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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Sanctions-hit Russian aluminium giant Rusal has started exporting bauxite from the Dian-Dian bauxite deposit in Guinea’s Boké Province. The exports follow the completion of the first stage of development of the bauxite deposit. With an annual capacity of 3 million tonnes, Dian-Dian is the world's...
According to the report by Reuters, Aluminium Corp of China (Chalco) has signed an agreement with Guinea government, on June 8 in Conakry, to develop the Boffa bauxite project in the west of the country. According to the agreement signed, Chalco Guinea Company would be granted mining licenses for...
On anticipating the shortage of bauxite availability in China within the next three years, Alumina Limited would consider acquiring new bauxite assets. It would even consider ramping up the production capacities of its existing mines. Alumina and its joint venture partner Alcoa have exposure to...
Lagune Exploitation Afrique in Ivory Coast reported that it is in talks with a unit of Sumitomo Corp. to build a partnership and develop a bauxite deposit and two alumina plants for 218 billion CFA francs (US$375 million). More details are not available yet other than the fact that Lagune is...
The repeated instances of civil unrest in Guinea, particularly in the mineral-rich region of Boké in the west of the country have been incessantly growing over time. Guineans claim that the mining companies in Guinea failed to contribute to their wellbeing, despite being a country with the highest...
China’s Aluminium Corp of China (Chalco) said in an exchange filing that its Hong Kong unit will invest up to $163.8 million in the Boffa bauxite project in Guinea, which has a total cost of $706 million. The board has approved the investment and the final decision awaits shareholders’ review and...
As another milestone in the development of bauxite/alumina industry in the West African nation, Guinean lawmakers approved a $2.9 billion deal with China’s TBEA Co Ltd for the development of a bauxite-alumina project there. The project will include development of a bauxite mine and the construction...
Societe Miniere de Boke (SMB) has resumed operations at its bauxite mine after a nearly two-week strike in Guinea, the company’s Managing Director said on Wednesday. “The overwhelming majority of workers went back to work this morning even if there are a few scattered blockages without any impact...
Guinea’s Societe Miniere de Boke (SMB) has completely shut down its bauxite production over the past ten days owing to a staff walkout and already lost around 1 million to 1.2 million tonnes of scheduled bauxite production, with losses running to US$1 million a day, told Frederic Bouzigues, general...
China imported 20.4 million tonnes of bauxite in the first three months of 2018, an increase of 47 per cent year-on year. In March 2018, the country’s import of bauxite increased 44 per cent year-on year to 7.2 million tonnes, based on the import-export data released by General Customs. Data...
Guinea, Africa’s top bauxite producer with the production more than doubled last year to about 50 million tonnes, has approved plans of a Netherland-based company to develop a bauxite mine and alumina refinery worth US$1.4 billion in Guinea, said Guinea’s government on Friday, April 27, 2018....
The UAE-based largest industrial company, Emirates Global Aluminium, owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has signed a 15-year agreement with LD Ports & Logistics, a subsidiary global marine transport and services group of Louis Dreyfus...
The prolonged wait of an Angolan company Bauxite Angola for resuming its cooperation project, particularly for exploring bauxite deposits seems to finally come to an end in 2018. In 2007, Bauxite Angola had secured rights to the bauxite reserves in Guinea Bissau and in April 2012, the project was...
Realising the fact that Guinea, being the world's largest bauxite reserves with an estimated 7.4 billion tonnes of high-grade bauxite, is a house of irresistible opportunities for aluminium smelters, National Alumininum Company (Nalco) is eyeing the possibility of gaining access to bauxite deposits...
SBDT (Société des Bauxites de Dabola–Tougué) company established and located in Republic of Guinea (Conakry) has put up an announcement in relation to operational requirements for their Leguetera bauxite mine in Dabola. Guinea’s Société des Bauxites de Dabola-Tougue (SBDT) is constructing a bauxite...
Bauxite shipments resumed on Wednesday from the Guinean mining towns of Boke and Kamsar after riots delayed deliveries the day before, company and government officials said. Train and barge traffic restarted after demonstrators lifted barricades and protests over disputed local elections subsided,...
Emirates Global Aluminium, the largest industrial company outside oil and gas, has signed a Memorandum of Understanding with Abu Dhabi Ports, to work together to develop opportunities for Abu Dhabi Ports to upgrade ports, logistics infrastructure and services abroad used by EGA to load raw...
Due to ongoing winter-heating season and resultant aluminium smelting cuts, bauxite demand in China domestic market has declined marginally. As a result, bauxite imports dropped in January to 7,037,633 tonnes from 7,163,056 tonnes in December last year. China’s total bauxite import for the...
