SinoHydro Group Limited

First Payment On Infrastructure-For-Bauxite Deal Made By China To Ghana

First Payment On Infrastructure-For-Bauxite Deal Made By China To Ghana

After talks last weekend between representatives of the two governments, Ghana confirmed that it is going ahead with a US$2-billion deal with the People’s Republic of China to exchange infrastructure improvements in the West African country for bauxite ore. According to Ghanaian...

Events

Ghana To Make Up Shortfall In US$2 Billion Bauxite Deal With China

New details have emerged in the US$2 billion deal between Ghana and China’s Sinohydro Corp., including a provision that will mandate the west African nation make up any difference between the bauxite revenue gleaned from the deal by Sinohydro and the monies spent on Ghanaian infrastructure. The deal, which was formalized in May, contemplates Sinohydro […]

Infrastructure Improvements Outweigh All Other Concerns Over Bauxite Deal With China – Ghana PM Osei Owusu

Debate continues to rage over the proposed US$2-billion deal between the west African republic of Ghana and the People’s Republic of China that would have China’s Sinohydro Group Limited gain access to Ghana’s significant bauxite resources in exchange for badly-needed infrastructure improvements. Earlier this week Ghana’s First Deputy Speaker of Parliament Joe Osei Owusu told […]

Ghana’s Minority Leader Calls On IMF To Review Bauxite Deal With China

Pushback is increasing against a deal between the governments of Ghana and the People’s Republic of China over a US$2-million deal to trade Ghanaian bauxite ore for the construction of badly-needed infrastructure in the country by China, as Thursday saw Ghana’s minority leader call for the deal to be reviewed by the International Monetary Fund […]

Ghana’s Chamber Of Commerce Lends Support To Government’s Bauxite Plans

Ghana’s chamber of commerce announced their support for the country’s plan for bringing its significant bauxite ore to market last week. Mark Badu-Aboagye, president of the Ghana National Chamber of Commerce and Industry (GNCCI) said in a statement that the country’s Integrated Bauxite and Aluminium Project represented an excellent first step in the journey to […]