Guinea bauxite miner CBG backs alumina refining push
Guinea will have alumina refineries in the coming years, but these projects are capital-intensive and complex, Guinea's second-biggest bauxite miner said on Monday, after a new ultimatum from the government keen to boost mineral processing.
Bauxite mining companies have ten days to present a timeline for the construction of alumina refineries, extending an end of May deadline the companies did not meet, the West African country's ruling junta said on Friday.
Guinea is Africa's biggest producer of the aluminium ore, and China relies on the country for around half its bauxite imports.
"There are no contradictions between the will of the mining companies to meet their obligations in terms of refineries ... and the political will to see this happen. It is legitimate," Compagnie des Bauxites de Guinée (CBG) CEO Souleymane Traoré told the Africa CEO Forum conference in Abidjan.
"I am confident and convinced that Guinea will have refineries in the coming years," Traoré said, cautioning however that concerned parties should be conscious of the complexities involved.
Traoré told Reuters the miner is working on its refinery plan, but that he could not yet provide details.
Analysts have said access to energy, among other things, is a hurdle to developing alumina refineries in Guinea.
CBG produced 17.4-million tonnes of bauxite in 2021, accounting for around a fifth of Guinea's production, according to mines ministry statistics.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation