Guinea Discusses Investments With Glencore

Guinea is discussing further investments in alumina refining and energy projects with Glencore following a recent bauxite deal. The country aims to diversify its funding sources and export markets beyond China.

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FILE PHOTO: The logo of miner and commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo

Guinea is in talks with GLENCORE PLC over $300M in alumina and energy projects following last week's bauxite deal. The discussions mark Conakry's latest push to expand domestic processing capacity. Over 70% of the nation's bauxite exports currently head to China, driving efforts to diversify funding sources.

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