SMART4SEA Conference & Awards
2018
Learn More
SMART4SEA Conference & Awards
2018
Learn More

Seaborne bauxite transport to grow 40% by 2025, says MOL

mol bauxite
Above image is used for illustration purposes only / Credit: MOL

In line with predictions for 40% growth in seaborne bauxite market by 2025, Japanese shipping company MOL announced the signing of a five year bauxite transport contract with Alufer Mining Limited, an independent mineral exploration and development company with bauxite interests in the Republic of Guinea.

Alufer has received all required permissions from the government of Guinea 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. Under the deal, 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,” the company said.

Alufer CEO Mr. Bernard Pryor and MOL Managing Executive Officer and Director General of Dry Bulk Business Unit Toshiaki Tanaka / Credit: MOL

Related Posts


Share on Facebook0Tweet about this on TwitterShare on Google+0Share on LinkedIn2

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Explore Our Group Sites:

x

Check Also

cma cgm serenity

CMA CGM to address freight transport concerns

"Cargo Value SERENITY" permits a quick compensation for businesses whose goods have been damaged or lost during transport for any reason, including natural disasters. This product is part of CMA CGM's new services plan and will be available worldwide.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. By continuing to use the site, you agree to the use of cookies.more information

Close