The Guinean government and the company Alufer signed the mining convention for the bauxite project in Bel Air on 1 February 2016 in Conakry.
The agreement is a milestone that will contribute to the development of the mining sector in Guinea, helping in the creation of direct and indirect jobs and supporting local development. The project will also generate significant revenues for the State of Guinea.
After the ratification of the mining agreement in the Guinean Parliament, main construction will begin in the second half of 2016, with commercial production beginning at the end of 2017.
Production levels for the first phase of the project are estimated at 5 million tons per year. This is planned to increase to 10 million tons within 5 years.
The project will create about 3,500 direct and indirect jobs during the construction phase.
All activities will be conducted in accordance with the standards of the International Finance Corporation (IFC, World Bank Group) on the environment, economic development, employment, communities and transparency.
Alufer plans to extract bauxite using surface equipment that limits negative impact on the environment and local communities, with transport undertaken by trucks which will be loaded onto barges that deliver vessels at sea.