Ashapura Minechem Ltd updates on Guinea operations

Ashapura is pleased to announce the commissioning of a critical bridge over the Konkoure river, one of the longest rivers in Guinea, connecting its Mines in Boffa East with the logistics route to the Boffa port. The east part of this mining lease area was earlier inaccessible. The east part of lease area has good exportable grade of Bauxite with approximately 80 million tonnes of reserves.

The newly constructed bridge is first of its kind project for Ashapura, giving us immense confidence to achieve our target for exports of Bauxite. It also highlights our commitment to infrastructure development, transforming the region's landscape and improving the overall yield of bauxite within the Boffa region.

Shares of Ashapura Minechem Limited was last trading in BSE at Rs. 756.20 as compared to the previous close of Rs. 745.55. The total number of shares traded during the day was 52514 in over 2963 trades.

The stock hit an intraday high of Rs. 765.85 and intraday low of 733.50. The net turnover during the day was Rs. 39323820.00.

Source : Equity Bulls

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AshapuraMinechem INE348A01023 Mining Guinea