SHANGHAI, Aug. 10 (SMM) –China Hongqiao Group began its first shipment of 180,000 tonnes of bauxite from the Port of Boke, Guinea on July 20.
China Hongqiao Group, together with other companies, established Boke Mining Company and started port project at the Port of Boke to develop bauxite in Guinea. They have built two bauxite berths, one heavy cargo berth, as well as loading belts. The port's annual capacity is designed to handle 10 million tonnes, and is expected to rise to 30 million tonnes in coming three years. Annual bauxite shipment to China is scheduled to reach 20 million tonnes by 2016.
Bauxite in Boke enjoys higher grade than ores from other countries, such as Indonesia, Malaysia, Australia and India. As such, costs for producing alumina with Guinean bauxite are comparatively lower, thus making up for higher freight rates from Africa to China.
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