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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Development experts say Guinea's new mining code may be its best chance to ensure the world's largest supplier of aluminum ore gets a fair share of the profits. The question: will the new law be enforced? Last week, the most mineral rich country this side of the Congo signed into action 106 pages...
Underperformance in the bauxite sector, which saw shipments drop by 42 percent, translating into a 41 percent fall in revenues, clouded an otherwise rosy outlook. The chamber linked this to "serious challenges" the Ghana Bauxite Company faced in transporting ore from its mine site to the port, some...
Guinea is in advanced talks with state-owned China Power Investment to build an alumina refinery, deep water port and a power plant in the West African state, Guinean government sources said. One source, who asked not to be named, said the project, which is in Boffa, some 120 km (75 miles) west of...
Guinea, the world’s biggest exporter of bauxite, said a 5 percent increase in production of the metal, as well as a rise in output of other commodities, helped the West African nation post a first-half budget surplus. Bauxite production rose to 8.2 million metric tons from 7.8 million tons.The...
The controversy over the 2004 sale of the Aluminum Smelting Company of Nigeria, ALSCON, Ikot Abasi, Akwa Ibom State, resonated yesterday as the original Preferred Bidder in the privatisation process, BFIGroup of America insisted that BPE fraudulently sold the company to RUSAL against its own rules.
While the High Court has ordered Eskom to release the details of its pricing agreement with BHP Billiton's Hillside and Mozal smelters, which consume an estimated 5.7% of the South African utility's total supply, the ruling might be opposed by BHP Billiton. BHP Billiton, which is reportedly...
Nana Akufo-Addo, Presidential Candidate of the New Patriotic Party (NPP), has promised to ensure the mining of the huge bauxite deposits at Nyinahin, if given the mandate to lead the nation. Nana Akufo-Addo, who is touring the Atwima-Mponua Constituency, as part of his countrywide listening...
Hulamin Ltd. (HLM), Africa’s biggest producer of fabricated aluminum products, appointed Jeff Watson, a former Alcoa Inc. (AA) employee, as international director and Brand Pretorius, the former head of Reunert Ltd. (RLO), to its board today at an annual general meeting near Pietermaritzburg in...
The climate of greater stability recently felt in guinea Bissau has given a new lease of life to the projects for the port of Buba and the Boé bauxite mine, promoted by Angolan investors, according to the Africa Monitor newsletter. As well as greater political and social stability, resulting from...
United Co. Rusal, the world’s largest aluminum producer, said it’s in talks with the government of Guinea on terms to develop the Dian Dian bauxite deposit. The African nation’s government plans to introduce new rules on mining concessions, Vladislav Soloviev, first deputy chief executive officer...
Mozambique’s exports are expect to increase over the next 2 years with greater sales of aluminum, coal, gas and agricultural products thus allowing for the country’s balance of trade deficit to contract in 2012. In its latest report on Mozambique, the EIU raised its projections for exports of...
Nigeria and Guinea are exploring prospects for an agreement to promote a joint investment drive for the development of key sectors in their economies. At a meeting between Guinean president, Alpha Conde, and the managing director, Nigeria Export-Import Bank (NEXIM), Roberts Orya, discussions...
The committee appointed by Rusal to examine complaints by bauxite workers against its local General Manager Ruslan Volokhov said it found no evidence that Volokhov engaged in racist behaviour or issued threats of physical assault to workers. However, the Board of Directors of the company, based on...
The committee appointed by Rusal to examine complaints by bauxite workers against its local General Manager Ruslan Volokhov said it found no evidence that Volokhov engaged in racist behaviour or issued threats of physical assault to workers. However, the Board of Directors of the company, based on...
May 26, the reporter learned from Provincial Commercial Office that recent year our province enterprises raise their “Going Global” awareness, our province’s overseas mineral resources development has form its initial shape. Our province’s business events throughout Southeast Asia, Central Asia,...
Semafo Inc. (SMF), a Canadian gold producer that mines in West Africa, plans to build a hydroelectric power plant in Guinea, said Mody Oury Barry, head of the project. The $230 million, 130-megawatt plant will be constructed on the Cogon river, which is in the bauxite-rich region of Boke, Barry...
A delegation from UC Rusal has visited Cameroon with the aim of securing its supply of bauxite. As a result of the visit, RUSAL expressed its intention to undertake a feasibility study of various metals and mining projects in Cameroon, as well as the development of necessary transport...
UC RUSAL (0486.HK: Quote), the world's biggest aluminium producer, is keen to invest in Cameroon as part of its efforts to diversify its sources of bauxite, the firm said on Wednesday. Yakov Itskov, director of RUSAL's international division, cited a new government and a mining review in Guinea,...
