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Vol 7 (AAC) No 1

Published 1st November 2013


New plans for Simandou

After China Power's alumina refinery deal in September, Chinalco and Rio Tinto plan to start production at the giant iron-ore mine

China Power Investment, which plans to build an alumina refinery at Boffa in western Guinea, is on the verge of succeeding where many other companies have failed or given up. A deal CPI signed in September with Mines Minister Mohamed Lamine Fofana was approved by the Conseil National de Transition a few days before Guinea’s transitional legislature was dissolved in October. Documents seen by Africa-Asia Confidential indicate that the deal provides for an investment of US$6 billion for a refinery with an initial capacity of 4 million tonnes a year and also for exploratory work for at least one bauxite mine. In addition to the refinery, CPI plans to build port infrastructure to enable its production to be exported and a coal-fired 250-megawatt power plant.

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