The China-based company State Power Investment Corp is set to commence the construction of its alumina plant this year in Guinea. This facility will be unique in that it will be Guinea’s Largest Alumina Processing Plant. The Chinese company that will be undertaking this project has been processing bauxite in Guinea for the past three years.
According to SPIC, the construction works of the facility will commence in March and are expected to be finished by the end of the year 2027. This refinery will boast an impressive capacity of 1.2 million tons of alumina.
Project Overview: SPIC is building Guinea’s largest alumina processing plant, with an annual production capacity of 1.2 million tonnes of alumina.
Location: The plant is located in Guinea, West Africa.
Construction timeline: The project is set to commence in March 2025 and is expected to be completed by the end of 2027.
Current Largest Plant: The new plant will dwarf the current largest refinery, United Co. Rusal Friguia’s plant, which produces 600,000 tonnes annually.
Power Plant: SPIC will also construct a 250-megawatt power plant, with 100 megawatts being supplied to the national grid.
Bauxite Production: SPIC exported 3.14 million tonnes of bauxite in 2023.
Government Involvement: Guinea’s military government has been encouraging mining companies to develop on-site processing facilities to boost economic growth.
Concession Terms: The government reserves the right to withdraw the mining concession if SPIC does not reach commercial production by December 2028
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This processing plant will become the biggest in the country upon completion. It will be rival to Russia owned United Co. Rusal Friguia’s refinery which possesses the capacity of producing at least 600,000 tons annually.
Furthermore, SPIC will also embark on constructing a 250MW power plant and supply 100MW to the national grid. This information was also revealed by the statement. The company got to ship 3.14 million tons of bauxite in the year 2023.
The military government of Guinea has been luring mining firms in the world’s biggest exporter of bauxite. This ore gets processed in order to come up with alumina. It has been luring them to set up processing facilities in the country in order to boost its general economic growth and development.
The agreement with SPIC with the government of Guinea come in barely a couple of months after the junta. It was led by General Mamadi Doumbouya who blocked the bauxite shipments belonging to Emirates Global Aluminium until the country speed up its refinery project.
“The state gets to reserve the right to withdraw the mining concession from State Power Investment Corp. This will be done If the company doesn’t reach commercial production by December 2028,” the statement stated.
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