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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The State Insurance Company (SIC) has presented a cheque for GH¢10,000 to the Association of Building and Civil Engineering Contractors of Ghana (ABCECG) as contribution towards the Association’s education campaigns. Mrs Doris Awo Nkani, Acting Managing Director of SIC, who presented the cheque,...
Guinea secured $2.1 billion in debt relief from the World Bank and the IMF Heavily Indebted Poor Countries (HIPC) initiative, paving the way for accelerated development of the minerals-rich West African state, officials said. The debt relief comes as a vote of international confidence in Guinea's...
Notwithstanding the series of controversies gripping mining in Odisha, South Africa on Monday evinced interest to invest in the mineral sector in the state. "Odisha is a mining state and South Africa is a mining country. We have a lot of similarities. Therefore, Odisha is strategically important...
Guinea's biggest mining town is stuck in desperate limbo as its key aluminium plant remains shut five months after a pay dispute saw Russian owners abandon their posts for security reasons. "We're living through the end of Guinea's most famous mine," said trade union activist Mamadi Kourouma in the...
Guinea-Bissau's transitional government said it will renegotiate a deal with Angola Bauxite as the current agreement, signed by a government ousted in an April coup, is unfair. Angola Bauxite, part-owned by the Angolan state, first signed a $500 million plan to build a mine and deepwater port in...
Nana Akufo-Addo, the main opposition presidential candidate in Ghana, pledged to develop a “multi-billion dollar integrated aluminum industry” and attract investment into bauxite mining. “We will use a similar model to exploit our iron-ore deposits and build urgently a new iron and steel industry...
Bauxite Angola has informed the Guinea Bissau government that it is available to re-launch its mining project in the south of the country and continue with construction of the deep water port in Buba, the Angolan company’s assistant communications director said in Bissau Tuesday. At the end of a...
Vimetco, the global producer of primary and processed aluminium products, has announces that its bauxite producing subsidiary, Sierra Minerals Holdings (SMHL), has signed an updated Mining Lease Agreement (MLA) with the Government of Sierra Leone. Under this agreement the Company's Mining Lease, of...
Renaissance Capital, a global investment firm, stated that last year, Foreign Direct Investment (FDI) in Sub-Saharan Africa surged to a record of USD35 billion, reported Xinhua News. The company said that half of the amount was made in Ghana, Nigeria and South Africa, adding that FDI to West Africa...
Anglo African Minerals plc, the dedicated bauxite exploration and development company is pleased to announce the terms of a private share placement of 7,590,000 ordinary shares of EUR0.001 for total subscription funds of EUR759, 000. As a consequence of this funding a number of loans associated...
A decision by Nigeria’s Supreme Court to strip Russian aluminum giant RusAl of its ownership of its Nigerian aluminum processing plant may harm economic cooperation with Russia, the Russian Foreign Ministry said on Thursday. “The decision by the Nigerian Supreme Court on Alscon (Aluminum Smelter...
Workers of the Niksic-based Bauxite Mines have accepted the Government's offer related to the timeframe for payment of salaries and stopped their eight-day blockade of the company's administration building. The President of the Independent Trade Union Borislav Bojanovic said that the Government...
Russia’s Foreign Ministry warned Nigeria on Thursday, of potential damage to bilateral relations and urged action against a court decision that stripped the world’s largest aluminium producer, Russia’s Rusal, of its core African asset. Nigeria’s supreme court ordered last week that Rusal, which...
Guinea-focused bauxite miner Alufer Mining plans to invest $400 million to develop its Bel Air bauxite project in the Boffa region of the west African state, documents submitted by the company to the country's mines ministry showed on Monday. Alufer said in the documents seen by Reuters that it has...
Guala Closures has commenced acquisition of the metal closures division of MCG Industries, a manufacturer of aluminium closures in Cape Town, South Africa. The acquisition is subject to the approval of the South African Competition Commission and is expected to be given in the last quarter of 2012....
More than three years on and a $4.3 billion project to build a bauxite mining and alumina refinery in Cameroon is still waiting for a mining permit, a company executive said on Friday. India's Hindalco, Dubai Aluminium Company (Dubal) and Hydromine Inc announced plans for their Cameroon Alumina Ltd...
The extraction of bauxite mineral estimated to be 554 million tons in northern Cameroon could begin in 2018 for a period of 75 years and at a cost of 4.3 billion US dollars, a source from the Cameroon Alumina Limited (CAL) which is a consortium of foreign companies, told Xinhua on Monday. The...
According to the Ghana Statistical Service, the total value of goods and services produced in Ghana grew by 8.7% in the first quarter of 2012, relative to that of 2011. A newsletter from the GSS shows that the Industry sector was the main reason for this growth. Gold and bauxite production led the...
