Volkmar Guido Hable |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 in the area of the former BHP Billiton concession Boffa in the Republic Guinea. The hydrodamwill 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 a silver 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 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. Bauxite is set for a long-term uptrend in price. ”
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  inBoffa, 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 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.”

Location: Miami, FL, USA

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