Africa

South32’s Profit Rises By 35 Percent In FY 19-20’s Front Half

South32’s Profit Rises By 35 Percent In FY 19-20’s Front Half

Australian metals miner South32 Limited released results for the first half of FY 2018-19 on Thursday, turning in production numbers essentially level with previous periods but respectable growth in financial returns. In the fiscal year’s first half the firm reported revenue of...

Events

Construction at UAE’s Guinea Mine Achieves 75 Percent Completion

UAE aluminium smelter Emirates Global Aluminium PJSC (EGA) announced late last week that construction at its bauxite mining project in Guinea has achieved 75 percent completion. The US$1.4-billion project, which is being built by EGA’s subsidiary Guinea Alumina Corporation, represents the largest greenfield investment in Guinea in 40 years. Employing 3,000 workers, the project is […]

Guinean President Presides Over Official Opening Of Alufer’s Bel Air Mine

With Guinean President Alpha Conde and other dignitaries looking on, bauxite miner Alufer Mining Limited officially opened its Bel Air Mine late last week. Among the other dignitaries in attendance was Guinea’s Minister of Mines, Guinean parliament members, American and British ambassadors, and local politicians. Though the ceremony marks the official opening of the mine, […]

SMB And Winning Shipping Ink Agreement With Guinean Government Over Country’s First Alumina Refinery

Guinean miner Societe Miniere de Boke (SMB) and Singaporean shipping titan Winning Shipping signed an agreement with the Guinean government on Monday to construct the nation’s first-ever alumina refinery. The consortium said in a statement released yesterday that the refinery, with an expected nameplate capacity of 1 million metric tons per annum, will begin construction […]

Alufer’s First Shipment Of Guinean Bauxite Ore Arrives In China

Bauxite miner Alufer Mining Limited announced last week the safe arrival of the firm’s inaugural Capesize shipment of bauxite from its Bel Air Mine in Guinea to the port of Qingdao in the People’s Republic of China. The 203,009-metric-ton shipment was purchased by Chalco Shandong, a subsidiary of the Aluminium Company of China Limited (Chalco), […]