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Fri 6 Jul 2018 10:10 AM

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UAE giant eyes 2019 launch for $1.4bn Guinea bauxite mine

Emirates Global Aluminium says bauxite mine project in west Africa has reached 50% construction completion

UAE giant eyes 2019 launch for $1.4bn Guinea bauxite mine

Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, has announced that its project to develop a bauxite mine and associated export facilities in the Republic of Guinea, West Africa, has reached 50 percent construction completion.

More than 4,000 Guineans, 90 percent from the Boké region, are currently working to construct the Guinea Alumina Corporation project, the company said in a statement.

GAC has a total budgeted project cost of approximately $1.4 billion and first bauxite exports are expected during the second half of 2019.

Once full ramp-up is achieved, the project is expected to produce some 12 million tonnes of bauxite per year and employ some 1,000 people directly and as contractors.

GAC is a wholly-owned subsidiary of EGA. The project is one of the largest greenfield investments in Guinea in the past 40 years and will be a new global source of bauxite supply.

Bauxite is the ore from which aluminium is derived. Guinea has more than seven billion tonnes of bauxite resources, over a quarter of the world's total. Much of Guinea's bauxite is amongst the highest quality worldwide.

GAC’s mining concession covers an area of 690 square kilometres and contains one of the largest bauxite deposits in Guinea. The concession is located in the Boké region of north-western Guinea, close to existing mines that are operated by other companies.

Extracted bauxite will be transported by rail to Kamsar port, some 70 kilometres away, using existing railway lines that are already used by other mining companies. GAC is building rail loops and spurs to connect its mine and loading facilities to the existing railway line.

EGA is also building the UAE’s first alumina refinery at Al Taweelah in Abu Dhabi. First alumina is expected during the first half of 2019. Alumina, which is refined from bauxite, is the feedstock for aluminium smelters.

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