IMF Says Collateral At Risk In Bauxite-Backed Loan From Sinohydro To Ghana
Repayment of a US$2-billion loan backed by a portion of Ghana’s bauxite reserves may be defaulted upon according to a...
Ghana alumina
Ghana Government Seeks Partner For Revitalization Of VALCO Aluminium Smelter
The Ghanian government is actively searching for partners to rehabilitate the aluminium smelter operated by state-owned Volta Aluminum Company (VALCO). Such was the message conveyed by Ghana Lands and Natural Resources minister Samuel Jinapor at the Africa CEO Forum conference earlier this...
Ghana To Decide On New Bauxite Joint Partnership By Year’s End: President Akufo-Addo
In the course of the Ghanaian president’s state of the union address last week, Nana Akufo-Addo revealed that the decision...
Violent Protests Rock Bauxite Mine In SW Ghana
Workers at a bauxite mine in southwest Ghana staged violent protests earlier this week to call attention to poor working...
Events
Infrastructure Improvements Outweigh All Other Concerns Over Bauxite Deal With China – Ghana PM Osei Owusu
Debate continues to rage over the proposed US$2-billion deal between the west African republic of Ghana and the People’s Republic of China that would have China’s Sinohydro Group Limited gain access to Ghana’s significant bauxite resources in exchange for badly-needed infrastructure improvements. Earlier this week Ghana’s First Deputy Speaker of Parliament Joe Osei Owusu told […]
Ghana’s Parliament Soon to Debate Bill Establishing Aluminium and Bauxite Authority
Ghana’s government has taken the next step in what it hopes to be a journey ending at a fully-developed aluminium sector by drafting a bill to be presented to Parliament establishing the Ghana Integrated Aluminium and Bauxite Development Authority. Vice President Alhaji Dr Mahamudu Bawumia spoke on the subject at a regional forum regarding raw […]
National Bauxite Authority to be Established in Months: Ghana’s Akufo-Addo
Ghana’s new president Nana Addo Dankwa Akufo-Addo revealed plans for his government to establish a bauxite and aluminium development authority within the next three months earlier this week. In comments made at the 5th Africa CEO Forum held in Geneva, Switzerland, Akufo-Addo said such a move would help establish a strong aluminium industry in Ghana […]
Ghana to Develop Integrated Aluminium Industry: Mines Minister
The Ghanian Minister of Finance Ken Ofori-Atta told domestic media last week of the government’s intention to fast-track economic development by developing an integrated aluminium industry. Ofori-Atta outlined a six-point plan for developing such an industry: establishing bauxite mines in Awaso, Nyinahin, and Kyebi; building an alumina refinery, most likely in Kyebi; establishing inexpensive and […]
Ghana Seeking Investors for Domestic Aluminium Production
Ghana’s Principal Mining Officer at the Minerals Commission said this week that his country is in search of investors willing to back the mining of the country’s substantial bauxite ore deposits. Jerry Ahadzi, Principal Mining Officer, said that these investors would spearhead the development of the value chain for bauxite in the country. He went […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
