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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Queensland Bauxite aims for early mining at South Johnstone project
Queensland Bauxite is progressing its plans for its South Johnstone DSO Bauxite Project in northern Queensland to begin production of bauxite later this year. The recently completed drilling program is waiting on drill results to upgrade the current quantity of Indicated Resource and define a...
Metro Mining raises $5.6m with mining operations in sight
Metro Mining Ltd has announced a Capital Raising of $5.6M, comprising a fully underwritten Shareholder Rights issue aimed at raising $3.6 million, which follows a successful Placement which has raised $2M. Argonaut and GMP Securities acted as joint lead managers to the Capital Raising. As a result...
Malaysian state revokes bauxite mining licences over pollution concerns
A state in eastern peninsular Malaysia said it has revoked the mineral ore licences (MOL) of 34 contractors to curb rampant bauxite mining in the area, due to concerns over rising pollution from the activity. Only 11 operators with permission to mine, transport and export the mineral would now be...
Metro Mining in halt to announce fundraising initiatives
Metro Mining is developing its Bauxite Hills Project at Cape York, Queensland, that could start direct shipping ore production by the end of 2016. The company is now in an ASX trading halt in connection with its fundraising initiatives. This will last until the earlier of the announcement being...
Nalco may soon get composite licence over Pottangi mines
The decks are slowly clearing for navratna firm National Aluminium Company (Nalco) to obtain a composite licence (prospecting licence cum mining lease) over Pottangi bauxite deposits. "Nalco's case for a composite licence over Pottangi mines is now under scrutiny at the highest level. The state...
Odisha Mining Corporation to apply for bauxite reserve
The state government has asked the state PSU Odisha Mining Corporation (OMC) to apply for prospecting licence of Sasubohumali bauxite reserve. The mine in Rayagada district has an estimated reserve of 81 million tonne bauxite. "Since the new Mines and Minerals Development and Regulation Act, 2015,...
Altech commences permitting for Meckering
Altech Chemicals Limited is pleased to announce that it has submitted a project application with the Western Australian Department of Environment Regulation (DER) as part of the permitting requirements for its proposed aluminous clay (kaolin) mine and associated beneficiation plant, at Meckering,...
Guinea eyes exporting 40 mln tons of bauxite by 2024
Guinea plans to increase its bauxite export from the current 17 million tons to 40 million tons per year by the year 2024, the country's Mines and Geology Minister Kerfalla Yansane said Wednesday. In this regard, the Guinean government and several mining companies operating in the country recently...
South32 shares take a beating as commodity prices drop
Shares in South32, the diversified miner spun out of BHP Billiton, have dropped 17.3% in the past six weeks as the prices of its key commodities have weakened. The shares were trading at R16.74 on Wednesday compared with their close of R20.24 on the first day that South32 became a separate entity....
Guyana Ministry of Governance Team visits bauxite mines at region 10
Minister of Governance Raphael Trotman, accompanied by Audwin Rutherford, MP. Region 10 and a team made up of senior representatives of the Guyana Geology & Mines Commission (GGMC), the Guyana Forestry Commission (GFC), the Ministry of Social Protection and the Assistant Regional Executive Officer,...
Weather affects bauxite shipment in Fiji
Xinfa Aurum Exploration Fiji has already made two shipments of bauxite this year. It is expected to make a total of 10 shipments this year. Company managing director Derek Qiu said the number of shipment per year mainly depends on the weather conditions. “We don’t mine on wet weather conditions but...
Centre hikes bauxite output limit of only non-captive mine in Odisha
The Union Ministry of Environment, Forest and Climate Change has granted environmental clearances to KJST bauxite and iron ore mines situated in Koira mining circle of Sundergarh district to enhance mineral output. "I have got approval for extracting iron ore upto 2 million tonne, up from existing...
Mubadala in joint venture with Trafigura to operate Spanish mines
Mubadala Development has bought a 50 per cent stake in a base metals mining interest held by the global trading house Trafigura as part of plans to expand its mining footprint. The Abu Dhabi investment fund will form a 50-50 joint venture with Trafigura to operate Minas de Aguas Tenidas (Matsa),...
Aziana Limited to bag US$2M from sale of bauxite project
Aziana Limited is close to bagging US$2 million (A$2.6 million) from the sale of its wholly-owned bauxite project in Madagascar. Aziana has granted the prospective buyer a one month extension. A team led by the prospective buyer is presently onsite and working towards the completion of the due...
South32 shares in red territory
BHP Billiton spinoff company South32 closed at R17.24 on Friday, dropping by 2.49%, down 10.3% on the week, and about 14.82% since it listed on the JSE over a month ago. Currently sitting a R17.20 per share, Troy Brady from NOAH Capital Markets says South32 has simply become a victim of the general...
GAC, Government of Guinea sign four agreements on infrastructure development projects in the region of Boke
Guinea Alumina Corporation SA, a mining development company wholly owned by Emirates Global Aluminum PJSC, signed a series of four agreements in Paris, France, with the Government of the Republic of Guinea - the latter represented by the Ministry of Mines and Geology and the National Agency for...
8 more coal blocks lined up for auctions: Coal Secretary
The Centre is ready to put up eight more coal blocks for auction after it concludes the third bidding round in August, said Coal Secretary Anil Swarup. Addressing a conference on Metals and Minerals organised by the Indian Chambers of Commerce here on Wednesday, Swarup said, “We have identified...
Jamalco to spend US$500m on coal-fired plant
The Jamalco bauxite mining and alumina refinery will spend roughly US$500 million to build its coal-fired plant as a means to offset its high energy costs, stated Government. The plans were long discussed but it's the first time the authorities have released estimates on the cost. "The mining and...
