Guinea Opens Massive New Bauxite Mine In Boké
Last week Guinea’s prime minister Dr. Bernard Goumou was present for the launch of the 1.5 billion metric ton Koumbia...
Africa
GAC Becomes First Plant In Guinea To Win Aluminium Stewardship Initiative Performance Standard Certification
The Aluminium Stewardship Initiative (ASI) announced this week the certification of Guinea Alumina Corporation SA (GAC) under its Performance Standard V2 (2017). The ASI certification of GAC, a wholly owned subsidiary of Emirates Global Aluminium PJSC (EGA), is the organization’s first-ever certification...
South32 Seeks Nuclear Power Deal With Eskom
Australian metals miner South32 is reportedly in talks with power provider Eskom to purchase nuclear power to run its Hillside...
South32’s Aluminium Operations Take Hit in 2022 Due To Shipping Snarls
Australian metals miner South32 noted in a quarterly filing that its production of aluminium and other minerals were on par...
Events
Canyon Resources Signs MOU With Port Authority Of Douala On Development Of Infrastructure
Perth-based mineral miner Canyon Resources Limited signed a memorandum of understanding (MOU) with Port Authority of Douala this week to develop infrastructure at Port of Douala-Bonabéri in the African country of Cameroon. Per Canyon Resources, the MOU lays out the groundwork upon which Canyon Resources and the Port Authority may partner on developing and upgrading […]
Canyon Resources Receives A$12.1 MM Buy-In For Minim-Martap Bauxite Project From Singaporean Investor
Perth-based mineral miner Canyon Resources Limited announced last week that it has secured a premium A$12.1 million strategic share placement that will aid it in going forward with development of its Minim-Martap bauxite project. Per the firm, the strategic placement will consist of A$12.1 million in shares at A$0.06 per share. The share price represents […]
South African Government Increases Ownership Share Of Mozal Aluminium
The South African government has increased its stake in the largest sub-Saharan aluminium smelter in Africa this week. The Industrial Development Corporation of South Africa (IDC) exercised its pre-emptive rights earlier this week to purchase another 8.445 percent of Mozal Aluminium. IDC purchased the shares from Mitsubishi subsidiary MCA Metals Holding. The sale boosted IDC’s […]
Canyon Resources Reports Positive Sampling Results At Makan Bauxite Permit In Cameroon
Perth-based mineral miner Canyon Resources Limited said last week that initial exploration at its Makan Bauxite Permit has been promising to date, but more samples must be taken before mining operations can begin. Canyon says the Makan Permit has not been as thoroughly explored as its other permit areas, but the aim will be to […]
Ghana Environmental Group Criticizes Bauxite Mining Plan For Atiwa Forest
A Ghanian environmental group is calling upon the country’s government to block bauxite mining at the Atiwa forest and instead declare the land a national park. Last week Daryl Bosu, deputy national director for A ROCHA, told domestic media that the forest had previously been a national park, and the push to return it to […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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 ...
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 ...
