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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Workers at Compagnie des Bauxites de Guinee, which is owned by Rio Tinto Plc (RIO), Alcoa Inc. (AA) and the West African nation’s government, halted a two-day strike to hold wage talks, said union leader Sekou Oumar Ly Diallo. The protest, which has workers calling for a 50 percent pay rise, was...
Global Alumina Corporation announced that the JV board of directors approved additional Project funding of USD 4.6 million for the period December 1st 2011 through December 31st 2011. Global Alumina will be responsible for its one third share of this amount. The JV board had previously approved...
Bauxite production in Guinea, the world’s biggest exporter of the ore, increased 5 percent to 12.7 million metric tons in the first nine months of 2011. This was said in a statement handed to reporters today in Conakry, the capital by the Finance Ministry.
Mubadala Development Company,Abu Dhabi’s strategic investment and development firm, will explore opportunities in sectors such as bauxite,and alumina in the Republic of Guinea. The move follows the signing of collaborative agreements between the government of Republic of Guinea and Mubadala. These...
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 nine month...
Guinea's government plans to change a number of tax clauses in the West African state's newly adopted mining code after discussions with companies and investors, the mines minister said on Wednesday. The minister did not specify what changes would be made but said they were aimed at making the...
Guinea bauxite production was up 3.5 percent over the same period, according to a government report seen by Reuters. Guinea, the world's top exporter of bauxite which usually ships about 13 million tonnes a year, produced 11.2 million tonnes of the aluminium ore between January and August,...
Guinea's alumina production rose 25.5 percent year-on-year in the first eight months of 2011 while output of bauxite was up 3.5 percent over the same period, according to a government report seen by Reuters. The report said RUSAL's Friguia refinery, the country's sole plant, produced 443,000 tonnes...
Global Alumina Corporation (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 board of...
Bauxite exports from Guinea' CBG have resumed, eight days after a breakdown blocked shipments from the West African state, the company told Reuters on Sunday. CBG, a joint-venture between Alcoa , Rio Tinto and the Guinean government, is the world's largest bauxite exporter company with annual...
In the U.S., we recycle because we should. In West Africa, they recycle because they must. In a world where survival trumps going green, the pleasant mantra of reduce, reuse, recycle becomes more of a financial necessity. “Recycling is characteristic of the informal economy,” said Emily Osborn,...
A memorandum of understanding signed between Aim-listed Bellzone and TSX-V-listed Anglo Aluminum Corporation would accelerate the development of resource projects in Guinea, Bellzone CEO Nik Zuks said on Monday. The infrastructure will be developed through Kalia Horizon Minerals (KHM), a CIF...
Bauxite exports from Guinea's CBG have been suspended due to further damage to the machine used to load boats, company and government officials said on Sunday. The suspension follows a previous accident on a conveyor belt last month, which froze exports from the world's top supplier of the aluminum...
THE future of the $1.2 billion (€873m) alumina refinery at Aughinish Alumina has been secured until 2030 at least, with the company commissioning a 195-acre development that has the capacity to hold over 17 million tonnes of bauxite residue or "red mud". The owners of Europe’s largest alumina...
The new Guinean government is set to transform the country's investment climate as it shakes up the civil service and the military, and brings in international advisors to develop radical new development plans. In the immediate future, Guinea's return to growth and export income will be driven by...
Global Alumina Corp (GLA-U.TO) is 2 cents higher in light volume at 91 cents a share after directors in charge of the company's joint venture developing an alumina refinery, mine and associated infrastructure in the Republic of Guinea approved $4.1 million in additional project funding for the...
A railway line used to ship alumina from RUSAL's giant Friguia refinery in Guinea has reopened after the end of a three-day protest by former workers over back pay, a RUSAL source told Reuters on Thursday. "They have been given assurances that the money transfer was already initiated by RUSAL into...
Bauxite or aluminium ore production in Guinea the world's top supplier rose 5.2% year-on-year during the first half of 2011 to 9.7Mt, according to a report released in the capital this week. Guinea's economy relies heavily on its mining sector, and its resource riches have drawn billions of dollars...
