Emirates Global Aluminium (EGA) has signed a three-year agreement to supply China’s Bosai Minerals Group with bauxite ore from the Republic of Guinea.
Under the agreement, EGA will supply Bosai Minerals Group with several million tonnes of bauxite ore each year, with the first shipment expected in January.
EGA had supplied Bosai Minerals Group with more than one-million tonnes of bauxite this year under short-term agreements.
“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,” says EGA CEO Adbulnasser Bin Kalban.
EGA invested $1.4-billion in the development of Guinea Alumina, one of the largest greenfield investments in Guinea in the past 40 years. The operation entails a 690 km2 mining concession, located in the northwest of Guinea. Once mined, bauxite is transported to port at Kamsar by train using shared rail infrastructure.
EGA operates a transshipment facility in Guinea, enabling its bauxite to be shipped using giant Capesize vessels, lowering shipment costs per tonne.