Africa

Lindan Survey Of Lelouma Bauxite Project Prompts Higher Estimated Resource Totals

Lindan Survey Of Lelouma Bauxite Project Prompts Higher Estimated Resource Totals

Australian mineral exploration firm Lindian Resources Limited upgraded its estimated resources at its Lelouma Bauxite Project on Tuesday to 900 million metric tons at 45.0% Al2O3and 2.1% SiO2. Earlier this year the firm commenced a new drilling campaign to update the database...

Chalco Soon To Ship First Bauxite Ore From Guinea Project

Aluminum Corporation of China Ltd (Chalco) said late last month that it has begun preparing the first shipment from its bauxite operations in Guinea to China via ocean-going vessel. In a statement given to domestic media, Chalco said the initial shipment would soon arrive at the Fangchenggang port in Guangxi, but the firm did not […]

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 of soaps, facemasks, and other protective equipment by local producers in an effort […]

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 report published last week quoting the International Monetary Fund (IMF). According to the Natural Resource Governance Institute’s report entitled Resource-Backed Loans: Pitfalls and Potential, the 2018 loan to Ghana’s government from Chinese firm Sinohydro obligates […]

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 by Ghana Integrated Aluminium Development Corporation (GIADEC) on the subject of a joint venture to explore the country for additional bauxite resources would be made by year’s end. Speaking to Ghana’s parliament on Thursday, Akufo-Addo […]