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Africa

Alcoa-Hillside deal supports South Africa’s aluminium industry growth ambitions
Primary AL
Alcoa’s proposed acquisition of South32’s aluminium assets in Australia, Brazil and South Africa is an important development for the global aluminium industry, particularly for South Africa’s primary aluminium production. Aluminium Federation of South Africa (AFSA) CEO, Muzi Manzi, said, “On July 1, South32 signed a binding conditional agreement to sell its aluminium value chain assets…to US-based Alcoa.” The deal was valued at up to USD 5.6 billion and included the Hillside Aluminium smelter ...
Ashapura Minechem Q1 revenue rises 19.22% to ₹16.16bn as Guinea bauxite volumes reach 2.34Mt
Bauxite
Ashapura Minechem reported Q1 FY27 consolidated revenue of INR 16.16 billion (USD 169 million), up 19.22 per cent from a year earlier. Net profit rose 5 per cent to INR 1.15 billion (USD 12 million). Bauxite exports from Guinea increased 14.1 per cent year-on-year to 2.34 million tonnes, compared with 2.05 million tonnes in Q1 FY26. The increase in exports helped drive the higher revenue during the quarter. Ashapura has lowered its FY27 bauxite volume target to 9-11 million tonnes, from the ...

Bauxite
Guinea has signed a new mining agreement with state-owned Nimba Mining Company. This is to restart operations at the former Guinea Alumina Corporation (GAC) bauxite mine and move forward with plans to build an alumina refinery. The agreement, announced by the Guinean presidency on August 3, marks the next stage in the government's plan to revive the bauxite project after withdrawing the mining concession from Guinea Alumina Corporation (GAC). Nimba Mining Company was established in August 202 ...
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