Middle East aluminium giant's subsidiary to construct alumina refinery in Guinea
The bauxite mining subsidiary of Emirates Global Aluminium, Guinea Alumina Corporation (GAC), intends to set up an alumina refinery in Guinea with an annual capacity of 1 million tonnes. EGA is the world's largest 'premium aluminium' producer.
GAC is jointly owned by Mubadala Development Company and the Investment Corporation of Dubai (ICD), with equal ownership stakes.
Youssuff Sylla, the Director General of GAC, speaking at the Round Table of Donors (RTD) organised by the government of Guinea in Dubai, said, "Full details about the project and timelines will be announced in due course."
During the media Round Table, the Minister of Planning and International Cooperation, Guinea, Rose Pola Pricemou, stated, "The RTD is about securing essential funding and establishing long-term strategic partnerships that are essential for our nation's growth."
Following Australia and China, Guinea used to rank as the world's third-largest bauxite producer. AL Circle's initial assessment, disclosed in its recent industry-specific publication, the "Global Aluminium Industry Outlook 2024," suggests that Guinea potentially exceeded 100 million tonnes of bauxite production in 2023, positioning itself as the second-largest producer.
Guinea boasts the world's largest bauxite reserves and is the leading exporter of this valuable mineral.
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