trending Market Intelligence /marketintelligence/en/news-insights/trending/6rw9mrls37kvqkd2jvnc2a2 content esgSubNav
In This List

Ivorian miner, Sumitomo in talks for US$375M bauxite venture

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Ivorian miner, Sumitomo in talks for US$375M bauxite venture

Cote D'Ivoire miner Lagune Exploitation Afrique is in discussions with a Sumitomo Corp. unit over a potential US$375 million bauxite venture, Bloomberg News reported May 29, citing Lagune CEO Moumouni Bictogo.

Lagune is developing the 34.5 million-tonne Benene bauxite deposit in the country that aims to produce 750,000 tonnes of bauxite and 350,000 tonnes of calcinated metal per year. It also plans to construct two plants by 2025.

Bictogo said the company is offering a 25% interest but declined to comment further on the talks with Sumitomo Corp. Africa Pty. Ltd. A Sumitomo executive also declined to comment on the matter, according to the report.