Mining

Guinea: Bel Air bauxite deposit completes first shipment

Thursday, 09 August 2018 05:33

Alufer Mining announced this week the start of production of its bel Air bauxite mine in Guinea and first shipment to China. Project construction lasted 18 months and was completed on time and within budget.

The company also erected its own port, berth, export facilities and a 25 km road. During construction, it employed over 1,500 people, 85% of the workforce being Guinean and more than half from local communities.

“We are very proud to reach this milestone. Building a mine within such a short timeframe on a Greenfield site, on time, on budget and with an exemplary safety record is a rare achievement,” commented CEO Bernie Pryor.

Work at Bel Air will now target stable production of 5.5 million tons per year, in addition to Guinea's current production of over 40 million tons. The country is the world’s third-largest aluminum producer.

Located in the Boffa region, the Bel Air mine was financed with up to $205 million by a consortium composed of Africa Finance Corporation, Orion Mine Finance and Resource Capital Funds. This financing is the "first and largest foreign investment in Guinea since the Ebola crisis in 2014".

Louis-Nino Kansoun

On the same topic
DRC extends mining ban on 38 sites in rebel-held Kivu regions Move aims to curb M23 funding from illegal mineral exploitation UN reports $70M...
SolarX secures €15M loan from Afrigreen Fund to expand in West Africa Funds to refinance assets, support solar projects in four countries ...
Buraq Air signs deal for 10 Airbus A320neo jets at Dubai Airshow Carrier aims to modernize fleet, expand routes after conflict disruption Partners...
China lifts its market share from 23.8% in 2016 to 52.5% in 2024, gaining 28.7 points. Imports of industrial machines more than double, rising...
Most Read
01

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
02

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
03

After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...

WhatsApp to Launch Usernames in 2026, Changing How Customers Reach Businesses
04

Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...

Nestlé Faces New Claims of Excess Sugar in African Baby Cereals
05

MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...

Africa HealthTech Bootcamp Opens in Benin With Focus on Regulation and Startup Growth
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.