Yearly, Guinea exports over 100 million tons of bauxite. However, the country has only one alumina refinery; alumina is necessary to produce aluminum. Since 2022, the government led by Mamadi Doumbouya has been pressuring mining companies to process bauxite locally.
In December 2024, Guinea signed a deal with China's State Power Investment Corp (SPIC) to build a bauxite-to-alumina plant. The project should be kicked off in March 2025 and be completed by the end of 2027. According to forecasts, it could produce 1.2 million tons of alumina per year. The project reflects the government's push for local processing of bauxite.
Doumbouya, who became president in September 2021 after a coup, has prioritized local processing in the mining sector. Early in his term, he issued an ultimatum to companies to present plans for building refineries in Guinea. Despite being the world's second-largest bauxite producer, Guinea has only one alumina refinery.
Guinea halted bauxite exports from Emirates Global Aluminium to expedite its refinery project in October 2024. Earlier that year, Emirates Global Aluminium had agreed to construct a refinery with a capacity of 1.2 million tons of alumina per year. Regarding the Chinese firm, State Power Investment Corp or SPIC, the Guinean government warned it about losing its mining concession if it does not achieve commercial production by December 2028.
The new refineries could bring significant benefits to Guinea, including increased state revenues and job creation. Also, prices of alumina could surpass bauxite’s tenfold.
In July 2024, the government announced a partnership with France's Alteo and the United Nations Industrial Development Organization (UNIDO) to help workers gain skills needed in the alumina industry.
However, power could be a major hindrance to these projects as bauxite processing requires substantial energy. A report states that refining one ton of bauxite needs about 3,000 kWh, while mining uses only about 34 kWh per ton. Meanwhile, less than half the population has access to electricity.
Fortunately, SPIC's project includes a 250-megawatt power plant, which will provide 100 megawatts to the national grid.
Emiliano Tossou
Lire aussi:
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• The IMF has approved an immediate disbursement of $367 million to Ghana, bringing the total financial support provided to the country since May...
• The African Free Trade Area (AfCFTA) adjustment fund grants a $10 million loan to Telecel Global Services to boost digital connectivity and...
PAPSS launches platform performing direct currency conversion and fostering economic integration across Africa. The continent loses about $5...
Somali President Hassan Cheikh Mohamoud visited Egypt to boost cooperation in political, economic, security, and military sectors. Discussions...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...