Coal India, the world’s largest coal producer, is evaluating bauxite opportunities in Ghana as the Indian state-controlled miner eyes expansion beyond coal and to secure overseas mineral assets. The Ghana interest is part of a wider plan to establish Coal India’s first overseas trading office in...
Volta Aluminium Company Limited (VALCO) plans to move further into Ghana’s aluminium value chain with a new continuous casting and rolling mill that will produce aluminium rods for electrical cable manufacturers. The company has already supplied test samples to Nexans Kablemetal and Reroy Cables,...
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The deplorable state of the Western rail line remains a major problem for bulk producers of manganese and bauxite, forcing them to use costlier road transport to haul their minerals and equipment, according to Dan Owiredu, President of the Ghana Chamber of Mines. Speaking at the chamber’s 85th...
Aluworks Limited, an aluminium manufacturing company, has raised GH¢7.23 million through the sale of 144.64 million new shares to its shareholders. The amount was raised from a rights issue that ran from February 25 to March 22 on the Ghana Stock Exchange. A circular from Strategic African...
Deputy Minister-designate for the Ministry of Energy and Petroleum, John Abdulai Jinapor, yesterday, appeared before the Appointments Committee of Parliament, and told its members that the government would not sit idle and see the Volta Aluminum Company collapse. He said, as per the assessment...
With the running of Bosai 800 thousand tons alumina technical improvement project, Nanchuan has built the largest alumina base in the city; annual production reaching 1600 thousand tons. Through overseas expansion and technological improvement, the production capacity of Bosai Xianfeng Alumina...
According to Chinese customs data.the country imported bauxite 5,137,200 tons,which increased 67.59% comparing with the same period a year ago. Based on the detailed analysis of the data ,The import volume from India increased 28.84% year-on-year, rising to 3,039,000 tons, The import volume from...
Ghana’s mining sector is expected to reach a value of $1.83 billion in 2016, according to the Ghana Mining Report – Fourth Quarter 2012. The Report by Research Company Research and Markets says the sector will increase from $1.21 billion in 2010 “as bauxite and gold production see substantial...
Aluworks Limited located in Tema made huge savings when a team of maintenance and engineering personnel from the Volta Aluminium Company Limited (VALCO) helped to repair and re-install a 550 kilowatt motor which runs the company’s ‘Cold Rolling Mill’. The mill is used for rolling the aluminium...
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,...
Bosai will be the only company that owned three foreign bauxite private enterprises. It is learned that this group will invest in Indonesia to build alumina plant after the acquisition of Guyana and Ghana bauxite, which will also gain at least 0.1 billion tons of bauxite mining area. Bosai Minerals...
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...
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...
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...
The operations of Ghana Bauxite Company are being disrupted as a result of the company’s inability to transport a chunk of its ore to the Takoradi Port. The deplorable state of the Western Rail Lines is negatively affecting the company, which is a major producer of bauxite in the country. Dan...
The amount of bauxite shipped out of Ghana in 2011 reduced significantly by 22%, the Ghana Chamber of Mines said in its latest mining sector report released June 6, 2012. The Chamber’s report indicated that 400,069 tonnes were shipped in 2011 down from 512,208 tonnes in 2010. As a result of the...
There is not a deliberate attempt by the Volta River Authority (VRA) to deny Volta Aluminium Company (VALCO) additional power to run its second pot-line, says Mr. Kweku A. Awotwi, Chief Executive of the VRA. “We are unable to supply power to enable VALCO run its second pot-line because of...
Bauxite, though contributes about one percent of the total mineral export receipts for the country, has the potential of becoming Ghana's second most important mineral after gold. For this reason, the Third World Network-Ghana (TWN) in October, 2010 commissioned a study to examine the...
A study into the mining of bauxite in Ghana has recommended government policy that makes it mandatory for foreign companies that want to mine the resource to establish a refinery plant. This would help maximise the potential in the sector. It said while most foreign companies that had held equity...
The Chairman of Sierra Leone Mining and Exploration Company (SLEMCO), Mr. Alieu Mohamed Sesay, is currently marketing Sierra Leone to investors from across the world, as investment friendly destination. At the 18th Bauxite and Alumina Seminar that took place in Miami, Florida, USA from 6th to 8th...
