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Fri 3 Feb 2017 11:04 AM

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UAE's EGA presses ahead with $1bn Guinea bauxite mine project

Emirates Global Aluminium announces early milestone in development of mining and export facilities

UAE's EGA presses ahead with $1bn Guinea bauxite mine project

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has announced an early milestone in the development of its $1 billion bauxite mining and export facilities in the Republic of Guinea.

The company said that Jan de Nul, a Belgian marine contractor that also worked on the construction of the Palm Jumeirah in Dubai, has completed a project for site infill and elevation of 50 hectares of land at Kamsar on the Guinean coast for a rail loop and bulk materials handling facilities.

EGA said in a statement that the project is the largest greenfield investment in Guinea in four decades, will contribute 10 percent to Guinea’s GDP, and create 4,000 jobs.

EGA’s bauxite mine is in the Boké region of north-west Guinea, where it holds a concession on more than 1 billion tonnes of bauxite. Commercial production is expected to begin in 2018 and grow to 12 Mtpa. A railway extension is under development to connect the mine with Kamsar port.

The site infill and elevation work itself created jobs for some 100 Guineans at peak, it said, adding that marine sand was piped to the site through a specially-built 5km pipeline, significantly reducing the need for truck movements in Kamsar town.

Yousuf Bastaki, EGA’s executive vice president upstream, said: “This early milestone shows good progress in our Guinea project, which will boost Guinea’s economy, create value for EGA, and secure the supply of natural resources that we need.”

Bauxite is a mineral which is refined into alumina, the feedstock for aluminium smelters.

In a second phase of the Guinea project, EGA said it will build an alumina refinery in the country.

Guinea has around 7 billion tonnes of bauxite resources, over a quarter of the global total, and is among the highest quality worldwide.

Last October, EGA inaugurated a container terminal facility at Kamsar Port in Guinea. This facility is being used for the export of bulk bauxite samples and the import of equipment for EGA’s construction project.

On the completion of construction of EGA’s project it will be handed to the state for third-party use, creating a further boost for the local economy.

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