China Railway and India's Ashapura Minechem sign major bauxite partnership deal in Guinea

Under the agreement, China Railway will support mining operations, logistics, and port infrastructure development. Ashapura, on the other hand, pointed out that the partnership is aimed at enhancing production and boosting the economic growth of Guinea through job creation and infrastructure improvement. The companies also highlighted their commitment to sustainability and community advancement.

MoU earlier in Kindia region

This milestone builds on an earlier step. On 17 January 2025, Ashapura had announced that its subsidiary signed a long-term memorandum of understanding (MoU) with China Railway for the Kindia region's Fako bauxite deposit.  

In its filing, the company stated, "We wish to inform you that the company'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."

Under that MoU, China Railway would oversee production and logistics, while Ashapura focused on sales, marketing, and quality assurance. Ashapura added, "The above project may transform one of Guinea's most underdeveloped regions by creating job opportunities.It will also boost the company's production capacity while driving economic growth and improving the lives of local communities in the Fako region."

Note: This article is published in accordance with an article exchange agreement between Mysteel and AL Circle.