SHANGHAI, Jun. 8 (SMM) – Societe Miniere de Boke (SMB) will be able to export 35 million tonnes of bauxite from Guinea per year once the third phase infrastructure project is completed, MiningSink reported.
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SMB, co-founded by Singapore’s Winning International Group, China’s Hongqiao Group, Yantai Port Group and Guinea’s UMS, entered into production in July 2015. The JV exported 8 million tonnes of bauxite from July 2015 to July 2016 and exports hit over 10 million tonnes in 2016, challenging Guinea-based CBG’s leadership.
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Construction of mining sites in the first two phases and Katougouma port has been finished. The third phase infrastructure project is scheduled to begin in 2017, with investment at $250 million.
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