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 . 5 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.
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