Glencore in talks with Guinea on alumina, energy
GUINEA is in talks with Glencore over possible investments in alumina refining and energy after the two sides struck a bauxite deal last week, Reuters reported. State-owned Nimba…
Rio Tinto to buy Glencore bauxite project
RIO Tinto has agreed to buy the Aurukun bauxite project in Queensland from Glencore and Mitsubishi Development for an undisclosed sum, Bloomberg reported. The project is close to…
Resolute, Nimba launch Guinea gold venture
Resolute Mining and Guinea’s state-backed Nimba Mining Gold have formed a joint venture to explore and develop gold projects in Guinea, expanding a partnership first announced…
Glencore wins Guinea bauxite offtake deal
GUINEA has selected Glencore Plc as the offtaker for bauxite produced by state-owned Nimba Mining, Bloomberg reports. The appointment followed an international tender, Mines and…
South32’s long road from ‘crapco’ to copper
MATT Daley, the Australian-born CEO of South32, takes over a company far simpler in structure than the demerged assets bequeathed to his compatriot, Graham Kerr. When Kerr made…
South32-Alcoa deal exposes beneficiation myth
THERE are few words in South African economic policy more seductive than “beneficiation”. It has everything: moral uplift, industrial ambition, a pleasingly muscular rhythm and…
South32 waiting for IDC to play hand in Mozal sale
SOUTH32 is waiting for firm proposals from minority shareholders in Mozal Aluminium before progressing recently hatched plans to sell the 370,000 ton a year Mozambique smelter.…
South32 to sell aluminium assets to Alcoa for $4.1bn
SOUTH32 is to sell its aluminium assets, including South Africa’s Hillside facilities but excluding the shuttered Mozal Aluminium in Mozambique, to Canada’s Alcoa for $4.1bn in…
Guinea eyes regional gold refining hub
GUINEA is positioning itself to become a gold refining centre for West Africa, according to mines minister Bouna Sylla, as the region’s producers increasingly look to process…
Guinea bans raw gold exports to force local processing
GUINEA’S military president Mamadi Doumbouya has ordered an immediate halt to raw gold exports, requiring all gold to be refined domestically before leaving the country, said…
Asian energy squeeze drives coal demand surge
COAL is emerging as an increasingly attractive energy alternative for Asian countries scrambling to replace disrupted oil supplies following the effective closure of the Strait…
Simandou iron ore exports surge in ramp-up milestone
IRON ore exports from the Simandou mine in Guinea surged in May hitting 2.2 million tons, sharply above April’s record of 1.3Mt, reports Bloomberg News. The improvement marks a…
Guinea unveils plan to curb bauxite exports after surge
GUINEA is to announce reforms next month aimed at restricting exports of bauxite, Bloomberg News reported on Monday. This comes after a surge in shipments from Guinea – which is…
Chalco plans $1bn Guinea alumina plant
CHINA’S largest state-owned aluminium producer is to invest $1bn in an alumina processing plant in Guinea, marking its first foray into overseas refining as Chinese companies…
Resolute signs gold deal with Guinea’s state miner
RESOLUTE Mining has signed a memorandum of understanding with Guinea’s state-owned Nimba Mining Company to co-develop gold projects in the West African nation. The MoU marks…
Guinea weighs bauxite export quotas amid price slide
GUINEA, the world’s largest bauxite producer, is considering introducing export quotas for mining companies as early as this month, said Reuters on Tuesday, citing sources…
Aluminium surges on Middle East conflict supply fears
ALUMINIUM prices jumped as conflict in the Middle East raised fears over disruption to a critical shipping route used by producers responsible for nearly a tenth of global…
Axis International launches $29bn Guinea arbitration claim
UNITED Arab Emirates-based Axis International has initiated a $29bn arbitration case against Guinea’s government following the revocation of its bauxite mining permit, equipment…
Perseus makes A$2.1bn swoop for Predictive Discovery
PERSEUS Mining sought to add the 292,000 ounce Bankan gold project in Guinea to its growing portfolio of African mines after proposing on Wednesday an all-share offer worth…
Predictive and Robex merge in Guinea gold deal
AUSTRALIAN miner Predictive Discovery and Canada’s Robex Resources will combine operations in a A$2.35bn ($1.55bn) all-share transaction, establishing a mid-tier West African…