Government to establish Aluminum Development Authority

Pulse - May 20th, 2017

President Nana Akufo-Addo has said cabinet will submit a bill to parliament this fall to establish the Aluminum Development Authority.

Speaking to the Ghanaian community in Guinea, Conakry, the president said Ghana needs “an integrated aluminum industry in Ghana – right from the mining of the bauxite to alumina, and the refining of alumina into aluminum.”

Describing aluminum as “the metal of the future,” Akufo-Addo said the aluminum authority will be responsible for putting together the whole of the infrastructure that is required for the exploitation of the country’s bauxite resources at Nyinahin and Kyebi.

“Aluminum is the metal of the future, and we have substantial quantities of the raw material in our country. We need a strategy that will ensure value-addition, and not just exporting it in its raw form. There is no future in the export of our raw materials. But, that, we must add value inside our country, create jobs, and at the end of the process we will have aluminum,” he said.

Beijing Shuttered 320,000 MT/Year in Aluminium Capacity in 2016: Information Ministry

Aluminium Insider - May 12th, 2017

The People’s Republic of China’s aluminium sector shed 320 thousand metric tons per year of aluminium capacity in 2016 according to an announcement on the country’s Ministry of Industry and Information Technology website that was published on Wednesday.

The rationale behind the closings is to ease overcapacity in those markets, to save energy, and to cut the country’s overall emissions according to the ministry. In addition, the ministry confirmed that such cuts, which targeted outdated and obsolete capacity, were part of an overall strategy by the government to effect supply-side reform in those sectors.

Iran, Guinea agree on bauxite production

Menafn - May 10th, 2017

Iran and #Guinea agreed on a proposal to jointly produce bauxite (primary material for production of aluminium) from mines in the African country and its supply to Iran.

The proposal including a feasibility study was approved by Mehdi Karbasian, head of the #Iran Mines, Mining Industries Development and Renovation Organization (IMIDRO), and Abdoulaye Magassouba, mines and geology minister of Guinea, IMIDRO reported.

The two parties also agreed on cooperation on terms and financing of the project.

Iran owns 51 percent of Societe des Bauxites de Dabola-Tougue Company and will be authorized to extract bauxite in an area of 5,684 square kilometers, according to the agreement.

The mines bauxite reserves are 00 million tons and are of vital importance for Irans aluminium projects in the long term.

Upon the agreement, the two sides have undertaken to do their utmost to remove obstacles and limitations to SBDT Companys project.

Based on the approved roadmap, annually 4 million tons of bauxite will be extracted from the mine and transferred to southern #Iran for production of alumina powder.

Alumina is a refined version of the raw ore bauxite. It is typically used to make aluminium, but in its high purity or 'chemical grade' form, it has non-metal applications that have sensitive military uses.

Irans aluminium ingot production capacity stands at 487,000 tons per year. The figure is planned to reach 823,000 tons by 2020.

Strong Aluminium, Alumina Production Boost Ma’aden’s Q1 Numbers

Aluminium Insider - May 9th, 2017

Riyadh’s Saudi Arabian Mining Company (Ma’aden) turned in strong financial numbers last quarter thanks in large part due to significant strides in aluminium and alumina production, coupled with the recovery of global aluminium prices.

Ma’aden turned out 369 thousand metric tons of alumina in the quarter, a 5% increase over the previous quarter. The firm exported 300 thousand metric tons of the mineral in the quarter, significant due to the fact that the company now produces more than it can use. Ma’aden says it expects production levels to continue to rise over the course of the current year.

The firm produced 228 thousand metric tons of primary aluminium in the quarter, 5% more than the last quarter’s total, and a 4% increase year-on-year. Ma’aden chalks up the increase due to strides made in production efficiency and a greater volume of scrap processed through its recycling facilities. Cash costs fell substantially in the quarter thanks to an increase in production volume, lower fixed costs, lower levels of raw material consumption, and a lower cost of alumina.

Alpart To Build Second Bauxite Plant

Jamaica Gleaner - May 5th, 2017

Finance Minister Audley Shaw says the owners of bauxite company Alpart are to build a second alumina plant.

Shaw made the disclosure at a town hall meeting last night in Ocho Rios, St Ann.

He said the plant is expected to produce 2,000 metric tonnes of bauxite per year.

When the new plant comes on stream, the company will have a combined output of 3,600 metric tonnes per year.

Shaw further said the owners of Alpart are also to build a plant that will produce aluminium foil.

He said 700 people have already received jobs with the reopening of Alpart and thousands more will be added when the new plants are built.