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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Street clashes broke out on Sunday in the Guinean industrial town of Fria, home to RUSAL's huge alumina refinery, after local youths armed with knives and guns attacked suspected black market fuel salesmen, witnesses and officials said. At least 20 people were injured in the fighting which ran for...
Guinea secured $2.1 billion in debt relief from the World Bank and the IMF Heavily Indebted Poor Countries (HIPC) initiative, paving the way for accelerated development of the minerals-rich West African state, officials said. The debt relief comes as a vote of international confidence in Guinea's...
Ten tons of medical equipment valued at more than fifty thousand dollars have been dispatched by the International Bauxite and Aluminum Company in Russia (Rusal), following the recent Outbreak of cholera in Sierra Leone. Speaking on the arrangement for the dispatch of the consignment, Sierra...
United Co Rusal could restart the Friguia alumina refinery in Guinea if the government grants it further bauxite concessions, first deputy ceo Vladislav Soloviev told Metal Bulletin. “Among our working refineries, Friguia is the most expensive in terms of production costs. We incurred losses in the...
Guinea's biggest mining town is stuck in desperate limbo as its key aluminium plant remains shut five months after a pay dispute saw Russian owners abandon their posts for security reasons. "We're living through the end of Guinea's most famous mine," said trade union activist Mamadi Kourouma in the...
Labour unions in Guinea have called on the government to cancel Rusal’s 2006 contract for the purchase of the country’s Friguia bauxite and alumina complex. Rusal says the demands have no legal ground. The world's largest aluminium producer said on Friday that it intended to protect its ownership...
Guinean labour unions backed by the main worker federation, CNTG, have asked the government to annul a 2006 contract selling the country's Friguia alumina refinery to Russia's UC RUSAL , a union leader said. RUSAL paid $19 million in 2006 for the refinery, a price the current government has said is...
Guinea-Bissau's transitional government said it will renegotiate a deal with Angola Bauxite as the current agreement, signed by a government ousted in an April coup, is unfair. Angola Bauxite, part-owned by the Angolan state, first signed a $500 million plan to build a mine and deepwater port in...
Bauxite Angola has informed the Guinea Bissau government that it is available to re-launch its mining project in the south of the country and continue with construction of the deep water port in Buba, the Angolan company’s assistant communications director said in Bissau Tuesday. At the end of a...
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 today its financial and operating results for the three and six month periods...
THE world's largest mining company has decided to pull out of Guinea weeks after The Sunday Times revealed a backroom deal that gave a shadowy middleman rights to billions of dollars worth of mining assets. BHP Billiton's decision to put its Mount Nimba iron ore project up for sale is a blow for...
Guinea-focused bauxite miner Alufer Mining plans to invest $400 million to develop its Bel Air bauxite project in the Boffa region of the west African state, documents submitted by the company to the country's mines ministry showed on Monday. Alufer said in the documents seen by Reuters that it has...
Global Alumina Corporation announced today that its board of directors have determined the annual general meeting of the Company's shareholders will take place on September 6, 2012. The record date for the determination of shareholders entitled to receive notice of and vote at the annual general...
A slowdown in alumina and diamond production in early 2012 is jeopardizing Guinea's target for securing economic growth of 4.7 percent for the year as a whole, an economy and finance ministry official said on Monday. Guinea, the world's largest exporter of the aluminium ore bauxite, has seen...
A group of South Africans, led by Tokyo Sexwale, has devised a scheme to take over mineral assets and mining concessions in the west African republic of Guinea, which the government plans to renationalize after revoking deals struck by previous Guinean governments. The Sexwale scheme is a growing...
Alecto Minerals plc, the AIM listed multi-commodity exploration and development company with projects in Ethiopia, Mauritania, and an option over a highly prospective bauxite asset in Guinea, announces its audited results for the year ended 31 December 2011 and gives notice of its AGM to be held at...
BHP Billiton may sell its 33.3 per cent stake in Guinea Alumina, as its joint-venture partners seek ways to advance a multi-billion dollar project to mine and process bauxite in Guinea that has suffered repeated delays. It comes as BHP overhauls its international mining assets to focus on...
Bauxite company Alufer has raised US$12 million in a private placing to complete its feasibility project at its flagship Bel Air project in Guinea and meet its cash requirements until next year. The firm postponed its planned listing on London's AIM market because of the poor market conditions, but...
