The agreement, known as a Term Sheet, states that EGA's subsidiary Guinea Alumina Corporation (GAC) will build the 2 million tonnes capacity refinery in west Guinea by September 2026, initially producing 1.2 million tonnes annually.
The signing was presided over by Djiba Diakité, Minister and Chief of Staff at the Office of the Presidency of the Republic, and Chairman of the Strategic Monitoring Committee for the Simandou project, at the Petit Palais of the Presidency in Conakry, and attended by Government officials including Bouna Sylla, Minister of Mines and Geology, and the members of the Strategic Committee.
GAC’s delegation was led by EGA’s Chief Executive Officer Abdulnasser Bin Kalban and included Zaher Al Habtari, EGA’s Executive Vice President of Bauxite, Alumina & Capital Projects, Saif Al Qubaisi, EGA and GAC Board member, GAC CEO Steeve Tremblay, GAC’s Director General Youssuff Sylla, and GAC’s Deputy Director General René Désiré Morel.
Guinea, Africa's biggest alumina producer, had been persuading many companies to build local facilities to refine bauxite into alumina, aiming to channel its mineral wealth into economic development.
Japanese aluminium buyers recently agreed to pay premium above $170/t for Q3 shipments
