By Benjamin Umuteme
The SMB-Winning consortium, has planned $3 billion total investment to build an alumina refinery in Guinea as well as a railway to open up the Boffa corridor and to carry bauxite to the refinery and the Dapilon river port in Guinea
The company says it is beginning the feasibility and social and environmental impact studies in early 2018 before the start of works in 2019.
Details of the project indicates that construction phase will create 10,000 jobs and mobilize local companies, among which experts in civil engineering, extraction, construction and services will be employed.
The refinery will be located in Dapilon, in the Boké Special Economic Zone.
“This investment illustrates our ambitions for the Boké region and our contribution to Guinea’s economic and social development. The mining sector, together with agriculture, is the lung of the country’s development and, in our approach as a mining operator, must also focus on facilitating a local redistribution of the benefits, especially in favor of the communities, education, jobs, and priority sectors such as the agro-industry”, comments Frédéric Bouzigues, Managing Director of Société Minière de Boké (SMB).
For Chairman of SMB, Fadi Wazni: “The local processing of raw materials is one of the biggest challenges for a more inclusive growth in Africa because it creates more value locally while leading to economic diversification. This commitment to Guinea also demonstrates our confidence in the continued improvement of both its business environment and macroeconomic stability. This project also demonstrates the technical and financial complementarity of our Franco-Sino-Singaporean consortium to carry out this type of ambitious projects.”
Founded in 2014, the SMB-Winning consortium brings together three partners in the fields of bauxite mining, production and transportation.
The consortium has planned to export 30 million tons of bauxite in 2017, making Guinea the world’s largest exporter of bauxite and the consortium one of the major contributors to the country’s gross domestic product.”