Emirates Global Aluminium (EGA) has signed a 5-year agreement with Xinfa to supply bauxite from its Guinea Alumina Corp. (GAC) mine to the Chinese company. EGA will supply Xinfa with millions of tonnes of bauxite each year from 2020, with the first vessel scheduled to load in January. Xinfa is one of the largest aluminium producers in China. In July 2019 EGA signed a long-term agreement with Vedanta for bauxite supplies from GAC.
EGA’s GAC began bauxite exports in August. EGA invested some USD1.4bn to develop the GAC project, one of the largest greenfield investments in Guinea in the past 40 years. EGA CEO Abdulla Kalban said: “GAC is a new global source of high quality bauxite, responsibly produced and with cost-effective shipping using the world’s largest bulk cargo vessels. The strategy we are successfully implementing is to have a diversified customer base for GAC bauxite in major markets including China and India.”