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Thursday, 9 February 2017

Fluor bags Guinea Alumina Corp’s bauxite mining project

IRVING, US: Fluor Corporation said that Guinea Alumina Corporation SA (GAC) has awarded it an engineering and programme management consultancy contract for a major bauxite mine in the Boke region of Guinea, Africa. Fluor successfully completed the feasibility study for GAC in the second quarter of 2016. The company has booked the approximately $700 million contract value into backlog in the fourth quarter of 2016.
Fluor will manage the development of a 12 million-tonne-per-annum bauxite mine, a dedicated export terminal in Port Kamsar and rail and other infrastructure upgrades. The mine, which is scheduled to begin production in 2018, will supply high-quality raw materials for alumina production facilities globally.
“We will leverage our global expertise in marine structures, port terminals and mineral processing along with our experience in Guinea to deliver innovative design and project execution solutions that improve capital efficiency,” said Rick Koumouris, president of Fluor’s mining & metals business.
“Guinea Alumina Corporation, a key investment for Emirates Global Aluminium, will drive significant local growth within Guinea and secure Emirates Global Aluminium’s position upstream in the aluminium chain,” said Abdulla Kalban, managing director and chief executive officer of Emirates Global Aluminium, which owns GAC. “We look forward to our continued relationship with Fluor to ensure further cost optimization and ultimately a safe and successful project.”
GAC is a wholly-owned subsidiary of Emirates Global Aluminium, which is equally owned by Mubadala Development Company and Investment Corporation of Dubai. The project serves as Emirates Global Aluminium’s entry into the global bauxite market.

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