Ghana's ex-finance minister declared a fugitive
China to loan Guinea $20 billion in exchange for minerals
6:07 CAT | 06 Sep 2017
China agreed on Wednesday to loan Guinea $20 billion over almost 20 years in exchange for mineral concessions focused mainly on bauxite, an ore of aluminum which the West African country has in abundance, the mines minister said.
The projects guaranteed by the loan included China Power Investment Corp’s planned alumina refinery and Aluminium Corp of China’s (601600.SS) (Chalco) bauxite project, both in Boffa, northwest Guinea, Mines Minister Abdoulaye Magassouba told Reuters.
Source: Reuters
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.