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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Guinea expects production at aluminium producer Rusal's Fria refinery to restart "within months", thanks to conditions set as part of a deal signed with the Russian group late last year, a senior official said. The 630,000 tonne per year plant has been shut since last April following a labour...
“Guinea’s mining code amendment will be business friendly and will allow bauxite producers to compete internationally”, Mines Minister Mohamed Lamine Fofana said. The country consulted with companies on amendments to the 2011 law to ensure producers remain profitable even though Guinea is further...
Within six years, UC RUSAL plans to develop the largest bauxite deposit in Guinea and to build an alumina refinery. These plans surprised the experts, since the company already has a plant there, the Friquia, which is sitting idle. Professionals in the field think alumina production in Russia, made...
China Power Investment Corporation (CPI) suggested to build an annual production of 4,000 thousand tons alumina refinery in Boffa has obtained permission from Guinea Government. This project was invested about 6 billion dollars totally, including a deepwater port and a power station. The project...
Anglo Aluminum Corp. reports that the Minister of Mines and Geology of the Republic of Guinea, West Africa, has granted, on December 26th, a one year extension to the Koba Koumbia permit held by Anglo's 51% owned subsidiary Amig Navasota Mining International SARL . The permit, comprising two...
United Co. Rusal PLC said Monday it has signed an agreement with the government of the Republic of Guinea to develop the Dian-Dian bauxite deposit, the world's largest. The deal calls for developing the mine to be able to produce up to 3 million tons of bauxite by 2015. Rusal will also complete a...
The government of Guinea on Friday cleared a project by state-owned China Power Investment Corp to invest nearly $6 billion in an alumina refinery in Boffa, some 120 km (75 miles) west of the capital, a statement from the government said. The project for the 4 million tonne per year refinery, which...
Alliance Mining Commodities Limited, has appointed HCF International Advisers Limited as Principal Financial Advisor to the Company. HCF’s mandate is to advise on the raising of equity and project financing to advance the development of the Project. Of particular focus for HCF will be the...
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, announced today that Dubai Aluminium Company Limited ("DUBAL") and MCD Industry Holding Company LLC...
Privately-funded Alliance Mining Commodities has announced it will cost $812 million to develop its Koumbia bauxite project in Guinea, West Africa. The Perth-based miner released the results of its definitive feasibility study for the Koumbia project today, which flagged commencement of production...
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, announced today its financial and operating results for the three and nine month periods ended...
Guinea is focusing a review of its resource contracts on three deals that it says were signed under murky conditions, including an agreement involving one of the world's biggest iron ore deposits, a source close to the review said. They include BSG Resources' deal to obtain half of the giant...
Mubadala and Compagnie des Bauxites de Guinee (CBG) have signed an agreement for the long-term export of bauxite to the UAE. The signing, which took place in Yas Hotel, was attended by General Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed...
Mining giant BHP Billiton would sell its 33.3% interest in the Guinea Alumina joint venture (JV) to it partners for $1. Under the current project shareholders agreement, each of the JV partners – TSX-listed Global Alumina Corporation, Dubai Aluminium Company (Dubal) and MCD Industry Holding Company...
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 , announced today that it has entered into a sale and purchase agreement ("SPA") with the Broken Hill...
Guinea will maintain its 4.8 percent growth forecast for 2012, 0.9 percent higher than the previous year, despite a sharp fall in gold, diamond and alumina production, a report by the finance ministry showed on Tuesday. The mineral-rich West African nation, which relies on mining for about 80...
Mining company Sociedade Mineira de Investimentos Bauxite Angola is interested in the possibility of new shareholders, in order to boost its share capital, says mining engineer Guilherme António. Macauhub News Agency reports that António, who gave the information to Angolan news agency Angop, said...
Tax profits at Rusal Aughinish in Limerick have fallen 80pc to $4.9m (€3.7m). The plant at Aughinish on the Shannon Estuary, which employs 450 staff, is Europe's biggest alumina refinery. Profits are down on rising costs, which have squeezed margins at the plant from 5pc to just 1.4pc. The...
