Guinea gets $1bn loan to boost bauxite production

June 17, 2016

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Guinea’s Bauxite Company (CBG) has reached an agreement over a $1-billion loan to increase production capacity at the Kamsar treatment plant, the firm’s general director told Reuters on Friday. Guinea has around a third of the world’s reserves of bauxite, used to make aluminium, although development has been hampered by years of military rule and popular unrest.

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