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30 APRIL 2018 AL CIRCLE

EGA & Louis Dreyfus Armateurs to work together for bauxite transshipment in Guinea

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

The UAE-based largest industrial company, Emirates Global Aluminium, owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has signed a 15-year agreement with LD Ports & Logistics, a subsidiary global marine transport and services group of Louis Dreyfus Armateurs, for the transshipment of bauxite in the Republic of Guinea.  

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Abdualla Kalban, EGA’s managing director and chief executive officer said at the signing ceremony, “EGA has set an ambitious growth agenda to expand upstream and internationally. Transshipment is an important link in the chain that will connect our alumina refinery and aluminium smelters in the UAE with bauxite mines in Guinea, and will also lower shipping costs from GAC to global bauxite markets.”

As per the deal, EGA will load bauxite at the port of Kamsar in Guinea from both its Guinea Aluminium Corporation (GAC) and Compagnie des Bauxites de Guinée projects and then supply to EGA’s Al Taweelah alumina refinery in Abu Dhabi.

EGA’s transshipment process will be consisting of self-propelled barges that will move from the GAC berth at Kamsar port to two floating transfer stations.

Mr. Gildas Maire, chief executive officer of Louis Dreyfus Armateurs said, “These agreements with EGA and Abu Dhabi Ports expand our geographic and operational footprint in West Africa. We are pleased to be partnering with these UAE leading companies, and to play a part in the development of Guinea’s economy by helping to enable the competitive transport of Guinean bauxite.”

Currently, EGA is also working on its bauxite mine and associated export facilities - GAC project in Guinea, which is expected to start operating during the second half of 2019. This is one of the largest greenfield investments in Guinea in the past 40 years and will supply bauxite all around the world.


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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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