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Billionaire Friedland close to deal with BHP on Guinea iron-ore

By: Bloomberg     17th May 2019 Billionaire mining investor Robert Friedland is close to a deal to take over an iron-ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation. Friedland is in advanced talks with BHP, Newmont Goldcorp and Areva, that will see him move to develop the... 

AngloGold embarking on process to dispose of South African assets  

By: Martin Creamer     9th May 2019 Iconic South African gold-mining company AngloGold Ashanti said on Thursday that it was embarking on a process to review divestment options for its remaining South African assets. The company, headed by CEO Kelvin Dushnisky, said the process would consider all ownership options, with a view to... 

Australia, Guinea, Indonesia to lead bauxite mining up to 2029

By: Marleny Arnoldi     7th May 2019 Following a decline in global bauxite production in 2018, consultancy company Fitch Solutions says global bauxite production this year is being driven by new projects coming on line in Guinea and Australia, as well as a ramp-up in production in India and Indonesia. Australia holds 12 of the 29... 

Nordgold increases Lefa mine investment

By: Simone Liedtke     29th April 2019 Diversified gold producer Nordgold has completed a significant investment programme at its Guinea-based Lefa mine. Capital expenditure in 2018, which was designed to both improve efficiencies at Lefa, while also extending its life-of-mine, increased to more than $70-million, from $48-million in... 

Guinea boosts power output to foster bauxite refining

By: Reuters     29th April 2019 Guinea expects to boost its energy production capacity by nearly four-fold over the next six years as it pushes mining companies to refine their bauxite output locally, the energy minister said on Friday. The West African nation, Africa's biggest producer of the aluminium ore, is in the midst of... 

Brazilian miner Vale files $2bn lawsuit over Guinea project

By: Reuters     24th April 2019 Brazilian miner Vale said on Wednesday it has filed a lawsuit in the United States to force BSG Resources (BSGR) to pay it about $1.25-billion, as mandated by an arbitrator in a dispute over a joint venture in Guinea, plus interest and expenses. Earlier this month, Vale said an arbitration court... 

Gold worth billions smuggled out of Africa

By: Reuters     24th April 2019 Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found. Customs data shows that the UAE imported $15.1-billion worth of gold... 

Alufer shifts focus to expansion of Guinea bauxite mine

By: Creamer Media Reporter      24th April 2019 Independent mineral exploration and development company Alufer Mining has started detailed engineering studies for the proposed expansion of production at its Bel Air bauxite mine, in Guinea, to ten-million tonnes a year. The company on Wednesday said operations were on track to produce the... 

Guinea transfers oversight of State mining company to Presidency

By: Bloomberg     23rd April 2019 The office of Guinean President Alpha Conde is assuming oversight of the West African nation’s State-owned mining company in a move that will hand him more authority over the country’s holdings in some of world’s biggest bauxite deposits. The Presidency will take command of Societe Guinneenne du... 

Mick Davis moves closer to iron-ore mining with Liberian deal  

By: Bloomberg     18th April 2019 Mining dealmaker Mick Davis has won permission to export iron-ore from a planned mine in West Africa, adding momentum to the industry veteran’s comeback. Davis, through his new Niron Metals vehicle, has signed an agreement with Liberia that will allow him to use a rail and port to export iron-ore... 

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