Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the “Project”), announced that it has received the aggregate first deferred subscription payment from its joint venture partners of approximately $42.2 million. The payment has been placed [...]
Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the “Project”), announced that the joint venture has approved an extension and increase to the interim Project budget through September of $30.9 million (including $5 million in [...]
Navasota Resources Ltd. is pleased to report that aircore drilling on the Telimele and Gaoual (”AMIG”) permits of its Koba Bauxite Project located in the Boke Bauxite Belt of northwestern Guinea, West Africa, continues to progress well.
As of May 29, 2008, a total of 28,722 metres in 1,630 drill holes have been completed on [...]
ALBA is seeking more than $1 billion (BD378 million) in damages from a US corporation it has accused of corruption, it has emerged.
Court documents obtained by the GDN allege the company paid exorbitant prices for alumina, amounting to hundreds of millions of dollars and which continue to accumulate today.
They state the ‘outrageous’ 15-year fraud [...]
Reserves of uranium have been found in the west African country of Guinea by Australian mining company Murchison United NL, Guinean Mines and Geology Minister Ahmad Kante announced.
The discovery resulted from analysis of samples taken from the Firawa site at Kissidougou 600 kilometres (400 miles) southeast of the capital Conakry, the minister told an AFP [...]
Japan is feeling the heat over sharply rising prices for non-ferrous metals, especially rare metals, which are used in a wide range of high-technology products.
Global competition is intensifying for non-ferrous metals, including copper and lead, as well as for such energy resources as oil, natural gas and uranium. Prices have risen sharply in recent years [...]
United Company RUSAL, the world`s largest aluminium producer, is considering mining the raw material bauxite in Mozambique, Interfax news agency reported, citing a Russian government official.
Officials from RUSAL held discussions in December about developing bauxite reserves in the African country, Interfax quoted Mikhail Kamyshin, official representative of Russia`s foreign ministry, as saying.
He was speaking ahead [...]
Guinea`s Mines Ministry said the country`s parliament had recommended it renegotiate contracts with a US oil company and a Russian-controlled bauxite producer to obtain better terms for the nation.
Guinea`s new government, appointed in March as part of a deal to end violent strikes and protests in the world`s top bauxite exporter, said last month it [...]
Abu Dhabi government investment agency Mubadala Development said it plans to join state-run Dubai Aluminium to create a company to buy stakes in bauxite mining companies and develop reserves of the ore.
The two companies will set up Emal International to look at acquisitions or developments in countries such as Algeria, Morocco and India, Mubadala’s chief [...]
Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in [...]
