https://www.miningweekly.com

France’s AMR seeks rights for $200m Guinea bauxite mine

7th October 2016

By: Bloomberg

  

Font size: - +

ABIDJAN – French bauxite explorer Alliance Miniere Responsable said it filed for permission to develop a $200-million mining project in northern Guinea.

AMR seeks the right to mine bauxite in the West African nation’s Boke district for at least 15 years, Romain Girbal, president and co-founder of the Paris-based company, said in an e-mailed statement on Thursday. The company wants to complete the development of the mine and lift annual output to 5-million metric tons of the ore by 2019, he said.

“We’re on time with respect to our set schedule,” Girbal said in the statement. Guinea “has strong ambitions to develop the industry and has regulations in line with the best international practices.”

Investment in Guinea’s bauxite mines is key to unlocking faster economic growth in country, which holds more than a quarter of the known reserves of the ore that gets processed into aluminum. Guinea will pass Australia to become China’s main source of bauxite in 2017 as the International Aluminum Institute forecasts that shipments will reach 13-million metric tons this year, up from just 300 000 tons in 2015.

Privately held AMR’s shareholders include French telecommunications billionaire Xavier Niel, along with former Areva SA CEO Anne Lauvergeon and Edouard Louis-Dreyfus, president of the shipping company that bears his name, the company said in January.

Edited by Bloomberg

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.066 0.109s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: