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Explained: Why Guinea coup has rattled iron ore and bauxite markets
Thu, 16 Sep 2021 00:00:00 GMT
Last week, special forces soldiers called military junta, ousted Guineas (West Africas mineral-rich country) long-serving president Alpha Conde, immediately casting a shadow of uncertainty over key iron ore and bauxite supplies. The coup was carried out by an elite special forces unit, led by 41-year-old Col. Mamady Doumbouya. The soldiers dissolved the countrys government and closed land and air borders with immediate effect. We have dissolved government and institutions, Doumbouya

AM confirms Liberia iron ore expansion to 15 million mt/year ...
Mon, 13 Sep 2021 00:00:00 GMT
ArcelorMittal and the Republic of Liberia have signed an accord that will allow the steelmaker boost its logistics capability and ramp up its iron ore production in the west African country to 15 million mt/year, with a possibility for further expansion up to 30 million mt/year. Liberia and ArcelorMittal have signed an amendment to a Mineral Development Agreement involving a boost in premium iron ore production, new jobs generation and wider economic benefits for Liberia, the company said in

Guinea coup rattles iron ore and bauxite markets, stokes economic ...
Tue, 07 Sep 2021 00:00:00 GMT
A military junta on Sunday claimed to have seized control in the West African country of Guinea and detained President Alpha Cond, casting uncertainty over key bauxite and iron ore supplies. The coup, carried out by an elite special forces unit led by 41-year-old Colonel Mamady Doumbouya, is the latest in a series of power grabs in the region over the past year, including in nearby Mali and Chad. Doumbouya has claimed the army was forced into action amid rampant corruption, human rights

Ukraine: Interpipe to supply railroad wheels to Mauritania
Tue, 08 Jun 2021 09:48:21 GMT
Interpipe has concluded a 3-year agreement with the Societe Nationale Industrielle et Miniere of Mauritania on the supply of locomotive wheels with the diameter of 1076 mm according to AAR. SNIM is the sole owner of railroad infrastructure with the length of 704 km. The railroad connects the city of Zuerat with the port

Sundance seeks $8.8 bln in damages over Congo iron ore project
Wed, 23 Dec 2020 00:00:00 GMT
Australian miner Sundance Resources said on Monday that it had initiated an arbitration process against Congo Republic for damages of $8.76 billion after the Congolese government revoked its permit for the Nabeba iron ore project. The Nabeba permit is part of Sundances flagship Mbalam-Nabeba project, which straddles the border of Congo and Cameroon. It has yet to begin extracting iron ore. A decree by President Sassou Nguesso published on Dec. 17 in Congos official gazette confirmed the

Australian miners press Congo over seized iron ore projects
Wed, 23 Dec 2020 00:00:00 GMT
Congo Republic has cancelled iron ore projects with three Australian miners, two of the companies said, and handed them to a firm nobody knows anything about, prompting one to seek $8.76 billion in damages from the central African nation. The sudden cancellation sparked alarm among the project owners after years of working closely with the government of Congo Republic. Sundance Resources Ltd and Equatorial Resources Ltd EQX.AX both said this week they had been notified through an official

Ziscosteel 'ghost' can still be brought back to life
Thu, 19 Nov 2020 22:15:00 GMT
THE car suddenly stops by a gate, hidden by the overgrown grass and shrubs. This is one of the many entrances to Ziscosteel's Sinter Plant, an abandoned

Zisco to be up and running by 2021
Fri, 30 Oct 2020 14:51:00 GMT
Given the current momentum, Ziscosteel should be up and running by the end of 2021, she told delegates who are attending the ongoing Industry and Commerce Strategic Planning Workshop in Bulawayo. We

The Kaduna private steel plant, welcome
Sun, 25 Oct 2020 21:01:00 GMT
The Kaduna private steel plant, welcome Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmeds recent declaration that steel boom may lead to Nigerias industrialisation merely

Steel groups urge expanded efforts addressing steel crisis
Thu, 22 Oct 2020 00:00:00 GMT
Steel industry associations in the Americas, Europe, Asia and Africa today renewed their call for governments of steel-producing economies to intensify their work in the Global Forum on Steel Excess Capacity

Number of Africa news reports: 10
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