22 AUGUST 2011shanghai metal market
China Power Investment Aims to Spend $6 Billion on Guinea Bauxite Refinery
Edited by : AL CIRCLE
1 min read
China Power Investment Corp. will spend $6 billion to develop bauxite refineries at Boffa in Guinea, according to a statement from the president's office.
The Beijing-based energy company will also build a port to remove ore from the area, President Alpha Conde's office said in the statement, citing China Power Vice President Yu Dehui.
The facilities will initially produce 12 million tons annually of bauxite,used to make aluminum, according to the statement.
The Beijing-based energy company will also build a port to remove ore from the area, President Alpha Conde's office said in the statement, citing China Power Vice President Yu Dehui.
The facilities will initially produce 12 million tons annually of bauxite,used to make aluminum, according to the statement.
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