Africa

EGA Shipped Over 6.1 Million DMT Of Bauxite Ore From Guinea Over Past Year

EGA Shipped Over 6.1 Million DMT Of Bauxite Ore From Guinea Over Past Year

Emirates Global Aluminium PJSC (EGA) celebrated the year that has passed since the maiden bauxite export left from the facilities of its wholly-owned subsidiary Guinea Alumina Corporation. Since the beginning of production at the site, the subsidiary has exported more than 6.1...

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 […]

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 […]