10/02/2021 - 17:09

Lindian eyes bauxite infrastructure plan with Guinea Govt

10/02/2021 - 17:09

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ASX-listed aspiring West African bauxite developer, Lindian Resources has continued to put potential infrastructure building blocks in place to help accelerate the development of its Lelouma, Gaoual and Woula bauxite projects in Guinea. Its subsidiary, Terminal Logistics and Holdings recently struck a memorandum of understanding with the Guinean Government to appraise the possible joint development of the Dobali port and an associated logistics corridor in Guinea.

ASX-listed aspiring West African bauxite developer, Lindian Resources has continued to put the potential infrastructure building blocks in place to help accelerate the development of its Lelouma, Gaoual and Woula bauxite projects in Guinea. Its 75 per cent-owned subsidiary, Terminal Logistics and Holdings recently struck a memorandum of understanding with the Guinean Government to appraise a possible joint development of the Dobali port and an associated logistics corridor in Guinea to facilitate bauxite shipments.

The company says it has been in discussions with various parties regarding the necessary infrastructure required to pave the way for its elevation to bauxite miner in Guinea.

According to Lindian, the talks have been mulling infrastructure and bauxite offtake alternatives including the potential provision of access to existing haul roads, rail and port infrastructure and the potential expansion of the Dobali port in Guinea to increase its bulk handling capacity.

Under the terms of the MOU with the Government, Lindian says Terminal Logistics has agreed to kick off technical and economic studies on the possible port upgrade. The Guinean Government has undertaken to make all relevant technical information and data available and provide all reasonable assistance in terms of authorisations and approvals required to develop the proposed project.

Lindian Resources Chairman, Asimwe Kabunga said: “Lindian is very pleased to be making such significant progress towards finalising infrastructure solutions to unlock the value of its Lelouma, Gaoual and Woula bauxite projects. There is significant interest in partnering with Lindian to enable production at these projects to commence.”

Late last month, the company also entered into an MOU with Chinese construction company, China Railway Seventh Group, or “CRSG”, who Lindian says has a track record in infrastructure project delivery throughout Africa.

Under the terms of the MOU with CRSG, Lindian says both parties will weigh up a formal agreement to nut out an infrastructure development solution for a potential low CAPEX, early pathway to bauxite production at its smaller Woula deposit.

CRSG is a subsidiary of the Hong Kong and Shanghai stock exchanges-listed China Railway Group Limited.

Lindian says CRSG may also look at possible infrastructure development options for the Perth-based company’s larger, world-class Gaoual conglomerate and Lelouma projects.

 

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au

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