Guinea Alumina Corporation (GAC), a subsidiary of Emirates Global Aluminium (EGA), has signed a Term Sheet with the government of Guinea-Conakry for the development of an alumina refinery.
The refinery will be constructed on GAC’s concession near Tinguilinta in the Boké region, with an initial production capacity of one million tons of alumina per year. The Guinean government will hold a 10% share in GAC’s mining operations and a 7.5% share in the alumina refinery company once production begins.
GAC plans to collaborate with other companies in a joint venture to advance the project. Last month, EGA signed a framework agreement with the Chinese state-owned Aluminium Corporation of China to enhance cooperation on the project.
“We are working closely with the government to develop a project that is technically and commercially robust, and that can create value for Guinea and its people, as well as for our company, for decades to come,” said Youssuff Sylla, GAC Managing Director.
