Bauxite News - General

Lindian Resources adds 8 new prospective tenements to its African bauxite portfolio anticipating robust aluminium market

AL Circle

Lindian Resources Limited concluded the fiscal year 2021 on a good note, with eight new highly prospective tenements added to its existing portfolio in the West African bauxite hotspot in Guinea. According to the report, Lindian secured the tenements through the Lushoto and Pare bauxite projects in Eastern Tanzania’s Mozambique Belt.

Lindian Resources adds 8 new prospective tenements to its African bauxite portfolio anticipating robust aluminium market

{alcircleadd}

This puts Lindian Resources in a strong position as it believes that there will be a sustainable need of bauxite supply in the future to feed the burgeoning aluminium demand. According to Lindian, the usage of aluminium will grow significantly in wind and solar power, carbon storage, electric vessels, electric motors, and energy storage markets.

The company also believes that aluminium being a lightweight, recyclable metal will play a key role in manufacturing as well as curbing carbon emissions. The aluminium production sector is becoming progressively more focused on reducing carbon emissions, and Lindian's high alumina-content-bauxites will allow a greater level of transport and processing efficiencies.

While Lindian has been traditionally focused on its 75%-owned Gaoual bauxite project in Guinea, it has recently discovered an opportunity to broaden its assets in Guinea by securing a Tier 1 Lelouma asset - a high quality resource of 900 million tonnes, and Woula asset, which is only 10 kilometres away from the existing haul road linked to a river port.

Outlook for the Indian Aluminium Industry

Lindian aims at combining all these regional assets to create a logistical network along the Northern Corridor.

Edited By:


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


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.

Related
Business Leads
Interested to buy bauxite ore. Total Quantity: As per buyer...
19-Jan-2024 Buying request

Interested to buy bauxite. Please share prices for highest,...
16-Dec-2023 Buying request

Interested to buy bauxite. Please share prices for highest,...
11-Dec-2023 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads