Dubai-based group seeks funding for $8bn Guinean bauxite mine

June 9, 2016

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A Dubai-based resources firm is in talks with trading houses to develop bauxite reserves in Guinea, valued at $8-billion and previously held by BHP Billiton, the company’s co-founder said on Thursday. James Tounkara, cofounder of Gajah Investment Group, said he also expected Chinese involvement in the project that he expects to start production by the end of next year, but there had been no contact yet.

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