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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NMDC and Nalco stocks look attractive after a year-long decline
After a sharp fall over the last one year, stocks of state-owned mining companies -NMDC and Nalco -look attractively valued for investors who prefer to buy companies with good dividend yields. Cash on the books of NMDC as on March 31, is almost half of its market cap, while in case of Nalco it is...
No immediate plans to shut down bauxite mining operations in Pahang
The Pahang government has no plans to immediately shut down bauxite mining operations here despite reports of the hazards to public health and environment. Menteri Besar Datuk Seri Adnan Yaakob said a shutdown order could not be issued as “issues like loss of income for landowners, mining workers,...
Global bauxite reserves stand at 28.1bnt as of January 2015
Global bauxite reserves were estimated to be 28.1 billion tonnes (bnt) as of January 2015. The production rose on the back of buoyant demand for aluminium in the global market place. In 2014, production of bauxite was 263 million tonnes (mt), down by 3.7 per cent from same period previous year. A...
First Bauxite receives NI 43-101 Compliant Technical Report for its Feasibility Study on Bonasika bauxite project
On behalf of the Board of Directors of First Bauxite Corporation, Alan Roughead, President and CEO announced that First Bauxite Corporation has received the NI 43-101 Compliant Technical Report with respect to its Feasibility Study to produce ceramic proppants from its Bonasika bauxite project. On...
Vinacomin wants environment fee on bauxite projects slashed
Vinacomin made the proposal at a meeting held in Quang Ninh Province last week to discuss new regulations on the environmental protection fee for mining activities though the ministry turned down such a proposal for several times in the past. The current environmental protection fee on bauxite...
Indigenous initiatives fill void left after Rio Tinto's exit from Nhulunbuy
Indigenous businesses in north-east Arnhem Land are finding opportunities in the void left by the loss of Rio Tinto's alumina refinery, which was once the largest employer in the town of Nhulunbuy. Rio Tinto closed the Gove alumina refinery last year. Since then, economic development has been a...
Construction starts on Mining Training Centre for the Yolgnu people
A new Mining Training Centre being developed for the Yolngu people of northeast Arnhem Land with $2.4 million in support from Rio Tinto will have the capacity to train up to 24 people at a time. Construction of the new Centre is set to start on the Dhupuma Plateau site, where accommodation and a...
Severe frost delays bauxite shipment from Tasmania's new mine
Operations in Bald Hill mine, Australian Bauxite's newest aluminium ore mine near Campbell Town, Tasmania are being hit badly by severe frosts that have been bringing temperatures below average over the last couple of months. Workers are facing difficulty coping with the unexpected ice. This has...
Global slump in bauxite demand leads to stockpile rise to 70,000 tonnes
In the face of declining demand for bauxite, worldwide, a total quantity of 70,000 tonnes of the ore valued at about $1.4 million is reported to have been stockpiled at the Aurum Exploration (Fiji) Ltd in Nawailevu, Bua. Mr Derek Qiu, executive Aurum Exploration said about half of the mining...
Bauxite miners' land title claims in Solomon Islands declared legal
The land title claims by two bauxite mining companies in Rennel and Bellona Province in Solomon Islands have been declared legal by the attorney general. Bintan Company Ltd and Asia Pacific Investment Development have been embroiled in complicated battles for land and mining rights which have...
US primary Aluminium output declines in May: USGS
US mines have produced 142,000 tons of primary aluminium in May this year, according to latest data from the U.S. Geological Survey (USGS). The average daily production was 4,570 tons in May, essentially the same as the daily production during the preceding month but 3% less than that in May 2014....
NALCO eyeing new oversees market to offset falling aluminium prices
With domestic and global market for metal witnessing sluggishness, National Aluminium Company Limited (NALCO), a Navaratna central public sector unit, is looking at exploring virgin markets for its products on foreign soil, besides attempting to increase its footprint in mining sector. “It is...
Nalco may include mining in its diversification plans
State-run National Aluminium Co is mulling over the idea of exploiting its core competence of mining to offset the fall in prices of aluminum. Nalco's new chairman and managing director, TK Chand, who met Odisha Chief Minister Naveen Patnaik on Monday, is also hoping that the company can soon mine...
Fiji miners to hunt their own power sources and refine locally
The Parliamentary Standing Committee on Natural Resources, Fiji says future large scale mining operations may have to provide their own power sources and conduct refining processes locally. Committee chairman Joeli Cawaki said this was one of the recommendations being considered after hearing...
Pahang Govt to issue mining licenses to contractors of Felda Bukit Goh
The Pahang government has been urged to issue bauxite mining licences to 32 contractors who have made deals with settlers of Felda Bukit Goh to carry out mining on their land. Bukit Goh Bauxite Coordinating Committee chairman Abd Wahid Abd Manaf held a closed-door meetiung with the bauxite...
Odisha to provide raw material to Vedanta Aluminium through OMC
Odisha Government will provide raw material to Vedanta Aluminium through Odisha Mining Corporation (OMC) to feed its refinery plant at Lanjigarh in Kalahandi district. This was informed by the Steel and Mines Minister Prafulla Mallick on Wednesday. The Minister said the government is taking steps...
South32 Worsley Alumina selects MAXAM as their solutions provider for Boddington Mine
As part of a global tender for services and products, MAXAM Civil Explosives’ has been selected for 3 years as Worsley’s explosives and solutions provider at the Boddington Bauxite Mine situated in the south-west region of Australia. The South32 Worsley Alumina asset consists of the bauxite mine...
SMB-WAP starts exporting bauxite from Guinea as sector expands
A Guinean-Chinese consortium, SMB-WAP, has started exporting bauxite from Guinea- the first new market entry in the West African country for 15 year, confirmed government sources. Guinea says it has the world's largest supplies of bauxite, but is ranked fourth in the export rankings. The government...
