NewsWest AfricaGuinea-Conakry: SMB-WAP begins bauxite exports

Fri,22Feb2019

Posted on Tuesday, 21 July 2015 08:43

Guinea-Conakry: SMB-WAP begins bauxite exports

By REUTERS

Photo©ReutersGuinea-Conakry's government says a Guinean-Chinese consortium, SMB-WAP, started exporting bauxite from the west African country at the beginning of the week.

Guinea, which says it has the world's largest supplies of bauxite, is ranked fourth in the export rankings.

The government says it can boost production by 30 percent before the end of 2016.

"The first exports began today," said Nava Toure, secretary general of the mines ministry, confirming an earlier government statement.

He said Société Minière de Boké-Winning Africa Port (SMB-WAP) had invested about $100 million in its concession in the Boke Region of Western Guinea.

It is the first new market entry in the West African country for 15 years. 

 

From there, the bauxite is trucked to a port on the Rio Nunez river and then transferred to larger ships bound for international markets, Toure said.

Most of the production will feed growing Asian demand for aluminium, the government statement said.

Exports are targeted to reach 5 million tonnes in the first year of production and be double that in the second year, it added.

 



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