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
Rusal produced 3,719 thousand tonnes of bauxite in the fourth quarter of 2018, a quarter-on-quarter decrease of 3.4 per cent.The company had produced 3,848 thousand tonnes of bauxite in the third quarter of 2018. For the full year of 2018, the company achieved total production of 13,847 thousand...
Emirates Global Aluminium has achieved a milestone at its under-construction Guinea bauxite mining project as the first bauxite train travelled from its subsidiary Guinea Alumina Corporation’s mine to the coast. EGA said the 80-wagon train carried some 6,800 tonnes of bauxite. The bauxite will be...
The German association of the aluminium industry (GDA) had pointed out in August 2018 that the development of business activity in the German aluminium sector until then remained positive. The production reportedly increased in the first half of the year – up 0.9 per cent by aluminium producers and...
According to a recent report, Konecranes, the leading manufacturer of crane and lifting equipment, has won orders for two Gottwald Model 8 floating cranes from COSCO Shipping Bulk Co. COSCO Shipping Bulk is a subsidiary of COSCO, the third largest shipping company to handle bulk cargo. Per the...
Bauxite industry has witnessed a number of developments last week. Here is a round-up of the most important news stories on the bauxite sector from the week gone by: Construction of EGA’s bauxite mining project reaches 75 per cent The construction of Emirates Global Aluminium’s (EGA) bauxite mining...
The construction of Emirates Global Aluminium’s (EGA) bauxite mining project in the Republic of Guinea has reached almost 75 per cent, reported the company itself. Developed by EGA’s subsidiary Guinea Alumina Corp (GAC), the total budget of the project is around US$1.4 billion, the largest...
Guinean President Alpha Conde has officially inaugurated the Bel Air mine in Guinea, Alufer Mining Limited announced through a press release. The Minister of Mines, members of Parliament, Ambassadors from the UK and US and local dignitaries were present during the inauguration. The president...
Wirtgen, a German company in the field of road and mine machinery says its surface miners are helping bauxite producers in Guinea to explore the country’s high quality bauxite reserves. 25 of its machines are now in operation in the West Africa country. Wirtgen supplies surface miners for the...
Engaged in processing aluminium primarily in China, the company named Xinjiang Joinworld Co. Ltd., reportedly revealed its plan of building an alumina refinery in Guinea. The news came when Xinjiang Joinworld announced its project plan worth US$ 831 million after a filing to the Shenzhen Stock...
AlCircle has launched a brief Region Focus Report – “ Guinea and Sierra Leone; Two Growing Investment Hubs in West Africa” into its 2018 Report portfolio. Africa has more than its fair share of small poor economies because of fragmentation that it inherited from European colonizers. It has become a...
Freight rates to carry a 59,000 tonnes bauxite cargo from Kamsar, Guinea to San Ciprian, Spain on a Panamax-size vessel recorded a plunge to a 21-week low of US$ 10 per tonne amidst over-tonnage in the West African region, as reported on November 29. According to S&P Global Platts data, the freight...
According to a Platts report, freight rates to carry 59,000 million tonnes of bauxite cargo from Kamsar port in Guinea to San Ciprian in Spain on a Panamax-size vessel have dropped to a 21-week low of US$10 per tonne amid over-tonnage in the West African region. The freight rate hit an all-time...
A privately-owned bauxite company Sarmin Bauxite Limited has reportedly announced the completion of an independent Mineral Resource Estimate (MRE) on its own bauxite exploration license (Lelouma Licence) located in the Republic of Guinea, West Africa. The MRE is estimated and prepared by SRK...
A consortium of the Societe Miniere de Boke (SMB) and Singapore’s Winning Shipping signed an agreement on Monday, November 26, with Guinea’s government for construction of the country’s first 1 million tonne per year alumina refinery. The refinery is part of a $3 billion project to develop Guinea’s...
According to an update by Shanghai Metals Market, Guinea-based bauxite producer Societe Miniere de Boke (SMB) plans to spend US$ 1.2 billion to build a railway track that will link its bauxite mining business with Dapilon port. The news came after the Guinea’s government spokesman Aboubacar Sylla...
Alufer Mining of Guinea has delivered its first Capesize shipment of bauxite with a volume of 203,009 tonnes, to the Port of Qingdao, in China. Alufer is an independent mineral exploration and development company with significant bauxite assets in the Republic of Guinea. The bauxite will then be...
Fluor Corporation confirmed on Monday, November 19, that Compagnie des Bauxites de Guinée (CBG) achieved first ore at its Bauxite Production Expansion Project in Kamsar. The project reportedly achieved the first ore safely, on budget, and on schedule. Fluor is a global engineering, procurement,...
The state-run National Aluminium Company Limited has reportedly decided to bid at the auctions of 21 bauxite blocks to be put up for allocation by the governments of Jharkhand, Chhattisgarh, and Madhya Pradesh. According to the report, Nalco will put in bids for captive consumption and start...
