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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Minerals output rose in the first half of 2014 but revenues declined due to lower prices, Chamber of Mines data have shown. Ghana’s export revenues from gold, bauxite, diamond and manganese in the period was US$2.143 billion, down from US$2.477 billion in the first half of 2013. Bauxite revenue...
Anglo-African Minerals is encouraged by initial results from the sample analysis for its Toubal bauxite project in Guinea. The company engaged ALS Minerals in Ireland to undertake the analysis of 10,627 samples from the Toubal project in April. Initial interim results of the chemical analysis...
Aziana Limited has opened an online data room to a third party that could join as a partner to develop its Manantenina Bauxite Project in Madagascar. While under the radar to some investors, it shouldn't be as Manantenina offers a number of bauxite riches that a JV partner would salivate over....
Canyon Resources Ltd has alleged locating a large bauxite deposit in the Birsok project, in the centre of Cameroon, that it is in the way to having 75%, following a joint agreement, struck in late 2013, with the British company, Altus Strategies Ltd. In the research report published on July 23, the...
National Aluminium Company (Nalco) today said it plans to acquire a coal mine in an African country, which shares a friendly bilateral relation with India. “We will like to have a coal mine in an African nation provided it has a better relationship with India,” said Ansuman Das,...
Aziana shares have jumped up to 65% today to an intraday high of $0.033, from a $0.02 close yesterday. Shares last traded at $0.03. After today's rise the company is capitalised at around $6 million and holds almost $3 million in cash following the sale of non-core graphite and gold leases in...
According to the report, the UAE’s aluminum and petrochemicals exports to African non-Arab countries in 2012 stood at $6.5 billion, accounting for only 1.8 percent of their total imports which stood at $352 billion in the same year. In 2012, five African countries including South Africa, Nigeria,...
Ghana will boost power production during its World Cup matches and asked the nation’s largest aluminum smelter to reduce consumption to make sure that scheduled blackouts don’t interfere with Black Stars’ games. Neighbor Ivory Coast has agreed to supply 50 megawatts to Ghana during its games, which...
First Aluminium Nigeria plc, a subsidiary of Alcan Aluminium Company of Canada, is increasingly tapping into the enormous opportunities embedded in the Nigerian economy as it recorded an impressive first quarter results. However, there are challenges such as unsteady power supply, huge cost of raw...
Kenya’s manufacturing industry is set to grow with the entry of GZ Industries, one of Africa’s aluminium can manufacturers who are putting up a manufacturing plant. The factory is expected to be ready in the first quarter of next year will costs Kshs. 8.3 billion ($100 million) and have an annual...
China Hongqiao Group Ltd, the largest non-state producer of aluminium of the nation, has agreed to buy an African company developing bauxite deposits for approximately $120 million. Winning Logistics (Africa) Co. and Hongqiao signed an agreement to buy a not so popular company developing a mine in...
China Hongqiao Group Ltd. (1378), the nation’s largest non-state aluminum producer, is in talks to buy a bauxite mine in Africa to secure raw material. “We are looking to lock up resources in Africa and may make some concrete progress over the next six months,” Christine Wong, head of corporate...
A review of mining licenses in Guinea, the world’s biggest bauxite exporter and home to the largest untapped iron ore deposit, is deterring investors in the West African country, according to its Mines Minister. “We are really eager to see this process completed very soon, because as long as it is...
Canyon Resources has agreed to raise up to $315,000 by way of a placement of shares to fund exploration at its flagship Birsok bauxite project in Cameroon. The 7 million new shares will be priced at $0.045, with free attaching options with an exercise price of $0.06 each and expiry date of 31...
Canyon Resources has commenced First phase drilling on its 75% owned Birsok Bauxite Project in Cameroon, targeting high grade DSO bauxite mineralisation. Up to 4,000 metres of drilling is planned to test the width and extent of bauxite mineralisation across priority target areas. The program will...
Canyon Resources has released an activities report for the quarter ended 31 March 2014. Clearing work began on the Birsok Bauxite project, in Cameroon, to prepare for the first phase drilling programme. 90% of the rock chip samples taken from the project area have returned over 50% aluminium oxide...
A-ROCHA Ghana, a non- governmental organisation (NGO) that is into forest research, has called on the government to stop illegal miners from extracting bauxite from the Atiwa Forest. According to the NGO, the Atiwa forest is noted as a water tower, animal and vegetation forest reserve in the...
Canyon Resources should trade higher after additional rock chip sampling yielded high grade aluminium oxide bauxite from its 75% owned Birsok Project in Cameroon. Around 90% of the 84 rock chip samples returned greater than 50% aluminium oxide, with an average of 2.2% silicon oxide and low levels...
