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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China imported 7 million tonnes of bauxite from the global market in January, an increase of 53 per cent year on year, revealed data released by the General Customs Administration of China. Guinea and Australia continued to be the biggest suppliers of bauxite to China. Image Source: Shanghai Metals...
Research and production corporation United Wagon Company (UWC) will supply 114 hopper cars to the Republic of Guinea. UWC won an international tender organized by RUSAL, one of the world’s largest aluminium producers. Freight cars will be used to transport bauxites from Dian-Dian deposit in the...
Guinea has started 2018 with big export plans. One of its bauxite mining companies La Guineenne des Mines (GDM) announced shipment of their first bauxite consignment from a western Boke project yesterday. The miner said it aims to export 2 to 4 million tonnes bauxite this year. Guinea has been...
China imported 61.44 million tonnes of bauxite in the first eleven months of 2017, up 30.55 per cent year-on year. In November, the country’s import of bauxite increased 13.89 per cent year-on year to 5.8 million tonnes. Nov YoY (%) Jan-Nov YoY (%) Data Source: Shanghai Metals Market Guinea’s...
Guinea's government has approved a more than $2.8 billion investment by Chinese company TBEA Co Ltd in a new bauxite mine, an aluminium refinery and an aluminium smelter, the mines ministry said on Friday. Guinea has about a third of the world's bauxite reserves but output has lagged, largely due...
Guinea will be allowed $650 million in non-concessional borrowing under a new three-year International Monetary Fund (IMF) programme, allowing it to boost spending on infrastructure projects, the finance minister said on Tuesday. The IMF is itself lending Guinea - Africa’s top producer of the...
Alliance Miniere Responsable (AMR), Paris-based company developing bauxite project in the Boké region of Guinea, announced on Tuesday that the company began production at its Guinean bauxite mine. AMR is expected to increase bauxite production to 10 million tonnes per annum in the next two years....
The African Development Bank (AfDB) is providing $100 million loan to support bauxite mine construction in northwest Guinea. AfDB said in a statement on Saturday that Guinea Alumina Corporation will operate the new bauxite mine with an annual production capacity of 12 million tonnes. Guinea Alumina...
Emirates Global Aluminium (EGA), the largest aluminium conglomerate in the Middle East has signed a long-term port facility agreement with Abu Dhabi Ports to import bauxite for its under-construction Al Taweelah alumina refinery. Khalifa Port sets to become the first port in the Middle East to...
Mitsui O.S.K .Lines (MOL) has signed a five year bauxite transport contract with Alufer Mining Limited. Alufer is an independent mineral exploration and development company with significant bauxite assets in the Republic of Guinea. Alufer has received all required permission from the government of...
A consortium of the Societe Miniere de Boke (SMB) and Singapore’s Winning Shipping plans to build Guinea’s first alumina refinery in a $3 billion effort to develop the West African country’s bauxite industry, it said on Monday. Guinea has about a third of the world’s bauxite reserves and expects to...
The growing demand for bauxite in China is driving domestic integrated aluminium producers to explore opportunities outside China to invest in projects to extract the valuable raw material. A representative from Chalco, a unit of China's biggest state-run firm, Chinalco, said on Thursday that the...
One of Guinea's largest bauxite mines will begin producing five-million tonnes per year in 2019, the mines ministry said on Thursday, boosting the West African country's efforts to treble output by 2020. Guinea has about a third of the world's bauxite reserves, which are refined and smelted to make...
After putting up a somewhat muted show for two consecutive months- July and August, Australia's bauxite exports to China grew in September 2017. The volume increased by 63 per cent year-on-year to reach 2.83 million tonnes, higher by 369,303 tonnes from Guinea’s bauxite exports to China (2.46...
China, the now largest aluminium market in the world accounting for about 50 per cent of the world’s total output, is a voracious consumer of bauxite. The Asian giant sources its aluminium ore from all the leading bauxite producing countries of the world with Guinea topping the list as the largest...
The 6th International Bauxite-Alumina symposium of IBAAS-CAMEN organized in Conakry, Guinea during September 21-22, 2017 was highly successful and well appreciated by participants, Government officials and media. There were about 130 delegates from all over the world including several participants...
Ashapura Holdings (U.A.E) FZE (‘Ashapura’), a part of the Indian multi-national Ashapura Group has acquired exclusive mining rights for Bauxite for over 100,000 acres in the Boffa prefecture of Guinea. Guinea is home to the largest Bauxite reserves in the world, Bauxite is the primary ore for...
Russian Federation aluminium behemoth UC Rusal told domestic media yesterday that plans are in the works to commission the 3-million-metric-ton-per-annum Dian-Dian bauxite mine in the African country of Guinea by next spring. Yakov Itskov, Rusal’s alumina business director, told Russian News Agency...
