IMF Says Collateral At Risk In Bauxite-Backed Loan From Sinohydro To Ghana
Repayment of a US$2-billion loan backed by a portion of Ghana’s bauxite reserves may be defaulted upon according to a...
Africa
GAC Provides COVID-19 Aid To Guinean People Via Hundreds Of Temporary Jobs
Emirates Global Aluminium PJSC (EGA) announced last week that its subsidiary Guinea Alumina Corporation has begun to offer support for the Boke region to ease the suffering caused by the current coronavirus pandemic. EGA said that subsidiary GAC is sponsoring the production...
Ghana To Decide On New Bauxite Joint Partnership By Year’s End: President Akufo-Addo
In the course of the Ghanaian president’s state of the union address last week, Nana Akufo-Addo revealed that the decision...
Local Tribal Chiefs Allay Fears Of Harm To Ghana’s Atewa Forest By Proposed Bauxite Mining
Responding to protests against bauxite mining in the Atewa Forest, four of the area’s chiefs and elders released a statement...
Events
Emirates Global Aluminium Ships One Millionth Metric Ton Of Bauxite Ore From Guinea Operations
Emirates Global Aluminium PJSC (EGA) announced last week that its subsidiary Guinea Alumina Corporation has shipped one million metric tons of bauxite ore from the west African nation since production began in August. Per the firm, the US$1.4-billion project is continuing to ramp up production at the site. Though they did not mention the project’s […]
Chalco Ships First Bauxite From Boffa Mines In Guinea
Aluminum Corp of China Ltd (Chalco) earlier this week commenced the first shipment of its inaugural batch of bauxite ore from mines in the West African country of Guinea. According to a Chinese ship-tracking website, the first 55 thousand metric tons of bauxite from the project left port on Sunday secured in the cargo holds […]
Power Restored To Ghana’s VALCo Smelter After Brief Debt Row
Power is back on at Volta Aluminum Company Limited’s (VALCo) plant in Ghana today after provider Ghana Grid Company Limited (GRIDCo) cut the supply on Monday over VALCo’s outstanding unpaid debt to the firm. The Head of Communications and Public Affairs for Ghana’s Energy Ministry Nana Oppong Damoah confirmed the new state of affairs to […]
Bauxite Mining In Ghana’s Atewa Forest To Be Done In Environmentally Responsible Manner: Akufo-Addo
Ghanaian President Nana Akufo-Addo said late last week that bauxite mining in the Atewa Forest will go forward despite objections from some quarters that such activity may threaten the flora and fauna of the wildlife preserve. Speaking to journalists on Friday, Akufo-Addo said that investors and mining partners for the project will be revealed early […]
Citic Dicastal Opens Second Moroccan Aluminium Alloy Wheel Plant In Kenitra
The People’s Republic of China’s aluminium alloy wheel producer Citic Dicastal commissioned a €350-million manufacturing plant in Northern Morocco last week. The plant’s opening was the second this year by Citic Dicastal in as many years in the North African country. The second product of a project entitled Citic Dicastal Africa, the 7.4-acre plant will […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
