SMB plans Guinea alumina refinery by 2022

A consortium of the Societe Miniere de Boke (SMB) and Singapore’s Winning Shipping plans to build Guinea’s first alumina refinery in a $3 billion effort to develop the West African country’s bauxite industry, it said on Monday. Guinea has about a third of the world’s bauxite reserves and expects to produce over 30-million tonnes in 2017. However, it has no facilities to transform those reserves into higher-grade alumina, which can fetch higher prices on world markets.