13 MAY 2011www.english.peopledaily.com.cn
Chinese mining company makes presentations at Guinea's Mines Expo
Edited by : AL CIRCLE
1 min read
The International Mineral Investment of the China Power Investment company (CPIIM) on Wednesday presented its mining capabilities at the Guinean Mining Exhibition opened this week.
The mother company CPI valued at 67.3 billion U.S. dollars has an annual turnover of 19.3 billion dollars with six of its subsidiaries being listed at the stock exchange.
Guinea is the second largest producer of bauxite in the world with an annual output of 40 million tons.
The country's bauxite resources are estimated at 29 billion tons. At the current rate of mining, the country will continue producing bauxite for 16 centuries.
The mother company CPI valued at 67.3 billion U.S. dollars has an annual turnover of 19.3 billion dollars with six of its subsidiaries being listed at the stock exchange.
Guinea is the second largest producer of bauxite in the world with an annual output of 40 million tons.
The country's bauxite resources are estimated at 29 billion tons. At the current rate of mining, the country will continue producing bauxite for 16 centuries.
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