China to Grant Huge Loans to Guinea to Secure Bauxite

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

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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. 

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