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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Iran plans to invest $15 billion to develop the country’s mining sector
Iran focuses on the country’s mining sector during the sixth five-year economic development plan (2015-2020) with plans of investing $15 billion to develop projects and increase production capacity of aluminium, steel and copper. The development plan aims to increase the output of aluminium to...
Canyon Resources has drill rig turning at Cameroon bauxite project
Canyon Resources has moved a drill rig on to its bauxite project in Cameroon to follow up promise from earlier drilling that saw grades of bauxite encountered as high as 50% Al2O3 and low silica. Drilling will test 15 newly defined targets over the Mandoum and Birsok permits before the onset of the...
Oman plans to increase mining royalties from July 1, 2015
The Public Authority for Mining in Oman, a body under the Ministry of Commerce and Industry, has declared a rise in royalty rates from 5 to 10 percent which will be implemented from July 1, 2015. Companies and establishments in the mining sector are being urged by the Authority to "to settle all...
High demand spurs expansion in Compagnie des Bauxites de Guinée
Compagnie des Bauxites de Guinée (CBG), a bauxite miner in Guinea is planning an expansion worth $1 billion to meet the growing demands and increase its production to 23.5 million tons per year by 2018, announced the director general of the firm on Friday. Halco Mining consortium, controlled by...
ALPART brings hope for job opportunities in bauxite industry at St Elizabeth, Jamaica
Expectations are high in Junction, St Elizabeth, as stakeholders are of the view that the impending reopening of the Alumina Partners of Jamaica (ALPART) bauxite processing plant, and new opportunities in the agriculture and business process outsourcing (BPO) sectors should churn out numerous jobs...
Australian Bauxite Ltd discovers high grade bauxite at New Portside Production Centre
Australian Bauxite Limited has started its first bauxite mine in Tasmania and holds the core of the Eastern Australian Bauxite Province. ABx's 37 bauxite tenements in Queensland, New South Wales & Tasmania exceed 5,000 km2 and were selected for good quality bauxite, good infrastructure as they are...
Study shows around £360 million of metals could be mined from just four landfill sites
A study undertaken by Cranfield University has found there are huge deposits of valuable metals in landfill sites. Scientists analysed samples from up to 30 metres deep from four different landfill sites. After removing large objects, the samples were analysed for the content of rare earth metals...
Odisha proposes bauxite mines lease for L&T
Ending years of uncertainty, the Odisha government has recommended to the Centre for allotment of two bauxite deposits, Kutrumali and Sijimali in south Odisha, to engineering & construction giant Larsen & Toubro (L&T). L&T held the prospecting licence (PL) for these deposits for last two decades....
Aurum Exploration Fiji targets to plant 50,000 pine trees this year
The Aurum Exploration Fiji Limited has targeted to plant 50,000 pine trees this year as part of the rehabilitation works after the completion of the Nawailevu Bauxite Mining site in Bua. Managing Director, Sireli Dagaga said they only have 5,000 pine trees to cover the mine area before they move...
BHP Billiton's South32 spin-off tipped for success despite commodities downturn
Mining spin-off South32 has received a positive response from institutional investors just weeks after the company was de-merged from its parent BHP Billiton. Brokers Jefferies and Deutsche Bank have slapped glowing recommendations on the company, which has a market value of around $10bn (£6bn)....
Disputes over bauxite export permission
A Concern Rennell landowner has called on Prime Minister Manasseh Sogavare to remove Members of Parliament and senior government officers who have given the nod to PT Mega Bingtang Borneo Ltd to export the stockpile of bauxite out of country. The landowner who declined to have his identity revealed...
Delhi HC asks govt to consider Balco’s coal mine plea
The Delhi High Court on Monday asked the government to treat Bharat Aluminium Company’s (Balco) petition as its representation to it and decide whether it was to be “chosen as the succesful bidder” for a Chhattisgarh coal block within a month. Balco, a Vedanta Group firm, had challenged the...
Indian states to start auction of 200 mines next month
Beginning next month, eight mineral-rich states will start the e-auction of 200 mines with iron ore, limestone and bauxite deposits. The states have been empowered by the centre to auction mines with these three mineral resources. These 200 mines are mainly concentrated in Rajasthan, Jharkhand,...
Jamaican Labour Party candidate urges changes in bauxite mining
Zavia Mayne, the Jamaica Labour Party's caretaker/candidate for South West St Ann, is pressing the Government to revisit bauxite mining operations in St Ann and other sections of Jamaica in light of the issues associated with the current practice of extracting the ore. "We support bauxite mining...
Bauxite Resources Limited community advisory group established for Bauxite Mining
A Bauxite Mining Community Advisory Group (BMCAG) has been established as an initiative of Bauxite Alumina Joint Ventures (BAJV) and Bauxite Resources Limited, to develop the Felicitas and Fortuna bauxite mining projects North of Wundowie. The Fortuna Project is 100 per cent owned by BRL, has...
Noranda clarifies they have not been mining in disputed Cockpit Country
After the uproar about supposed illegal mining in the Cockpit Country, a source in Noranda Jamaica Bauxite Partnership clarifies that they were not mining. However, they were drilling in the area to check feasibility of mining in future. Noranda has a Special Exclusive Prospecting License (SEPL)...
Queensland Bauxite drilling to expand Indicated Resource base
Queensland Bauxite has committing to a significant drilling program at its flagship South Johnstone project near Innisfail in Queensland and has encountered new bauxite in areas not explored before. The project has an overall massive exploration target area of between 193 million tonnes and 405...
Curbing the illegal mining of bauxite in Karnataka
As per section 23C of the Mines and Minerals (Development and Regulation) Act, 1957 state governments have been empowered to make rules for prevention of illegal mining and for purposes connected therewith. Therefore, matters relating to regulation and control of illegal mining, etc are all matters...
