Emirates Global Aluminium, the parent company of Guinea Alumina Corporation, and Aluminium Corporation of China (Chinalco) have signed a framework agreement progressing their cooperation on the development of an...
Kamsar, Saturday 1st June 2024 --- Emirates Global Aluminium, the parent company of Guinea Alumina Corporation, and Aluminium Corporation of China (Chinalco) have signed a framework agreement progressing their cooperation on the development of an alumina refinery in the Republic of Guinea.
The signing ceremony was witnessed by His Excellency Mohammad Hassan Al Suwaidi, UAE Minister of Investment, His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, His Excellency Ling Ji, Vice Minister and Deputy International Trade Representative of Ministry of Commerce of the People’s Republic of China, and Mr. Zhang Yujing, President of China Chamber of Commerce for Import and Export of Machinery and Electronic Products. The framework agreement was signed by Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, and Mr Dong Jianxiong, Vice President of Chinalco and Chalco, at the UAE-China Business & Investment Forum in Beijing.
The companies now intend to further jointly progress the project’s feasibility and joint investment.
The development of GAC was the largest greenfield mining investment in Guinea in four decades. The company began production in 2019.
GAC employs some 3,200 people on its sites in Boké province as employees and contractors. In 2023, GAC spent some $283 million in Guinea in local procurement, payments to governments and social contributions.
GAC announces that it has made a contribution of 15.9 billion Guinean francs (GNF) to the Local Economic Development Fund (FODEL) for the year 2024, under the provisions of the Guinean Mining Code.
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Guinea Alumina Corporation S.A. (GAC) today announced that it has shipped over one million tonnes of bauxite ore since exports began in August.
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In addition to its contribution to the socioeconomic development of Guinea, the Guinea Alumina Corporation (GAC) is involved and supports the promotion of Guinean culture.
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