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ABU DHABI / WAM
Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, announced that its project to develop a bauxite mine and associated export facilities in the Republic of Guinea, West Africa, has reached 50 percent construction completion.
Over 4,000 Guineans, 90 percent from the Boké region, are currently working to construct the Guinea Alumina Corporation project. GAC has a total budgeted project cost of nearly $1.4 billion. First bauxite exports are expected during the second half of 2019.
Once full ramp-up is achieved, the project is expected to produce 12 million tonnes of bauxite per year and employ 1,000 people directly and as contractors. GAC is a wholly-owned subsidiary of EGA. The project is one of the largest greenfield investments in Guinea in past 40 years and will be a new global source of bauxite supply.
Bauxite is the ore from which aluminium is derived. Guinea has more than seven billion tonnes of bauxite resources, over a quarter of the world’s total. Much of Guinea’s bauxite is amongst the highest quality worldwide.