29 AUGUST 2011Reuters Africa
Guinea, China in talks over bauxite mine
Edited by : AL CIRCLE
1 min read
Guinea is in advanced talks with state-owned China Power Investment to develop a bauxite mine,deep water port and a power plant in the West African state, Guinean government sources said.
One source, who asked not to be named, said the project, which is in Boffa, some 120 km (75 miles) west of the capital, Conakry,could begin as soon as 2012, would cost $5.8 billion.
Guinea, already the world's top bauxite exporter,has attracted billions of dollars in investment as it seeks to put decades of misrule behind it.
One source, who asked not to be named, said the project, which is in Boffa, some 120 km (75 miles) west of the capital, Conakry,could begin as soon as 2012, would cost $5.8 billion.
Guinea, already the world's top bauxite exporter,has attracted billions of dollars in investment as it seeks to put decades of misrule behind it.
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