Dr. Volkmar Guido Hable, CEO of Samarium Tennessine Corporation announces 8 billion USD investment plan into the bauxite industry of the Republic of Guinea.
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Subject: bauxite refinery Republic of Guinea
1. S∆M∆RIUM TENNESSINECorporation
CEO & President
Dr. Volkmar Guido Hable
Honorary Consul British Columbia - Canada
E vh@samarium.ca
Samarium Tennessine Corporation
Suite 536, 999 Canada Place Vancouver, BC V6E3C2, CANADA
T +1 778 770 0570 | F +1 604 641 1214
E info@samarium.ca | W www.samarium.ca
Samarium Investment Corporation
One Raffles Quay North Tower, Level 25, Singapore 048583
SINGAPORE
Tel: +65 6622 5663 | Fax: +65 6622 5999
E info@samariumgroup.com| W www.samariumgroup.com
Samarium Borealis Corporation USA
4000 Ponce de Leon Boulevard, Suite 470, Coral Gables, FL
33146, USA
T +1 888 378 9288 | F +1 305 7770201
E info@samarium.us | W www.samarium.ca
12th
of February 2017
Subject: bauxite refinery Republic of Guinea
Dr. Volkmar Guido Hable, CEO of Samarium Tennessine Corporation announces 8 billion
USD investment plan into the bauxite industry of the Republic of Guinea.
Dr. Volkmar Guido Hable, diplomatic CEO of Samarium Tennessine Corporation, a
privately held, non-public resource investment company, has announced that his
company has put together a 8 billion USD 10 year investment plan for the construction
of a mine, a bauxite refinery, an aluminum smelter facility, a hydro-dam and port
facilities to be built on the area of the former BHP Billiton concession Boffa in the
Republic Guinea. The hydrodam will constructed on the basis of existing plans on the
Cogon River, the port facilities will be constructed near the city of Boffa on the Atlantic
coast, where deep water conditions allow for large ships to dock.
Bulk commodity producers have continued to struggle during since a number of years
now, even with efforts made to cut costs. During challenging market conditions, there is
often a trend towards restructuring and consolidation of ownership. However, there is
asilver linen on the horizon as commodity prices are set to increase in 2017.
Dr. Volkmar Guido Hable, who also is the official diplomatic representative of the
Republic of Guinea in British Columbia and the Yukon, stated, “There is every possibility
that 2017 may be particularly eventful for the aluminum industry, a year that has the
potential to be defined by a large reorganization of the corporate landscape and major
investments into existing or new assets. Bauxite is set for a long-term uptrend in price. ”
Previously, Norsk Hydro shook the industry with the US$5.3Bn purchase of aluminum
producer Vale's Brazilian bauxite, alumina and aluminum assets that also included
agreements for Vale's share in production from the Mineração Rio do Norte (MRN)
18.1Mtpy bauxite mine at Trombetas. The acquisition was part of a move by the
Norwegian aluminum producer to become fully integrated in its aluminum raw
materials.
Now, Volkmar Guido Hable of Samarium Tennessine Corporation is planning to shake
up the industry with an acquisition of a major bauxite asset in Boffa, Republic of Guinea,
West-Africa, whose total investment is valued in the 8-billion dollar range.
Weak demand for alumina amid prices languishing in the region of US$210/t CIF China
in mid-January 2016, have led to capacity cut-backs and permanent closures of alumina
2. S∆M∆RIUM TENNESSINECorporation
CEO & President
Dr. Volkmar Guido Hable
Honorary Consul British Columbia - Canada
E vh@samarium.ca
Samarium Tennessine Corporation
Suite 536, 999 Canada Place Vancouver, BC V6E3C2, CANADA
T +1 778 770 0570 | F +1 604 641 1214
E info@samarium.ca | W www.samarium.ca
Samarium Investment Corporation
One Raffles Quay North Tower, Level 25, Singapore 048583
SINGAPORE
Tel: +65 6622 5663 | Fax: +65 6622 5999
E info@samariumgroup.com| W www.samariumgroup.com
Samarium Borealis Corporation USA
4000 Ponce de Leon Boulevard, Suite 470, Coral Gables, FL
33146, USA
T +1 888 378 9288 | F +1 305 7770201
E info@samarium.us | W www.samarium.ca
refineries and aluminum smelters. This has affected large, integrated aluminum
producers including both Alcoa and Rusal.
However, Volkmar Guido Hable, is confident that a long-term price recovery uptrend in
bauxite has started. “we may be looking at a 30% to 60% price increase during the next
3 years”, he stated in Davos, during a conference hosted by the World Economic Forum.
Volkmar Guido Hable of Samarium Tennessine remains optimistic on the outlooks for
bauxite, and expects an annual 27% IRR over the next 20 years for its upcoming multi-
billion dollar flagship project in Guinea.
“The market definitely has bottomed out”, he said. “The past closures and bankruptcies
changed the industry and significantly reduced long-term supply.
He also said, that “with current market conditions, there are still attractive investment
opportunities which might involve some of the biggest names in the business. Some of
the mining companies or resource investment could be shaping up to complete
substantial company-changing takeover deals, which once again would change the face
of the industry, and we certainly plan to be part of this.”