Bauxite News - General

Bauxite export ban from Indonesia drives Guinea's demand; Lindian Resources inks supply deal

  | AlCircle   |

The Australian-listed company with world-class bauxite and rare earth assets, Lindian Resources, has signed a supply agreement with a new cash-rich partner. The company has announced a new six-year arrangement with freight shipping firm C&D Logistics to provide 23 million wet metric tonnes of bauxite from its Gaoual plant in Guinea, West Africa.

Lindian Resources inks supply deal

However, the supply agreement states that the two companies will negotiate annually to determine the price, quantity, product quality, payment terms, and delivery specifics over the six-year deal period, which begins in 2025.

C&D Logistics' parent business, Xiamen C&D, has a healthy financial standing and is eager to hasten the construction of the Gaoual project. In the previous year, Xiamen recorded net assets of USD$23.77 billion and net after-tax income of USD$1.62 billion.

Lindian is prepared to advance and build logistics infrastructure before things change right after the agreement. It anticipates a reasonably low-cost capital investment to keep the operation running.

Asimwe Kabunga, the Executive Chairman of Lindian Resources, said, "The recent ban on bauxite exports from Indonesia has increased the demand for Guinea's bauxite and, in some cases, accelerated project development activities. Today's agreement reflects this. We have a relatively short window to achieve a supply of the first 3 million WMT in 2025, which is less than two years away. As such, our immediate focus is to advance negotiations to lock in logistics infrastructure access rapidly and secure contract mining services. This ensures start-up capex is relatively modest given it's a straightforward bulk mining, screening and transport operation."

Global Aluminium Industry Outlook 2023

The project includes a 102 million tonne indicated mineral potential, with 84 million tonnes of high-grade bauxite containing 51.2 per cent alumina.

One of only two deposits of its kind in Guinea, Gaoual's deposit is referred to as a 'conglomerate bauxite' and has been mined for 30 years. Conglomerate bauxite deposits are ore bodies with dense stratification carried by water over millions of years. They frequently have considerably higher grades, which may have helped them find a wealthy companion.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Related Business Leads
Buying request Aluminium 6063 Scrap
Interested to buy aluminium 6063 scrap in 1MT pallets in bundles of wire mesh. Destination - CIF Europe
Posted On : 09/Aug/2023

Buying request Pet Coke
Interested to buy pet coke. Price : CIF Dar es Salaam,Tanzania Destination port : Ndola, Zambia
Posted On : 25/Jul/2023

Buying request Bauxite
We are looking for suitable buyers of aluminium alloy ingot LM6 ● Refer attachment for product specifications. Destination: Any port in India
Posted On : 20/Jul/2023

Waste-free processing of Bauxite & Red Sludge – Selling of the IP. The invention relates to the production of alumina from bauxite ores in an efficien...
Posted On : 15/Jul/2023

Selling offer Bauxite Ore Alumina 60%
Kind Attention Buyers End User Importers of BAUXITE ORE Minerals we have constant supplies from our mines sources of ALUMINA (AI2O3) 60%> the full shi...
Posted On : 02/Mar/2023
Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals

Alternate Text
CETAG

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Alternate Text
IBAAS-JNARDDC 2023

4-6 December 2023 at Chitnavis Centre in Nagpur, India.

Alternate Text
IGUN METALS AND FINANCE INC

Global supplier of aluminium alloy and base metals from Africa