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Alumina refinery: EGA and Chinalco sign a framework agreement

03/06/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Emirates Global Aluminium (EGA), the parent company of Guinea Alumina Corporation, and Aluminium Corporation of China (Chinalco) have signed a framework agreement to advance the development of an alumina refinery in the Republic of Guinea.

The framework agreement was signed by Abdulnasser Bin Kalban, CEO of Emirates Global Aluminium, and Mr. Dong Jianxiong, Vice President of Chinalco and Chalco, at the United Arab Emirates-China Business and Investment Forum in Beijing.

The two companies now plan to jointly make progress on the feasibility of the project and joint investment. The development of GAC was one of the largest investments in new facilities in Guinea in the last 40 years

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Environ 3 200 people work at GAC, of which more than 96% of the total workforce is ' é Guinian nationality. é é In 2023, GAC invested é $283 million in purchases from s from Guinean suppliers, payments to the government and social contributions

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