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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According to a new market research publication on global bauxite mining trends and outlook to 2020, the world bauxite reserves stood at 27.5 billion tonnes (Bnt) as of January 2016. Guinea had the world’s largest reserves, with 7.4Bnt, accounting for 26.9 per cent of the global total, with most...
UC RUSAL, a leading global aluminium producer, and the Republic of Guinea have signed an annex to the Dian-Dian concession agreement and also reached an agreement on resuming operations at the Friguia bauxite and alumina complex. The newly signed annex to the Dian-Dian concession agreement splits...
Global Bauxite Conference 2015 took place in Kuala Lumpur at the end of June last year. Thanks to the participation of leading companies like Alcoa, Gunvor, Hydro, Itochu, Mitsui, Rio Tinto, Sojitz, South32, UC RusAl, etc. and also the great support from organizations like AZ China, Guinea...
Guinea and Burkina Faso plan to take back hundreds of unused mining permits for re-auction, ministers said this week, as governments try to reignite interest in the sector amid a downturn. Permits awarded in recent years that are not being used for exploration or production should be made available...
China Hongqiao Group Limited, the top primary aluminium producer in the country, is running a trial production at its one million tonnes-a-year alumina plant in Indonesia and will complete building another 1 million tonnes by the end of 2017, its Chief Executive Officer said on Monday. The capacity...
A general strike in Guinea that began on Monday, February 15, will not curb production of bauxite, the country's top producer Guinea Bauxite Company (CBG) said on Tuesday. The miners, however, have announced their support for a nationwide protest against lowering of wages and high fuel prices....
Guinea-focused bauxite miner Alufer will produce 5 million tonnes of bauxite next year, the mines minister said on Monday, potentially boosting Guinea's output by more than a quarter. Guinea holds nearly a third of the world's reserves of bauxite, the metal used to make aluminium, and currently...
French telecoms tycoon Xavier Niel's NJJ Capital has acquired a minority stake in Alliance Miniere Responsable (AMR), a Paris-based company developing bauxite reserves in Guinea, AMR said on Wednesday, 24 January. The stake, the size of which was not known, is the latest investment by one of...
Guinea President Alpha Conde named mining executive Mamady Youla as prime minister on Saturday as part of a strategy to revive the West African nation's ailing economy, the government announced. Guinea is a major producer of bauxite, an aluminium ore, but growth has been hamstrung by a slump in...
“The cooperation project not only created jobs for young people but brings business opportunities to Guineans,” chirped Kassory Fofana, Minister of State at the Chinese President’s office, as the first cargo ship containing 170,000 tons of bauxite arrived at China’s Yantai Port from Boke Port,...
A cargo ship from Guinea unloaded 170,000 tons of bauxite from Guinea at Yantai port on Monday, establishing China's first bauxite transportation line connecting Guinea mines with Chinese consumers. Kassory Fofana, minister of State at the President's office was at at the unloading ceremony at...
Emirates Global Aluminium (EGA) expects to complete a feasibility study for its bauxite mine and alumina refinery project in Guinea by the first quarter of next year, its chief executive said on Sunday, November 15. "We are already in, we just need (to know) how much we are going to budget, how...
Operations at Guinea’s Alufer Bel-Air bauxite mine experienced a setback as its extended negotiations with the government pushed back production at the site by a year to 2017. The independent miner had earlier announced its plans to invest around USD 400 million to develop the Bel-Air open-pit mine...
The largest alumina refinery in Europe, Rusal Aughinish, last year went back into the red to record pre-tax losses of $12.2m (€10.8m). The loss came despite revenues having increased by $22m from $607.8m to $629m. Based on the Snannon estuary, the principal activity of Limerick Alumina Refining Ltd...
The US$ 200 million worth bauxite mining project that Singapore-based Winning International Group has planned to start in the Boke region of western Guinea of Africa, through its formed consortium will sideline traditional suppliers like India, Australia, and Indonesia. Winning plans to export 30...
Singapore-based Winning International Group (Winning) has invested USD 200 million in a bauxite mining project in the Boke region of western Guinea of Africa, through its formed consortium. The company along with its consortium partners- Weiqiao Pioneering Group, headquartered in China’s Shandong...
Bauxite mined by Guinea’s biggest producer Compagnie des Bauxites de Guinee- a company owned by io Tinto Plc, Alcoa Inc., Dadco Alumina & Chemicals Ltd. and the government, has been the country’s steadiest source of income since it first produced the ore forty years ago. The company is all set to...
Guinea is in talks with China International Water & Electric Corp. to build a $2 billion hydro-power dam that would almost double the West African country’s energy output, providing new capacity for the expansion of bauxite processing, said Lansana Fofana, an energy ministry official. The...
