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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Former workers at RUSAL's alumina refinery in Guinea have blocked a railway line from the plant in a protest over back payments, a company source and a spokesman for the former workers told Reuters on Monday. It was the second time this month that the former workers blocked the railway line from...
Alumina production in Guinea,also the world’s top supplier of aluminum ore bauxite,rose 31.7 percent to 384,000 tonnes,the government said in a report released on Thursday. Guinea’s economy relies heavily on its mining sector, and its rich resources have drawn billions of dollars in investments...
Aluminum Corp of China (Chinalco), the country's top aluminium producer,hopes to develop bauxite mines in Guinea, the world's top exporter of the raw material. Luo Jianchuan, a senior official at Chinalco and president of Chinalco's listed unit, Aluminum Corp of China Ltd (Chalco) discussed the...
Guinea has asked state-owned China Power Investment (CPI) to build a 340 MW coal-fired power plant in the electricity-starved west African state, its mines minister said. The project is part of ongoing negotiations between Guinea and CPI over the potential development of a bauxite mine in Boffa and...
Guinea's CBG halted bauxite exports on Sunday afternoon after repairs to a conveyor belt used to load ships failed, a company source told. The company's exports had restarted from a week-long shutdown earlier in the day after repairs to the conveyor were completed, but the staples the company had...
Compagnie des Bauxites de Guinee, which is owned by the West African nation, Rio Tinto Plc (RIO) and Alcoa Inc., expects to resume exports of the ore used in aluminum “this evening or tomorrow,” said Director General Kemoko Toure. Shipments were halted Sept. 12 after a conveyor was damaged, he said...
Guinea's new mining code will curb corruption and make more money available for development, Prime Minister Mohamed Said Fofana has said. The code gives the government a free 15% share in mining companies and demands greater financial transparency. Guinea, despite being the world's main exporter of...
Development experts say Guinea's new mining code may be its best chance to ensure the world's largest supplier of aluminum ore gets a fair share of the profits. The question: will the new law be enforced? Last week, the most mineral rich country this side of the Congo signed into action 106 pages...
United Co. Rusal, the largest maker of aluminum, said changes to Guinea's mining laws mean investors will find it "senseless" to agree on new projects for the country, the biggest exporter of the metal's main ingredient. Rusal's current concession to develop the Dian Dian bauxite deposit and...
Late last week Guinea's government announced adoption of a new mining code allowing it to increase its participation in projects run by commodities companies operating in the country to 35% from the previous 15%, to boost revenues from the country's rich bauxite resources. However, it's still...
Lawmakers in Guinea, the world’s biggest exporter of bauxite, adopted a new mining code that will give the West African nation a 35 percent stake in commodity companies. “The code gives a correction to the old one for Guinea’s interests,” Mines Minister Lamine Fofana told reporters after the policy...
BHP Billiton is spending money hand over fist expanding its global production capacity. But the big spending stops when it comes to an alumina project in Guinea where the company and its Canadian and Middle Eastern partners have all but stopped work on a $US5.2 billion ($A4.9 billion) alumina...
Aluminum producers active in Guinea should meet to discuss the implications of the country's new mining code, a senior executive at Russia's United Co. Rusal PLC (0486.HK) said Thursday. "It's too early to know what the new mining code might mean, but there are some issues that are worrying...
Operations at RUSAL's Friguia alumina refinery in Guinea have returned to normal after a protest by former workers blocked rail shipments from the plant, a spokesperson for the company said on Thursday. "The situation has been resolved through negotiations," the spokesperson said.
Former workers at RUSAL's Friguia alumina refinery in Guinea have blocked the company's rail shipments to port for two days by sitting on the tracks, protesters and a source with knowledge of RUSAL's Guinea operations told Reuters on Wednesday. The retired workers said they are owed money by RUSAL,...
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...
Guinea's draft mining code, in which the government plans to more than double its stake in mining projects, has been sent to the country's transitional law-making body for debate and adoption, a member of the council said on Wednesday. "The mining code is currently confidential. We have the next 10...
Guinea is in advanced talks with state-owned China Power Investment to build an alumina refinery, deep water port and a power plant in the West African state, Guinean government sources said. One source, who asked not to be named, said the project, which is in Boffa, some 120 km (75 miles) west of...
