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Sovereign Wealth Funds Briefing - Categorized | Market

Guinea’s CBG and Abu Dhabi’s Mubadala sign long-term bauxite supply deal

Posted on 08 November 2012

Compagnie des Bauxites de Guinée (CBG), one of the world’s largest bauxite explorers, has signed a long-term supply agreement with Abu Dhabi’s Mubadala Development Company, the companies said.
“This is a good deal for both Guinea and the UAE,” Guinean minister of mines and geology Mohamed Lamine Fofana said in a statement. “The agreement reached today will see a major investment in the bauxite industry, significantly expanding the production of bauxite and creating much-needed jobs for Guineans.”……………………………………….Full Article: Source


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