Tag Archives: Bauxite
Following the news of several new discoveries which have tripled the estimates of the nation’s Bauxite reserves, the mining prospects of Mali is poised for massive growth. The country is already a leading Gold producer being the third leading producer of gold in Sub-Saharan Africa and the output is estimated rise with mining giants such as Hummingbird Resources (Yanifolila Gold Project) and B2Gold (Fekola Gold Project) starting production there.
Africa Finance Corporation (AFC) has announced that a plan to invest 205 million USD in Guinea as an effort to help boost mineral exploration in the country through Alufer Mining Company (a Guinea based mineral exploration company) at their high grade bauxite reserve, Bel Air mine. The Bel Air mine is targeting release its first production by 2019 with an expected 10 million tonnes a year. The global bauxite supply is currently falling deficit to growing demand and thus, the development of AFC will increase production to contribute to global demand.