Alufer Mining

Primary ticker: Private
Stage of development: Production, Development
Primary minerals: Bauxite
Project to promote: The Bel Air bauxite project

Alufer Mining is an independent mineral exploration and development company with significant bauxite interests in the Republic of Guinea. The Company’s flagship project is the Bel Air mine which is located 15km from the coast near the Cap Verga peninsula, 210km north of Guinea’s capital, Conakry and has a JORC compliant resource of over 146mt of high grade trihydrate bauxite with low reactive silica. Alufer places a great deal of importance on sustainability and is committed to ensuring that it operates in line with the highest social and environmental standards.

Management Profile

Bernie Pryor, CEO

Mr Pryor is a Metallurgical Engineer by background with over 35 years’ experience in the international mining industry. He has held senior executive positions across a range of disciplines including project acquisition, evaluation, development and construction and has run large scale fully operational mining assets. His experience also 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 Limited and Q Resources plc. Between 2006 and 2010 he held senior positions within Anglo American Plc as Head of Business Development and was CEO of Anglo Ferrous Brazil Inc.

What is your rationale for attending 121 Mining Investment?

Whilst we are a private company, we are looking to continue to get the Alufer story out to investors and across the sector, providing updates on both progress to date our plans for further growth and development looking forward.

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

We brought the Bel Air mine into production in August 2018, on time, under budget and with zero lost time injuries. Since then, we successfully reached commercial production within 6 months, and have continued to ramp up operations since then. Looking forward, we are focused on further growth and development and our goal is to be the leading independent bauxite developer and producer.

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

3 Months:
Continue to ramp up operations as we further increase output into 2020 and continue to evaluate further opportunities for the business.

6 Months:
Continue to maximise operational efficiencies and deliver quality ore to our customers whilst considering business opportunities

12 Months:
Continue to grow the business with further expansion and development.

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

Bauxite and freight prices are key areas of focus for the business but look to hedge where possible and sell directly to customers so are very close to our offtake base.

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

Producing asset with strong management team with track record of developing projects and realising value.