Ashapura Minechem’s overseas subsidiary has entered into a long-term Memorandum of Understanding (MoU) with China Railway, a Global Fortune 500 Company, to jointly develop its Fako bauxite deposit in the Kindia region of Guinea.
In terms of MOU, China Railway will be responsible for production of Bauxite and provide logistic solution while Ashapura will be totally responsible for sales and marketing and providing technical support including quality assurance for the project.
The abovementioned project may set to transform one of Guinea's most underdeveloped regions by creating job opportunities. It will also boost Company’s production capacity while driving economic growth and improving lives of local communities in the Fako region. This collaboration underscores Ashapura’s commitment to sustainable development, economic upliftment and community welfare in Guinea.
Ashapura Minechem is the mine owner and exporter of bentonite. The company also has business interests in iron ore, bleaching clay, kaolin and barites. They have also recently diversified into bauxite.
