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.
The company, Guinea Alumina Corporation (GAC), is aligned with very high standards in terms of environmental impact. The goal of zero damage summarizes its vision, which also includes the principle of zero damage to the environment.
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Guinea Alumina Corporation (GAC) is continuing its project to support the food security of neighboring communities in its area of intervention.
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Guinea Alumina Corporation S.A. (GAC) announced today that it has won Project Finance Internationals prestigious global Multilateral Deal of the Year award for its ground-breaking project financing.
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