Volkmar Guido Hable announces 8 billion USD investment plan

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 a silver linen on the horizon as commodity prices are set to increase in 2017.
States Volkmar Guido Hable of Samarium Tennessine Corp, “There is every possibility that 2017 may be particularly eventful for the aluminium 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.”
Previously, Norsk Hydro shook the industry with the US$5.3Bn purchase of aluminium producer Vale's Brazilian bauxite, alumina and aluminium 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 aluminium producer to become fully integrated in its aluminium 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 refineries and aluminium smelters. This has affected large, integrated aluminium 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 bankrupcties changed the industry and significantly reduced the 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 largest mining companies could be shaping up to complete substantial company-changing takeover deals, which once again would change the face of the industry.” Samarium Tennessine is ready to step up and fillt he gaps.





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