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 announced the arrival of two SD40-2 shunting-locomotives that will be used on its under-construction bauxite mining project in in Guinea. The locomotives will be used to move rail wagons around Guinea Alumina Corporation’s loading area at its mine location and at its...
According to a Wall Street Journal report, Chinese Cosco Shipping Cop. is in discussion with shipyards in China to order about 25 large ships to ship bauxite from the West African country of Guinea to China for using in the alumina refineries. The development is an extension of a plan by state...
Aluminium Corporation of China Limited, known as Chalco, officially announced on its website on Monday, October 29, that it started the construction work of its Boffa bauxite mine in Guinea. According to the Reuters report, the company held the groundbreaking ceremony on Sunday, October 28, at...
Emirates Global Aluminium, an aluminium conglomerate equally owned by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has announced that it expects first export from its bauxite mine in Guinea to take place in the second half of 2019. The announcement came following...
The Guinean government is ensuring that bauxite mining companies working in the country do not harm the environment, Prime Minister of the Republic of Guinea Ibrahima Kassory Fofana told Sputnik regarding a recent rights watchdog report on the dangers of such mining. The Human Rights Watch...
China Customs data reveals that increased bauxite exports by Guinea to China after the rainy season has rebounded China’s bauxite imports in August. As per the data, China imported 7.89 million tonnes of bauxite in August, 8.4 per cent up from 7.28 million tonnes in July. China Customs data found...
China’s bauxite imports found decreased in July by China Customs from a month ago as rainy season lowered the supply from Guinea. {newsStudioGallery} Data showed China imported a total volume of 7,280,000 tonnes of bauxite in July, compared to 7,440,160 tonnes in June. This means the volume dropped...
Ukraine’s aluminium ore and concentrated bauxite import volume have reportedly increased by 6.3 per cent in H1 2018 to stand at 2.772 million tonnes, compared to 2.597 million tonnes in the corresponding period of 2017. But the cost remained down by 1.3 per cent to US$ 109.994 million, from US$...
Fitch Solutions Macro Research just published an update to a previous study looking at the global bauxite market. In the most recent version of the document, the firm states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia...
Infrastructure development finance institution Africa Finance Corporation (AFC) on Wednesday announced the on time completion of the Bel Air mine, in Guinea on Wednesday. It also announces the first successful shipment of high-grade bauxite to China. The construction of the mine was completed on...
China, with the biggest aluminium market, is constantly diversifying its bauxite import sources and at the same time witnessing a year-on-year growth in volume. According to the latest data by China Customs, the country saw an 8 per cent Y-o-Y growth in bauxite import in June to stand at 7.45...
Rio Tinto has released its H1 2018 financial results on August 1, 2018. The Aluminium group’s underlying EBITDA increased by ten per cent compared with H1 2017, driven significantly by higher bauxite volumes and stronger pricing. Rio Tinto’s H1 bauxite production of 25.9 million tonnes was up 7%...
Africa is contributing about 32% of the global bauxite resources. It’s an irony that some of the poorest countries in the world possess the richest bauxite reserves. Africa, though poorly explored as of date, does possess some of the richest reserves of Gibbsitic bauxite. The known reserves are...
UAE-based Emirates Global Aluminium (EGA), jointly owned by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has signed a deal with Vedanta to supply bauxite from its mine in Guinea. Under the long-term agreement, EGA will start providing the ore to Vedanta from the...
The International Monetary Fund (IMF) has approved $24 million for Guinea to support the economy of the bauxite-producing West African nation, the Finance Ministry said on Wednesday. Guinea, whose economy has been hit by low global commodities prices, reached a deal with the IMF in December giving...
Emirates Global Aluminium (EGA), which is building $1.4 billion bauxite mine in Guinea, announced that it has completed 50 per cent work on the project. EGA is currently developing a bauxite mine and associated export facilities in the Republic of Guinea, West Africa. First bauxite exports from...
Emirates Global Aluminium (EGA) announced it has received first shipment of 61,450 tonnes of bauxite from Compagnie des Bauxites de Guinée for the commissioning of its under-construction Al Taweelah alumina refinery. Compagnie des Bauxites de Guinée will supply some five million tonnes of bauxite...
Russian aluminium giant UC Rusal-operated Friguia alumina refinery in Guinea has restarted its operations on Wednesday, June 20, 2018. The news came to focus when the West African country’s mines minister reported to Reuters yesterday, on June 21, 2018. According to the update in May 2017, the...
