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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Mining lease application (MLA) lodged for Urqu hart Bauxite Project
Metallica Minerals Limited and its Joint Venture partner, Ozore Resources Pty. Ltd. announces that the Mining Lease Application (“MLA”) for the Urqu hart Bauxite Project has been lodged with the Queensland Department of Mines and Natural Resources. The MLA 100044 comprising 1,378 hectares covers...
Australia replaces Malaysia to become China’s top bauxite supplier in May
The market forecasts seem to be taking a real shape as Australia replaced Malaysia as the top supplier of bauxite to china in the month of May after falling behind from April. China being the largest aluminium producer in the world and not having any notable indigenous source for bauxite, imports a...
Delhi to host 4th India Minerals and Metals Forum 2015
National capital New Delhi will host the 4th India Minerals and Metals Forum 2015 - Ferrous and Non Ferrous" on Wednesday. The event to be held at Hotel Le Meridien, will be inaugurated by Union Minister of Steel and Mines Narendra Singh Tomar. With the Indian economy expected to grow by over seven...
Bauxite Reserves grow in China Guizhou and prices rise due to rains
Bauxite reserves in China’s Guizhou province grew for four years running, according to the Guizhou Land & Resources Department. Bauxite reserve base in the province hit 133 million tonnes as of the end of 2014, up 1 million tonnes from 2013. The number of small bauxite mines in Guizhou has...
Govt of India transfers ECs of 19 coal blocks from the recently allocated coal mines
The Centre has so far transferred the environment clearance (EC) of 19 coal blocks out of approved 29 mines from the earlier allottees to the new successful bidders including JSW Steel , GMR Chhattisgarh Energy, Jaypee Cement and Ambuja Cements among others. In a bid to expedite operations from the...
Russia promises to help Jamaica restore mined-out bauxite lands
The Government of Russia has pledged assistance to Jamaica with restoring mined-out bauxite lands to full agricultural productivity. Mining minister Phillip Paulwell says the European country has pledged the latest in Russian technology. Russia’s agriculture minister has reportedly expressed hope...
Green nod for bauxite mining near marine park in Gujarat
The Union Ministry of Environment, Forest & Climate Change has recently given its nod to two Bauxite mining projects, located in close proximity to the Marine National Park and a wildlife sanctuary in Jamnagar. The first environment clearance has been given to New Delh-based M/s Orient Abrasives...
First Bauxite Corp. plans $200 million bauxite plant in St. John Parish
First Bauxite Corp. of Canada plans to invest $200 million to develop a proposed bauxite processing plant on the Mississippi River in St. John the Baptist Parish. State and corporate officials said that the project would create 100 direct jobs, ranging from entry-level to skilled trade and...
Queensland Bauxite fast tracks resource drilling at South Johnstone Bauxite Project
Queensland Bauxite Limited provides an update on drilling and corporate activities at its flagship South Johnstone Bauxite Project in northern Queensland. · Two drilling programs underway to fast track project development · Additional drill samples sent to ALS Laboratory for assaying · Current...
Indonesia seeks legal route for bauxite miners to resume exports
Indonesia's government is discussing legal avenues to allow a resumption of bauxite exports to help kickstart stalled smelter projects, top officials said, as Southeast Asia's largest economy tries to promote infrastructure development. Indonesia imposed restrictions on exports of unprocessed metal...
Odisha Govt backs L&T for bauxite mining lease in Rayagada
With Larsen & Toubro (L&T) agreeing to set up a three million tonne aluminum refinery in two phases of 1.5 million tonne each at Rayagada, the Odisha government today recommended to the Centre the grant of Mining Lease (ML) for Sijurumali and Kuturumali bauxite mines to the company putting an end...
Emerging markets fund Lambasa backs Ashapura Minechem's acquisition of Orient Abrasives
Mumbai-based mineral producer and exporter Ashapura Minechem Ltd has joined hands with emerging markets-focused private investment firm Lambasa Global to jointly acquire Orient Abrasives Ltd from the promoters for about INR 90 crore (approximately $14 million), according to a stock market...
US$10 Million bridge facility with Pala investments to advance the Bel Air Bauxite Project
Alufer Mining Limited, the bauxite exploration and development company with a portfolio of assets in the Republic of Guinea, West Africa, is pleased to announce that it has closed a US$10 million senior secured Bridge Facility (the "Facility") with Pala Investments Limited ("Pala"), which will fund...
Metro Mining on fast track to bauxite production, increase in reserves
Metro Mining is on a roll after announcing a 398% increase in its ore reserve at the Bauxite Hills Project from 12.1 million tonnes to 48.2 million tonnes, enough for a 27 year mine life. However, even better news, the project at Cape York in Queensland could be in construction mode in second...
Queensland Bauxite identifies new regional areas of bauxite mineralisation
Queensland Bauxite’s recently concluded regional drilling program at the South Johnstone Bauxite Project in northern Queensland has identified 19 additional regional areas of mineralisation. The company is now carrying out infill drilling of the currently identified bauxite areas to report quality,...
NALCO plans 3.5 lakh tonne aluminium output this fiscal
State run aluminium major, the National Aluminium Company Ltd (NALCO) has set a target to produce 3.5 lakh tonne of aluminium in the current financial year as per the MoU signed with the Ministry of Mines. The navaratna firm also aims to produce 21.50 lakh of alumina during the reporting period....
Indian government to resume auction of coal
The Indian Government announced recently that the auction of coal blocks would resume soon where 10 mines with an annual production of 13.14 million tons would be put up for auction to cement, steel and aluminium companies along with captive power plants. The auction conducted by the Ministry of...
Odisha to push OMC's case for mining lease over Karlapat
The state government would move the Union ministry of mines to recommend grant of mining lease (ML) over Karlapat bauxite mines in favour of Odisha Mining Corporation (OMC). The Centre, in March this year, had decided to allocate the Karlapat deposits to the state run miner following a request from...
