rss icon Subscribe
desktop mobile

MOL Signs Bauxite Transport Deal with Alufer Mining

Left: Alufer CEO Bernard Pryor Right: MOL Managing Executive Officer and Director General of Dry Bulk Business Unit Toshiaki Tanaka. Photo: MOL

By Aiswarya Lakshmi

Mitsui O.S.K .Lines (MOL) announced that it held a signing ceremony for a five year bauxite transport contract with Alufer Mining .The contract was signed by Toshiaki Tanaka, MOL's Head of Dry Cargo, and Bernard Pryor at MOL's offices in Tokyo.

Republic of Guinea based independent mineral exploration and development company Alufer has received all required permissions from the government with regard to building the Bel Air bauxite mine and construction commenced in January 2017.
The Bel Air mine is located 15km from the coast near the Cap Verga peninsula, 120km north of Guinea's capital, Conakry and has a JORC compliant resource of over 146mt of trihydrate bauxite with low reactive silica.
Alufer is building and will operate the new Cap Verga export facility which will enable the loading of Capesize vessels anchored 32km from the coast. Bauxite production is scheduled to start in the third quarter of 2018 and reach production of 5.5 million tonnes per annum. MOL's ocean shipping services will support the project.
MOL continues to take a proactive stance in providing safe, reliable and efficient transport of bauxite from the Republic of Guinea and anticipates strong growth in demand for this commodity in that the current market for seaborne bauxite is approximately 100mt per annum and is forecast to grow 40% by 2025, primarily driven by import requirements in China.
Incorporated in June 2010, Alufer is an independent mineral exploration and development company with significant bauxite interests in the Republic of Guinea.

Dec 5, 2017

 

Bulk Carrier Trends

Fleet Of Babycapes Is Growing: Oldendorff

 Photo: Oldendorff

Oldendorff Carriers has recently increased the number of owned bulk carriers in it Babycape

Eagle Bulk Completes $265 Mln Refinancing

Pic: Eagle Bulk Shipping Inc.

Eagle Bulk Shipping, through its wholly-owned subsidiaries Eagle Bulk Shipco and Eagle Shipping LLC

Starting Development of Next-generation Coal Carrier

Location of LNG Fuel Tank and Scene of the certification reception. Photo: MOL

Mitsui O.S.K. Lines announced that MOL, Tohoku Electric Power Co and Namura Shipbuilding have

Contracts

Nisomar Awarded First Launch Services Contract

(Photo: Nisomar)

The new data-driven maritime services company Nisomar confirmed a launch services partnership

ABS Partnership Enhances Safety in Ghana’s Offshore Industry

Photo: ABS

ABS, a leading provider of classification and technical services to the marine and offshore

Austal, JR Kyushu Jet Ferry Developing New Vessel Concept

Render of the proposed 80 meter trimaran high speed passenger ferry concept for JR Kyushu Jet Ferry, announced in Japan (Image: Austal)

A Memorandum of Understanding (MOU) between Austal Australia and JR Kyushu Jet Ferry will see the

Maritime Apps