Metals News
The International Monetary Fund forecasts that the bauxite sector in Guinea will attract $6.5 billion in investment between 2017 and 2020
Source:Business Office of the Embassy in Guinea
The content below was translated by Tencent automatically for reference.

SMM News: the International Monetary Fund (IMF) forecasts that Guinea will attract a combined investment of about $6.5 billion in bauxite mining and alumina plant construction between 2017 and 2020.

The International Monetary Fund (IMF) forecasts that world demand for bauxite will grow at an average annual rate of 5 per cent in the medium term.

Guinea enjoys a reputation as a "geological miracle" and is rich in mineral resources. Among them, the proven reserves of bauxite are about 25 billion tons, accounting for 1/3 of the world's proven reserves. Bauxite in Guinea is mainly concentrated in the Bokai region.

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