If aluminium has a pressure point right now, it sits one step upstream of the metal itself - in alumina. China’s appetite for imported ore remains elevated, alumina markets diverge between regions, and disruptions in Guinea and Australia expose logistics risks. At the same time, tariffs and...
Alcoa’s proposed acquisition of South32’s aluminium assets in Australia, Brazil and South Africa is an important development for the global aluminium industry, particularly for South Africa’s primary aluminium production. Aluminium Federation of South Africa (AFSA) CEO, Muzi Manzi, said, “On July...
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Alecto Minerals’ (LON:ALO) acquisition of bauxite licence 223 in Guinea could quickly transform the company into a producer, broker Fox-Davies said today. Analyst Peter Rose said the area could potentially host a bauxite resource of over 500 million tonnes and is contiguous to the 3.1 million tonne...
Alecto Minerals (LON:ALO) shares shot up as much as 20 per cent today as it landed an option deal to acquire a new project in Guinea. It can buy a 51 per cent stake in a company called Forward Africa Resources (FAR), which owns a 711 square kilometre bauxite licence in the highly prospective south...
China Henan International Cooperation Group Co Ltd will spend $3 billion to build an alumina refinery in Sangaredi, Guinea, within four years, said Ousmane Kaba, an adviser to the African nation, on Tuesday. Annual production capacity at the site, 350 kilometers northwest of the Guinean capital,...
Alecto Minerals plc, the AIM listed exploration and development company with gold and base metal projects in Ethiopia and Mauritania, is delighted to announce that it has entered into an option agreement (‘the Agreement') relating to the staged acquisition of Forward Africa Resources (‘FAR'), which...
Total world aluminum output fell 2.2% on-month in January following a decline in production in Africa, North America and West Europe, the International Aluminium Institute said Monday. Primary aluminum production dropped to 2.140 million metric tons from a revised 2.189 million tons in December,...
Guinea's bauxite and alumina output rose in 2011, although work stoppages and softening world demand prevented a larger increase in production, the West African state's government said on Monday. Bauxite production rose more than 9 percent to more than 17.5 million tonnes, while alumina output rose...
BHP Billiton has shelved plans to build an aluminium smelter that would have underpinned a hydropower plant known as Inga III in the Democratic Republic of Congo. “Following a review of the project’s economics, BHP Billiton has decided not to continue with its smelter project in the DRC, which was...
BAUXITE – Bauxite Miners’ senior lineman Matt Steele signed with the Southern Arkansas University Muleriders out of Magnolia, Ark., on Wednesday morning in the Bauxite High School auditorium. “I think it’s awesome,” Bauxite Coach Shane Clancy said. “It’s something he’s talked about doing since the...
Aziana (ASX: AZK) has now defined high quality stratiform bauxite over a 13.4 square kilometre area of its Soavary licence at its Manantenina Bauxite Project in Madagascar. Importantly, the company is on track to complete a maiden JORC Resource in the second half of 2012. Widespread sampling has...
APART from being an employment provider for most people in the Northern Division, the bauxite mine in Bua also generated farming ideas for villagers. The villagers of Nawailevu and nearby villages have embarked on vegetable farming not only for their own use but for commercial purposes as well. Bua...
Bauxite production in Guinea, the world’s biggest exporter of the ore, rose 5.7 percent to 14.3 million metric tons in the year through October, according to the country’s Finance Ministry. Cocoa also climbed. Output of alumina increased to 509,410 tons compared with 483,450 tons in the same period...
Guinea will review mining contracts and cut the size of the armed forces during 2012, President Alpha Conde said in a speech outlining his priorities for his second year in office. The moves are aimed at boosting the West African state's economy and cementing its fragile stability, but if done...
All is not looking good for RUSAL, a Russian firm that acquired the multi million naira Aluminium Smelter Company (ALSCON) in Ikot Abasi, Akwa Ibom State. The company appears to be in a fix over mounting challenges and unresolved issues relating to its acquisition of Nigeria ’s only smelter plant....
Workers at Compagnie des Bauxites de Guinee, which is owned by Rio Tinto Plc (RIO), Alcoa Inc. (AA) and the West African nation’s government, halted a two-day strike to hold wage talks, said union leader Sekou Oumar Ly Diallo. The protest, which has workers calling for a 50 percent pay rise, was...
Aziana, a gold and bauxite focused explorer, has performed well in its first month as a public listed company on the ASX. Shares have traded as high as $0.25, with the stock most recently changing hands at $0.22, which is only a couple of cents shy of the $0.25 entry price - where 50 million shares...
The origins of Aluminium Africa Limited (ALAF) dates back to 1960s. It's history reflects the five decades of existence since independence from Britain in 1961. For over 50 years, ALAF has seen through the union of Tanganyika and Zanzibar which led to formation of United Republic of Tanzania,...
Maoists warned the governments in the state and the Centre against going ahead with bauxite mining in the Agency area and said they would fight to protect the interests of the tribals. The rebels held a meeting in GK Veedhi-Koyyuru border as part of their 11th PLGA annual weekly celebrations here...
Ghana is making a strategy to deal with illegal mining and logging which poses a grave environmental, health and security risk to the country, Minister of Lands and Natural Resources Mike Allen Hammah said here on Wednesday. Speaking at a workshop to develop a framework for artisanal and...
