Africa

Drop in Guinea’s Expected Economic Growth Blamed on Deadly Bauxite Riots

Drop in Guinea’s Expected Economic Growth Blamed on Deadly Bauxite Riots

Riots this summer in Guinea’s Boké region sent ripples through the African nation’s economy, as the country’s budget minister blamed the unrest on the loss of nearly a full percentage point of forecast economic growth next year. According to comments by Budget...

Events

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 […]

Bauxite the Topic of Recent Meeting Between Mining Ministers from Guinea and Indonesia

Indonesia and Guinea could be setting their sights on establishing ties in the bauxite sector, as evidenced by a meeting earlier this week between ministers of the two country’s relevant ministries. Indonesian media reported the meeting on Thursday, which was between Guinea’s Minister of State for Investment and Public Private Partnership Ibrahima Kassory Fofana and […]