MOL signs deal with Alufer Mining Limited to transport bauxite from Guinea
Mitsui O.S.K .Lines Ltd. held a signing ceremony for a five year bauxite transport contract with Alufer Mining Limited, the company said in its press release.
Alufer has received all required permissions from the government of Guinea with regard to building the Bel Air bauxite mine and construction commenced in January 2017. The Bel Air mine is located 15km from the coast near the Cap Verga peninsula, 120km north of Guinea's capital, Conakry and has a JORC compliant resource of over 146mt of trihydrate bauxite with low reactive silica. Alufer is building and will operate the new Cap Verga export facility which will enable the loading of Capesize vessels anchored 32km from the coast. Bauxite production is scheduled to start in the third quarter of 2018 and reach production of 5.5 million tonnes per annum. MOL's ocean shipping services will support the project.