(MENAFN) Dubai firm is in talks with trading houses to develop bauxite reserves in Guinea, worth USD 8bn and held by BHP Billiton.
Moreover, Guinea has almost a third of the world's bauxite reserves, utilized for making aluminum, whereas their development has been negative.
However, Guinea cancelled a tender for the bauxite mining acreage that sources proclaimed had been won by a Chinese firm.
In addition, Tounkara signed a deal with the Guinean government and its state mining firm to develop the mine, which consists of 9bn tons of bauxite.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.