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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Guinea Alumina Corporation has been honoured with the Project Finance International’s prestigious global “Multilateral Deal of the Year” award for its ground-breaking project financing. The news came after EGA officially announced the receipt of the award by both EGA and GAC’s Management at PFI’s...
According to the global export-import data, India’s estimated imports of bauxite climbed 27.13% from 2018 and 47.53% from 2017 to stand at 2.39 million tonnes in 2019. The country has been following an upward pattern for bauxite import. Guinea was the top supplier of the ore to India in 2019....
Guinea has the world’s largest reserves of bauxite, the ore used to produce aluminium. Containing a content of alumina, Guinean bauxite reserves are estimated at over 40 billion tons, 23 billion tons of which are located in the Boké region. Guinea’s highly competitive level of output allows it to...
RUSAL, one of the leading aluminium producers in the world was praised by the Ministry of Health of the Russian Federation, for its aid and research into the GamEvac-Combi, a Russian fusion vector vaccine against Ebola, in the Republic of Guinea. The Russian Ministry of Health praised RUSAL for its...
Guinea Alumina Corporation SA (GAC) declared on 15 th Jan’20 that it has shipped more than one million tonnes of bauxite ore since exports began in August. The company pursues to ramp up to outreach its insignificant capacity of 12 million tonnes per year. Daniel Cornel Pop, GAC's interim CEO,...
Lindian secured their interest in the Gaoual project, Guinea in April after signing an agreement with KB Bauxite Guinea SARLU and its sole shareholder Guinea Bauxite Pty Ltd. Lindian Resources initiated drilling at two locations where the land has been sanctioned for Gaoual Bauxite Project, West...
Guinea’s bauxite-aluminum industry is undergoing a significant expansion of investment, concession agreements, and in-country mining and refining operations. Emirates Global Aluminium's Guinea Alumina Corporation (GAC) project is likely to boost the industry further, being one of the largest...
The Aluminium Corporation of China Ltd., CHALCO, shipped the first cargo of bauxite from its Boffa mine in Guinea, as per a company spokesman confirmed on 7 th January’20. Alumina is produced from a rock known as bauxite, which is then refined to make aluminium metal. As on 7 th January’20, it has...
China Customs data showed a rise in China’s bauxite imports during November, followed by three consecutive months of downfall. Recording a growth of 11.38 per cent from a month ago and 21.9 per cent from the same period last year, the amount of import rebounded to 7.21 million tonnes. In October,...
Perth based Lindian Resources has announced that the bauxite ore body of its Gaoual bauxite project in northwest Guinea is significantly larger than they expected. This was confirmed by the surface mapping conducted by the company's geological expert, Mark Gifford, and project geologist, Hashimu...
As updated by Shanghai Metals Market, China’s imports of bauxite continued to fall for the third straight month. China imported 6.48 million tonnes of bauxite in October as compared to 6.75 million tonnes in September. Bauxite imports declined by 3.97% month-on-month and 6.01% year-on-year,...
The undisputable production growth in the global aluminium industry in last one decade has resulted in wide spread Greenfield and Brownfield expansions across the aluminium value chain. The year 2019 also saw many key projects ground breaking, developing and commissioning in the upstream and...
Rusal-owned Aughinish alumina refinery, which started with 800,000 tonnes per year capacity and now produces 1.9 million tonnes, alone makes Ireland a significant hub for alumina production. Said so, Ireland is the main alumina refining hub in entire Europe and therefore, a major bauxite importer...
Emirates Global Aluminium has signed an agreement to supply Xinfa with bauxite from its Guinea Alumina Corporation bauxite mine for the next five years. EGA will supply the Chinese company with millions of tonnes of bauxite each year from 2020, with the first vessel scheduled to load in January....
Amidst the potential primary aluminium production capacity, the GCC aluminium giants are increasingly exploring upstream possibilities as well. For instance, Al Taweelah alumina refinery and the Boke bauxite project in the Republic of Guinea are the key parts of EGA’s strategic expansion in...
According to an official from parent and state-owned company Chinalco, Aluminium Corporation of China Limited, popularly known as Chalco, would make the first shipment from its Boffa’s bauxite mine in Guinea by early-December. Last month, a Chinalco official at the China Mining conference in...
Emirates Global Aluminium, on Thursday, November 10, reportedly announced that the first Capsize vessel sailed from its bauxite mining subsidiary Guinea Alumina Corporation in the Republic of Guinea. Operated by shipping line Berge Bulk, the vessel, the MV Berge Rosa, is bound for a customer in...
Shanghai Metals Market found that China’s bauxite imports fell in September for the second straight month, due to a weak supply from major sources such as the Republic of Guinea, as the latter entered a rainy season in July. Customs data under HS code 26060000 showed that China imported 6.75...
