Lindian Resources Advances Gaoual Bauxite Project with MOU
Lindian Resources is set to commercialize its Gaoual bauxite project in Guinea, signing a memorandum of understanding (MOU) for a...
Guinea
Aughinish Alumina Reports Significant Loss Amid Market Challenges
In a striking financial turn, Aughinish Alumina, a Russian-owned metal smelting company based in Limerick, Ireland, reported a substantial loss of US$167 million (€153 million) last year. This figure marks a decrease from the US$378 million loss recorded in 2021. Owned by...
Guinea Alumina and Electricité de Guinée Ink Agreement On Sustainable Electricity Supply
Emirates Global Aluminium (EGA) affiliate Guinea Alumina Corporation (GAC) and Electricité de Guinée (EDG) signed an agreement to guarantee a...
CBG Says Alumina Refining In Guinea Is Possible If The Conditions Are Right
A Guinean state-owned bauxite miner said last week that domestic alumina refineries are possible in the near future, but they...
Events
Guinean Government Extends Deadline For Alumina Refinery Plans After None Are Submitted
The Guinean government has extended the deadline for bauxite firms to present plans for construction of in-country alumina refineries by another ten days last week, pushing back a deadline that lapsed at the end of last month. According to the country’s ruling junta, part of the rationale for the extension is a lack of interest […]
Strikers At Rusal’s COBAD Bauxite Mine In Guinea Win Concessions On Pay And Working Conditions
A strike at Russian aluminium firm UC Rusal’s Guinea operation Compagnie des Bauxites de Dian-Dian (COBAD) concluded last week after a week and labor’s concessions on salary and working conditions. The COBAD strike, which commenced on 26 May, sought a bump in pay as well as certain improvements to the mine for the benefit of […]
Workers At Rusal Mine In Guinea Declare Strike
Russian aluminium giant Rusal said earlier this week that a strike at its Compagnie des Bauxites de Dian Dian (COBAD) operation is illegal. Union leaders at COBAD said operations at the plant have come to a halt in protest of the working conditions and pay at the site. Union leader Yamoussa Bangoura told Reuters that […]
Guinean Government Seeks Bauxite Miners’ Plans For Domestic Alumina Refineries
The Guinean government last week asked companies operating bauxite mining operations to present plans for refining alumina within its borders by May of this year. The interim government that took power via coup in September has opted to take a harder line against foreign corporations mining in Guinea, reversing the previous government’s friendly attitude to […]
EGA Inks Bauxite Supply Agreement With Bosai Minerals Group
Emirates Global Aluminium PJSC (EGA) announced this week the signing of a three-year agreement with China’s Bosai Minerals Group to supply the firm with bauxite ore from its operations in the West African state of Guinea. EGA did not give specific details of the agreement, indicating only that it would supply “several million tonnes” of […]
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 ...
