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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 ...
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 ...
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.
Bauxite deposits have been identified near the city of Boé since the 1950s. At the time they were never commercially viable due to low world prices. [2] As the economic prospects have become more enticing in the past decaden a lease was granted to a firm named Bauxite Angola in 2007, which has recently made announcements of investments of up to US$500 million.
In recent years, the mining industry in Guinea has suffered from controversy, specifically with respect to the iron ore mining industry and the block of mines in Northern Guinea. [8] In 2019, the country was the world's 3rd largest producer of bauxite. [9] In 2023, Guinea became the top source of bauxite for China. [10]
Guineans should brace for power cuts, the government has warned, as the country grapples with the aftermath of a deadly explosion at an oil terminal in the capital Conakry that destroyed fuel ...
(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 ...
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.