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CBG’s position in the world aluminum industry
Since CBG began operations in 1973, the Republic of Guinea has become the leading supplier of bauxite to the Western world. Revenues from CBG bauxite production, in turn, provide most of Guinea's foreign currency income.
CBG’s bauxite is inherently desirable to aluminum producers for three reasons: its quality, its location, and its sheer quantity. In every other part of the world, bauxite with an alumina content of 40 percent to 50 percent is considered to be good. Bauxite from the Boke region with an average alumina content over 53% is in a class by itself. And the deposits are well-situated for shipping to the USA, Canada, Australia and Western Europe, where much of the world's refining and smelting capacity is currently located.
For both the government of Guinea and its multinational partners in CBG, the task that lies ahead is not only to keep this stream flowing but to make it flow ever more efficiently and at ever-lower unit cost. The inherent advantages of CBG bauxite are not enough, in themselves, to assure the company of maintaining its preeminent position in the aluminum industry.
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