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Ashapura Minechem’s arm executes co-operation agreement with China Railway

17 Sep 2025 Evaluate

Ashapura Minechem’s overseas subsidiary has now executed a long-term Strategic Co-operation Agreement on September 15, 2025 in China, with China Railway to jointly develop its Boffa bauxite deposit in Guinea.

In terms of the said agreement, China Railway will support Ashapura in its mining operations, local logistics and port handling & infrastructure services. This collaboration will boost Company’s production capabilities while driving economic growth and improving lives of local communities in the region. It underlines co-operation alignment 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.

Peers
Company Name CMP
Coal India 421.90
NMDC 80.85
Ashapura Minechem 511.25
Sandur Manganese 183.00
GMDC 542.55
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