Metals News
AfDB approves $100 million loan for Guinean bauxite development
industry news
Dec 15,2017

SHANGHAI, Dec 15 (SMM)-The African Development Bank has agreed to provide $100 million of loan to support the development of bauxite mines in the Northwestern area of Guinea. The African country is expected to produce 60 million mt of bauxite by 2020 in a bid to meet China's demand.

Guinea's resources account for one third of global bauxite reserves and the country currently has an annual production of 19 million mt. 


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