What happens when the world’s biggest bauxite supplier produces too much of the one commodity it dominates? Guinea’s bauxite market is offering a striking answer. Record exports have strengthened its position in global trade, but the surge in supply has also pushed prices lower. Australia,...
India’s aluminium recycling sector has matured significantly over the past decade. Secondary aluminium, produced by remelting and refining scrap, now accounts for a growing share of the country’s total aluminium consumption. Recycling aluminium requires up to 95 per cent less energy than smelting...
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The mining sector in Jamaica experienced an approximate 23.6 per cent growth during the final quarter of 2023. Crude bauxite production in the island nation experienced a notable decline of 27 per cent, leading to a decrease in the bauxite capacity utilization rate to 32.7 per cent, marking a drop...
During his State of the Nation address in Parliament on February 27, the President of Ghana, Nana Addo Dankwa Akufo-Addo, announced several initiatives to accelerate the nation's industrialisation agenda and ensure value for money. Among these measures, the government will establish a $450 million...
On February 26, 2024, workers in Guinea initiated a nationwide strike, causing closures of businesses and significant disruptions in the mining sector . Commencing an indefinite general strike marks a crucial challenge for the junta, which took control in 2021, instituting a ban on protests and...
Metso has secured an order for a single-stage semi-autogenous grinding (SAG) solution for a low-carbon aluminium industry project in China. Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for global aggregates, minerals processing and metals refining...
Guinea is poised to secure approximately $4 billion in funding from the United Arab Emirates this week. Under the junta ruling since 2021, the government has strategically engaged with development funds and investors in Dubai to support key sectors such as infrastructure, healthcare, and education....
Danaos, a Greek-owned company led by John Coustas and renowned for its container ship fleet, has extended its presence in the dry bulk sector by acquiring additional Capesize vessels. The company, which already operates seven such vessels, has purchased two more, built-in 2010 and 2011, for a total...
A report revealed on Tuesday, February 6, that Shanghai Ace Investment & Development Co., Ltd., a China-based company engaged in supply chain logistics and supply chain implementation of the trading business, mulls over signing bauxite purchase and sale contracts with Alcoa World Alumina LLC and...
In 2023, Chinalco Guinea's bauxite production and return volume reached a new high, leveraging the strategic deployment of overseas resources of Chinalco Group and Chinalco shares. As per the report, the company achieved 104.8 per cent of the annual target task, marking a new chapter in the...
The recent accident in Guinea with the fuel depot happened back in the middle of December, but the impact on bauxite deliveries to China has not yet come through. China recorded an increase in bauxite imports in January. The month saw about 12 million tonnes brought in, mainly from Guinea and...
On February 5, 2024, the Greece-based industrial conglomerate Mytilineos, focused on energy and metals, revealed that it secured a prospecting license from the Ghana Integrated Aluminium Development Corporation (GIADEC) to explore and extract bauxite deposits in the Ninayhin-Mpasaso region. The...
Societe Miniere de Boke (SMB), the leading bauxite producer and exporter in Guinea, announced plans to invest up to $1 billion over the next five years. On February 5, 2024, Frederic Bouzigues, the CEO of SMB, stated that the investment aims to enhance its river terminals and acquire vessels. This...
Where does China get its bauxite from? Ask most industry people; the answer will likely be Domestic, Guinea and Australia. Other sources, such as Malaysia, are tiny, and Indonesia has disappeared from the import data. But another country has started to appear in the industry. The China team did a...
Rio Tinto's Weipa operations bounced back in a big way in 2023. Despite a slow start to the year, the mining company managed to ship 35.12 million tonnes of bauxite from Weipa, an improvement from 34.52 million tonnes in 2022. The journey wasn't without its challenges, as weather and equipment...
On January 10, 2023, a senior government official stated that Saudi Arabia had initiated a $182 million incentive program for mineral exploration. This move is a part of the country's broader efforts to diversify its economy and reduce dependence on oil. The kingdom is actively pursuing the...
After a year of cautious deployment and comprehensive promotion, the Loufan Mine of the Shanxi Branch of Chinalco completed the acceptance examination and was chosen as one of Taiyuan's third batch of municipal green mining projects. Between November 10th and 11th, 2023, a team comprising 23...
In the heart of the Simandou Mountains in southeastern Guinea, a monumental $20bn mining project is poised to reshape the world's metal and mining industry landscape. After a protracted 27-year journey marred by coups, legal battles, and strategic shifts, Rio Tinto, the UK-listed mining giant, is...
Carmaker Truong Hai Group Corporation (THACO), one of the pioneers in the Vietnamese auto industry, has unveiled plans for a VND103 trillion (US$4.1 billion) circular economy complex dedicated to mining and processing bauxite in Lam Dong Province. Dubbed Lam Dong 2 Aluminum Complex, this innovative...
On December 18th, Aluminum Corporation of China (CHINALCO) disclosed its intention to collaboratively invest RMB 2 billion with its controlling shareholder, Chinalco Group, along with subsidiary entities such as China Copper and Chinalco Capital Holdings. The objective was to establish a new entity...
