Alufer Mining completes feasibility study for Bel Air bauxite

Alufer Mining Limited has completed the initial Bankable Feasibility Study for the proposed Bel Air Project in Guinea with an estimated capacity of 10.3Mtpa. This is the first towards Alufer’s plan to develop 30Mtpa to cater to China’s growing bauxite needs.

After just two years from the first drillhole, the company was able to produce the feasibility report as well and by March 2015, the project should go into construction and by January 2016 and the initial production should begin producing 4.8Mtpa initially.

The next phase of Alufer’s plan involves the development of the Labe project using the cash flows from Bel Air. The Labe project has a 2.5 billion tonne JORC resource.

Once the construction at both the sites is complete, the combination of these two projects is likely to provide China with the promised 30Mtpa for the next 20 years.

The Bel Air project is located 15km away from the coast near the Cap Verga peninsula and 120 km away form Guinea’ capital city Conarky.