Guinea

Nalco Mulling Move Into Guinea’s Bauxite Trade

Nalco Mulling Move Into Guinea’s Bauxite Trade

Reporting from domestic media indicates that India’s National Aluminium Company Limited (Nalco) is investigating the possibility of gaining a foothold in the significant bauxite ore assets in the West African country of Guinea. Chairman and managing director Tapan Kumar Chand told an...

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 […]

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 […]

Guinea Alumina Awards US$700 MM Contract to Fluor

Fluor Corporation announced yesterday that it has been awarded a US$700 million consulting contract by Guinea Alumina Corporation S.A. (GAC) to engineer and manage construction for a major bauxite ore mine in Guinea. The contract will have Fluor managing the development of the mine, expected to yield 12 million metric tons of bauxite ore per […]

Africa Finance Corp to Invest US$205 MM in Guinean Bauxite Mine

Africa Finance Corporation (AFC) announced last week that it is planning to invest US$205 million in Alufer Mining’s bauxite mining project in Guinea. Oliver Andrews, AFC’s chief finance officer, cited the global rise in in aluminium demand as the rationale for investing in the project. His firm also pointed out the Bel Air Mine’s adherence […]

EGA Finishes Preliminary Work on Guinean Bauxite Mine

Abu Dhabi’s Emirates Global Aluminium PJSC announced on Wednesday that it has completed preliminary work on the US$1 billion bauxite mine in Guinea. Belgian marine contractor Jan de Nul finished site infill and elevation of 50 hectares (123.5 acres) of land at the port city of Kamsar, the firm said. The infill project will help […]