China, a decade-old ally, unharmed in Guinea’s bauxite game. But why?
Over 100 mining licences were cancelled in Guinea, where big names like EGA have made headlines. But how many China-owned firms have been the target of Guinea’s ‘mine here, refine here regime’? The answer is a big-n-bold ZERO. The only report that deep search found when AL Circle was investigating the matter was of the single active operation affected by this crackdown of a joint venture in the Boffa-Fria corridor that included the Chinese-backed company SD Mining SA, which held a 42 per cent stake.
Naturally, the question arises as to why Guinea has been cooperating with China when it comes to mining (we are mainly concerned about bauxite). For over 30 years, China has actively supported Guinea in various aspects. But why? As we dig deep, it seems to be clearing layer by layer.
Unlock full access – sign up for FREE.
Key benefits
Guinea bauxite prices edge higher on low spot supply
Next articleFrom Guinea to China: bauxite demand fuels $126B global market outlook
Grow with
AL Circle
