Video: Gold mining faces a cliff after 2025, CRU analyst predicts
Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.
Two trains operated by Russian aluminum giant Rusal collided in Guinea’s capital Conakry on Monday, killing at least one person and injuring several others, according to witness accounts and footage on social media.
The world’s third-largest aluminum producer operates three bauxite mines and an alumina refinery in the coastal West African nation. The Guinea mines make up 42% of Rusal’s total bauxite capacity.
Rusal said an investigation had been launched into the cause of the incident and that company representatives were providing support to the relevant authorities in Guinea.
A timetable for the resumption of transportation would be determined once the investigation and restoration of the rail tracks are completed, Rusal told Reuters on Monday.
“It was a moving train that collided with another that had broken down and was parked,” Lamine Camara, a resident in the neighborhood where the accident took place on the outskirts of the capital, told Reuters.
Another witness gave a similar account.
Images shared on social media showed multiple derailed train cars piled on top of each other amid thick, grey smoke. Firefighters dug through the mangled wreckage while paramedics carried a body covered in a white sheet into an ambulance.
The Russian firm has been a strong presence in Guinea since the Soviet era. It has said it will maintain its operations there despite a military coup on Sept. 5 that overthrew longtime president, Alpha Conde.
(By Saliou Samb and Polina Devitt; Editing by Bernadette Baum)
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