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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Emirates Global Aluminium’s (EGA) wholly-owned subsidiary Guinea Alumina Corporation (GAC) has secured Guinea’s largest-ever project financing for its greenfield bauxite mining project in the West African country, which is expected to lift up Guinea’s economy significantly. The total US$750 million...
According to the latest data from China Customs, China’s imports of bauxite increased 24.5 per cent from a month ago to stand at 9.77 million tonnes in April 2019. Bauxite imports in April rose 68.2 per cent from the same period previous year. China’s bauxite import registered 35.9 per cent growth...
The Rigel ship arrived at the port of Yantai in China last week carrying 300,000 tonnes of bauxite loaded at the port of Boké in Guinea. The Consortium and the shipping industry have considered the arrival of this bauxite shipment in China as a new record in terms of tonnage for bauxite transport....
Global bauxite production is expected to rebound this year with new projects coming up in Guinea and Australia and with some expansions across India and Indonesia. Consultancy group Fitch Solutions notes that Australia is currently holding 12 of the 29 new bauxite projects, which is more than any...
Bauxite import by Ukraine has been recording a steady growth year over year since 2016. According to our third-party data, Ukraine had imported an estimated amount of 3.2 million tonnes in the said year, which in 2017 had risen to 4.8 million tonnes. Therefore, in 2017, Ukraine’s bauxite import had...
Guinea government is focusing on increasing its energy production capacity by about four fold over next six years in order to help bauxite mining companies refine their bauxite locally, an announcement from the energy minister recently stated. Guinea is Africa’s biggest producer of bauxite and the...
The international SMB-Winning consortium which is building a railway service for Guinea bauxite industry investing US$3 billion made the announcement on Friday that Guinea’s new railway line will be ready to transport bauxite by June 2021. The project also aims to exploit new bauxite deposits in...
Guinea’s independent mineral exploration and development company Alufer Mining has started detailed engineering studies on its Bel Air bauxite mine in Guinea. The study will evaluate its proposed plan to expand bauxite production to ten-million tonnes a year. The company said on Wednesday that the...
Chinese state-run shipping giant Cosco has reportedly signed a contract to construct up to ten 210,000 dwt newcastlemax bulkers to support its long-term shipping project with Aluminium Corporation of China (Chalco). This order, consisted of eight firm vessels and two optional vessels, is Cosco’s...
The office of Guinean President Alpha Conde has announced that the President will take command of Societe Guinneenne du Patrimoine Minier, known by its French acronym Soguipami, from the mines ministry. Soguipami or the Guinean Heritage Mining Company is a public limited company owned by the...
Lindian Resources announced that it signed an exclusive option agreement with KB Bauxite Guinea Sarlu and its sole shareholder Guinea Bauxite Pty Ltd, in a bid to acquire the Gauoal Bauxite Project. The project spanning over 332 square kilometres is strategically located close to essential...
The Guinea Alumina Corporation’s (GAC) bauxite mine project has reportedly achieved a major construction milestone. Engineering and construction firm Fluor Corporation, which has been serving as the African project’s engineering and programme management partner, has safely set the car dumper...
According to the latest data from China Customs, China’s imports of bauxite increased about 14% to stand at 9.41 million tonnes in February from 8.27 million tonnes in January. This is one of the record numbers as far as month bauxite import is concerned. Bauxite imports from Australia, Indonesia...
Ghana Vice President Mahamudu Bawumia reportedly announced to the press that both Guinea and Ghana are all set to begin discussions over bilateral cooperation for developing bauxite industries, similar to trade co-operation between Ghana and Côte d’Ivoire in the cocoa sector. “You know what we are...
Guinea is the most significant bauxite supplier to the world with 7.4 billion bauxite reserve which is about 25% of the world’s total bauxite reserves. The country accounts for 95% of African bauxite production and 15% of world bauxite production according to the latest data from the US Geological...
A subsidiary of Emirates Global Aluminium (EGA), Guinea Alumina Corporation is about to secure financing of US$700 to US$750 million for a new bauxite project in the Republic of Guinea, EGA’s chief financial officer Danny Dweik told Reuters on Monday, March 11. He confirmed that the financing is...
Emirates Global Aluminium has announced its annual financial report of 2018, where it is found that the UAE’s biggest industrial company outside the oil and gas sector has earned a net income of AED 1.2 billion ($325 million), 64 per cent down from AED 3.3 billion ($900 million) in 2017. This havoc...
Emirates Global Aluminium announced that the final major piece of equipment for its under-development bauxite mining project has arrived in Guinea. The Barge Loader will now be installed at the end of the mining project’s 1.5 kilometre pier, where it will load bauxite ore into self-propelled barges...
