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This week the bauxite industry was in the news for a limited number of incidents. To begin with, Guinea Alumina Corporation, a wholly-owned subsidiary of Emirates Global Aluminium (EGA), announced on December 6, 2021 that it had awarded a critical mining contract to a Guinean firm, GPC, as the metallurgical-grade bauxite export company aspires to expand its contribution to the Republic of Guinea's economy. This was followed by the news of, Canyon Resources Limited, an Australian securities exchange-listed company, announced that it has attended four formal sessions with the Government of Cameroon to negotiate terms of the Mining Convention for the Minim Martap Bauxite Project in Cameroon's Adamoua Region through its wholly-owned Cameroon subsidiary Camalco Cameroon SA.
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On 6th December 2021, Guinea Alumina Corporation, the wholly-owned subsidiary of Emirates Global Aluminium (EGA) publicized that it has awarded a crucial mining contract to a Guinean firm GPC, as the metallurgical-grade bauxite export company aspires to expand its contribution to the economy of the Republic of Guinea. The contract accorded to Guinéenne de Prestation et de Construction (GPC Group) is presumed to be one of the largest ever to a fully-local mining contractor, which has a value of worth over $34 million over the next 16 months. Guinéenne de Prestation et de Construction expects to increase its staff by 57 persons to over 300 workers as a result of the contract.
To know more: https://www.alcircle.com/news/gpc-group-secures-significant-mining-contract-from-ega-s-gac-73060
The Australian securities exchange registered firm Canyon Resources Limited announced that, through its wholly-owned Cameroon subsidiary Camalco Cameroon SA, it has attended four formal sessions with the Government of Cameroon to negotiate terms of the Mining Convention for the Minim Martap Bauxite Project, located in the Adamoua Region of Cameroon. The sessions were attended in person by senior representatives of the Cameroon Government, senior executives from Camalco and Canyon and Camalco’s advisors.
Canyon Resources reportedly plans to release the bankable feasibility study for its Minim Martap bauxite project in January 2022, including improving rail production capacity and developing a superior port handling facility. Fresh modelling from West African rail engineering consultant Vecturis has said rail that traffic capacity of the project is better than previous anticipated, which will allow the production of Minim Martap bauxite to increase by more than 20 per cent from the original target.
China's aluminium sector, the world's largest, is growing increasingly reliant on foreign supply of the ore needed to produce the metal, highlighting the country's long-term reliance on imported raw materials. Alumina, an intermediate substance created from bauxite ore, is used to make the aluminium needed for aircraft, beverage cans, etc. According to state-owned researcher Beijing Antaike Information Development Co., 49 percent of this material will come from imported ore in China next year, up from 47 percent this year and roughly 30 percent in 2015. Imports of bauxite might reach 130 million tonnes in 2022, up from roughly 110 million tonnes this year.
To know more: https://www.alcircle.com/news/chinas-aluminium-industry-becomes-highly-reliant-on-foreign-supply-for-bauxite-73093
The leader in global aluminium production and also one of the largest companies in the UAE, Emirates Global Aluminium has inked a three-year agreement with China’s Bosai Minerals Group for the supply of bauxite from the West African nation, Guinea. The agreement states that EGA will supply Bosai Minerals Group with several million tonnes of bauxite each year, with the first shipment anticipated in January 2022. However, EGA has supplied Bosai Minerals Group with over one million tonnes of bauxite in 2021 under short-term agreements.
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The United States imported 881,000 tonnes of crude and dried bauxite in the third quarter of 2021 (ended September 30), which reflected a hike of 147,000 tonnes or 20.03 per cent quarter-on-quarter, found the latest date of the US Census Bureau. In the second quarter of the year, the United States imported 734,000 tonnes of crude and dried bauxite, which was also up from the previous quarter. On a year-on-year calculation, the United States’ crude and dried bauxite imports in Q3 2021 edged 11.66 per cent higher than 789,000 tonnes.
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