Despite endemic levels of poverty, Guinea vies with Australia as China’s largest supplier of bauxite.

The world’s top bauxite exporter has a law that gives it the right to ship 50% of mining companies’ exports, but it hadn’t put it into effect until now.

Australia has imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia.

Rusal, which is not under sanctions by the US, runs a bauxite and alumina production complex in Jamaica.

Underlying earnings for the half-year ended Dec. 31 came in at $1 billion, beating a consensus estimate of $987.5 million.

President Joko Widodo last month revoked the permits of more than 2,000 companies due to poor compliance.