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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Iran and Guinea have resurrected a deal to extract bauxite in the African country after a delay of 25 years and ship it to the Middle East for aluminum production. The project, worth $505 million, includes production for three years over 5,684 square kilometers with combined reserves of 600 million...
China Hongqiao Group began its first shipment of 180,000 tonnes of bauxite from the Port of Boke, Guinea on July 20. China Hongqiao Group, together with other companies, established Boke Mining Company and started port project at the Port of Boke to develop bauxite in Guinea. They have built two...
Guinea has renewed a 25-year agreement with the government of Iran to allow it to start producing bauxite, according to official sources and documents seen by Reuters on Sunday. Iran will hold a 51 percent stake in the project, the Societe des Bauxites de Dabola-Tougue (SBDT), which permits...
Global bauxite reserves were estimated to be 28.1 billion tonnes (bnt) as of January 2015. The production rose on the back of buoyant demand for aluminium in the global market place. In 2014, production of bauxite was 263 million tonnes (mt), down by 3.7 per cent from same period previous year. A...
A Guinean-Chinese consortium, SMB-WAP, has started exporting bauxite from Guinea- the first new market entry in the West African country for 15 year, confirmed government sources. Guinea says it has the world's largest supplies of bauxite, but is ranked fourth in the export rankings. The government...
Guinea plans to increase its bauxite export from the current 17 million tons to 40 million tons per year by the year 2024, the country's Mines and Geology Minister Kerfalla Yansane said Wednesday. In this regard, the Guinean government and several mining companies operating in the country recently...
Guinea Alumina Corporation SA, a mining development company wholly owned by Emirates Global Aluminum PJSC, signed a series of four agreements in Paris, France, with the Government of the Republic of Guinea - the latter represented by the Ministry of Mines and Geology and the National Agency for...
UC RUSAL, a leading global aluminium producer, announces the signing of a Multi-User Operation Agreement (“agreement”) on existing railway infrastructure in the Boke province, Guinea, within the framework of Dian-Dian project. The agreement has been reached between Compagnie de Bauxite et d’Alumine...
China Hongqiao Group, which is poised to surpass Russia's Rusal as the world's biggest aluminium producer, plans to spend 10 billion yuan on building power plants and expanding smelting capacity in China and on projects in Indonesia and Guinea. The Shandong firm aimed to raise its output by 22.5...
Alufer Mining Limited, the bauxite exploration and development company with a portfolio of assets in the Republic of Guinea, West Africa, is pleased to announce that it has closed a US$10 million senior secured Bridge Facility (the "Facility") with Pala Investments Limited ("Pala"), which will fund...
Compagnie des Bauxites de Guinée (CBG), a bauxite miner in Guinea is planning an expansion worth $1 billion to meet the growing demands and increase its production to 23.5 million tons per year by 2018, announced the director general of the firm on Friday. Halco Mining consortium, controlled by...
The first berth of the wharf project co-invested by Shandong Weiqiao Pioneering Group and three other companies is scheduled to open in July this year, cnmn website reported. The project aims to build two bauxite berths, one heavy cargo berth, as well as loading belts. The wharf is designed to...
China's Yantai Port Group, together with three other firms in China, Singapore, and Guinea, invested an undisclosed amount in the port in Boke, Guinea, in West Africa to further develop Guinea's bauxite trade. The three companies are Shandong Weiqiao Pioneering Group, Singapore's Winning...
China Hongqiao Group Limited , the country's second-largest aluminium producer, expects to receive the first shipment of bauxite ore from a joint venture mine in Guinea in September, its Chief Executive Officer Zhang Bo said on Monday. Bauxite is used to produce alumina, the base material for the...
Guinea cancelled a tender for bauxite mining blocks that sources said had been won by a Chinese firm in partnership with figures in President Alpha Conde’s political party. The government did not give any reason on Thursday for cancelling the tender for the blocks in Boffa, some 150 km (93 miles)...
The Company of Guinea Bauxite exhibited an exemplary production performance as a result of the ambitious drive of the senior managers, setting a record of 15,239,218 metric tons of bauxite of 3% moisture in the year 2014 and bringing big smiles on the shareholders’ faces. To celebrate this grand...
The independent maiden inferred mineral resource estimate for the Toubal bauxite deposit, in Guinea, West Africa, has been labelled an important milestone for Irish-registered Anglo-African Minerals (AAM) subsidiary Tougué Bauxite and Alumina Corporation (Toubal). AAM CEO James Lumley said in an...
His Excellency Kerfalla Yansane (Minister of Mines and Geology of the Republic of Guinea), accompanied by His Excellency Hassan Souare (Guinean Ambassador to the UAE), visited Emirates Aluminium Company Limited PJSC (" EMAL ", an operating subsidiary of Emirates Global Aluminium PJSC) on 13...
