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Alliance Miniere Responsable seeks approval for US$200M bauxite mine in Guinea

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Alliance Miniere Responsable seeks approval for US$200M bauxite mine in Guinea

France-based Alliance Miniere Responsable is seeking approval for a 15-year mining license to develop a US$200 million bauxite mine in northern Guinea, Bloomberg News reported Oct. 6, citing the president and co-founder of the company, Romain Girbal.

The private bauxite explorer is looking to complete the development of the mine and to ramp up to an annual production of 5 million tonnes by 2019.

"We're on time with respect to our set schedule," Girbal commented.

Alliance Miniere shareholders include French telecommunications billionaire Xavier Niel, former AREVA SA CEO Anne Lauvergeon and Edouard Louis-Dreyfus, president of the shipping company of the same name.