• 1
  • 2
  • 3
  • 4
  • 5
  • 6
Share this post
FaceBook  Twitter     

Note utilisateur: 0 / 5

Etoiles inactivesEtoiles inactivesEtoiles inactivesEtoiles inactivesEtoiles inactives
BHP Billiton to Halt Bauxite Exploration at Guinea’s Boffa Site

(Audio available further in this article)

Jan. 27 (Bloomberg) -- BHP Billiton Ltd. plans to halt bauxite exploration at its Boffa-Santou-Houda site in Guinea, the world’s biggest exporter of the ore, after prices for aluminum dropped, said Jean-Francois David, the company’s president in the West African nation. “Explorations are stopped and all the activities will stop before June 30,” he said in an interview in Conakry, the capital, yesterday. The company will return its mining permits for the site to the government, David said.

 (To listen to this article, click on the player below)


The world’s biggest mining company is halting exploration as aluminum prices slumped 18 percent after reaching a peak last year of $2,797 per metric ton on May 3. David said the stop is not linked to planned changes in Guinea’s mining code, that will give the government a bigger stake in projects.

“This closing is not due to the exploration results or Guinea mining policy, but to the decline in alumina and aluminum prices, and the world financial crisis,” he said.

Bauxite is turned into alumina that is in turn refined into aluminum. About four tons of the mineral is used to produce a ton of metal.

Workers went on strike at Boffa-Santou-Houda Jan. 24, asking for a 200 percent pay increase, union leader Bafode Cherif Camara said. The demand doesn’t make sense, given the site’s closing, David said.

“We are ready for the resumption of the dialogue, but on a realistic basis,” he said.

--Editors: Emily Bowers, Karl Maier

Source: Bloomberg

Google Ads

Autres Recommandations

  • Conakry : Comment rentabiliser les marchés de la Capitale ? Le siège du gouvernement de la ville Read More
  • Ebola : les pays touchés par le virus adoptent un plan stratégique harmonisé (PAPIER GENERAL) CONAKRY, Read More
  • Ebola : le président sierra-léonais déclare l'état d'urgence publique FREETOWN, 31 juillet-- Le président de la Read More
  • A Conakry, la prévention et la sensibilisation contre Ebola battent leur plein. De plus en Read More
  • 1