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Check back here regularly for up to date news on AAM, Guinea and the bauxite industry.

As reported on www.africaintelligence.com 9th May 2017

 

Chinese group China Energy Conservation and Environmental Protection Group (CECEP) has mandated Chinese engineering firm ShanDong Harbour Engineering Group Co and Germany’s Inros Lackner to carry out a feasibility study for the extension of the mineral terminal in the port of Conakry.


The extension will eventually be used to evacuate bauxite produced by Forward Africa Resources S.A. (FAR), a subsidiary of Irish firm Anglo-African Minerals plc (AAM), which was recently granted two exploitation permits in west of Kindia (AMI 390), as well as ore produced by other companies active in the mining sector in Guinea. However, before assessment can get underway, CECEP and the Conakry authorities must first sign the port agreement that is still being drawn up.

The new port structure’s environmental impact assessment will be carried out by Guinea’s bureau for sustainable development, Bureau G​uinéen d’expertise en environnement pour le développement durable.

 

© Indigo Publications.

As seen on www.guinee24.com

Environment: Environmental and Social Impact Study of Mamou and Tougué Research Project Submitted for Evaluation

July 29, 2015

For two days, the members of the Study and Environmental Office (BGIE), members of the Technical Committee of Environmental Analysis (CTAE) and other environmental specialists gathered in Conakry from 27 to 28 July 2015 to discuss the environmental and social impact study proposals from bauxite research projects of the mining company Société Minière D’Alumine S.A. (SOMALU) in the prefecture of Mamou more specifically Soyah, Dounet and Kegneko and Tougué Bauxite and Alumina Corporation S.A. (TOUBAL) in the prefecture of Tougué specifically in the sub-prefectures or rural towns of Kollet, Kouratongo, Kansangui and part of the urban commune of Tougué whose project is in the testing phase.

 

During the field visit, which lasted three months, the consultant has conducted public consultations in the project area. From the analysis of the impacts of the project, the construction activities of access roads and stripping land for layonnage in the grip of the license will have a minor impact on air quality, surface water and underground.

 

According to the (BGEI) overall impact on the physical environment is estimated negative, minor, and some reversible.

 

In the field of the human environment, particularly in the prefecture of Mamou by the company (SOMALU) studies conducted by the Guinean Bureau of Studies and Environmental Engineering (BGIE) indicate that the noises of the machines will be felt throughout construction of access roads and stripping of land for purposes of layonnage but at a low level. The income of people in the area will experience an improvement. People will benefit from support in infrastructure construction. Trade and traffic will experience a boom in the coastal villages.

 

As we know, invariably mining operations have environmental and social impacts, some positive, some negative. It is in this sense that the Guinean Bureau of Studies and Environmental Engineering (BGIE) conducted field work for several months before moving to the operational phase planned soon by the Company TOUBAL in the prefecture of Tougué.

 

Again, studies have indicated that the destruction and pollution of the soil will be low. [Where] air emissions affect the air quality of the local study area, [it was] strongly expressed that several measures will be proposed and used to minimize various impacts. In degraded soils, replacing heap sterile resulting from the stripping and soil excavation will be used to soften and protect surfaces against the erosion.

 

And in the same vein, Michel Pothier, Director General SOMALU and TOUBAL was interviewed by GUINEE24.

 

"I really would like to assure you that we will do everything possible using the most innovative solutions to achieve the environmental objectives in every phase from research through to mining [the] bauxite deposit, taking account of the national administration, international standards and community aspirations by being closer to local populations and understanding their concerns.” Pothier said.

 

Obviously a mining project can not develop and grow without a study to predict future problems related to environmental and social issues.” Pothier continued. “We will endeavor to meet the constraints and thanks to your feedback, we will be able to implement an environmental and social management plan that will win for all parties."

 

Fassouma Camara, mining engineer, environmentalist, head of the Guinean research department of engineering and environment, director of the two notices. "We conducted this study in accordance with the regulations and concerns of donors. You know, the provisions of the Environmental Code, the Mining Code stipulate in each phase of the mining operation corresponds to a study. So in the research phase [it] is the environmental impact statement ".

 

Under various campaigns by the BGIE in Mamou and Tougué, people expressed their concerns and expectations for these mining projects including infrastructure development, job priority for the local population with equal skills and also the possible compensation of persons who lose their property.

 

Fassama Kourouma, mining engineer and general coordinator of mining projects in the Ministry of Mines and Geology, Chair of the technical committee of environmental analysis and his team have made various comments on these two companies that are in the research phase. "It's a look of satisfaction that I wear on the two notices namely Mamou and Tougué by the seriousness that the consultant had to do on the ground with local people and also through documentation.  What is our objective here? In accordance with the Mining Code which says that mining exploration, mining projects must submit an environmental impact statement to prepare the company for future environmental impact study. The CTAE which I lead today was to comment, give advice to the office they are trying to ensure that there is less environmental impact on the business.

 

For him, "the two notices have been validated because they take into account our different representations, and the final report will be accepted subject to compliance with the various comments that have been made to them respectively.

 

With Bauxite resources among the largest of Guinea (2 BT) TOUBAL and SOMALU are planning to return to production upon completion of the construction of the railway from the central corridor and future ore port of Conakry.

 

Balla Yombouno, guinee24.com, Conakry

 

Tel: 6647453654

 

Categories: Politics

As seen on www.guineenews.org

July 28, 2015

Two Bauxite Mining Companies Present Their Environmental and Social Impact Studies for Somalu and Toubal.

For two days from Monday, July 27, 2015, members of the Technical Committee of Environmental Analysis (CTAE) composed of different cadres of ministries heard presentations regarding the Environmental and Social Impact Studies from Société Minière D'Alumine S.A. (SOMALU) and Tougué Bauxite and Alumina Corporation S.A. (TOUBAL) reports your daily online Guineenews.org.

 

The Environmental and Social Impact Study is an exercise that allows these companies to minimize the impact they exert in the realization of their activities. For the CEO of both companies, Michel Pothier, "it is obvious that a mining project can not be designed and developed without a [robust evaluation of] that environmental work to predict future problems related to environmental and social issues. We will try to meet the constraints and, thanks to your feedback, we will be able to implement an environmental management plan that will win for all parties. [Local] people will also find work. he said.

 

For the director of the research department and environmental assessment (BEEE) submit this work to create a consensus among all the departments involved in the projects on the technical content of these reports.

 

All these Guinean companies are subsidiaries of Anglo-African Minerals plc (AAM). SOMALU has a bauxite exploration permit covering rural towns to Kegneko, Dounet and Soyah in Mamou. As for TOUBAL, it also covers Kollet sub-prefectures, Kouratongo, Kansangui and part of the urban commune of Tougué.

 

"It must be said that these projects will have effects on the ecosystem, given the fact that the study area is rich in vegetation and value of species. It [must] also not be omitted that the economic impact of these projects will be of considerable importance. Both in terms of the generation of income paid to the government, the improvement of social infrastructure in the prefectures and economic benefits to local communities including job creation" noted Fassouma Camara Director of the Guinean engineering and design department of environment (begie) and director of the two notices.

 

This should lead to an improved standard of living in these rural communities. On this point, the promoter Michel Pothier reassures, "I really want to assure you that we will do everything utilising the most innovative solutions for achieving environmental objectives in research phases, then taking into account the national, international standards and community aspirations being closer to the local people to know their concerns while mining bauxite deposit. "

 

After these two days of work, Fassama Kourouma, general coordinator of mining projects in the Ministry of Mines and Geology and Chairman of CTAE and his team have made comments on the records of the two mining companies in the research phase. "It is a look of satisfaction that I wear on the two notices namely Somalu Toubal by the seriousness and the consultant had to do on the ground with local people and also through documentation. The objective here, in accordance with the Mining Code which says that research mining projects must submit an environmental impact statement to prepare the company for future environmental impact study. The CTAE which I lead today was to comment, to advise the design office so he tries to make sure he has less environmental impact on the business" before concluding that the two notices were validated.

 

From the pages of...

Anglo-African Minerals Appoints Project Manager

4 February 2015 | 09:38am

 

StockMarketWire.com - West Africa-focused Anglo-African Minerals has appointed Anthony McCabe as project management and construction consultant.

 

McCabe is a professional project director with more than 35 years' international experience in the bauxite and alumina industry with companies such as BHP Billiton and Alcan International.

 

His experience during the past 10 years in Guinea was as senior vice-president and project director of Global Alumina's interests in the development of a bauxite mine, alumina refinery and associated infrastructure.

He is currently an independent consultant advising on a number of projects worldwide.

Also seen in...

Anglo-African Looks to the Near-Term with its FAR Bauxite Deposit

January 19th, 2015

by Ian Lyall

The junior mining space is littered with “jam tomorrow” stories where a lack of scale, funds and/or nous ensures failures outnumber the success stories.

 

Perhaps they should take a leaf out of the handbook being compiled by GXG-listed Anglo African Minerals (GXG:AAM).

 

The owner of four bauxite licences in Guinea, it has what looks to be a fairly realistic plan to get its first project, FAR, into production by the third quarter of next year.

 

Requiring 40mln [us$] of capital investment to build a 3mln tonnes a year operation, the economics look compelling with the net present value of the operation put at US$163mln and the life of mine free cash flow estimated to be US$294mln.


At 43mln tonnes, the deposit isn’t particularly large; however, grades of 42% alumina and just over 3% silica are typical of the area and make for a very saleable product.

 

Of course, with any project, especially one in Africa, infrastructure is key, particularly transportation links to the nearest export terminal.

 

FAR sits just 23km to the rail line used by Russia’s RUSAL to take its output to the port of Conakry.  Chief executive James Lumley reveals negotiations with authorities for access to the line have gone “reasonably well” to date with more talks scheduled soon.

 

This is all part of the preparatory work required to develop a shallow, open-cut ‘truck and shovel’ operation at FAR.

 

The contract for the environmental study should be awarded by the end of next month, while the all-important bankable feasibility study (BFS) required by lenders will get underway soon after.  The recent round of drilling, meanwhile, will allow the firm to promote some of the resource from the inferred to the higher confidence indicated category to be included in the BFS.

 

Having secured a convertible loan note for £10mln from a group of investors put together by mining veteran John O’Connor, AAM has the cash necessary to carry out the preparatory work.

 

Funding the project is another matter.

 

Lumley reveals there are potential buyers of FAR’s bauxite that might also agree to bankroll the project, including the 7mln [us$] equity portion.

 

“We are in discussion at an initial stage with off-takers in the Middle East.  Chinese companies have been circling us, but that’s been the extent of it,” CEO Lumley said.  “If we got our funding via an off-take agreement that would be ideal for us. If that happened then good; if not we would go down the traditional route.”

 

That traditional route would require tapping the debt market in some form as well as AAM’s shareholders.

 

FAR is just one project. Earlier this month it completed an inferred resource statement for the Toubal Project, a heavyweight in comparison to FAR at 722mln tonnes averaging almost 43% alumina.

 

The fact it is tucked right away in Guinea’s interior makes this one for the future – or at least until the Bamako to Mali or Simandou rail line is built.

 

The cash flow from AAM’s first mine will help fund work on Somalu, which, with 1bn tonnes at 44% alumina, would very easily support a 5mln tonne year operation at an initial capital cost of 200mln. However, given its scale, it is unlikely the firm would develop the Somalu on its own.

 

Its size also means the operation will require its own facility at Conakry and the company is already looking to enter in to an agreement with the Port Authority on a parcel of land.

 

Unlike other bulk commodities, the appetite for bauxite shows no signs of being sated.

 

Even before Indonesia’s mineral export embargo, which threw the market into turmoil, it was reckoned that there was a 15mln tonne shortfall between supply and demand.

 

And with China’s stockpiles running down and other countries perhaps looking to follow the lead set by Indonesia, there is demand for far more producers than we have today.

 

Lumley believes is in excellent shape to tap into this buoyant market: “Its location near existing infrastructure, the fact it is bite-sized, so the capital requirements aren’t huge, means we are in a good position to take this quickly into production.”

Anglo-African Seeks $40m for Project in Ebola Hit Nation

January 18th, 2015

From Business Irish - www.Independent.ie

James Lumley Interviewed on Stock Tube

January 14th, 2015

AAM Gets Positive Results from Scoping Study

December 17th, 2014

By StockMarketWire | Tue, 16th December 2014 - 09:37

Anglo-African Minerals subsidiary Forward Africa Resources has received positive results from its recently completed scoping study on its bauxite project in Guinea.

 

Highlights for the base case:

· Development of a 3Mtpa bauxite export operation with a planned product specification of 41.9% Al2O3, 3.4% SiO2, and a planned moisture content of 11%;

· Internationally compliant Inferred Mineral Resource, with opportunity to expand the current resource of 43Mt to extend mine life;

·  Preliminary results from current exploration infill drilling campaign due in early 2015;

· Shallow open-cut mine, utilising conventional drill and blast, truck and shovel operations, with 15 years of mine production;

· Utilisation of existing third-party operated rail and port infrastructure.

· LOM free cash flow of USD294 million;

· Free on Board (FOB) estimated average selling price of USD33.25/t bauxite;

· Positive cash flow within 12 months of commission; and

· Positive Net Present Value of USD163 million.

 

Chief executive James Lumley said: "The scoping study of the FAR Bauxite Project base case indicates a positive NPV which is a multiple of the Company's market capitalisation. The Board considers that this can be elevated through additional drilling to increase the existing 43 million tonne resource base and potential life of the mine. The Board have elected to prioritise the development of the FAR Bauxite Project through the establishment and commencement of more detailed fast-tracked technical studies focused on the material aspects of the project. I look forward to updating shareholders over the forthcoming months as we continue the development of our priority FAR Bauxite Project."

The Telegraph Click here to read the story on The Telegraph website
Interactive Investor Click here to read the story on the Interactive Investor website
StockMarketWire Click here to read the story on StockMarketWire

West African Exports of Bauxite Unaffected by Ebola

October 31, 2014

SINGAPORE — Bauxite exports from West Africa are holding up, according to the International Aluminium Institute, as the region that ships about a fifth of seaborne supplies tackles the worst outbreak of Ebola on record.

 

"There’s no indication at this stage that there’s been any impact on any shipments from that region," said Ron Knapp, secretary-general of the institute. "We’re optimistic this is a short-term issue. It will be resolved."

 

The spread of the disease this year spurred concern that exports of the raw material used to feed the aluminium industry may be disrupted, with BNP Paribas among banks highlighting the potential risks of supply interruptions and surging prices.  Africa’s importance as a bauxite producer has risen since January, when Indonesia banned ore exports.

 

The United Nations (UN) is seeing some progress in its effort to contain the outbreak, according to Anthony Banbury, head of the UN’s mission against the virus.

 

"We’re less concerned about bauxite disruptions at this stage than other, much more concerning elements," Mr Knapp said in Singapore on Wednesday, without giving production figures for the region. "The industry is concerned for the health and well-being of not only the employees and health workers but also the local communities, and the economic and financial hardship."

 

The members of Mr Knapp’s London-based institute represent more than 60% of global bauxite, alumina and aluminium production, according to its website.

 

Bauxite is mined near the surface and refined into alumina, which is further processed into the lightweight metal used in cans and window frames.

 

More than 13,700 people have fallen ill with the virus in Guinea, Liberia and Sierra Leone, with more than 4,900 deaths, according to the World Health Organisation. The virus spreads from contact with bodily fluids. There were also cases in the US, where President Barack Obama said last month that the disease posed a potential global security threat.

 

As much as 20% of global aluminium output may be lost in a worst-case scenario, where African bauxite is unavailable because of Ebola and Indonesia’s ban remains, BNP Paribas said in an October 16 report. Even a smaller disruption may spur prices, wrote Kunal Agrawal, a BNP analyst. Guinea, Ghana and Sierra Leone account for 20-million tonnes of global seaborne bauxite supply, or 20% of the total, according to the bank.

 

The outbreak "has created problems, and as far as Guinea mining exploration companies are concerned, a lot of them will remain static", said Anglo-African Minerals CEO James Lumley. The firm is seeking to develop bauxite assets in the region. "I believe production is still at the same levels as before, so it hasn’t been affected too much."

 

Bloomberg

Anglo-African Minerals' Bauxite Plans in Guinea Unhurt by Ebola

October 30, 2014 - 10:25 GMT

SingaporeAnglo-African Minerals’ plans for a 2 million tonnes per annum bauxite facility in Guinea have not been derailed by the ebola crisis, the company told Metal Bulletin this week.

 

“We will do a scoping study in two weeks and expect to start production in mid 2016,” James Lumley, ceo of Anglo-African Minerals, said.

 

"The bank feasibility study will be done in February 2015 after further drilling next month to upgrade the resource statement", he added.

 

"The ebola crisis has created an economic block in West Africa", Lumley said. He said that regional imports and exports had been hit, along with international trade movement.

 

“Some junior miners in Guinea have been static with project developments as investors grow nervous of the crisis,” he said.

 

“We think this a short-term crisis with a long-term solution,” he added.

 

Guinea’s annual bauxite output is 17 million tonnes and it holds 40% of the world bauxite reserves. However, the country has infrastructure problems.

 

Miners such as Anglo-African Minerals and Alufer Mining are therefore looking to tap in on the existing infrastructure facilities to lower costs.

 

Anglo-African Minerals’ project is located in the Kindia region in western Guinea where Rusal’s 3.2 million tpa capacity is also situated.

 

“There has been a major shift since the new mining code of 2013, with some agreements reached with Chinese companies,” Lumley said.

 

Example, the mining code called for all mining licenses to be published on the government website.

 

There are three levels of permits in Guinea: exploration; exploitation; and mining concession. The exploitation permit lasts for 15 years while the mining concession lasts 25 years, the company explained.

 

There are corresponding levels of surface royalty payable with each of those licenses starting with $10 per sq km for bauxite when a company first get an exploitation licence, rising to $300 on second renewal of mining concession.

 

Another change is the profit tax that has been reduced from 35% to 30%.

Guinea-Focussed Developer Moves To Fill Bauxite Supply Breach

October 20, 2014

from MiningWeekly.com

JOHANNESBURG (miningweekly.com) – Ireland-based Anglo African Minerals is looking to fast-track its 43-million-ton Guinea-based bauxite project into production by 2016, telling Mining Weekly Online that production from the 338 km2 project would go some way towards filling the supply deficit resulting from the implementation of a ban on unprocessed bauxite ore exports from primary producer Indonesia earlier this year.

 

The company had, thus far, drilled some 68 auger holes at the Forward Africa Resources, or Far, project, in the Dubreka/Kindia prefecture, and planned to complete a scoping study by the end of November.

 

Additional drilling would follow in mid-November, while the company aimed to have completed a bankable feasibility study by the first quarter of next year.

 

“If all goes well, we plan to start construction at the end of 2015 and to have the mine producing two-million tons a year by the first quarter of 2016,” CEO James Lumley said on Monday.

 

He added that the project’s ability to access additional rail and port infrastructure would enable the fast-tracking of the development and would limit the project’s development costs to around $35-million.

“That's a fraction of the cost of other projects in the region that don’t have access to this infrastructure,” he outlined, adding that Anglo African was in talks with potential financiers.

 

The group, meanwhile, also held another three bauxite exploration licences in the West African State, which Lumley believed could increase the company’s production from Guinea to up to six-million tons a year by 2019.

 

This would, however, require upgrading the rail and port infrastructure, which he envisaged would likely be done through a joint venture with other developers or through a public–private partnership.

 

“We are already in talks in this regard,” he said.

 

Commenting on the market, Lumley iterated that the withdrawal of Indonesia as a bauxite supplier – which, until recently, had provided industrial giant China with some 65% of its bauxite requirements – had presented considerable opportunities for industry newcomers.

 

“China is actively seeking bauxite elsewhere and the producers in Australia are trying to fill this gap but won’t succeed. At the moment, there is a deficit of 15-million tons year-on-year to meet current demand.

 

“As a result, the prices of [bauxite products] alumina and aluminium are rising, and we’re seeing aluminium prices exceed $2 000/t – which is expected to increase. As a result, I see the free-on-board prices of bauxite at ports being maintained at a very high level,” he noted.

 

Lumley added that Far’s development timeline had, thus far, remained unaffected by the recent outbreak of the Ebola virus in Guinea. 

Anglo African Minerals Aims To Generate US$20 Million A Year Selling Bauxite From The Far Project In Guinea

 July 23rd, 2014 by Alastair Ford

"Bauxite mining is very simple”, says James Lumley, the chief operating officer of Anglo African Minerals.

 

Or at least in the case of Anglo African’s Far license in the Kindia Prefecture of Guinea, it will be. The idea is to get Far into up and running and producing at a rate of two million tonnes of bauxite per year.

 

It’ll be a simple DSO operation, scooping off a metre or two of overburden, lifting the ore into trucks and then transporting it 15 kilometres by road to a rail spur that also serves the famous Russian aluminium giant Rusal.

 

From the railspur, the journey to the port of Conakry is measured in tens rather than hundreds of kilometres, and the thinking is that if the ore can be got on board at a relatively low cost then the company could be generating around US$20 million in cash per year.

 

That number assumes a modest selling price of US$40 per tonne free on board, and a margin of between US$10 and US$15 per tonne.

 

But the really juicy number is the cost of construction. Just how much will it cost to build this US$20 million per year operation? – just US$40 million, a fraction of the cost of comparable projects, and a sum well within the reach of today’s wary capital markets.

 

What the IRR on the project is, James can’t really say – the number looks too good to be credible. But in any case, there is a catch – there always is.

 

First off, Anglo African needs £10 million to take it all the way through to the bankable feasibility stage. The company already has strong backing, particularly in Ireland where it is domiciled, but the thinking is that with the raising of that money should come a graduation to a dual listing on the Irish and Aim markets, up from the current GXG quote, which gives a certain amount of visibility but isn’t good for much else.

 

James won’t set a precise timetable on when all that’s going to happen, but it will be soon. He’s been in detailed talks with brokers who have a good understanding of what happens in markets on both sides of the Irish Sea, and the company has a good shareholder and ambassador in Doug Howlett, the most the highest try-scoring All Black in history and former Munster player.

 

He’ll help bang the drum when the roadshow really gets going, as will Yellow Jersey, a young and thrusting public relations company that’s currently making real inroads into the junior mining market.

 

So, with the backing of major shareholder John O’Connor, who runs investment company OCI and who also holds stakes in Alecto Minerals and Trans Afrika Resources, and allowing for the robust numbers at Far, the fundraising stands a good chance of success.

 

The wild cards are bauxite itself, and the political situation in Guinea. James knows that other bauxite companies have tried and failed to come to the market over the past few years – in part because sentiment towards bauxite had turned sour, in part because small bauxite companies are unknown quantities to most investors, as small iron ore companies were 10 or 12 years ago, and in part because most of them were carrying huge upfront capex costs.

 

Anglo African doesn’t have the huge upfront costs and bauxite in the junior space is becoming a little more common now, as our recent report on Canyon Resources highlighted.

 

That leaves Guinea. Assessing the risk in a place like Guinea isn’t easy, but following the chaos that surrounded the huge Simandou iron ore project there recently, KPMG has done a fully independent review of the mining environment in Guinea – available here, which holds up the country as actually very investable.

 

Now that the Simandou ownership wrangles are out of the way, KPMG points out that Simandou will be the largest iron ore mine and infrastructure development of its kind anywhere in the world. In addition, says KPMG, Guinea is the sixth largest producer of bauxite in the world, mining contributed over 20 per cent of GDP in 2012, and 90 per cent of exports.

 

All told, this is a country that welcomes mining and welcomes transparency too. So when the government of Guinea tells James that it wants Anglo African’s Far project to be the country’s next producing mine, these are words to weigh with real significance.

 

“We’re targeting 2016”, says James. “The government knows that.” So although it’s unlikely that Anglo African will get any kind of free pass, the likelihood is that permitting will be relatively rapid. After all, when Vale walked away from its Somalu project having spent US$28 million working up a bauxite JORC resource capable of supporting a five million tonne a year operation, it was to Anglo African that the government turned.

 

“We were invited in by the government after Vale left”, says James. So, where Far represents near-term production, Somalu represents medium-term production, at an increased rate. Even further down the line is Toubal, which is deeper inland, but which can also support a five million tonne a year operation.

 

“So what we’re able to offer is near-term production, mid-term production, and longer-term production”, says James.

 

First thing’s first, that £10 million for the feasibility study at Far. But once that’s in, things should really start to get moving.

Irish Times Story on AAM Investment

 March 7, 2014

 

Headline: One More Thing: Doug Howlett to try his hand at the mining business in Guinea

DUBLIN: March 7, 2014 Ever wondered what Kiwi and Munster rugby legend Doug Howlett plans to do following his retirement? Mining bauxite in Guinea probably wasn't high up your list of possibilities. Howlett, now a corporate ambassador for Munster, has joined OCI, an Irish investment firm that this week raised £10 million (€12 million) for Anglo-African Minerals. AAM is a UK-listed, Irish-headquartered exploration outfit that is on the hunt for the aluminium ore in the west African state. OCI principal John O'Connor says Howlett will be on the ground, helping AAM "implement its work programme". Apparently, he has form. O'Connor says he met Howlett when they were both helping another former Munster player, Freddie Pucciariello, set up a bio-energy plant in Argentina. O'Connor, a veteran resource investor who owns a farm in Tipperary, assembled "an international consortium" of investors to stump up for the AAM loan notes. It has four bauxite licences in Guinea, a hotspot for the stuff. Big play AAM's big play, according to O'Connor, is a prospect where it need only build a 15km road to bring the stuff to market. Depending on when and how, OCI's loan notes could be converted into up to 30 per cent of AAM's equity. O'Connor has a few rugby connections himself. The Galway native moved to England when he was six, and played for London Irish from schoolboy level up to its first team. He was also once a shareholder more than a decade ago alongside Denis O'Brien in National Utilities, which wanted to buy energy assets. O'Connor says he recently bumped into O'Brien at a rugby match, of all places. "We had a good laugh about how premature the whole thing was," he said.

February 2014 : Delivery of an Environmental Authorization for FAR

 February, 2014

An Environmental and Social Impact Study was undertaken in 2013 by B.E.G.I.E (Bureau Guinéen d'Etudes et d'Ingénierie Environementale) on Permit 223 owned by Forward Africa Resources S.A (FAR), a subsidiary of AAM in Guinea. During the study, all the Environmental and Social Impacts in relation with mining operations were analysed, with the aim to minimalise negative impacts on the Environment and local inhabitants.  The study was also required to listen to the concerns of the local population in relation to the mining project.  The study was presented to the 24 members of the Technical Committee for Environmental Assessment on Tuesday 5th November 2013, and received approval for an Environmental Authorization that was granted to FAR on 7th January 2014, by the Ministry of Environment allowing FAR to apply for an exploitation Licence by 2014.

L'impact Environnental et Social du Project de Recherche di Bauxite dans Kindia et Dubréka Soumis à Une Évaluation.

 5th November 2013

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