Today' Focus

        Hangzhou Jinjiang Group's general manager Zhang Jianyang, vice general manager Sun Jiabin and their team had  attended the SECOND BELT AND ROAD FORUM FOR INTERNATIONAL COOPERATION, they also attended the signing ceremony of comprehensive strateg...

International News

    Ghana and Guinea to discuss over bilateral cooperation for developing bauxite industries

  • China Aluminium Network
  • Post Time: 2019/3/21
  • Click Amount: 116

    Ghana Vice President Mahamudu Bawumia reportedly announced to the press that both Guinea and Ghana are all set to begin discussions over bilateral cooperation for developing bauxite industries, similar to trade co-operation between Ghana and Côte d’Ivoire in the cocoa sector.

    “You know what we are trying to do in the extractives sector as far as bauxite is concerned is quite similar to Guinea, but different in many perspectives,” Dr. Bawumia told reporters.

    He further said, “Guinea has the bauxite resources and they have the mine. We are trying to move up the value chain by not just doing mining but also refining. After refining we have VALCO to smelt.”

    In his opinion, co-operation of this kind will help both the countries, through knowledge-sharing, drawing of synergies and enhanced common benefits. He explained, “Our vision as a country is to have our counterpart Guinea and others patronise our refinery and also bring their raw bauxite for smelting in Ghana.” “This will help boost the Ghanaian economy and earn us additional foreign exchange,” added further.

    Guinea has the world’s largest bauxite deposits and Ghana has a deposit close to a billion metric tonne. So, the two countries together will be able to control around 70 to 80 per cent of the world’s bauxite resources. Working together will also help strengthen their positions and voice in the global markets for bauxite and alumina.

    Source: www.alcircle.com
      Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ③If any articles copied by our website concern the copyright and other problems, please contact us within one week.