Cement News tagged under: mining
Asia Cement Corp's Taroko mining rights repealed12 July 2019, Published under Cement NewsThe Taipei High Administrative Court has repealed Asia Cement Corp’s (ACC) right to operate a cement mine located in Taroko National Park, Taiwan. This decision upheld an appeal from Taroko residents and falls against a Ministry of Economic Affairs (MOEA) decision to grant a 20-year extension of mining rights until 2037. After the extension of mining rights was granted in November 2016, Taroko residents responded by filing a lawsuit against the MOEA and ACC. The court ruled for the reside... |
Caribbean Cement secures loan to pay US$ debt12 December 2018, Published under Cement NewsJamaica's Caribbean Cement Co Ltd and its mining subsidiary have secured a five-year JMD3bn (US$23.53m) loan from National Commercial Bank Jamaica to pay back a US dollar debt. The amount will be repaid in Jamaican dollars at a rate of 7.45 per cent per annum. The company also has stated that some of the funds will be used for general corporate purposes, according to The Gleaner. Its mining subsidiary, Jamaica Gypsum and Quarries Ltd, a borrowing partner of the loan, is also about to expan... |
Dangote Cement25 January 2018, Published under Cement NewsDangote Cement has been technically disqualified from applying for three limestone mine licences in an open bidding process, according to Nepal’s Department of Mines and Geology. The mines in question are located in Dhading, in Nepal’s Central Development Region, and Palpa, in the country’s Western Development Region. The Investment Board Nepal approved the application back in 2013 before passing it to the mining department. However, Dangote’s proposal reportedly lacked essential document... |
Penna Cement plans expansion Gudipadu limestone mining to raise cement output11 December 2017, Published under Cement NewsIndian cement producer Penna Cement is planning an expansion of the Gudipadu limestone mining project at the Gudipadu and Kundanakota, Anantapur district, Andhra Pradesh. The project will see mining operations increase from 2.3Mta to 5.3Mta and is currently awaiting environmental clearance.The estimated cost of the project is INR50m (US$ 777,276) and the mining lease area is 392.63ha. Estimated mineable reserves are 88.403Mt, which will be mined in fully mechanised opencast operations ... |
Fujian Cement to buy limestone mining rights04 December 2017, Published under Cement NewsChina-based Fujian Cement plans to buy mining rights of a 0.2Mta limestone mine and a 0.03Mta cement siliceous material ore mine from Shunchang Lugunshan Limestone Mine and Shunchang Wuli Ting, respectively. The transaction amount is CNY52.9m (US$8m) with an actual payment of CNY32.8m, according to Reuters. The limestone mine is understood to cover an area of 0.3605km2 with rights valid until 2032. The deposit holds 3.645Mt of reserves. The other mine, with reserves of 0.692Mt covers an ar... |
Zambia: three companies awarded Nyimba limestone mining rights07 March 2017, Published under Cement NewsThree companies have been awarded prospecting rights for limestone mining in Nyimba District, Eastern province, Zambia. GTJ Ltd working with the Zambia Consolidated Mines Investment Holding (ZCCM-IH), Vikram Investment and Zawari Natural Resources Ltd are the entities that have been given the rights. Ministry of Mines Permanent Secretary, Paul Chanda, said, "Government has given three companies prospecting rights for limestone in Nyimba District. Of the three companies, GJT Ltd has mad... |
India: Lafarge Surma mine to expand production01 December 2016, Published under Cement NewsBangladeshi cement manufacturer Lafarge Surma Cement (LafargeHolcim Group) has received environmental clearance from the Indian government for its mining company to more than double its limestone production capacity to 5.5Mta. Lafarge Umiam Mining, a fully-owned subsidiary of Lafarge Surma based in Meghalaya on the Bangladesh border, currently has clearance to produce and transport 2.2Mta of limestone to Surma’s manufacturing plant in Bangladesh. The Ngntrai mine was set up as per an a... |
Best practice in karst mining31 August 2016, Published under Cement NewsThe high biodiversity and ecological sensitivity of karst areas presents additional challenges in terms of sustainable mining practices to cement producers as they mine for the limestone required by their production process. In a partnership with key domestic environmental conservationists, Brazil’s Votorantim Cimentos has published a guide on best practices in limestone mining in these highly-vulnerable environments. By Patricia Montenegro, Votorantim Cimentos, Brazil. The karst envi... |
India Cements to develop Coromandel limestone26 August 2016, Published under Cement NewsIndia Cements has proposed the development of the Coromandel limestone mine in Chilamkur and Kalamalla, Mandal Yerraguntla, Andhra Pradesh. The project represents an investment of INR1650m (US$24.6m), including the cost of the land. The 413ha site would yield around 3Mta of limestone, which the company would use for captive consumption at a new 2Mta greenfield clinker plant, located next to an existing plant at Chilamkur. The limestone will be excavated by conventional opencast mechanised... |
India: reason for optimism?17 August 2016, Published under Cement NewsThe first quarter of 2016 provided some basis for optimism for India’s cement producers as the sector reported double-digit expansion. However, in the months ahead, the monsoon season and the perennial overcapacity of the industry continue to haunt profitability. The amendment of The Mines and Minerals (Development and Regulation) Act is expected to facilitate M&A in the cement sector The first quarter of 2016 has seen India’s cement industry make a positive start to the year... |