Major exciting news for Guinea emerged when Ashapura Minechem made its official announcement of successfully completing a crucial bridge over the Konkouro River in Guinea. It directly reflects the firm's step forward for its personal development in bauxite mining. The announcement was made officially after the regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
This newly built bridge marks the "first-of-its-kind" project for Ashapura Minechem,which aids in building a direct connection between the Boffa East mines and the logistics corridor that leads to Boffa Port. Starting from the Konkouro River, which is deemed to be one of the largest rivers present in Guinea, this bridge supports the long-standing accessibility issues, enabling access to the eastern part of the mining lease area, which was previously out of reach.
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The effective construction of this bridge directly enables direct access to the substantial bauxite reserves, which were previously located in inaccessible locations. The area is estimated to hold nearly 80 million tonnes of high-quality exportable-grade bauxite. However, after building this bridge, the region is able to access a direct connection to the Boffa Port, which significantly enhances the company’s ability to access resources and manage export logistics.
Apart from the operational benefits, this project highlights Ashapura Minechem’s dedication to improving the local landscape and boosting the overall bauxite production in the Boffa region. This project not only supports the firm's mining efforts but also plays a crucial role in improving Guinea’s overall mining infrastructure.
With the bridge now successfully operational, Ashapura Minechem is in a great position to enhance its bauxite extraction and export processes, ensuring better access to top-quality resources and a more streamlined logistics system throughout its operations in Guinea.
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