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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Global Alumina Corporation is pleased to announce that the Ministry of Mines and Geology of the Republic of Guinea has issued a No Objection Letter in connection with the previously announced sale by the Company of all of its interests in Guinea Alumina Corporation Limited to DM GAV Limited. The...
Guinea’s ambitious bauxite market is set to be marred by the pull out of foreign investment and its own political unrest. In March, president Alpha Conde pledged to triple production to 61 million metric tons by 2016-17 and account for a quarter of the world's bauxite production by 2020. But...
The government of Guinea said on Wednesday it has given approval to BHP Billiton and Global Alumina to sell their stake in a bauxite and alumina project to Dubai Aluminium Co (Dubal) and Mubadala Development Co. BHP paid $140 million in 2007 for a 33.3 percent stake in the Guinea Alumina Corp...
Global Alumina Corporation announced today that its board of directors has determined the Company will hold an annual general and special meeting of its shareholders on July 2, 2013. The record date for the determination of shareholders entitled to receive notice of and vote at the annual general...
Aluminium and Mubadala said they will acquire the remaining part of Guinea Alumina Corporation they don’t already own, a move that secures long-term access to bauxite used at UAE smelters. The two parties are purchasing the interests in GAC from BHP Billiton and Global Alumina Corporation, the two...
There has been a change to BHP Billiton's long-held plan to exit what was once trumpeted as a $US5.2 billion ($5.29bn) alumina development opportunity in bauxite-rich Guinea. A plan in which BHP would have sold its one-third stake to the original promoter of the alumina project, Canada's Global...
The UAE Dubai Aluminium Group and Mubadala, an investment fund owned by the government of Abu Dhabi, announced on May 16, they will rise to 100% in the capital of Guinea Alumina Corporation (GAC), by purchasing the shares of BHP Billiton and Global Alumina Corporation in society. Dubai Aluminium...
Global Alumina Corporation announced today that it has signed a share purchase agreement with DM GAV Limited, a company established and owned equally by Mubadala Development Company PJSC and Dubai Aluminium, to sell all of Global Alumina's interests in Guinea Alumina Corporation Limited to DM GAV....
Global Alumina Corporation announced today its financial and operating results for the three month period ended March 31, 2013. The text of the quarterly unaudited financial statements and management's discussion and analysis can be viewed or printed from the Company's SEDAR reference page at...
Guinea, the world’s biggest exporter of bauxite, has cut taxes on exports of the mineral to $4 a metric ton from as much as $13 a ton, according to amendments made to the country’s mining code. “We’re putting in place a more flexible tax system to encourage win-win investments,” Mines Minister...
Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the "Project"), announced its financial and operating results for the year ended December 31, 2012. For...
Angola’s Foreign Affairs Minister, Georges Chicoti said on Thursday in Luanda that Angola was still interested in bauxite exploration in Guinea Bissau, but for that to happen there would need to be “a climate of peace.” Chicoti was reacting to recent accusations from the Guinea Bissau government...
Global Alumina Corporation announced today a further update on its efforts to raise capital in order to, among other things, complete the previously-announced proposed acquisition from The Broken Hill Proprietary Company Pty Limited of its one-third interest in the Guinea Alumina joint venture...
The Republic of Guinea has tripled its production capacity of bauxite, from 7% of world bauxite production to 25% in 2020 to strengthen its leadership in bauxite production and processing sector. It is in this sense that the Guinean Minister of Mines and Geology, Mohamed Lamine Fofana, presented to...
Bauxite Angola, the Angolan company that plans to explore bauxite deposits in the East of Guinea Bissau, has done nothing since it signed an exploration contract seven years ago, the Minister for Natural Resources of the Guinea Bissau transitional government said in Bissau. Interviewed by public...
Russian aluminum giant RUSAL has quietly abandoned plans for a multibillion-dollar aluminum smelter in Guinea, according to a government source and documents seen by Reuters on Thursday. RUSAL is trimming its output in the face of weak prices and rising power costs. Its decision adds to a string of...
Global Alumina Corporation announced today an update on its efforts to raise additional capital by way of debt or equity in order to complete the previously-announced proposed acquisition from Broken Hill Proprietary Company Pty Limited of its one-third interest in the Guinea Alumina joint venture...
According to Chinese customs data.the country imported bauxite 5,137,200 tons,which increased 67.59% comparing with the same period a year ago. Based on the detailed analysis of the data ,The import volume from India increased 28.84% year-on-year, rising to 3,039,000 tons, The import volume from...
