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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Alecto Minerals plc, the AIM listed multi-commodity exploration and development company with projects in Ethiopia, Mauritania, and the right to acquire a highly prospective bauxite asset in Guinea,announces that it has raised £1,472,500 by way of a placing of 95,000,000 New Ordinary Shares at 1.55p...
Ex-employees of Guinean bauxite company CBG, a joint venture with Alcoa and Rio Tinto , have ended a railway occupation that was starving its factory of bauxite supplies for processing, company officials said on Monday. The week-long blockade was in protest at what the former staff said was a...
Alecto Minerals plc, the AIM listed exploration and development company with gold and base metal projects in Ethiopia and Mauritania, announces that it has been granted a 30 day extension to its due diligence exclusivity period contained in the option agreement ('the Agreement') relating to the...
A railway occupation by former employees of Guinea's state bauxite company CBG, a joint venture with Alcoa and Rio Tinto, is starving its factory of ore supplies for processing, senior company officials told Reuters on Wednesday. "It has prevented us from supplying the factory since Monday," said...
Global Alumina Corporation, a organization 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 month period ended...
UC RUSAL's Friguia alumina refinery in Guinea has not been in production since April 3, despite the suspension of a strike at the plant late last month, union and company officials said on Friday. Operations at Friguia have been repeatedly disrupted in recent months due to disputes between unions...
Kolberg-Pioneer, Inc. (KPI-JCI) recently hosted representatives of the world’s largest aluminum producer, RUSAL, as the company inspected the KPI-JCI SuperStacker it purchased for use in aluminum mines in Guinea (Western Africa). Dmitriy Dvoynin, head of RUSAL International Alumina Division...
A SECRETIVE group of Chinese tycoons is plotting to take away the world's largest undeveloped iron ore project from Rio Tinto. The swoop by China International Fund (CIF), set up by a syndicate of Hong Kong traders and Sonangol, Angola's state oil monopoly, is the latest turn in the fight over...
Anglo Aluminum Corp. (TSXV:ALU) says it plans to spin off its Mamou-Dalaba bauxite permits into a new publicly listed company to be called Africa Bauxite Corp. The four permits that make up the Mamou-Dalaba project cover about 1,800 square kilometres in southwest Guinea. Anglo Aluminum said the...
Anglo Aluminum Corp. ("Anglo") (TSX VENTURE:ALU) announces that it intends to reorganize its business by transferring all of the issued and outstanding shares of its wholly- owned subsidiary, Société Guinéenne de Fer et de Bauxite ("SGFB"), a company incorporated under the laws of the Republic of...
South Africans are spearheading a new bauxite thrust in Guinea, which hosts a quarter of the world’s bauxite reserves. Adonis Pouroulis, better known as the initiator of Petra Diamonds – now listed on the main board of the London Stock Exchange – is leading Alufer Mining Limited’s thrust from...
Alufer Mining is laying the groundwork for a listing on the AIM market that will value the Guinea-focused bauxite specialist at between US$150 and US$200 million. As part of the float, which is expected to take place in the next four to five weeks, the company is raising US$40 million. The cash...
Employees at UC RUSAL's Friguia alumina refinery in Guinea have gone on strike, paralysing operations there, a union member and two other employees told Reuters, but the company said production losses would be "insignificant". Kabinet Barry, a spokesman for the worker's union, said their demands...
Global Alumina Corporation CA:GLA.U +7.89% (the "Company" or "Global Alumina"), 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...
Angola's $500 million plan to build a bauxite mine and deepwater port in Guinea Bissau has stalled, with nearly no work done since the project was officially inaugurated in July 2011, officials said. The project, first signalled by Angola in 2008 after it won rights to a mining concession in the...
Reuters reported that Guinea has opened contacts with United Arab Emirates investment fund Mubadala over a possible stake in its CBG bauxite JV with Alcoa and Rio Tinto. Mr Mohamed Lamine Fofana mines minister of Guinea said that Guinea, the world's largest exporter of the raw material of aluminium...
Abu Dhabi’s Mubadala Development Co. plans to begin evaluating Guinea’s state-owned bauxite producer Cie des Bauxites de Guinee, according to a government official. Guinea is seeking a $300 million investment to expand production, Mines Minister Mohamed Lamine Fofana told reporters today in...
GIA announces the release of a comprehensive global report on Bauxite and Alumina markets. The global market for Bauxite and Alumina is forecast to reach 211.3 and 76.2 million metric tons, respectively, by the year 2017. With global economy on the growth path post recession, both production and...
