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
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Madagascar’s president dismissed the prime minister and dissolved the government. A new prime minister will be appointed under constitutional...
Côte d’Ivoire has launched a drive to recruit 2,000 contract science teachers. The move aims to ease growing math and science teacher...
Around 73% of land in sub-Saharan Africa is held under customary systems, far above the global average. Yet only 1% of these lands are formally...
The cost of a smartphone equals 26% of monthly GDP per capita in Sub-Saharan Africa, compared with 16% in other low- and middle-income...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...