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The Alumina Company of Guinea (ACG-Fria) is a bauxite mining company based in Fria, Guinea. They are the main aluminium producing company in the country, and was once part-owned by the government of Guinea in Conakry and by the Reynolds Metals Company of Richmond, Virginia, of the United States. However, in 2006 the president of Guinea, Lansana Conte signed an agreement with Russian giant, United Company RUSAL privatizing the bauxite and aluminum complex in Fria. This will allow for eventual doubling of the company's capacity.
Currency: Guinean franc | |
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Bauxite is a sedimentary rock with a relatively high aluminium content. It is the world's main source of aluminium and gallium. Bauxite consists mostly of the aluminium minerals gibbsite (Al(OH)3), boehmite (γ-AlO(OH)) and diaspore (α-AlO(OH)), mixed with the two iron oxides goethite (FeO(OH)) and haematite (Fe2O3), the aluminium clay mineral kaolinite (Al2Si2O5(OH)) and small amounts of anatase (TiO2) and ilmenite (FeTiO3 or FeO.TiO2).
Guinea, officially the Republic of Guinea, is a west-coastal country in West Africa. Formerly known as French Guinea, the modern country is sometimes referred to as Guinea-Conakry to distinguish it from other countries with "Guinea" in the name and the eponymous region, such as Guinea-Bissau and Equatorial Guinea. Guinea has a population of 12.4 million and an area of 245,857 square kilometres (94,926 sq mi).
The economy of Guinea is dependent largely on agriculture and other rural activities. Guinea is richly endowed with minerals, possessing an estimated quarter of the world's proven reserves of bauxite, more than 1.8 billion tonnes of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium.
Transport in Guinea is composed by a variety of systems that people in the country use to get around as well as to and from domestic and international destinations.
Rio Tinto Group is an Anglo-Australian multinational and the world's second largest metals and mining corporations, behind BHP Billiton, producing iron ore, copper, diamonds, gold and uranium. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. Since then, the company has grown through a long series of mergers and acquisitions to place itself among the world leaders in the production of many commodities, including aluminium, iron ore, copper, uranium, and diamonds. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly for refining bauxite and iron ore. Rio Tinto has joint head offices in London and Melbourne.
Alumina Limited is a public company listed on the Australian Securities Exchange (ASX). It was formed in 2003 in a demerger from Western Mining Corporation, and is one of the top 100 companies on the ASX.
Fria is a town and Sub-prefecture in Lower Guinea, lying north of Conakry near the Amaria Dam on the Konkouré River. As of 2014 it had a population of 61,691 people.
Dubréka is a town in Guinea, lying immediately north of Conakry. Population 8,300.
The Boké Region is located in western Guinea. It is bordered by the countries of Senegal and Guinea-Bissau and the Guinean regions of Kindia and Labé. Its capital is the city of Boké.
Articles related to Guinea include:
Aluminium in Africa originates primarily in Guinea, Mozambique and Ghana. Guinea is by far the biggest producer in Africa, and is a world leader in aluminium and bauxite production; see "World bauxite mine production, reserves, and reserve base" at the bauxite article.
Halco Mining is an aluminium company based in Guinea. The company is organized under the laws of the state of Delaware in the United States. Halco is the 51% owner of the stock of Compagnie des Bauxites de Guinee, the primary aluminium mine and smelter operator in Guinea, known as CBG.
United Company RUSAL is the world's second largest aluminium company by primary production output. It was the largest until overtaken by China Hongqiao Group in 2015. UC RUSAL accounts for almost 9% of the world's primary aluminium output and 9% of the world's alumina production.
Railway stations in Guinea include:
Mining in Guinea-Bissau is limited to small-scale production of construction materials, such as clays, granite, limestone, and sand and gravel. The country’s prospective minerals include bauxite, diamond, gold, heavy minerals, petroleum, and phosphate rock.
Kabiné Komara was Prime Minister of Guinea from 30 December 2008 to 26 January 2010. Until the end of 2008 a director at the African Export-Import Bank in Cairo, Egypt, Komara was announced as the new Prime Minister in a government radio broadcast on 30 December.
Guinea has 1,086 km of railways. This includes 279 km at 1,435 mm gauge and 807 km at 1,000 mm gauge. The latter includes 662 km in common carrier service from Kankan to Conakry.
According to the United States Geological Survey, Vietnam is estimated to hold the world's third-largest bauxite ore reserves, after Guinea and Australia. The majority of Vietnam's reserves are located in the Central Highlands and have only been minimally mined. Bauxite is typically strip mined and is used to produce aluminum. According to estimates by Vietnam's Ministry of Industry and Trade, Vietnam's reserves in the Central Highlands amount to 5.4 billion tons. Despite its large reserves, Vietnam produces only 30,000 tons of bauxite per year.
The mining industry of Guinea was developed during colonial rule. The minerals extracted consisted of iron, gold, diamond, and bauxite. Guinea ranks first in the world in bauxite reserves and 6th in the extraction of high-grade bauxite, the aluminium ore. The mining industry and exports of mining products accounted for 17% of Guinea’s gross domestic product (GDP) in 2010. Mining accounts for over 50% of its exports. The country accounts for 94% of Africa’s mining production of bauxite. The large mineral reserve, which has mostly remained untapped, is of immense interest for international firms.