According to Reuters, Guinea’s minister for mines and geology, Mohamed Lamine Fofana, said the deal included a US$4bn contract for building an alumina refinery and port and a US$1bn agreement to extract and export bauxite to the UAE. Fofana added, “The bauxite will be ready for ex . . .
Read More Saudi Arabian conglomerate SABIC, which is 70 per cent-owned by the government and has interests in chemicals production, fertilisers, industry polymers and metals, has been exploring the Atomai Mines in Zouerate, northern Mauritania and has been conducting a series of feasability studies. The . . .
Read More Aganga noted that the initiative was in line with the Nigeria Industrial Revolution Plan (NIRP), which has been strategically developed and linked with sectors of the economy where the country currently has competitive and comparative advantage such as mines, steel and agri-business. "What we . . .
Read More According to Reuters,Egyptian Steel chairman Ahmed Abou Hashima said the company planned to also increase production capacity by seven-fold over the next two years. “The market in Egypt is very promising. We have a very large population and increasing consumer demand,” said H . . .
Read More The company plans to begin operations in early 2015 and will produce 1.2bn cans annually, it stated. Motti Goldmintz, CEO of GZ Industries, said, "The decision to invest in an aluminium can line follows a significant upturn in the demand for canned beverages in Kenya. The total annual product . . .
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