Imported bauxite prices in China moved slightly higher last week amid improved activity in the spot market. No trend-level shift emerged on the supply-demand side. Although rainy-season disruptions and elevated freight rates continued to weigh on Guinea's export volumes, the country's weekly...
Recently, domestic alumina spot and futures prices have weakened in tandem, and market sentiment has become more cautious. According to Mysteel research, China's operating alumina capacity has reached 99 million tonnes per year, the highest level so far this year. New commissioning and technical...
Grow with
AL Circle
The bauxite mining subsidiary of Emirates Global Aluminium, Guinea Alumina Corporation (GAC), intends to set up an alumina refinery in Guinea with an annual capacity of 1 million tonnes. EGA is the world's largest 'premium aluminium' producer. GAC is jointly owned by Mubadala Development Company...
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....
In 2023, Chinalco Guinea's bauxite production and return volume reached a new high, leveraging the strategic deployment of overseas resources of Chinalco Group and Chinalco shares. As per the report, the company achieved 104.8 per cent of the annual target task, marking a new chapter in the...
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...
Societe Miniere de Boke (SMB), the leading bauxite producer and exporter in Guinea, announced plans to invest up to $1 billion over the next five years. On February 5, 2024, Frederic Bouzigues, the CEO of SMB, stated that the investment aims to enhance its river terminals and acquire vessels. This...
In the heart of the Simandou Mountains in southeastern Guinea, a monumental $20bn mining project is poised to reshape the world's metal and mining industry landscape. After a protracted 27-year journey marred by coups, legal battles, and strategic shifts, Rio Tinto, the UK-listed mining giant, is...
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...
Recent events have occurred at the Conakry Kalum oil depot in Guinea, affecting the largest oil storage facility in the country. The government of Guinea has reported that 13 out of 18 warehouses in the oil storage area were destroyed, leading to potential fuel shortages in the future. It is...
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...
Aluminium Stewardship Initiative (ASI) announced that Compagnie des Bauxites de Guinée (CBG) has been accredited with the Performance Standard V2 (2017) Provisional certification. CBG has received the certification for its activities in Boké Prefecture, Guinea, which include bauxite mining near...
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 global bauxite mining industry is expanding due to many causes, including the increasing demand for aluminium products. Aluminium is a highly adaptable and low-density substance used in diverse sectors such as automotive, aircraft, construction, packaging, and consumer products. As the sectors...
Two years following the military coup in Guinea, there are few indications of a return to democratic governance. Interestingly, the current junta overseeing this West African nation has managed to evade international condemnation. This unique situation can be attributed to the country's substantial...
In an effort to address the challenges associated with the 'Mineral Wealth Paradox,' Guinea, a prominent global bauxite hub, has taken a proactive approach. The nation has mandated that bauxite mining companies submit proposals for the establishment of domestic alumina refineries as an integral...
On September 18, 2023, Ashapura Minechem announced that the company had secured considerable supply orders for bauxite and iron ore to Chinese companies. Ashapura Minechem is a company that operates within the industrial mineral sector, focusing on exploring and refining minerals like bauxite,...
Winning International Group, a company based in Singapore specialising in capesize vessels, has recently ordered at the CSSC yard Qingdao Beihai Shipbuilding in China to construct two huge ore carriers (VLOCs). These VLOCs are intended to support the company's seaborne trade route from West Africa...
