Sangaredi bauxite mine

Overview:

• Sangaredi bauxite mine expansion.
• Owner of the Sangaredi bauxite mine, Compagnie des Bauxites de Guinée (CBG), is expanding the site to increase production capacity from 13.5 million to 18.5 million metric tonnes.
• CBG is owned by Alcoa, Rio Tinto and Dadco (51%) and the Republic of Guinea (49%).
• CBG has negotiated a $700 million loan to finance construction.
• BNP Paribas, Crédit Agricole, IFC, ING, Natixis, OPIC, Société Générale and two local banks are providing the financing. 
• Expanding the mine's capacity willl help CBG fulfil a contract to supply 10 million tonnes of bauxite to Abu Dhabi investment fund, Mubadala, and Dubai Aluminium (Dubal). 

Ben Naylor - Regional editor