources by Department of Mineral Resources director Malakai Finau. Mr Finau said although the...
Altech Chemicals finalises Kaolin mining rights agreement with Dana
Altech Chemicals Limited announced that it has reached agreement with Dana Shipping and Trading S.A. to grant Dana the exclusive right to mine up to 10Mt of kaolin from the company's Meckering kaolin deposit. The Meckering Deposit covers approximately 184km2 in area and contains indicated and...
Bauxite Resources reports reduced mining activities in quarter ended Sept 30
Bauxite Resources Limited has recently announced its September 2015 quarterly report. During the quarter, exploration activities were significantly reduced while the dispute with Yankuang was under mediation. The result of that mediation was announced to the market on 21 October 2015. Bauxite...
GSI to assess bauxite deposits existing in Chhattisgarh’s Damchun block
The Geological Survey of India (GSI) will be making an assessment of bauxite ore deposits existing in Damchun block of Balrampur district in Chhattisgarh. Notably, Chhattisgarh accounted for 6.07 per cent of the total bauxite production in the country in 2013-14, as per the annual report of the...
Left-wing extremism halts India's hopes for bauxite project
India’s plans to develop the first bauxite reserves since the early 1980s has been threatened by a sudden rise in ultraleft-wing extremism opposing the project in the southern Indian province of Andhra Pradesh. Local government officials said armed ultraleft-wing extremists active across forested...
South32 lifts coal, alumina production
South32 has delivered modest lifts in first-quarter alumina and coal production, and says it’s progressing well with plans to strip further costs out of its business as the resources sector continues to grapple with downbeat operating conditions. The mining group (S32), which was spun off from BHP...
Bauxite Resources to reveal corporate transaction
Bauxite Resources has lifted the anticipation factor requesting a trading halt in relation to a proposed corporate transaction. The company requested the halt in trading of its shares until 23 October. Bauxite Resources is involved in bauxite exploration in the Darling Range which is the largest...
CMDC to offer bauxite deposit at Narmadapur, India
The Chhattisgarh Mineral Development Corporation (CMDC) has started looking for contractors for mining and marketing of bauxite deposit at Village Narmadapur village at Mainpat in Surguja district of Chhattisgarh. Notably, CMDC had been sanctioned mining lease for mineral bauxite in village...
