21 JULY 2015<a href= "http://af.reuters.com/article/metalsNews/idAFL5N1003VF20150720" target='_blank'> Reuters </a>
SMB-WAP starts exporting bauxite from Guinea as sector expands
Edited by : AL CIRCLE
1 min read
A Guinean-Chinese consortium, SMB-WAP, has started exporting bauxite from Guinea- the first new market entry in the West African country for 15 year, confirmed government sources.
Guinea says it has the world's largest supplies of bauxite, but is ranked fourth in the export rankings. The government says production will increase by 30 percent before 2016 ends.
Nava Toure, secretary general of the mines ministry, said Société Minière de Boké-Winning Africa Port (SMB-WAP) had invested about $100 million in its concession in the Boke Region of Western Guinea. From there, the bauxite is trucked to a port on the Rio Nuñez river and then transferred to larger ships bound for international markets, Toure said.
Most of the production will feed growing Asian demand for aluminium. Exports are targeted to reach 5 million tonnes in the first year of production and will be doubled in the second year.
Guinea says it has the world's largest supplies of bauxite, but is ranked fourth in the export rankings. The government says production will increase by 30 percent before 2016 ends.
Nava Toure, secretary general of the mines ministry, said Société Minière de Boké-Winning Africa Port (SMB-WAP) had invested about $100 million in its concession in the Boke Region of Western Guinea. From there, the bauxite is trucked to a port on the Rio Nuñez river and then transferred to larger ships bound for international markets, Toure said.
Most of the production will feed growing Asian demand for aluminium. Exports are targeted to reach 5 million tonnes in the first year of production and will be doubled in the second year.
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