According to the market news from Australia, TerraCom Resources, a resource company with a large portfolio of assets in Australia, was currently acquiring bauxite projects in Guinea, Africa.
TerraCom Resources had signed an agreement with Anglo African Minerals (AAM) to get 3 of its bauxite projects, its total storage of bauxite was around 1.4 billion tons.
The final goal for the bauxite production in this project was expected to reach 5 million tons/year.