Construction of Chalco-invested bauxite mine starts in Guinea

Published: Oct 30, 2018 12:14

Save

Annual capacity of the project was initially planned at 12 million mt

SHANGHAI, Oct 30 (SMM) – A bauxite mine project in Guinea that Aluminum Corporation of China (Chalco) invested in, began construction on Sunday October 28. Located in the coastal town of Boffa, the project has planned capacity of 12 million mt, announced Chalco on its website.

Upon full operation, Chalco will be able to self-provide 75% of bauxite as raw materials in production.

The Boffa mine has an estimated 1.75 billion mt of bauxite reserves, allowing sustainable exploitation for over 60 years, Chalco said.

Chalco declared that it would invest up to $163.8 million in the project, which has a total cost of $706 million, when it signed an agreement with the Guinea government in June.

Market commentary

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

[SMM Flash News] China Tightens Control Over Primary Aluminum Capacity; Prices Rise in Afternoon Trading

Market reports indicate that China is further regulating the operation of primary aluminum capacity, leading to a reduction in excess production in parts of Guangxi. Market Performance: In the afternoon session, the SHFE aluminum contract closed up 0.53% at 24,570 yuan/ton, having earlier touched a high of 24,710 yuan/ton. Among listed companies, Chalco (China Aluminum) hit the daily price limit with a 10.01% gain, Nanshan Aluminum rose 8.81%, Yunnan Aluminum Co. gained 7.39%, and Hongqiao Holdings climbed 8.14%.

5 hours ago

[SMN Flash News] RTA first Q3 '26 CIF MJP Premium Offer at US$460/mt

Market sources report: RTA first Q3 '26 CIF MJP Premium Offer at US$460/mt. Validity 05 June 2026.

5 hours ago

9 hours ago

【SMM Aluminum Flash News】Tianshan Aluminum's 1.4 Million-Ton Green Project Hits First Power-On Milestone in Xinjiang

On May 24th, the 1.4 million-ton green and low-carbon energy efficiency improvement project for electrolytic aluminum at Tianshan Aluminum, undertaken by the Seventh Metallurgical Installation Company of Guizhou Construction Investment Group, successfully achieved its first power-on milestone. All operational indicators were excellent and met all standards, marking a significant milestone in the project's commissioning. Located in the Xinjiang Uygur Autonomous Region, the project's Seventh Metallurgical Installation Company was primarily responsible for core construction tasks, including civil engineering of the electrolytic workshop, flue gas purification area engineering, electrical installation of the electrolytic workshop, and electrolytic cell fabrication and installation.

9 hours ago