International investor interest in Ghana’s bauxite industry has intensified, with Coal India becoming the latest overseas company to evaluate opportunities in the country as it seeks to diversify beyond coal and secure mineral assets abroad. The Indian state-controlled miner’s interest remains at...
Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
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Global bauxite production is estimated to reach 393 million tonnes in 2023, a growth trajectory expected to continue in the following years, according to AlCircle's latest industry-focused report, ' Global Aluminium Industry Outlook 2023 '. As a result, there will be a 2.6 per cent increase over...
Guinea Alumina Corporation SA (GAC), the bauxite mining subsidiary of Emirates Global Aluminium, has acquired Performance Standard V2 (2017) Certification from the Aluminium Stewardship Initiative. It represents the first Guinean entity to receive ASI Certification. As per the report, GAC has...
The Australian mining and exploration company Metro Mining Limited has revealed that it has entered into a facility agreement with US-based resource project financier Nebari Holdings' Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP for a Financing Facility...
Colonel Mamadi Doumbouya, leader of Guinea's military junta, has offered the mining minister another two weeks to meet with bauxite miners and discuss alumina refinery construction plans, according to a report by Bloomberg. On March 4, 2023, the government of Guinea emailed that the mining...
The global aluminium industry in February 2023 witnessed some important announcements. The Russia-Ukraine geopolitical crisis marked one year in February 2023, which resulted in the White House pushing the Russian economy with new sanctions. The United States imposed a 200 per cent tariff on...
Mundra Aluminium Ltd, a wholly-owned subsidiary of Adani Enterprises incorporated in December 2021, is selected as the preferred bidder for the Kutrumali bauxite block by the Odisha government. The news came after the company received a letter of intent dated February 27, 2023, from the Odisha...
Following years of planning and investment, Metalcorp Group S.A., a global service provider for acquiring, producing, mining, and selling metals and minerals, announced the first commercial shipment of 160,000 tonnes of bauxite in Guinea. This was carried out under the chairmanship of Mr Karamoko...
The Indonesian company engaged in the activity of bauxite mining PT Cita Mineral Investindo Tbk. (CITA) delivered guarantees to associated companies PT Kalimantan Aluminum Industry (KAI) and PT Kaltara Power Indonesia (KPI) worth US$249.5 million (IDR 3.8 trillion). In the information disclosure on...
The Chinese aluminium producer Tianshan Aluminium Group, located in Shihezi, a sub-prefecture-level city in Northern Xinjiang, announced its plan to procure three bauxite mines in Indonesia for USD$30.3 million. On February 23, 2023, the Chinese company engaged in comprehensive aluminium production...
In Western Australia, Alcoa will reduce alumina production for two years before the state government permits them to expand bauxite mining at jarrah forests close to Perth's largest drinking water dam. Mike Ferraro, the CEO of Alumina Limited, said, "Once Alcoa could mine the Myara North area, the...
On Tuesday, February 21, Aluminium Stewardship Initiative announced that Mineração Rio do Norte (MRN) has received ASI Chain of Custody (CoC) Standard V1 (2017) Certification for the planning, mining, transport, processing, and river transportation of bauxite, as well as power generation, at the...
On February 16, 2023, the Prime Minister of Guinea, Dr Bernard Goumou, was precisely in Koumbia to launch a significant bauxite project. On this other trip to the Boké region, Dr Bernard Goumou was accompanied by Moussa Magassouba, the Minister of Mines and Geology. The Prime Minister and mining...
On Wednesday, Vedanta Ltd. announced that it was selected as the preferred bidder for an Odisha bauxite block. Vedanta has been named the preferred bidder for the Sijimali Bauxite Block, located in the Rayagada and Kalahandi districts of Odisha, under the mineral block auction held by the...
On February 9, 2023, the National Employment Fund (NEF) and the Australian mining company Canyon Resources' Cameroonian subsidiary Camalco engaged in developing the project to explore the Minim Martap bauxite deposit in the Adamaoua region, inked a partnership agreement in Yaoundé. André Henry, the...
The Ghana Integrated Aluminium Development Corporation (GIADEC) has been charged by the national director of A Rocha Ghana (ARG), Dr Seth Appiah-Kubi, for damaging a section of the Atewa forest through experimental bauxite mining. According to him, the mining carried out was illegal. This is his...
Terra Goyana Mineradora (TGM), one of Brazil's largest producers of bauxite, has joined Aluminium Stewardship Initiative (ASI) as its new Production and Transformation member. TGM engages in bauxite mining, processing, selling, and mineral research and development. It contributes 5.5 per cent of...
Introduction Guinea, a small West African nation with around 14 million population is endowed with 40 billion tonnes of low silica-medium alumina metallurgical grade bauxite resources. Most of the deposits are located within 100 to 150 km of coastline and well-developed river ports. At present...
As the transition to vehicle electrification and renewable energy sources accelerates, Geomega Resources Inc., the proponent of the first sustainable rare earth recycling facility in the world to help meet rising global magnet demand, has announced that it has secured a $3 million grant from the...
