Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

Chinese firm starts sourcing Guinea bauxite, sidelining India


Post Date: 09 Oct 2015    Viewed: 742

A leading Chinese consortium has started a $200 million project for importing bauxite ore from a new mine in Guinea, sidelining its traditional suppliers like Australia, India and Indonesia.

Singapore-based shipper, Winning International Group, leading the investors with a 45 per cent stake in Societe Miniere de Boke-Winning Africa Port (SMB-WAP), plans to export 30 million tonnes a year of bauxite ore from the new mine in Boke Province of Guinea in West Africa to China.

Winning executives said Guinea will become China's new source of bauxite ore as Australia has imposed restrictions for environment reasons, Indonesia has virtually banned it and the Indian bauxite was getting lower in quality.

Winning is transporting between three to four million tonnes of bauxite ore a year from India's western shores to China.

"The Indian bauxite ore quality is getting lower in aluminium content," said Bosco Lau Chi Wah, chief executive officer of the group's Winning Logistics Services Pte Ltd.

Lau estimates Indian bauxite ore exports to China at 10 million tonnes a year.

Comparatively, Guinea has bauxite reserves of 7.4 billion tonnes, or 26 per cent of the world's total deposits.

The group's mine has reserves of 100 million tonnes of 42 per cent to 45 per cent aluminium content.

The SMP-WAP consortium will initially start with five million tonnes of bauxite exports from Guinea this year, and increase it to 30 million tonnes in two years.

The investment is driven by the strong demand in China, which requires more than 55 million tonnes of bauxite ore per year, being the world's largest producers of aluminium.

Aluminium use is set to increase in industrial products from auto sectors to mobile phones, the executives said.

"This is an investment transcending regions, fields, continents and countries, connecting Singapore, Africa and China," said Sun Xiushun, president of the Winning Group.

Winning, as a shipping conglomerate, is venturing into bauxite ore mining, resource trading, marine shipping, and alumina smelting, he said.

Winning's partners in the SMP-WAP are China's Weiqiao Pioneering Group and Yantai Port Group as well as UMS, a Guinea-based company.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0234 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2