Other business interests and expertise of Mr.Fiyaz focus on the commodities markets, including gas and oil and precious metals where Mr.Fiyaz has, with the benefit of industry specialist advice, targeted investment into and development of mining interests.
We have recently concluded an investment into a bauxite exploration opportunity in Guinea, West Africa. The company has secured three bauxite exploration areas totalling 1,500 sq km. The concession areas are situated near areas allocated to Rusal, the worlds largest aluminium producer, and BHP Billiton, the largest bauxite exporter in the world. Geological scoping studies completed with initial drilling indicate that volume of bauxite could be garnered in just 4 of the 15 plateaux that comprise the property in order to secure resources for a 3 million ton per year Alumina refinery. There are a leading team of consultants involved in this project including Coffey Mining, Hatch Engineering, and SRK Consulting.