AGP Executive Report
Last update: 4 hours agoBauxite and Alumina: Ghana’s GIADEC and RUSAL agreed to develop a bauxite mine and a refinery costing more than US$1.5 billion, with planned annual output of 5 million tonnes of bauxite and 1.2 million tonnes of alumina. Construction is expected to take about 36 months. Separately, Ghana Bauxite Company appointed Ecobank to arrange up to US$250 million for an Awaso mine expansion; funding has not yet been disbursed. Gold and Policy: GoldBod says its small-scale gold trade generated US$1.011 billion in foreign exchange in October and forecasts US$1.2 billion for November. Ghana also plans to move mining licence decisions closer to affected communities under proposed reforms. Mining Services: Major Drilling acquired Western Australia’s Bunbury Drilling Company for up to A$70 million, adding mine dewatering services. Project Progress: Dynacor has fed first ore through its Ecuador plant’s crushing circuit and expects its first gold pour in January.
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