Emirates Global Aluminium PJSC (EGA) announced this week the signing of a three-year agreement with China’s Bosai Minerals Group to supply the firm with bauxite ore from its operations in the West African state of Guinea.
EGA did not give specific details of the agreement, indicating only that it would supply “several million tonnes” of bauxite ore from its subsidiary Guinea Alumina Corporation each year. EGA has already supplied Bosai with a substantial supply of bauxite ore this year to date under several short-term agreements.
Yuan Zhilun, Chairman of Bosai Minerals Group, said in a related press release that it expects to continue the relationship for several years to come.
“We welcome EGA as a long-term supplier of bauxite to Bosai Group, and look forward to the reliable supply of Guinean ore over the years ahead to drive our business.”
Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said the deal is part of his company’s broader aim at being a significant third-party supplier of bauxite ore.
“EGA is now a major player in the merchant bauxite market, and our strategy mirrors our approach for cast metal – consistent high quality, reliably supplied, and with a focus on building mutually-beneficial relationships with our customers. We are delighted that Bosai Minerals Group joins a group of long-term EGA bauxite customers that is geographically-balanced in four key regions.”
Based in Abu Dhabi, United Arab Emirates, Emirates Global Aluminium is an aluminium conglomerate created by the merger between Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) in 2013. EGA had an estimated enterprise value of US$15 billion at the time the merger took place. The firm is owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai. Emirates Global Aluminium holds interests in bauxite/alumina and primary aluminium smelting.