Madagascar's Esama Minerals seeks partner to invest in bauxite project
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Update time : 2020-06-17 12:19:28
Esama Minerals, a Madagascar's bauxite producer, is looking for a partner to develop a bauxite project in Madagascar with proven reserves of about 150 million tons.
The company had finished the exploration of the mineral five years ago and will invest around US$50 million to develop this project, including the construction of ports and roads.
The mine is located in southeastern Madagascar and was expected to produce bauxite Al2O3 42%min SiO2 2%max, with a planned annual capacity of 1 million tons.
