{"id":42198,"date":"2026-08-11T19:55:23","date_gmt":"2026-08-11T17:55:23","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=42198"},"modified":"2026-08-11T19:55:23","modified_gmt":"2026-08-11T17:55:23","slug":"guineas-nimba-to-sell-bauxite-through-monthly-tenders","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/guineas-nimba-to-sell-bauxite-through-monthly-tenders\/","title":{"rendered":"Guinea&#8217;s Nimba to sell bauxite through monthly tenders \u00a0"},"content":{"rendered":"<p>Guinea&#8217;s state-owned Nimba Mining Company will sell its bauxite through monthly tenders open to global commodity traders and major miners, according to statement made by Mines Minister Bouna Sylla to <em>Reuters<\/em> this Tuesday.<\/p>\n<p>&nbsp;<\/p>\n<p>The move comes as the government in Guinea seeks to transform the state miner into a competitive commercial operator. Under the commercial strategy, Nimba Mining plans to secure a primary trading partner to guarantee baseline annual sales volumes while selling remaining output through competitive monthly spot tenders.<\/p>\n<p>&nbsp;<\/p>\n<p>According to Sylla and Nimba Chief Executive Patrice L&#8217;Huillier, the monthly tender process will be open to international firms including Glencore, Mercuria, Rio Tinto, and Vedanta. The structure is designed to allow Nimba Mining to operate on standard international commercial terms, with future expansion funded directly by reinvesting operating profits.<\/p>\n<p>&nbsp;<\/p>\n<p>Guinea remains the world&#8217;s largest exporter of bauxite, the primary raw material used in aluminum production. Nimba Mining took over its core bauxite concessions last year and aims to scale production to between 8 million and 10 million metric tons by the end of the year, before targeting 12 million tons by 2027.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters\/ChannelAfrica&#8211;<\/p>\n","protected":false},"featured_media":42199,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-42198","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Guinea\u2019s state-owned Nimba mining to sell Bauxite via monthly tenders","published_date":"2026-08-11 19:30:22","news_description":"Guinea\u2019s state-owned Nimba mining to sell Bauxite via monthly tenders","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42198\/revisions"}],"predecessor-version":[{"id":42200,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42198\/revisions\/42200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/42199"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=42198"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=42198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}