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...
Ghana
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...
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 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...
Events
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 reserves in the eastern reaches of his country. In a speech delivered while touring the region President Nana Addo Dankwa Akufo-Addo said that the government-owned Ghana Integrated Aluminium Development Corporation (GIADEC) is working toward bauxite […]
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 […]
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 ...
