Africa

Africa Finance Corp to Invest US$205 MM in Guinean Bauxite Mine

Africa Finance Corp to Invest US$205 MM in Guinean Bauxite Mine

Africa Finance Corporation (AFC) announced last week that it is planning to invest US$205 million in Alufer Mining’s bauxite mining project in Guinea. Oliver Andrews, AFC’s chief finance officer, cited the global rise in in aluminium demand as the rationale for investing...

Events

Ghanaian Presidential Challenger Promises Domestic Aluminium Industry

Ghanaian opposition presidential candidate Nana Addo Dankwa Akufo-Addo told voters this week that the government would begin to take advantage of its bauxite ore deposits by initiating a domestic aluminium industry. “The time has come for us to move our industrial development forward,” said the New Patriotic Party (NPP) candidate, adding that mining the ore […]

Anglo-African Minerals to Join with Chinese Firms in Guinea Bauxite Project

Irish exploration firm Anglo-African Minerals recently announced a €200 million joint venture with China New Era Group and China Geo-Engineering Corporation to begin mining bauxite in Guinea. Tipperary’s Anglo-African, which has had a presence in the country since 1998, owns four bauxite licenses in Guinea. The firm has signed an agreement that the outcroppings, covering […]

South32 Not Planning to Restart Idled Aluminium Capacity Before 2018

Australian metals miner South32 indicated on Thursday that it does not expect to reopen idled capacity at its aluminium and manganese operations in southern Africa in the course of the next two years. The firm idled the capacity in question due to a combination of depressed prices and an unreliable power supply in the region. […]

Fluor Wins Guinea Bauxite Expansion Contract

American multinational engineering and construction firm Fluor Corporation announced yesterday that it has been awarded an engineering, procurement and construction management contract for Compagnie des Bauxites de Guinée’s (CBG) Bauxite Production Expansion Project in Kamsar, Guinea. The firm says the contract will be worth US$501 million. The project in question will expand production by four […]

South African Firm Hulamin Reports Strong Performance for First Half of 2016

South African rolled and extruded aluminium producer Hulamin released unaudited half-year results for 2016 on Monday, turning in strong numbers for the period. Although the company described market conditions as soft, Hulamin fell just short of doubling the previous year’s entire profits, posting a US$10.57 million result for the first half of this year compared […]