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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Lindian Resources’ Managing Director Shannon Green has resigned from the company and stated due to personal reasons. Still, he will remain at the company until the end of June’20 to ensure a smooth leadership transition. Shannon joined Lindian Resources only 12 months ago from bauxite development...
Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has reportedly signed five mining contracts for the first time in its history. This followed the heels of the conclusion of the country’s inaugural mining bidding round last year. The contracts have been signed with three different...
China’s bauxite imports rose to a record high in the first quarter of 2020, owing to greater demand and lower sea freight costs, found China customs data under HS code 26060000. In the first three months of 2020, China imported 28.41 million tonnes of bauxite, the highest quarterly import volume on...
Lindian Resources Limited has reportedly confirmed that laboratory testing of extensions to the Bouba conglomerate bauxite plateau within the Gaoual Project has discovered high-grade alumina averaging more than 50 per cent. Earlier this year, resource drilling along the Bouba Plateau had confirmed...
Abdoulaye Magassouba, Minister of Mines and Geology, Guinea stated that: “Iranian companies are capable partners for the development of mining projects.” On 15 th May’20, the Guinea minister while speaking in a video conference with Iranian Deputy Minister of Industry, Mine and Trade Khodadad...
A journey of 35 days that crossed 21,112 km with two large locomotives built by the Chinese group CRRC for the Dapilon-Santou railway line was landed on 8 th May’20 at the Guinean port of Boké, initiated the departure from the Chinese port of Yantai in Shandong province. The internal combustion...
Zhenjiang Shipyard has reportedly completed building two series of pusher and towing tugs for a bauxite mining project in Guinea, Africa, as of May 3, after returning to full production in April following slower production in Q1 2020 due to COVID19 restrictions. In total, Zhenjiang Shipyard in...
Lindian Resources Limited provided an update on the assaying and digestion test work on the drill sample derived from the Bouba Conglomerate Bauxite Plateau and Mamaya Plateau at Gaoual. The company said laboratory XRF analyses confirmed the high-grade conglomerate bauxite at the project. Lindian...
Bauxite imports by China increased 10.6 per cent in March to total at 10.01 million tonnes from a year ago and also faster than 9.64 per cent growth rate in the January-to-February period, found China’s General Administration of Customs data. In the first two months of the year, China imported 18.4...
The fight against COVID-19 is nowadays a global concern, and therefore, a priority for States and socio-professional organizations. Elite Mining Guinea SA offered a large batch of sanitary kits to the National Health Security Agency and food supplies to the communities impacted by its activities in...
Lindian Resources has communicated by stating the confirmations of significant extensions to its high-grade conglomerate bauxite resource at the Gaoual Bauxite Project in Guinea, West Africa. The company reported at the beginning of the month that they located two new areas of conglomerate bauxite...
Ukraine has been raising the import of aluminium ore Y-o-Y, thus sending a positive message to the global bauxite/aluminium industry. The total bauxite import during 2017-19 stood at 15.48 million tonnes, whereas the import estimation for 2020 stood at 5.80 million tonnes when added the volume...
In the annual general meeting of DUBAL Holding LLC, on Wednesday, March 25, H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, praised the company’s good operational performance during 2019. He also mentioned Dubal’s 50 per cent subsidiary firm EGA and its...
The Natural Resource Governance Institute (NRGI), an independent non-profit organization dedicated towards improving countries' governance over their natural resources to promote sustainable and inclusive development, publicizes that “Natural resource-backed loans are loans surrounded by secrecy”....
Canyon Resources Limited has appointed senior bauxite executive Rick Smith as Chief Development Officer of the company. Rick Smith will focus on supply chain, offtake and strategic partner negotiations for Canyon’s Minim Martap Bauxite Project in Cameroon. Smith has more than 35 years’ experience...
The discharge ceremony for the first shipment of bauxite from Chinalco’s Boffa bauxite project in Guinea was held in the Rizhao port in Shandong province on 26 th February’20. The company announced that the transportation mission was completed by M.V. QU SHAN HAI under COSCO Shipping bulk, which...
According to China customs data, the country in the entire year of 2019 imported 100.66 million tonnes of bauxite, compared to 82.57 million tonnes in 2018. This means the year saw an increase of 21.91 per cent in the import volume, exceeding the 100 million tonnes level for the first time. The...
Guinea Alumina Corporation (GAC) has a mining concession of 690 km2, in the region of Boké, a city located in the northwest of Guinea, exactly in the locality of Tinguilinta. To meet the standards of the International Labor Organization and those of the International Finance Corporation (IFC), the...
