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International consortium invests USD205 million in Alufer Mining to develop Bel Air bauxite mine

2017-02-09 08:50:09  【Print】
BEIJING (Asian Metal) 9 Feb 17 - An international consortium, including Africa Finance Corporation, Orion Mine Finance and Resource Capital Funds, will invest $205 million in Alufer Mining Limited to fund the development of Guinea-Conakry's high grade bauxite reserves.

At present, Alufer Mining holds a ratified mining convention in the Bel Air project of western Guinea and licenses related to the Labé Project in the central part of the country. The company, which has declared over 3 billion tonnes of bauxite at the Bel Air and Labé projects, expects to produce 5.Asian Metal Copyright At present, Alufer Mining holds a ratified mining convention in the Bel Air project of western Guinea and licenses related to the Labé Project in the central part of the country.Asian Metal Copyright5 metric tonnes per year of the commodity from Bel Air within 18 to 24 months.

About Alufer Mining Limited

Alufer Mining Limited is an independent mineral exploration and development company with significant bauxite interests in the Republic of Guinea.



.Asian Metal CopyrightBEIJING Asian Metal 9 Feb 17 - An international consortium, including Africa Finance Corporation, Orion Mine Finance and Resource Capital Funds, will invest $205 million in Alufer Mining Limited to fund the development of Guinea-Conakry's high grade bauxite reserves.Asian Metal Copyright

Bauxite

45%min FOB Malaysia

Unit:USD/mt
China's secondary aluminum alloy producers' average production capacity statistics by province by month
Unit: mt