Africa

Public Business Minister Urges Haste for Egypt Aluminum’s Expansion Plans

Public Business Minister Urges Haste for Egypt Aluminum’s Expansion Plans

Egypt’s Minister of the Public Business Sector Asharaf El Sharkawy called upon state-owned Egypt Aluminum to slash the time the firm plans to take prior to launch its planned development project once feasibility studies have been completed. Per a report released by...

Events

Unrest Halts Bauxite Operations in Guinean Port City Kamsar

Rioting has again taken hold of the Guinean port city of Kamsar, blocking roads and rails and disrupting bauxite mining operations. State agencies and Companie Bauxite de Guinee (CBG) officials confirmed the reports, saying that the unrest has caused the company’s bauxite operations to grind to a halt on Tuesday. According to reports, protesters barricaded […]

China to Loan Guinea US$20 Billion for Access to Bauxite Reserves

The Republic of Guinea will be the recipient of a US$20 billion loan from the People’s Republic of China in exchange for concessions on its significant bauxite ore reserves. According to reporting yesterday by Reuters, the loan will be disbursed over twenty years. The loan will be guaranteed by in-country projects 125 miles northeast of […]

Chalco to Invest in US$500 Million Bauxite Project in Guinea

The government of the Republic of Guinea announced earlier this week that the People’s Republic of China’s Aluminum Corporation of China Limited (Chalco) will be investing US$500 million in a bauxite ore project in the country. The Guinean government secured the deal after a visit to Beijing by Guinea’s mines minister Abdoulaye Magassouba. It is […]

South African Firm Develops First Domestically-Manufactured Specialty Aluminium Valve

A South African firm, in collaboration with the country’s government, has developed a new aluminium butterfly valve for use on electrical power transformers. Paltechnologies (Paltech) and the Council for Scientific and Industrial Research (CSIR) partnered on the project to develop a standard 80 mm aluminium butterfly valve, which is designed specifically to handle transformer cooling. […]

China Pledges US$15BN to Ghana for Development of Bauxite Resources

In an agreement characterized by government officials as a joint venture between the two countries, the People’s Republic of China has pledged a US$15-billion loan to the government of Ghana for, in part, the construction of bauxite-processing facilities. In remarks made to the media by Economic Adviser to the Vice President Dr. Gideon Boako, the […]