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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The Port of Huanghua in Hebei province imported 64,000 tonnes of bauxite, valued at $5.69 million, from Guinea for the first time, reported on April 24 by China’s General Administration of Quality Supervision, Inspection and Quarantine. Guinea, in western Africa, is rich in mineral resources, with...
Alufer Mining Ltd., planning to build a $305 million bauxite mine in Guinea, has started interacting with banks, commodity traders and private equity funds to develop their finance of Bel Air project. Danny Keating, the Chief Executive Officer wants to complete the financing of this project by this...
Guinea signed an accord with a unit of Abu Dhabi’s Mubadala Development Co. to build an alumina refinery expected to attract an estimated $5 billion in foreign investment into the West African nation over eight years. Guinea, the world’s largest exporter of bauxite which makes aluminum, signed an...
The Hong Kong listed aluminum giant Chalco said it is transferring its stake in an iron ore venture to its parent company Aluminum Corp of China Ltd., to improve its capital structure. Chalco Hong Kong Ltd plans to dispose 65 percent of an equity interest in Chalco Iron Ore Holding Ltd., to...
The largest alumina refinery in Europe, RUSAL Aughinish, which is located on the Shannon Estuary, plunged into the red last year as it racked up pre-tax losses of $10.4m (€7.68m). The business recorded the loss as revenues at the refinery dipped by $24m, or 2.5pc, from $610.57m to $586m in the 12...
Guinea's 2013 growth target could be undermined by a lack of alumina output in the first half of the year stemming from a prolonged shutdown of RUSAL's 630,000 tonne-per-year Friguia refinery, a finance ministry report said. Work at the refinery was suspended in April 2012 following a labour...
Allen & Overy has advised CPI International Minerals (CPIIM), a wholly owned subsidiary of China Power Investment Corporation, on the conclusion of the mining convention for CPIIM’s world-scale alumina project in the Republic of Guinea. The convention, which was signed in Conakry, the capital, on 6...
China Power Investment Corp. (CPI) entered an agreement with the Guinean government early this month to build a massive aluminium production base in the African country. CPI plans to invest $6 billion in phase one to build a 4 million-tpy alumina plant and supporting facilities, various Chinese...
Emirates Global Aluminium, or EGA, which is under formation, is aiming to become an international aluminium conglomerate with interests from bauxite mining to aluminium refining and carbon production, a top official said. EAG will be an organisation which will comprise of several umbrella companies...
Global Alumina Corporation, announced today that it has settled all of its debts and provided for all of its obligations and has forwarded US$31,021,884.60 of the remaining proceeds relating to the sale of the Guinean refinery project to Computershare Trust Company of Canada, its transfer agent,...
Roy Harvey has been appointed chief operating officer for Alcoa's Global Primary Products (GPP) and will focus on the day-to-day operations at the aluminium giant's 22 aluminum smelters and nine alumina refineries worldwide. Harvey, a member of Alcoa's Executive Council, will also oversee the...
China imported 6.08 million mt of bauxite in June. YTD imports through June totaled 32.71 million mt, up 29.75% YoY, according to China Customs. China’s imports of Indonesian bauxite rose 2.95% YoY to 21.395 million mt in H1, 2013. Imports of Australian bauxite jumped 56.99% YoY to 6.68 million mt,...
Bauxite mining company Alliance Mining Commodities (AMC) earlier this month signed a landmark rail agreement with the government of Guinea, in West Africa, confirming a viable infrastructure solution for its 90%-owned Koumbia Bauxite project in the country. The rail deal follows the completion of...
Dubai Aluminium (Dubal), the owner of the world's largest single-site primary aluminium smelter and Abu Dhabi state investment fund Mubadala have secured the full ownership of Guinea Alumina Corporation (GAC). A leading producer of alumina in West Africa, GAC also mines for the raw material...
Global Alumina Corporation is pleased to announce that it has completed the sale by the Company of all of its interest in Guinea Alumina Corporation, Ltd. to DM GAV Limited, pursuant to the terms of the previously announced share purchase agreement entered into by the Company and DM GAV Limited....
Global Alumina Corporation has announced the results of its annual and special meeting of shareholders held on July 2, 2013. A total of 126,007,004 common shares were represented at the meeting, representing 68.73% of the issued and outstanding common shares of the Company. All matters presented at...
China Customs data show that China imported 6.15 million mt of bauxite in May, down 0.41% YoY. YTD imports through May amounted to 26.72 million mt, up 10.5% YoY. China imported 3.775 million mt of bauxite from Indonesia in May, down 30.9% YoY, and 17.39 million mt during January-May, also down...
The U.S. government said it will work with its counterparts in Guinea on transparency measures in the minerals and mining industry. Guinea is the world leader in the production of bauxite, an aluminum ore, and one of the leading producers of iron ore. The country's mining sector generates more than...
