Freight train owned by Russian aluminium giant crashes in Guinea

15th July 2024 By: Bloomberg

A freight train carrying alumina owned by Russian aluminium giant United Co. Rusal was derailed on Thursday in Guinea’s capital Conakry, according to Radio Television Guineenne.

The incident caused no casualties, the state-owned broadcaster said, citing eyewitnesses. Repair works are underway, and the train will be put back into operation quickly, a spokesman of the Moscow-based company said on Friday.

The train was headed to Fria, about 156 kilometres (97 miles) north of Conakry, where Rusal refines bauxite into alumina, a key material in the production of aluminium.

Rusal shipped 266 429 tons of alumina last year, a 16% drop from the year earlier, according to the mining ministry.

Guinea is the world’s top exporter of bauxite. The country also has the world’s largest untapped deposit of iron-ore, which companies including Rio Tinto Plc are developing with the first shipment seen by 2026.