Africa

Chalco Announces US$164 MM Investment in Guinea’s Boffa Bauxite Mine

Chalco Announces US$164 MM Investment in Guinea’s Boffa Bauxite Mine

Aluminum Corp. of China (Chalco) announced late last week a plan to invest US$164 million in a bauxite ore mine in Guinea. Domestic media reported yesterday the plan to invest in the Boffa bauxite project, which is the site of an estimated...

Events

Rusal Plans First Bauxite Production at Guinea’s Dian Dian Mine By Month’s End

Russian Federation aluminium giant U.C. Rusal will commence bauxite mining in the West African state of Guinea by month’s end, according to statements made to the Russian press by company president Vladislav Soloviev earlier this week. Soloviev continued by specifying that the volume of bauxite ore mined from the deposit at Dian Dian would be […]

Nalco Mulling Move Into Guinea’s Bauxite Trade

Reporting from domestic media indicates that India’s National Aluminium Company Limited (Nalco) is investigating the possibility of gaining a foothold in the significant bauxite ore assets in the West African country of Guinea. Chairman and managing director Tapan Kumar Chand told an Indian newspaper earlier this week that bauxite mining may not be the only […]

New Round of Riots in Guinea Impede Bauxite Shipments

Violent protests have again rocked several cities in the western African nation of Guinea, disrupting bauxite ore shipments from the country in the process. The late unrest was touched off by the government’s failure to publish the results of an election last month the ruling party says it won. Riots erupted in the capitol city […]

Rusal and Nigerian Government Come to Terms on Joint Ownership of Alscon

The Nigerian government and Russian Federation aluminium giant U. C. Rusal reached an agreement regarding the sale of the Aluminium Smelter Co. of Nigeria (Alscon). The out-of-court agreement ends ten years of uncertainty between the two parties over the plant’s ownership and future. According to Reuters, Rusal and Nigeria’s mines ministry agreed to a split […]

Chinese Firm to Invest US$2.8 Billion in Guinean Bauxite Operation

The Republic of Guinea’s mining ministry disclosed yesterday its approval of a US$2.8-billion investment in a fully-integrated aluminium operation around a domestic bauxite mine by the Chinese transformer-production firm Tebian Electric Apparatus Stock Co., Ltd. (TBEA). According to secretary-general of the mines ministry Saadou Nimaga elaborated by saying that the mine is expected to begin […]