Falling global prices of alumina and aluminium are likely to put pressure on Indian producers of primary aluminium, which have achieved nearly full capacity utilization, said Tapan Kumar Chand, chairman and managing director, National Aluminium Corporation (Nalco) while addressing shareholders at the company’s annual general meeting, reports Business Standard. He also said that domestic prices were linked […]
Indonesian mining ministry authorities have announced that they would enforce a total ban on the export of raw ore exports by 2022 to make miners process minerals in the country, says a report from Reuters. Based on a 2017 mining regulation, Indonesia is due to stop allowing the export of unprocessed ore starting Jan. 12, […]
Denmark-based FLSmidth will supply machinery and equipment for the 0.5 million tonnes peer annum extension of the world class refinery of Utkal Alumina International Limited (UAIL) in Odisha. Utkal Alumna International is a wholly-owned subsidiary of Hindalco Industries, an industry leader in aluminium and copper. It is the metals flagship company of the Aditya Birla […]
Oil-dependent Saudi Arabia is planning an expansion in mining activity in its effort to attract private investment into the sector to further develop it as one of the main contributors to its economy. Mining grew by 6.3 percent year-on-year (y-o-y) in the first quarter of 2018, according to data issued by the Kingdom’s General Authority […]
Oil-dependent Saudi Arabia is planning an expansion in mining activity in a push to attract private investment into the sector to further develop it as one of the main contributors to its economy. Mining grew by 6.3 percent year-on-year (y-o-y) in the first quarter of 2018, according to data issued by the Kingdom’s General Authority […]
India’s biggest non-ferrous metal companies have sounded a warning on the country joining the 10-member Regional Comprehensive Economic Partnership (RCEP) on fears of another blow to their business after their experience of the India-ASEAN free trade agreement, the Economic Times newspaper reported. These companies — Hindalco, Vedanta, Hindustan Zinc, Hindustan Copper and Nalco — with […]
Global bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India ramps up production and existing projects in Guinea drive growth, Fitch Solutions Macro Research said in its latest report. According to Fitch, Australia, the world’s top producer of the orange metal, will maintain […]
After staying stagnant or witnessing a downtrend since 2012-13, the value of major minerals produced in the country registered a sharp rise of 28 per cent to Rs 607.30 billion in FY18. According to data collated by the ministry of mines, total value of all minerals was estimated at Rs 1,135.41 billion in FY18, 13.26 […]
After years of struggle to secure raw material for its Lanjigarh alumina refinery, Vedanta Resources has finally clinched a deal with state-owned Odisha Mining Corporation (OMC) for the supply of bauxite to its beleaguered plant. As a result of this deal, Vedanta will receive 0.8 million tonnes of bauxite from the OMC in the current financial year at a price estimated to be Rs 700 to Rs 800 […]
Mining major Rio Tinto said it shipped 80.3 million tonnes of iron ore from its Pilbara mines in the first quarter of 2018, up five per cent from the same period last year. The company said productivity improvements and fewer weather disruptions helped increase shipments. “We delivered a solid operational performance across most commodities in […]
