Mubasher: Emirates Global Aluminium (EGA) announced it has completed nearly 75% of the construction work of the bauxite mining project in Africa's Republic of Guinea.
The project, the largest greenfield investment in Guinea in the last four decades, has a total budgeted cost of around $1.4 billion (AED 5.138 billion), state-run news agency Emirates News Agency (WAM) reported.
The project is being developed by EGA subsidiary, Guinea Alumina Corporation (GAC), by almost 3,000 people of whom 80% are Guineans, WAM added.
EGA is expected to export bauxite from this project in the second half of 2019, according to a press release.
It is worth noting that Guinea is the largest resource of bauxite in the world.
The Emirati firm projected to produce approximately 12 million tonnes of bauxite per year from its project in the Western African country and sell it to aluminium producers around the world.
This comes within the framework of EGA’s strategy to expand its overseas business in a bid to provide high-quality raw materials for its facilities in the UAE.
Moreover, the group is also maintaining the construction of the UAE’s first alumina refinery in Abu Dhabi, which will turn bauxite ore into alumina, the feedstock for aluminium smelters.
