Alufer Mining

Primary ticker: Private
Stage of development: Production
Primary minerals: Bauxite
Project to promote: The Bel Air bauxite mine
Alufer Mining Limited is an independent mineral exploration and development company with significant bauxite assets in the Republic of Guinea. The Company’s flagship project is the Bel Air mine, which Alufer discovered through maiden drilling in 2011 and commenced production in Q3 2018.
Alufer places a great deal of importance on sustainability and is committed to ensure that it operates in line with the highest social and environmental standards.

Management Profile

Bernie Pryor – CEO

Bernie Pryor is a Metallurgical Engineer with over 35 years’ experience in the international mining industry. He has held senior executive positions across a range of disciplines including project acquisition, development and construction and has run large scale fully operational mining assets. His experience includes international commercial and general management, most notably in Australia, Brazil, West and Southern Africa, the Middle East and Russia. Prior to becoming CEO of Alufer, he was CEO of African Minerals and Q Resources, Head of Business Development with Anglo American and CEO of Anglo Ferrous Brazil. He is currently Chairman of MC Mining Limited and Non Exec Director of Petra Diamonds.

What is your rationale for attending 121 Mining Investment?

Getting the Alufer story out into the market – flagging track record, seeking out new opportunities

What recent news would you like to highlight to investors attending?

Alufer brought the Bel Air mine into production in Q3 2018 on time, under budget and with zero lost time injuries.
Currently focusing on ramping up to steady state production of 5.5mtpa and seeking out further growth and development opportunities.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Continue to ramp up production

6 Months:

Hit steady state production of 5.5mtpa and optimise costs

12 Months:

Seek out further development opportunities

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Freight and bunker rates are a key area of volatility to us so we look to hedge and lock in rates, whilst retaining a level of flexibility

In a sentence, what do you think makes your company such a compelling investment?

Proven track record of bringing a mine into production on time, under budget and with zero lost time injuries