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...
Canyon Resources' independent board committee says A2MP's AUD 0.05 (USD 0.036) offer materially undervalues the Cameroon-focused bauxite developer as questions also emerge over A2MP's potential ties to another major shareholder. Canyon Resources' independent board committee has recommended that...
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In a groundbreaking development poised to transform the mining and shipping sectors in West Africa, Cosco Shipping Bulk Co., Ltd, CTC Mining (SL) Ltd, and Baometal Minerals International Trade Ltd have unveiled their collaboration on the ambitious CTC Port Loko Port Project. This trilateral pact...
The nationwide strike in the bauxite kingdom Guinea , which had brought the nation and its mining sector to a standstill since February 26, 2024, has been suspended by the country's trade unions, according to a statement released on February 28. The Guinean Trade Union Movement, representing...
During his State of the Nation address in Parliament on February 27, the President of Ghana, Nana Addo Dankwa Akufo-Addo, announced several initiatives to accelerate the nation's industrialisation agenda and ensure value for money. Among these measures, the government will establish a $450 million...
On February 26, 2024, workers in Guinea initiated a nationwide strike, causing closures of businesses and significant disruptions in the mining sector . Commencing an indefinite general strike marks a crucial challenge for the junta, which took control in 2021, instituting a ban on protests and...
Guinea is poised to secure approximately $4 billion in funding from the United Arab Emirates this week. Under the junta ruling since 2021, the government has strategically engaged with development funds and investors in Dubai to support key sectors such as infrastructure, healthcare, and education....
A report revealed on Tuesday, February 6, that Shanghai Ace Investment & Development Co., Ltd., a China-based company engaged in supply chain logistics and supply chain implementation of the trading business, mulls over signing bauxite purchase and sale contracts with Alcoa World Alumina LLC and...
The recent accident in Guinea with the fuel depot happened back in the middle of December, but the impact on bauxite deliveries to China has not yet come through. China recorded an increase in bauxite imports in January. The month saw about 12 million tonnes brought in, mainly from Guinea and...
According to the Shanghai Metals Market, China’s metallurgical-grade alumina production in January 2024 (31 days) saw a 1.1 per cent dip month-on-month at 6.72 million tonnes. But on a year-on-year basis, the output grew by 5.5 per cent from 6.37 million tonnes. The daily average production stood...
Where does China get its bauxite from? Ask most industry people; the answer will likely be Domestic, Guinea and Australia. Other sources, such as Malaysia, are tiny, and Indonesia has disappeared from the import data. But another country has started to appear in the industry. The China team did a...
The fuel depot explosion in Conakry, Guinea, just before the year 2023 ended caused fuel sale restrictions, leading to transportation disruption. That led to a fret about bauxite availability in China, given that Guinea is the largest exporter of bauxite ore to China. The incident even led to...
Guinea Alumina Corporation (GAC), a subsidiary of Emirates Global Aluminium, has offered the Guinea government the use of GAC's petroleum port and bulk storage facilities to assist in dealing with the aftermath of an oil terminal explosion. After the December 18 explosion destroyed gasoline tanks...
The recent fuel depot explosion in Guinea has raised fears of a bauxite shortage, which may affect alumina production in China. China secures the lion's share of bauxite from Guinea, which they refine into alumina and used for aluminium smelting. The fear of bauxite shortage and alumina production...
As per the USGS statistics, the First Half of 2023 marked a total import value of 1.195 million tonnes of crude and dried bauxite to the USA, which dropped by 13.4 per cent or 185,000 tonnes from 1.38 million tonnes estimated in the First Half of 2022. On the other hand, the export of crude and...
According to China customs data, China’s bauxite imports in October 2023 stood at 11.1273 million tonnes, reflecting a month-on-month increase of 11 per cent and a year-on-year hike of 23.97 per cent. Guinea was the highest exporter of bauxite to China in the said month, supplying 7.084 million...
As the backbone of industries worldwide, aluminium is pivotal in modern technology, from laptops to spaceships. However, the key ingredient, bauxite, necessitates sustainable mining practices to mitigate adverse environmental and social impacts. Let's delve into the intricate world of bauxite...
The National Fisheries Authority (NFA) has issued a fish habitat conservation order to West Indies Alumina Co (Windalco), a corporation involved in producing bauxite and alumina. This order pertains to the Rio Cobre watershed located in St Catherine. The order went into force on October 1 and will...
The Lam Dong Aluminium Company faces challenges in compensating and clearing sites, which could impact its future bauxite ore exploitation. The company's report reveals that, from 2020 to 2024, they planned to use 320.12 hectares of land, but only 248.8 hectares have been approved for land...
Central Mine Planning and Design Institute (CMPDI), a Mini Ratna Company and subsidiary of Coal India Limited, has ventured into non-coal exploration activities, marking a significant expansion of its expertise. They have recently submitted a comprehensive geological report for bauxite exploration....
