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First steps for Chalco bauxite plan in Guinea

Aluminum Corporation of China (Chalco) has announced that it is investing US$500M in a bauxite project in Boffa, in the Boké Region, 125 miles northeast of Guinea’s capital Conakry.
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The reserves were previously controlled by BHP Billiton. The company intends to start production next year, but no details on how the ore will be transported to the coast have been revealed.

In September, the government of China concluded an agreement to lend Guinea US$20B over the next two decades, in return for access to bauxite by Chalco, China Henan International Cooperation Group and China Power Investment Corporation.

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