Ashapura Minechem Limited announced that its overseas subsidiary has signed a long-term strategic cooperation agreement with China Railway, a Global Fortune 500 company, to jointly develop the Boffa bauxite deposit in Guinea.
The agreement, executed on September 15, 2025, will see China Railway extend support to Ashapura in mining operations, local logistics, and port handling & infrastructure services. According to the company, this collaboration will enhance production capabilities while driving economic growth and supporting sustainable development in the region.
The partnership is also expected to contribute to the welfare of local communities, reinforcing both companies’ commitment to economic upliftment and sustainable growth in Guinea.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.