Halco Mining
Encyclopedia
Halco Mining is an aluminium
company based in Guinea
. The company is organized under the laws of the state of Delaware
in the United States
. Halco is the 51% owner of the stock
of Compagnie des Bauxites de Guinee, the primary aluminium mine
and smelter 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 through the year 2038.
Aluminium
Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances....
company based in Guinea
Guinea
Guinea , officially the Republic of Guinea , is a country in West Africa. Formerly known as French Guinea , it is today sometimes called Guinea-Conakry to distinguish it from its neighbour Guinea-Bissau. Guinea is divided into eight administrative regions and subdivided into thirty-three prefectures...
. The company is organized under the laws of the state of Delaware
Delaware
Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...
in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Halco is the 51% owner of the stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of Compagnie des Bauxites de Guinee, the primary aluminium mine
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
and smelter operator in Guinea, known as CBG.
The consortium was established in 1962 by Harvey Aluminium Company to mine bauxite
Bauxite
Bauxite is an aluminium ore and is the main source of aluminium. This form of rock consists mostly of the minerals gibbsite Al3, boehmite γ-AlO, and diaspore α-AlO, in a mixture with the two iron oxides goethite and hematite, the clay mineral kaolinite, and small amounts of anatase TiO2...
deposits in the Boké
Boké
Boké is the capital city of Boké Prefecture within the Boké Region of Lower Guinea near the border with Guinea-Bissau. It is also a sub-prefecture of Guinea. Located along the Rio Nuñez which flows to its not-too-distant mouth on the Atlantic Ocean, Boké is a port. It is known for the Fortin de...
region. Halco/CBG owns the rights to mine bauxite in a 10,000 square kilometer area of northwestern Guinea through the year 2038.
Related organizations
Halco's stock is owned by the following companies:- AlcoaAlcoaAlcoa Inc. is the world's third largest producer of aluminum, behind Rio Tinto Alcan and Rusal. From its operational headquarters in Pittsburgh, Pennsylvania, Alcoa conducts operations in 31 countries...
– 45% - AlcanAlcanRio Tinto Alcan Inc. is a Canadian company based in Montreal. It was created on November 15, 2007 as the result of the merger between Rio Tinto PLC's Canadian subsidiary, Rio Tinto Canada Holding Inc., and Canadian company Alcan Inc. On the same date, Alcan Inc. was renamed Rio Tinto Alcan Inc..Rio...
– 45% - Dadco Investments Limited – 10%