Abu Dhabi’s Emirates Global Aluminium PJSC announced on Wednesday that it has completed preliminary work on the US$1 billion bauxite mine in Guinea.
Belgian marine contractor Jan de Nul finished site infill and elevation of 50 hectares (123.5 acres) of land at the port city of Kamsar, the firm said. The infill project will help to join rail coming from the mine to the port facilities for export. They indicated that the container terminal facility at the port would be used for exporting bauxite ore from the mine.
“This early milestone shows good progress in our Guinea project, which will boost Guinea’s economy, create value for EGA, and secure the supply of natural resources that we need,” said EGA’s executive vice president for upstream Yousuf Bastaki.
EGA’s plans for the mine include commencing commercial production next year, and eventually ramping production up to a peak of 12 million metric tons per annum. The firm exported an initial bulk sample shipment from the mine to a buyer in the People’s Republic of China in December.
The mine in question will be harvesting from Guinea’s 7 billion metric tons of bauxite ore, or around one quarter of the world’s known reserves.
In addition to being sold to external buyers, EGA plans to use a portion of the ore from its Guinean project to fuel the alumina refinery it is currently constructing in the UAE. The US$3 billion refinery is being built to take advantage of a surge in local demand and is expected to be operational next year. The facility is being constructed in two phases, with each phase capable of a yearly alumina output of 2 billion metric tons.
Based in Abu Dhabi, United Arab Emirates, EGA is an aluminium conglomerate created by the merger between Dubai Aluminium and Emirates Aluminium in 2013. EGA holds interests in bauxite/alumina and primary aluminium smelting. It has a yearly production of aluminium of 2.4 million metric tons, making it one of the five largest primary aluminium producers in the world.