The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI / WAM
Emirates Global Aluminium (EGA) on Tuesday announced that its bauxite mining project in the Republic of Guinea has reached 75 percent construction completion. The project has a total budget of approximately $1.4 billion and is being developed by EGA’s subsidiary Guinea Alumina Corporation (GAC). It is the largest greenfield investment in the West African country in the last four decades. First bauxite exports are expected during second half of 2019.
Almost 3,000 people, of whom more than 80 percent Guineans, are currently building the GAC project. The project has taken some 23 million man hours of work so far, the equivalent of one person wor-king for some 18,000 years.
Abdulla Kalban, EGA’s MD and CEO, said, “We are now entering the final phase of construction of our project in Guinea and the team in Guinea is focussed on achieving ‘First Ore On Ship’ safely, responsibly, on time and on budget. Whilst construction continues, work is also progressing well on preparations to operate the mine and export facilities efficiently for the benefit of Guinea and EGA for decades ahead.â€