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CBG bauxite produce create another high

Friday, Jan 11, 2008
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The biggest bauxite exporter—Compagnie des Bauxites de Guinee(CBG) Said it plans to produce 13.5m metric ton bauxite this year. Its senior officer said: “that will be another record; output in 2007 is 12.5m metric ton, though there had several strikes and stopped production for several days.” Information said that a strike that lasted for 18 days in 2007 has damaged the shipment and lose $1m each day. Alcoa and Alcan joint to operate Halco, Halco own 51% of CBG shares. Recently, Guinea Chamber of Industry and Commerce announced for another strike on Thursday to oppose the president fired a minister of the consensus government. However, after 11hs negotiation, they set aside this strike.

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