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MOL signs five-year bauxite shipping contract with Alufer Mining

MOL signs five-year bauxite shipping contract with Alufer Mining
Mitsui OSK Lines (MOL) has inked a five-year bauxite shipping contract with Alufer Mining.

MOL will ship bauxite from the Bel Air bauxite mine in Guinea. In January this year Alufer Mining received all the required permissions from the government of guinea for the building of the mine some 15 km from the coast of the Cap Verga peninsula and expects to start production the thrd quarter of 2018.

Alufer Mining is building an export facility which will enable the loading of capesize vessels anchored 32 km from the coast. MOL will provide shipping services for the mine which is expected to reach 5.5m tonnes of annual production.

MOL said that the current demand of 100m tonnes of seaborne bauxite per year is set to grow 40% by 2025, primarily driven by China.

The contract was signed by Toshiaki Tanaka, MOL’s head of dry cargo, and Bernard Pryor, ceo of Alufer Mining at MOL’s offices in Tokyo.