Search results
Results From The WOW.Com Content Network
Compagnie des bauxites de Guinée (CBG) is a Guinean mining company. Since 1963 it has extracted bauxite from the notable mine in Sangarédi, in Boké Region in Guinea.It is 49% owned by the Guinean State, with the remainder owned by the Boké Investment Company, a 100%-owned subsidiary of Halco Mining, a consortium opened in 1962 by Harvey Aluminum Company to run mining operations in Guinea.
Business as usual at Guinea's bauxite mines following a coup early this month and China's campaign to reduce domestic energy consumption have mitigated concerns about supply shortages of the ...
Compagnie des bauxites de Kindia (CBK) is a Guinean company in the mining sector. Since 2001, it has mined the large Kindia Bauxite deposit in Kindia, in Guinea.. Guinea is the fifth largest producer of bauxite in the world, but the country possesses the largest ore reserves.
The minerals extracted consisted of iron, gold, diamond, and bauxite. [1] Guinea ranks first in the world in bauxite reserves and 6th in the extraction of high-grade bauxite, the aluminium ore. [2] [3] [4] The mining industry and exports of mining products accounted for 17% of Guinea's gross domestic product (GDP) in 2010.
STORY: Here are five business stories making headlines in sub-Saharan Africa this week.Nigeria's central bank surprised analysts and traders on Tuesday (May 24) by raising the benchmark interest ...
SMB produced more than 36 million tons of Bauxite in 2018, [4] and production has since risen to 48 million tons in 2023. [5] According to reports, SMB is Guinea's biggest bauxite producer, and together with the partially state-owned Compagnie des Bauxites de Guinée, the two companies are responsible for moving Guinea into a 22 percent share of the global bauxite market.
(Reuters) -The death toll from a blast and fire at an oil terminal in Guinea's capital, Conakry, has increased to 23 from 13 earlier, and the number of injured has risen to 241 from 178, the ...
After news came of the coup, aluminium prices on world markets climbed to a decade high, beating the record set in 2006 for Chinese markets amid bauxite supply concerns (Guinea is a major producer of bauxite, the main source of aluminium). [55] On the London Metal Exchange, aluminium was traded for as much as US$ 2,782 per tonne. [56]