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...
Grow with
AL Circle
The Chairman of Sierra Leone Mining and Exploration Company (SLEMCO), Mr. Alieu Mohamed Sesay, is currently marketing Sierra Leone to investors from across the world, as investment friendly destination. At the 18th Bauxite and Alumina Seminar that took place in Miami, Florida, USA from 6th to 8th...
The agreement coincides with a deal to explore new mining opportunities signed by the government of Guinea and a Middle East investment fund, which also employs Mr Blair as an adviser on business matters. That contract potentially opens Mr Blair up to accusations of a conflict of interest — as an...
Alecto Minerals’ (LON:ALO) acquisition of bauxite licence 223 in Guinea could quickly transform the company into a producer, broker Fox-Davies said today. Analyst Peter Rose said the area could potentially host a bauxite resource of over 500 million tonnes and is contiguous to the 3.1 million tonne...
Alecto Minerals (LON:ALO) shares shot up as much as 20 per cent today as it landed an option deal to acquire a new project in Guinea. It can buy a 51 per cent stake in a company called Forward Africa Resources (FAR), which owns a 711 square kilometre bauxite licence in the highly prospective south...
China Henan International Cooperation Group Co Ltd will spend $3 billion to build an alumina refinery in Sangaredi, Guinea, within four years, said Ousmane Kaba, an adviser to the African nation, on Tuesday. Annual production capacity at the site, 350 kilometers northwest of the Guinean capital,...
Alecto Minerals plc, the AIM listed exploration and development company with gold and base metal projects in Ethiopia and Mauritania, is delighted to announce that it has entered into an option agreement (‘the Agreement') relating to the staged acquisition of Forward Africa Resources (‘FAR'), which...
Guinea's bauxite and alumina output rose in 2011, although work stoppages and softening world demand prevented a larger increase in production, the West African state's government said on Monday. Bauxite production rose more than 9 percent to more than 17.5 million tonnes, while alumina output rose...
CAPE TOWN, South Africa—Guinea next month will begin an audit of mining companies operating in the country, which could see some licenses revoked. The country isn't "getting the benefit from its resources," Mines Minister Mohamed Lamine Fofana said on the sidelines of the Indaba mining conference...
Environmentalists have reacted with guarded caution to announcements of new plans to mine more bauxite and iron in Guinea. The plans were released after conclusion of the International Forum on the Mining Sector (FISM) held in this West African country last month. Guinea Ecologie, the only...
Global Alumina Corporation (TSX: GLA.U) (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 today that the joint venture...
BHP Billiton Ltd. plans to halt bauxite exploration at its Boffa-Santou-Houda site in Guinea, the world’s biggest exporter of the ore, after prices for aluminum dropped, said Jean-Francois David, the company’s president in the West African nation. “Explorations are stopped and all the activities...
Bauxite production in Guinea, the world’s biggest exporter of the ore, rose 5.7 percent to 14.3 million metric tons through October, according to the country’s Finance Ministry. Output of alumina increased 5.4 percent to 509,410 tons compared with 483,450 tons in the same period in 2010, the...
Bauxite production in Guinea, the world’s biggest exporter of the ore, rose 5.7 percent to 14.3 million metric tons in the year through October, according to the country’s Finance Ministry. Cocoa also climbed. Output of alumina increased to 509,410 tons compared with 483,450 tons in the same period...
According to a tender published on Guineenews.org, Guinea’s mines ministry issued a call for consultants for its plan to establish a market price for sales of bauxite. The notice said that West African nation wants to set a selling price of bauxite applicable to companies in Guinea. According to...
Global Alumina Corporation (TSX: GLA.U) (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 today that the joint venture...
Guinea’s mines ministry issued a call for consultants for its plan to establish a market price for sales of bauxite, according to a tender published on Guineenews.org. The West African nation wants to set a “selling price of bauxite applicable to companies in Guinea,” the Conakry-based ministry...
Guinea will review mining contracts and cut the size of the armed forces during 2012, President Alpha Conde said in a speech outlining his priorities for his second year in office. The moves are aimed at boosting the West African state's economy and cementing its fragile stability, but if done...
Up until this year, Guinea's well established bauxite industry had been on to a good thing, pumping out bauxite and alumina for the European market and planning major expansions. That picture has since changed dramatically. An overhaul of the Guinea mining code carried out with the input of...
