05 AUGUST 2016Shanghai Metals Market
Guinea to beat Australia as top bauxite supplier to China by 2017
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<p>Experts predict that Guinea will replace Australia as China’s top bauxite supplier by 2017, China’s Ministry of Finance said on its website on July 22. <br /><br />Bauxite output in Guinea totaled some 19 million tonnes in 2015 and is expected to reach 28 million tonnes by 2016. The figure is likely to hit 66 million tonnes by 2018 along with expansions at CBG and commencement of GAC, COBAD and ALUFER, according to the Ministry of Mines and Geology of the Republic of Guinea. <br /><br />China Winning Group, a consortium jointly invested by Singapore’s Winning International Group, China’s Yantai Port Group, China’s Shandong Hongqiao Group, and Guinea’s United Mining Supply (UMS), established Société Minière de Boké (SMB) in Guinea that is responsible bauxite mining in the country. It is planned that bauxite output at SMB will reach 33 million tonnes by 2017, the Ministry of Mines and Geology of the Republic of Guinea added. </p>
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