Canadian company to mine phosphates in Guinea-Bissau| glObserver Global Economics

The Canadian mining company GB Minerals aims to invest US$175 million to begin mining phosphates in Guinea-Bissau starting in 2017, its CEO announced on Tuesday in Bissau.


The CEO of GB Minerals indicated that the project as well involves construction of a new port at Ponta Chungue by the Geba River east of the capital Bissau.

“From there the phosphates will be exported to international markets,” da Silva said, specifying that the phosphates for use in fertiliser production were expected to be absorbed by nations in the West Africa region, where request is growing rapidly.

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Author: globserver

Director of Eyecom china

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