Sierra leone mining: plans to export 600,000 tons of bauxite to China in 2019
Sierra leone mining holdings LTD plans to export 600,000 tons of bauxite to China in 2019, the sources said.
The company's bauxite mine has an annual capacity of 2.4 million tons and will produce 2 million tons in 2018, the source said.Bauxite production is expected to reach 2.3 million tons this year.It is reported that the company will build two new washing plant, is expected to start production in July this year.Monthly production of bauxite is expected to rise from 160,000 tons to 200,000 tons.
The company currently exports bauxite mainly to Romania and Canada and has no inventory.
The producer mainly produces aluminum trioxide 49-50% active silica 3.5% Max bauxite, currently quoted $37-38 / ton offshore sierra leone, freight to China is $20-23 / ton.
They will use ships with a cargo capacity of 55,000 tons.