Alufer Bel AIr bauxite mine

Overview:

• Alufer Bel Air bauxite mine. 
  
• London based Mining company Alufer Mining is developing a bauxite mine (Bel Air) and related facilities in northwest Guinea. 
• Alufer has agreed a $205 million finance package to fund the development - $90 million convertible debt and $35 million of equity from a consortium consisting of Resource Capital Funds, the Africa Finance Corporation, Orion Mine Finance and existing in Alufer shareholders, and an additional $80 million senior debt from Orion. 
• Construction began in 2017, production is scheduled to start in the third quarter of 2018.

Ben Naylor - Regional editor