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...
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On 11th July 2021, Emirates Global Aluminium earmarked the 100th shipload of bauxite exported from Guinea, since the company’s initiation in August 2019 from its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation. The UAE based aluminium company, EGA uses Capesize vessels to...
The world bauxite market this week during May 14-18 witnessed a myriad of events starting from Compagnie des Bauxites de Guinée’s (CBG) official launch of new visual identity to the appointment of André Henry by Canyon Resources Limited as Director of Port and Rail for Camalco SA. Compagnie des...
Guinea, known for having the world’s largest bauxite reserves, is set to expand production after the Societe Miniere de Boke’s (SMB) railway project is complete linking Santou II and Houda blocks to the Port of Dapilon. The railway project has been inaugurated on Wednesday, June 16, whereby...
Ukraine imported 2.185 million tonnes of aluminium ores and concentrate (bauxite) in the first five months of 2021. That marked an increase of 12.3% compared to the same period last year, according to statistics released by the State Customs Service. Bauxite imports in monetary terms rose to...
On 11th June 2021, the largest single producer of bauxite in the world, Compagnie des Bauxites de Guinée (CBG) declared the official launch of its new visual identity. The launch event was witnessed by the directors of the company, major players of the Guinean mining world, several diplomats, the...
Compagnie des Bauxites de Guinée (CBG), the world’s leading company in the bauxite sector, has joined Aluminium Stewardship Initiative as a new Production and Transformation member, bringing the total number of ASI members to 174. CBG operates mines in the area of Sangarédi in the north-western...
The Franco-Guinean bauxite tycoon Fadi Wazni chaired SMB-Winning Consortium has been building a railway track for more than 2 years to be used for the exploitation of its mining activities. On 25th May 2021, the first rail link which connects the mining area of Santou to the new river port of...
Emirates Global Aluminium, the world’s largest producer of ‘premium aluminium’, with smelters in Abu Dhabi and Dubai, has unveiled its new corporate purpose: Together, innovating aluminium to make modern life possible. The company also aims to achieve its new mission—to generate value from mining...
On 30 th April’2021, the International Monetary Fund (IMF) reported on a virtual mission that in 2020, the economy of the West African nation, Guinea has grown 7% on Y-o-Y amid the dual pandemic of Covid-19 and Ebola. The growth figure reported is even well above the 5.2% previously forecasted by...
On 28 th April 2021, Guinea Alumina Corporation, a subsidiary of Emirates Global Aluminium (EGA), which explores bauxite in the Boké region located at the northwest of Guinea, has announced the appointment of Malick N'Diaye as the CEO of the organization. Malick N'Diaye joined GAC in 2014 as Chief...
On 28 th April 2021, at the Dapilon bauxite mining site in Boke tension rose high, as the workers from the WAP company blocked the road to the mining port, halting the transport of bauxite. As per our report, the workers' primary demand in particular is the renewal of their union office whose...
Rusal has announced the first quarter of 2021 results, reporting that its bauxite production rose 7.4 per cent quarter-on-quarter and 6.3 per cent year-on-year to stand at 3.801 million tonnes. Rusal’s bauxite minings in Guinea produced 2.025 million tonnes in Q1 2021, while Russia and Jamaica...
Rusal, a completely vertically integrated aluminium company has donated a bauxite quality control and analysis laboratory to Guinea. RUSAL has been operating successfully for 20 years in the Guinea mining sector. On 12 th April 2021, the official handover of this laboratory took place in the...
The bauxite importation of Ukraine during January-March 2021 has shown a significant rise by 6%, when compared to the same period the previous year, to 1.303 million tonnes. As the data statistics released by the Ukrainian State Customs Service, it states that during this phase, bauxite imports in...
China Railway Seventh Group, a major Chinese construction conglomerate, reportedly paid a visit to Lindian Resources’ bauxite assets in Guinea, West Africa, to inspect project sites and associated existing infrastructure as part of the memorandum of understanding signed earlier this year. China...
Our sources reported on 23 rd March 2021, an investigation was opened in Paris after a complaint about corruption in the exploitation of bauxite in Guinea comprising President Alpha Condé, several of his relatives and mining companies. This preliminary investigation, opened by the National...
In 2017, Bel Air Mining was established in Guinea and now in 2021, it is in a deep financial crisis. The Guinean subsidiary of Alufer Mining Ltd., which exploits bauxite in the Boffa region, has been severely affected due to the recent slash in prices and the increase in freight and restrictions...
The world’s largest bauxite exporting nation, Guinea has made an astonishing entry in the 2019 Fraser Institute ranking, crowing first in the world in terms of mining potential. Notwithstanding, the poor discernment of its mining policies obstructed the country from appearing in the top 10, in...
