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The political instability in the West African nation Guinea still pursued this week, though mining operations in the country continues unhampered and ports remained functional for shipment. However, the coup in Africa’s bauxite kingdom has stirred the price of aluminium to 13 years high at $3000 per tonne. The chief of the elite army that dethroned President Alpha Conde stated Guinea is a country with immense mineral potentially but the population still remains in poverty. The London headquartered data analytics and consulting company GlobalData, a gold standard data provider to the world's largest industries stated the global bauxite production to climb 406.7 million tonnes by 2025, growing at a CAGR of 2.2% during 2021-2025.
The coup in Guinea that by overthrowing President Alpha Conde in the previous week, the recent military takeovers in Chad and Mali, as well as an attempted coup in Niger, is adding fuel to complicate China's inroads into the semi-arid Sahel region and parts of West and Central Africa. The larger Sahel region is gaining agitation like the latest coup could stir to more political disquiet in the region, where China has been eyeing to stretch its multibillion-dollar trade and investment scheme, 'The Belt and Road Initiative'.
The Maliparbat bauxite mines in Koraput district of India’s eastern state Odisha gains public resistance with ethnics as well as the activists from across the whole district compounding their stake ahead of the public hearing for environment clearance on 22nd September by the Odisha State Pollution Control Board (OSPCB). On 10th September 2021, hundreds of people from three village councils (Panchayat) of Semiliguda block participated in a protest meeting called to resist renewed operations at Maliparbat mines.
On 15th September 2021, the deputy minister from Saudi Arabia’s Ministry of Industry and Mineral Resources achieved to persuade that the Kingdom’s germinating mining sector stands as a cinch for future rewards. The mining affairs minister, Khalid Al-Mudaifer, attended the MINExpo International 2021 in Las Vegas, where he discussed opportunities for investors, explorers, miners, and other stakeholders.
The army unit head of Guinea who lead the coup, solicited the mining companies to support the development of the nation’s economy, even though he assured the industry that production would be allowed to pursue unhampered following the political turmoil on 5th September. Colonel Mamady Doumbouya, the chief of the elite army that dethroned President Alpha Conde, said: “The country has undisputed mining potential, but the populations remain in poverty.”
To know more: https://www.alcircle.com/news/guinea-coup-leader-seeks-mining-companies-support-for-the-development-of-national-economy-70388
The primary source of aluminium production, bauxite gained its output by 1.2% in 2020, from the previous year to 371 million tonnes, as per the latest report by GlobalData. The London headquartered data analytics and consulting company GlobalData, a gold standard data provider to the world's largest industries stated that this growth was majorly braced by higher output from the second-largest producer of the world and leading exporter, Guinea with an estimated 25.1% surge.
To know more: https://www.alcircle.com/news/worldwide-bauxite-production-to-reach-406-7-million-tonnes-by-2025-globaldata-70373
National Aluminium Company Limited’s (NALCO) Panchpatmali bauxite mine has reportedly bagged the prestigious Pollution Control Excellence Award 2021 for effective and efficient pollution control measures and commendable environmental management practices. The award, conducted by the State Pollution Control Board, Odisha, was handed over to NALCO by Forest and Environment Minister Bikram Keshari Arukha.
To know more: https://www.alcircle.com/news/nalcos-panchpatmali-bauxite-mine-bags-prestigious-pollution-control-excellence-award-2021-70393
The West African nation Ghana, spanning the Gulf of Guinea and the Atlantic Ocean to the south has selected a wholly-owned Ghanaian company, Rocksure International as a strategic partner to develop a bauxite mine and alumina refinery in a bid to develop an industry out of its untapped aluminium ore reserves. The country’s capital Accra-based company, Rocksure International will hold a 70% stake in the project and the state-owned Ghana Integrated Aluminium Development Corp (GIADEC) will have the remaining 30% stake.
To know more: https://www.alcircle.com/news/ghana-inks-1-2-billion-agreement-with-rocksure-international-to-develop-bauxite-resources-70397
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