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Home / Metal News / China to Grant Huge Loans to Guinea to Secure Bauxite

China to Grant Huge Loans to Guinea to Secure Bauxite

Sep 8, 2017 18:03

Source:SMM

China agreed on Wednesday to lend $20 billion to Guinea over 20 years in exchange for bauxite.

SHANGHAI, Sept. 8 (SMM) – China agreed on Wednesday to lend $20 billion to Guinea over 20 years in exchange for bauxite.

Breaking News: Henan to Suspend Construction and Expansion of Small Bauxite and Iron Ore Mines

The projects guaranteed by the loan include China Power Investment Corporation’s planned alumina refinery and Chalco’s bauxite mine and another bauxite project by China Henan International Cooperation Group.

Chalco to Put Aluminum Project Online Soon

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