03 SEPTEMBER 2011Reuters
Ghana Bauxite Sector Revenues
Edited by : AL CIRCLE
1 min read
Underperformance in the bauxite sector, which saw shipments drop by 42 percent, translating into a 41 percent fall in revenues, clouded an otherwise rosy outlook.
The chamber linked this to "serious challenges" the Ghana Bauxite Company faced in transporting ore from its mine site to the port, some 240 km away.
"In the face of the inefficient rail service available, the company is compelled to transport the bulk of their production by road, which is relatively more expensive," the chamber said.
The chamber linked this to "serious challenges" the Ghana Bauxite Company faced in transporting ore from its mine site to the port, some 240 km away.
"In the face of the inefficient rail service available, the company is compelled to transport the bulk of their production by road, which is relatively more expensive," the chamber said.
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