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The country possesses over 30% of the world's bauxite reserves and is the second largest bauxite producer
MANO RIVER BUSINESS CONSULTANCY

BAUXITE DEPOSITS

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BAUXITE DEPOSITS IN GUINEA

Mining production relies on reserves that have generally proved capable of open cast mining: bauxite (20 million tons), limestone (40 million tons), nickel (73 million tons), iron (6 billion tons), diamonds (20 million karats), graphite (11,300 tons), titanium (100 million tons), and gold (5,000–10,000 tons). Recent research shows that the northeast of Guinea has immense gold resources, on the order of 500 tons. The country possesses over 30% of the world's bauxite reserves and is the second largest bauxite producer. To intensify mineral exploitation and accelerate the country’s economic growth, several major projects have been identified, particularly in bauxite processing (alumina and aluminum). These include the Sangaredi project (an aluminum smelter with a projected capacity of around 250,000 tons a year). In 2006 Global Alumina signed an agreement with the government to invest US$2 billion in the Sangaredi project (an aluminum smelter with a projected capacity of around 250,000 tons a year). Alcoa en Alcan allocated a budget of US$1,5 billion for its Dian-Dian project (a bauxite mine and aluminum smelter). These projects will significantly expand the volume of activity in the sector, help to diversify mining activities, and increase the vertical integration of the sector. Moreover, the investment in the sector in the next five years is expected to contribute to the country’s overall growth by generating links to other sectors.

By decree 25% of all bauxite is owned by the Guinea government and when the government sells its reserves, the bauxite companies are obligated to extract and transport this quantity to the port. One of our clients has proposed to establish a National Guinea Shipping Company for this purpose to ship all governmental ore. It has also been agreed between the government and the bauxite companies that at any time a National Shipping Line has been established, companies are obligated to ship its ore with the National Shipping Company at ongoing market prices with ‘first right of refusal’.

MRBC has been asked to investigate the attainability of establishing such company in Conakry.

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