AMR acquires mining warrant at one bauxite mining area in Boké
2017-06-13 17:37:56 [Print]
France-based mining cooperation Alliance Minière Responsible (AMR) was recently granted with a bauxite mining warrant by the government of The Republic of Guinea. The period of validity of the mining warrant is 15 years which can be deferred by 5 years per time repeatedly, according to French media reports.
The mining warrant AMR acquired concerns the bauxite mining area at Prefecture de Boké, Region de Boké in Northern Guinea with at total area of 148 square kilometers and a proven reserve of about 430 million tons. AMR plans to mine 10 million tons of bauxite there annually.
AMR promises:
high-quality infrastructures at mining area;
highly integrated mineral resource development and environmental production and community development; and
transparency.
AMR plans to invest USD200 million for building the project in two phases. Phase I project will finish construction in early 2019 with an expected annual capacity of 5 million tons of bauxite; the annual capacity will reach to 10 million tons after construction of phase II project.
The mining area which AMR acquired in Boké, Guinea holds a proven reserve of 430 million tons with the content of SiO2 of 2.7% on average, and is 40 kilometers away from the ocean outfall of Atlantic and 25 kilometers away from an inland river terminal, with Alcoa’s railway lines passing through. All these advantages guarantee a faster ore removal for AMR and less investment for the early stage of the construction.
AMR, founded in 2015, is a newly established company specially engaged in the development of bauxite in Guinea, and it is the only France-based enterprise for mining mineral resources in Guinea.
The mining warrant AMR acquired concerns the bauxite mining area at Prefecture de Boké, Region de Boké in Northern Guinea with at total area of 148 square kilometers and a proven reserve of about 430 million tons. AMR plans to mine 10 million tons of bauxite there annually.
AMR promises:
high-quality infrastructures at mining area;
highly integrated mineral resource development and environmental production and community development; and
transparency.
AMR plans to invest USD200 million for building the project in two phases. Phase I project will finish construction in early 2019 with an expected annual capacity of 5 million tons of bauxite; the annual capacity will reach to 10 million tons after construction of phase II project.
The mining area which AMR acquired in Boké, Guinea holds a proven reserve of 430 million tons with the content of SiO2 of 2.7% on average, and is 40 kilometers away from the ocean outfall of Atlantic and 25 kilometers away from an inland river terminal, with Alcoa’s railway lines passing through. All these advantages guarantee a faster ore removal for AMR and less investment for the early stage of the construction.
AMR, founded in 2015, is a newly established company specially engaged in the development of bauxite in Guinea, and it is the only France-based enterprise for mining mineral resources in Guinea.
Bauxite Australian Monohydrate 52%min CIF China
Unit:USD/dt
China bauxite producers' sales to production ratio statistics by province by month
Unit: %
