EGA signs three-year agreement to supply bauxite from GAC to China’s Bosai Minerals Group

Conakry, Republic of Guinea, Thursday 9 December 2021 --- Guinea Alumina Corporation S.A. (GAC) parent company Emirates Global Aluminium today announced the signature of a three-year agreement to supply China’s Bosai Minerals Group with Guinean bauxite.

Under the agreement, EGA will supply Bosai Minerals Group with several million tonnes of bauxite ore produced by GAC each year, with the first shipment expected in January 2022. EGA has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements.

Mr. Yuan Zhilun, Chairman of Bosai Minerals Group, said today: ‘We welcome EGA as a long-term supplier of bauxite to Bosai Group, and look forward to the reliable supply of Guinean ore over the years ahead to drive our business.’

Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: ‘EGA is now a major player in the merchant bauxite market, and our strategy mirrors our approach for cast metal – consistent high quality, reliably supplied, and with a focus on building mutually-beneficial relationships with our customers. We are delighted that Bosai Minerals Group joins a group of long-term EGA bauxite customers that is geographically-balanced in four key regions.’ 

In 2020, GAC’s first full year of production, EGA became the second-biggest supplier in the world of bauxite ore to third-party customers. GAC began production in 2019.

EGA invested some $1.4bn in the development of GAC, one of the largest greenfield investments in Guinea in the past 40 years. GAC operates a 690-square kilometre mining concession, located in the northwest of Guinea. Once mined, bauxite is transported to GAC’s port at Kamsar by train using shared rail infrastructure.