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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UC RUSAL,the world's largest aluminium producer, is pleased to report on its senior management teams' recent official visit to the Republic of Sierra Leone, to explore new business development opportunities within the country. During the visit, the delegation discussed the possibility of the...
Ghana’s producer-price inflation rate fell for the first month in October as mining and quarrying costs decreased. Inflation eased to 16.8 percent from 19.6 percent a month earlier, Grace Bediako, head of the Ghana Statistical Service, told reporters in Accra, the capital, today. Prices fell 0.9...
Recently listed Aziana is making solid progress at the Manantenina Bauxite Project in Madagascar where seven teams are undergoing exploration, just four months since commencing its IPO. Early work from the Manantenina Bauxite Project, which includes over 3,000 samples from 459 test pits, has...
Aziana (ASX: AZK), a Madagascar-focused gold and bauxite explorer, has been admitted to the ASX this week following a successful initial public offer of up to 50 million shares at A$0.25 to raise up to $12.5 million. The company will have 93.6 million shares and 46.8 million options on issue when...
One of Malawi's touristic attractions earmarked as a world heritage centre is set to be explored for its bauxite and rare earth deposits. Malawi, looking for cash to finance its huge budget funded with local resources since several donors withdrew its aid, has granted a Japanese company to "conduct...
In the U.S., we recycle because we should. In West Africa, they recycle because they must. In a world where survival trumps going green, the pleasant mantra of reduce, reuse, recycle becomes more of a financial necessity. “Recycling is characteristic of the informal economy,” said Emily Osborn,...
The Mineral commodities produced included bauxite, cement, gold, and ilmenite. In 2010, bauxite production increased by 44% to 1.0 million metric tons (Mt) from 757,000 metric tons (t) in 2009. Netherlands-based Vimetco N.V. operated the country’s only bauxite mine. In December, the company decided...
Chongqing Bosai Minerals Group Co.,Ltd.will invest 1.2 billion dollars to build alumina project in Ghana,invest 0.5 billion dollars to build electrolytic aluminum project in Northern Europe and 0.1 billion dollars to expand Guyana aluminum ore available capacity. Ghana alumina project was invested...
The new Guinean government is set to transform the country's investment climate as it shakes up the civil service and the military, and brings in international advisors to develop radical new development plans. In the immediate future, Guinea's return to growth and export income will be driven by...
Chinese companies are to continue seeking bauxite projects among others overseas as the country has a significant supply deficit in these metals. Regarding iron ore, China accounts for 14.9% of global production but consumes over 40% of the world’s steel output. This differential is replicated in...
According to statistics released by the International Aluminum Institute, the global aluminum stocks in August increased 15,000 tonnes to reach 2.662 million tonnes from 2.647 million tonnes in July. In addition, the figures increased by 210,000 tonnes in comparison of 2.452 million tonnes in...
Bauxite or aluminium ore production in Guinea the world's top supplier rose 5.2% year-on-year during the first half of 2011 to 9.7Mt, according to a report released in the capital this week. Guinea's economy relies heavily on its mining sector, and its resource riches have drawn billions of dollars...
Former workers at RUSAL's alumina refinery in Guinea have blocked a railway line from the plant in a protest over back payments, a company source and a spokesman for the former workers told Reuters on Monday. It was the second time this month that the former workers blocked the railway line from...
The exploration of bauxite in Angola will depend on the discovery of reserves considered as economically useful. This was said on Saturday in Luanda by the chairperson of the investment and mining society “Bauxite Angola”, Bernardo Campos, under the workshop on “The Bauxite and Aluminium importance...
Aluminum Corp of China (Chinalco), the country's top aluminium producer,hopes to develop bauxite mines in Guinea, the world's top exporter of the raw material. Luo Jianchuan, a senior official at Chinalco and president of Chinalco's listed unit, Aluminum Corp of China Ltd (Chalco) discussed the...
Many international financial institutions continue to paint a positive outlook for Ghana’s economy, citing improved macro-stability, high commodity prices. The latest bullish assessment and positive outlook for the country’s economy comes from the report of Standard Batik, parent company of Stanbic...
Guinea has asked state-owned China Power Investment (CPI) to build a 340 MW coal-fired power plant in the electricity-starved west African state, its mines minister said. The project is part of ongoing negotiations between Guinea and CPI over the potential development of a bauxite mine in Boffa and...
Guinea's new mining code will curb corruption and make more money available for development, Prime Minister Mohamed Said Fofana has said. The code gives the government a free 15% share in mining companies and demands greater financial transparency. Guinea, despite being the world's main exporter of...
