Guinea has become China's aluminum industry development support

2017-02-13

Guinea, was a General of the West African country, but because the bauxite, the West African nation's future will most likely lifting the world's second largest economy aluminum industrial development. Guinea is located in the West of the West Bank, land area of about 245,000 square kilometers, about equal to the area of Hunan province in China in 2015, GDP per capita is only us $531, one of the world's least developed countries belonging to the United Nations. That this is land, population and economic development cannot be compared with China's State, but also how to prop up the world's largest aluminum industrial development at all? the answer is its vast bauxite resources. Guinea has been called the "geological miracle" is known, is rich in mineral resources, major minerals are bauxite, iron, gold, diamonds, nickel, copper, cobalt, oil and so on. Guinea is known as "Kingdom of bauxite" abundant, widely distributed, easily mined. According to information released by the United States Geological Survey, 2015 global proven bauxite reserves of 28 billion tons, of which 7.4 billion tons of bauxite reserves in Guinea, 26.4% per cent of total global reserves. In 2015, production reached about 19 million tons of bauxite in Guinea, in 2016 by Wei Li, Taiwan Hong Kong Singapore group, Shandong China HongQiao group, Guinea UMS consortium consisting of 4 companies, such as "China Union" Buckeye mining companies registered in Guinea (SMB) after the establishment of capacity has increased by 10 million tons a year in 2016, production is expected to reach 28 million tons of bauxite in Guinea. By 2016, China's imports of bauxite from Guinea are few and far between, 2015 imported only 300,000 tons. But in 2016, will reach 13 million tons of bauxite from Guinea, and possibly in 2017 overtook Australia as the country's largest source of bauxite. Therefore, both in terms of reserves, production or import conditions, Guinea is bauxite imported excellent choice. And, judging from China's actual conditions, imports from Guinea bauxite is also necessary. First of all, China's reserves of bauxite in the world is not dominant, and bauxite mines in China developed too quickly. 2015 World proven 28 billion metric tons of bauxite, 830 million tonnes in China, only the 2.96% of the world's total proven reserves. But I support the 21.9% of the world's bauxite production. Domestic product in 2015, China produced 60 million tons of bauxite, ranked second behind Australia, to develop speed, 14 years after the country's stocks of bauxite will all run out. Moreover, the domestic bauxite is also very unhealthy for consumers, once domestic resources are depleted, it will accept. Secondly, China's imports of bauxite sources in addition to Australia, mostly from Southeast Asian countries. Malaysia, Indonesia and other places recently because of environmental reasons, have announced that restrict or prohibit exports of bauxite. Once lost from the bauxite resources in these countries, our bauxite dependence on bauxite deposit in Australia and other countries will be greatly enhanced, this is extremely dangerous. Third, the Guinea bauxite concentrate, deposits are relatively shallow, and the higher grade. Guinea deposit thickness of 3-9 m, ore accessible; no need to Peel not mine; mining; High alumina content 45~60%, 1~3.5% silica content; Sanshui combination is easy to process at a low temperature minerals mineral storage set, General occurrences are in the millions of tons to billions of tons. Guinea's bauxite mines are widely distributed, from the Atlantic Ocean 100-500 kilometer of Upper Guinea and Middle Guinea and Guinea under deposits. That guarantees Guinea can in large scale production of high-grade bauxite. Based on the above considerations, Guinea's future will be a great chance to become China's main sources of bauxite, plus countries around the world including China to mine bauxite in Guinea, Guinea's bauxite production in the future will be a geometric growth, to better meet the needs of the development of aluminum industry in China.