Guinea extends deadline for bauxite miners to present refinery plans
2022-06-13 14:25:11 [Print]
Guinea's junta has given bauxite mining companies 10 days to present a timeline for the construction of alumina refineries, extending an end-of-May deadline the companies did not meet, it said in a statement last Friday.
Africa's biggest producer of the aluminium ore has been seeking to channel its mineral wealth into economic development and has pressured companies to build local facilities to refine bauxite into higher value alumina.
Guinea exported 81.1 million tonnes of bauxite in 2021, according to mines ministry statistics. China imports around half of its bauxite from the West African country.
Africa's biggest producer of the aluminium ore has been seeking to channel its mineral wealth into economic development and has pressured companies to build local facilities to refine bauxite into higher value alumina.
Guinea exported 81.1 million tonnes of bauxite in 2021, according to mines ministry statistics. China imports around half of its bauxite from the West African country.
Bauxite Australian Monohydrate 52%min CIF China
Unit:USD/dt
China bauxite producers' sales to production ratio statistics by province by month
Unit: %
