On the afternoon of August 26, Mr. Friday Gao, senior analyst of Asian Metal visited Alufer Mining in Londo and talked about Chinese alumina and global bauxite markets with Mr. Tristan Clarke, Commercial Director of Alufer.
According to Mr. Tristan, their bauxite project with the first stage annual capacity of 5 million tons is scheduled to come on stream in Q4 this year and they plan to sell bauxite in early 2018. The whole investment cost for the first stage project is around 200 million dollars. The alumina and silica content for their bauxite is 47% and 2% respectively. They will not only sell to China but also to Europe and America.
The project got related official approvals in this June and finished financing in August.
