Halco Mining is an
aluminium company based at Pittsburgh, Pennsylvania (USA). The company is organized under the laws of the state of
Delaware in the
United States. Halco is the 51% owner of the
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
of
Compagnie des Bauxites de Guinée
Compagnie des bauxites de Guinée (CBG) is a Guinean mining company. Since 1963 it has extracted bauxite from the notable mine in Sangarédi, in Boké Region in Guinea. It is 49% owned by the Guinean State, with the remainder owned by the Bok� ...
, the primary aluminium
mine and
smelter
Smelting is a process of applying heat to ore, to extract a base metal. It is a form of extractive metallurgy. It is used to extract many metals from their ores, including Silver mining#Ore processing, silver, iron-making, iron, copper extracti ...
operator in Guinea, known as CBG.
The consortium was established in 1962 by Harvey Aluminium Company to mine
bauxite deposits in the
Boké region. Halco/CBG owns the rights to mine bauxite in a 10,000 square kilometer area of northwestern Guinea under a seventy five year lease through the year 2038.
See map
Related organizations
Halco's stock is owned by the following companies:
*Alcoa
Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary ...
– 45%
*Rio Tinto Group
Rio Tinto Group is an Anglo-Australian Multinational corporation, multinational company that is the world's second-largest metals and mining corporation (behind BHP). The company was founded in 1873 when of a group of investors purchased a mine ...
– 45%
* Dadco Investments Limited – 10%
See also
*Aluminium in Africa
Aluminium in Africa originates from bauxite, and within Africa is primarily found in Guinea, Mozambique and Ghana. Guinea is by far the biggest producer in Africa, and is a world leader in bauxite production.
There are many companies involve ...
* Aluminium in Guinea
* Gite
References
External links
Halco MiningCBG page at Halco
Aluminium companies of Guinea
Mining companies of Guinea
Alcoa
{{Alcoa