Rusal Officials Discuss Bauxite Mining Investments With Ghana Government
The Ghanian government held talks last week with Russian aluminium giant UC Rusal regarding investing in Ghana’s domestic bauxite industry....
Ghana
Akufo-Addo Administration Reaffirms Commitment To Keeping Ghana Bauxite Company Afloat
Ghana’s Deputy Minister for Lands and Natural Resources in charge of Mining George Mireku Duker went on record last week to reassure workers at Ghana Bauxite Company (GBC) that the Akufo-Addo government will continue to work hard to ensure the firm’s continued...
Ghana Bauxite Company’s Future Thrown Into Doubt After Bosai Minerals Expected Pull Out
China’s Bosai Minerals Group announced earlier this week its departure as an investor at Ghana Bauxite Company (GBC) Limited, throwing...
Ghana’s Bauxite Mining Plans Well Underway: President Akufo-Addo
Ghana’s president announced earlier this week that his government is well into plans to take advantage of the bauxite ore...
Events
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 report published last week quoting the International Monetary Fund (IMF). According to the Natural Resource Governance Institute’s report entitled Resource-Backed Loans: Pitfalls and Potential, the 2018 loan to Ghana’s government from Chinese firm Sinohydro obligates […]
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 by Ghana Integrated Aluminium Development Corporation (GIADEC) on the subject of a joint venture to explore the country for additional bauxite resources would be made by year’s end. Speaking to Ghana’s parliament on Thursday, Akufo-Addo […]
Local Tribal Chiefs Allay Fears Of Harm To Ghana’s Atewa Forest By Proposed Bauxite Mining
Responding to protests against bauxite mining in the Atewa Forest, four of the area’s chiefs and elders released a statement last week condemning such protests and assuring the wider world that the process for agreeing to the proposed mining was honest and transparent. The statement, which was carried by domestic media outlets earlier in the […]
Power Restored To Ghana’s VALCo Smelter After Brief Debt Row
Power is back on at Volta Aluminum Company Limited’s (VALCo) plant in Ghana today after provider Ghana Grid Company Limited (GRIDCo) cut the supply on Monday over VALCo’s outstanding unpaid debt to the firm. The Head of Communications and Public Affairs for Ghana’s Energy Ministry Nana Oppong Damoah confirmed the new state of affairs to […]
Bauxite Mining In Ghana’s Atewa Forest To Be Done In Environmentally Responsible Manner: Akufo-Addo
Ghanaian President Nana Akufo-Addo said late last week that bauxite mining in the Atewa Forest will go forward despite objections from some quarters that such activity may threaten the flora and fauna of the wildlife preserve. Speaking to journalists on Friday, Akufo-Addo said that investors and mining partners for the project will be revealed early […]
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 ...
