Chalco to build an alumina project in Guinea
2026-05-26 12:00:42 [Print]
The Aluminium Corporation of China (Chalco) said on May 22 that its board has approved a Hong Kong subsidiary's plan to invest in a 1.2-million-tonne-per-year alumina project in Guinea, marking the company's first overseas alumina venture. Total investment is estimated at around $1 billion.
In an exchange filing, Chalco noted that the board had initially approved the investment on June 26, 2025, but disclosure was delayed under regulatory rules amid concern that an immediate announcement could adversely affect the project's progress.
Three of the company's subsidiaries signed an amended and restated mining agreement with the Guinean government on May 21. The agreement remains subject to shareholder review and approval by relevant government agencies in Guinea.
In an exchange filing, Chalco noted that the board had initially approved the investment on June 26, 2025, but disclosure was delayed under regulatory rules amid concern that an immediate announcement could adversely affect the project's progress.
Three of the company's subsidiaries signed an amended and restated mining agreement with the Guinean government on May 21. The agreement remains subject to shareholder review and approval by relevant government agencies in Guinea.
Alumina 98.5%min EXW China
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China alumina producers' sales to production ratio statistics by province by month
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