Chalco to build $1 billion alumina plant in Guinea

The Aluminium Corporation of China (Chalco) plans to invest in a 1.2-million-ton per year alumina project in Boffa, Guinea.

The company’s wholly-owned subsidiary, Chalco Hong Kong, will invest $1 billion (USD) in the project.

The construction period estimated to be three to four years.

Chalco Hong Kong, together with Chalco Guinea Mining and Ports Company, signed a revised and restated version of the Mining Agreement with the Guinean government.

According to the agreement, Chalco Hong Kong will establish a wholly-owned project company to operate the project.

The project is subject to review by the company’s shareholders and approvals from related government agencies in Guinea.