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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<p>International Finance Corporation, a member of the world Bank Group announced Wednesday that it is going to invest $200 million in the bauxite mining company Compagnie des Bauxites de Guinée in Guinea, to support 'broad-based growth' in the West African country that is still recovering...
<p>According to China's General Administration of Customs data released on August 24, bauxite import of the country shrunk 27.43 per cent year-on-year to stand at 3,634,184 million tonnes in July 2016. During January-July period, bauxite import rose 4.8 per cent YoY, a minimal rise compared to what...
<p>Experts predict that Guinea will replace Australia as China’s top bauxite supplier by 2017, China’s Ministry of Finance said on its website on July 22. <br /><br />Bauxite output in Guinea totaled some 19 million tonnes in 2015 and is expected to reach 28 million tonnes by 2016. The...
<p>Irving, Texas based multinational engineering and construction firm Fluor Corporation has been awarded with a major bauxite expansion project in Guinea. The engineering, procurement and construction management contract was signed between the representatives of Compagnie des Bauxites de...
<p>China imported 3,506,176 million tonnes of bauxite in June 2016, down 12.3 per cent from the same period previous year. The year-to-date bauxite import, however, increased 12 per cent to reach 25,197,259 mt.<br /><br />Australia topped the list of countries which supplied bauxite ore to China....
Mining, as an industry, has always been associated with a history of exploitative social practices and environmental degradation, particularly in Africa. Various treaties and organizations have made efforts to clean up mining practices over the years, but very few could smell success out of it....
While Australia remains China’s top bauxite supplier, the country is facing competition from Guinea and Brazil, who are emerging as important suppliers, SMM says. Imports from Guinea, China’s second largest supplier, rose about 10 per cent month-on-month in May, and imports from Brazil, which...
<p>United Company RUSAL Plc announced that on 22 June 2016 the company's Board of Directors has approved (i) Annex 12 to the Dian-Dian Concession Agreement dated 21 July 2001 in relation to the Dian-Dian project; and (ii) an agreement on restoration of the alumina refinery Friguia and its further...
Emirates Global Aluminium (“EGA”) will begin construction on a major bauxite mine in the Republic of Guinea, to secure supply of the high-quality raw material for its primary aluminium production facilities in the United Arab Emirates and create a new, substantial revenue stream through significant...
Guinea's Bauxite Company (CBG) has reached an agreement in principle over a $1 billion loan to increase production capacity at the Kamsar treatment plant, the firm's general director told Reuters on Friday. Guinea has around a third of the world's reserves of bauxite, used to make aluminium,...
Global bauxite ore production is set to experience solid growth driven by a robust project pipeline and reach 321.3 million tonnes (Mt) in 2020, according to a recent industry report. The report states that the production will witness a compound annual growth rate (CAGR) of 3.1 per cent from 2016...
A Dubai-based resources firm is in talks with trading houses to develop bauxite reserves in Guinea, valued at $8 billion and previously held by BHP Billiton, the company's co-founder said on Thursday. James Tounkara, co-founder of Gajah Investment Group, said he also expected Chinese involvement in...
CRU issued a report late last week detailing the future of bauxite ore, and, according to CRU’s analysts, the future looks pretty good. Following is an overview of the top bauxite-producing regions and an outlook for the coming months. Indonesia – the archipelagic country had been the source for up...
Guinea beat Malaysia as the second largest bauxite supplier to China, marking a significant change in supplier structure. Imports of the aluminium smelting raw material look set to grow in the future, SMM predicts. Shandong Xinfa Group plans to import 2-3 million tonnes of bauxite from Guinea this...
Australia has been a top supplier of bauxite to refineries in the People’s Republic of China for the past several years, but the country is facing increased competition for the Chinese marketplace from Malaysia and Guinea, according to a report compiled by the Australian government’s Department of...
Bauxite prices eased 1.6 per cent (US$0.7/dmt), closing Friday at US$44.2/dmt for the week. Several lower ViU-priced cargos from Malaysia contributed to the marginal decline over the week. Although Malaysian bauxite exports have resumed, mining activities have not - current exports (via Kemaman...
Iran expects to issue a tender by the end of 2016 to build a pipeline in Guinea for transporting bauxite mined in the West African nation to a port for shipment to the Persian Gulf country to provide raw material for a planned $10 billion aluminium production push. The tender would be issued after...
Chinese buyers have turned to Guinea for bauxite after Malaysia extended ban on bauxite mining by another three months. Imports from Guinea soared 189 per cent month-on-month to 937,000 tonnes in March, of which 93.7 per cent were imported by China Hongqiao Group alone, customs data showed. Some...
