Bauxite exports from Guinea to UAE begin with ECA support

(Emirates News Agency, Abu Dhabi, 5 August 2019) The UAE's Emirates Global Aluminium (EGA) today announced the first exports of bauxite ore from Guinea Alumina Corporation (GAC), its mining project in Guinea in West Africa, marking the completion of EGA’s strategic expansion upstream in the aluminium value chain to create an integrated global aluminium giant. The GAC project, and UAE's Abu Dhabi Al Taweelah alumina refinery, where production began April, create new revenue streams and secure raw materials that the UAE’s aluminium industry needs. The GAC project cost some US$1.4 billion to develop with a $750 million loan taken from development finance institutions, export credit agencies, and international commercial banks. EGA invested some $3.3 billion to develop the Al Taweelah refinery, the first in the UAE and  only the second in the Middle East. GAC’s operations include a mine, railway infrastructure, and port facilities. It is expected to produce some 12 million tonnes of bauxite ore per year at full design capacity, equivalent to the weight of two Great Pyramids of Giza. Guinea is the world’s largest exporter of bauxite.