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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Nampak has bought Alucan Packaging, a beverage-can operation in Nigeria, funding the deal through existing cash resources and debt facilities. Africa’s largest packaging group also said on Monday it had been granted an option to acquire a leading rigid plastics company in West Africa’s largest...
Akwa Ibom State of House Assembly yesterday passed a resolution calling on the Bureau of Pubic Enterprises, BPE, to take over the plant and assets of the Aluminium Smelter Company of Nigeria, ALSCON. The resolution followed alleged recent case of looting of ALSCON assets by RUSSAL. While bringing...
The value of the Ghana’s mining sector is anticipated to reach US$774million in 2017, up from US$669 million in 2012, as bauxite and gold production see substantial increases, B&FT has gathered. “This is a significant break from the past decade, when the mining sector value barely rose as gold...
The Management of Aluminium Smelter Company of Nigeria (ALSCON) at Ikot Abasi in Akwa Ibom state has pleaded with the Federal Government to link its internally generated gas fired electric power plant to the national grid as it could serve as an important backup of electricity supply to the smelter...
Aziana Limited has extended the area of known bauxite mineralisation in the Esama region of its Manantenina project in Madagascar. The first of the company’s exploration test pits on the Soanomeiny returned an 8 metre thickness of gibbsite grading 45% AvAl2O3 and 1.2% RxSiO2. The contiguous area of...
The use of aluminium in the housing and commercial segments of the South African market is growing, reports South African window manufacturer Duro national contracts manager Barry Sacks. More consumers are increasingly realising the benefits and long-term savings offered by aluminium products....
Guinea's 2013 growth target could be undermined by a lack of alumina output in the first half of the year stemming from a prolonged shutdown of RUSAL's 630,000 tonne-per-year Friguia refinery, a finance ministry report said. Work at the refinery was suspended in April 2012 following a labour...
It is planned to complete the extraction of bauxite in the city of Arkalyk by 2021. "In this connection it is necessary to carry out a set of measures and activities to identify prospective mineral deposits in the region",said Deputy Minister of Industry and New Technologies of the Republic of...
The Montenegrin government on Thursday said it was uncertain the demands of striking bauxite miners in Niksic could be met. Some 300 mine workers have been on strike several times this year after not having received their salary for 12 months. Since Aug. 21, workers blocked the export of ore from...
Sundry allegations of improprieties against Rusal, embattled managers of the Aluminium Smelter Company of Nigeria, Ikot Abasi, and self-praise responses from its management seem to be the only products at installed capacity at the company whose ownership and hitch-free operation remain dogged by...
The Vimetco Bauxite Mining Company appears to be embroiled in a protracted power struggle between the Romanians and the South Africans. Inside sources say the company has now changed seven General Managers in two years and in less than a year the Romanians have succeeded in frustrating three South...
First Aluminium Nigeria Plc has appointed Mr. Gavin Molloy as its new Managing Director of the company with effect from 2nd August, 2013. Speaking through a statement to the Nigerian Stock Exchange, Molloy replaced Mr. Ben Elfrink who resigned as Managing Director with effect from 2nd August, 2013....
Efforts to reclaim highly degraded nature reserves across the country have born fruits following intervention by the Eastern Arc Mountains Conservation Endowment Fund (EAMCEF). The degradation has been caused by bauxite and alluvial gold mining in areas such as Amani and Chome Nature Reserves....
Ghana is set to create more than 2.3 Million jobs under the Integrated Aluminium Project, which has been described as the key to growing the economy with a capital injection of about 8billion dollars. Under the Integrated Aluminium Project, an Aluminium refinery is to be constructed to refine the...
Bauxite mining company Alliance Mining Commodities (AMC) earlier this month signed a landmark rail agreement with the government of Guinea, in West Africa, confirming a viable infrastructure solution for its 90%-owned Koumbia Bauxite project in the country. The rail deal follows the completion of...
Dubai Aluminium (Dubal), the owner of the world's largest single-site primary aluminium smelter and Abu Dhabi state investment fund Mubadala have secured the full ownership of Guinea Alumina Corporation (GAC). A leading producer of alumina in West Africa, GAC also mines for the raw material...
ASX-listed Queensland Bauxite on Tuesday announced that it would buy an interest in two Mozambique coal exploration licences in the Zambezi basin, close to majors such as Vale and Rio Tinto. The junior said it had signed a binding term sheet with Australian unlisted company Regius Coal Mining to...
The Compliance Advisor Ombudsman (CAO) has found “shortcomings” in the International Finance Corporation's (IFC) management of a Mozambique aluminium smelter project between November 2010 and April 2011. In an April audit report, it criticised the IFC’s failure to ensure adequate monitoring by its...
