Guinea Bauxite Mining and Trading Company (GBTC)

Guinea Bauxite Mining and Trading Company started its journey in November, 2016. We are a registered business in the Republic of Guinea. We have come a long way since then. We have been given rights to explore Bauxite in the districts of Boffa and Telemele. CHALCO operates mines in Boffa and has estimated bauxite reserves in their mines at 736 million tons. Eurasian Resources estimates Bauxite reserves in their mine in Telemele at 5 billion tons.

Whitepaper

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What is Guinea Bauxite Mining and Trading Company

We are strictly speaking, not a technology company. We are a mining company. This token sale is synonymous to an Initial Public Offering. We are just offering tokens using blockchain technology instead of stocks to raise money to start our operation. We have just started our token presale.

The total supply of GBTC tokens is 100 million units. The token type is ERC20. Once done with the presale we will list our token with all the major cryptocurrency exchanges. Our tokens are backed by real assets as we have already mentioned. Each and every token is backed by bauxites in our mines.

There is an estimated 18 million tons of bauxites in our mines. We need money to mine these confirmed bauxite reserves and explore the area we have been given rights to for more reserves. The 18 million tons of bauxite ready to be mined is valued at almost 700 million dollars in real market price. Bauxite is refined into Aluminum. Aluminum is used for high grade manufacturing for example cars, airplanes etc. Tesla uses aluminum to die cast their cars.