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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Indian company partners S.Leone in bauxite mining venture AFP - Saturday, June 12 Send IM Story Print Indian company partners S.Leone in bauxite mining venture Slideshow: Full Photo Coverage: Business & Economy FREETOWN (AFP) - – An Indian firm has partnered with a local company to mine bauxite in northern Sierra Leone, an area with over 300 million tonnes of proven reserves of the valuable rock, the local partner said Friday. The Sierra Leone Exploration Mining Company (SLEMCO) and Indian ABG Shipyard company will begin mining in the northern town of Port Loko, 120 kilometres (75 miles) from the capital Freetown. "Extensive studies indicated that the area has over 300 million tonnes of proven bauxite reserves," said Mohamed Sesay, chairman of SLEMCO. The first phase of the joint mining venture will cost over 50 million dollars (40 million euro). "Plans are well ahead to construct a 400 million dollar plant to extract aluminium from the bauxite," said Sesay. He said the mine would provide jobs for 20,000 youths. Mineral Resources Minister Alpha Kanu said "683 kilometres of bauxite have been discovered in the district and 131 million tonnes of bauxite are expected to be mined in the first phase of the operation". Bauxite is a rock which is an important aluminium ore, making it highly valuable due to the large range of products made from aluminium. Aluminium is the most commonly used light weight metal, used to make anything from cars and planes to soda cans, cooking utensils and construction materials. A highly pure form is used in CDs and electronics. Recommend Send IM Story Print Related Articles China rejects US accusations on yuan AFP - 1 hour 35 minutes ago Taiwan's AUO confident over US price-fixing charge AFP - 1 hour 43 minutes ago China says foreign direct investment jumps AFP - 2 hours 37 minutes ago US trade body to look into HTC complaint against Apple AFP - Saturday, June 12 Foreign investment in China up 27 percent in May AP - Saturday, June 12 News Search Top Stories Britain honours actress Zeta-Jones, F1 racer Coulthard At least 16 die in US campsite flood disaster Curfew in south Kyrgyzstan after 45 killed in clashes Euro to hit dollar parity in 2011, if still exists: analyst US retail sales plunge for first time in eight months More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Missing US yacht girl found safe in Indian Ocean Ahmadinejad blasts US, says Israel is 'doomed' Obama has made 'big mistake' with Iran: Ahmadinejad Euro to hit dollar parity in 2011, if still exists: analyst Pope begs forgiveness for 'abuse of the little ones' More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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