Guinea Eyes Broader Glencore Partnership Beyond Bauxite
Guinea in Talks with Glencore on Alumina Refining and Energy Investments Guinea is in discussions with Glencore to expand the commodities group’s involvement in the country beyond bauxite marketing to include alumina refining, energy and other strategic investments. Mines Minister Bouna Sylla said the talks followed a more than $300-million bauxite pre-financing and offtake agreement signed last week between state-owned Nimba Mining and Glencore. Under the agreement, Glencore will market between 10-million and 12-million tonnes of Guinean bauxite annually for five years, giving the Swiss-based commodities group a significant foothold…
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