EGA signs bauxite supply agreement with Bosai Minerals group – Aluminum Insider
Emirates Global Aluminum PJSC (EGA) announced this week that it has signed a three-year agreement with Chinese group Bosai Minerals to supply the company with bauxite ore from its operations in the West African state of Guinea.
EGA did not give specific details of the deal, only stating that it would supply “several million tonnes” of bauxite ore each year to its subsidiary Guinea Alumina Corporation. EGA has already supplied Bosai with a substantial amount of bauxite ore this year to date under several short-term agreements.
Yuan Zhilun, chairman of Bosai Minerals Group, said in a related press release that he plans to continue the relationship for several years to come.
“We welcome EGA as a long-term supplier of bauxite to the Bosai Group, and look forward to the reliable supply of Guinean ore over the coming years to boost our business. “
Abdulnasser Bin Kalban, CEO of EGA, said the deal is part of his company’s broader goal to be a major third-party supplier of bauxite ore.
“EGA is now a major player in the merchant bauxite market, and our strategy reflects our approach to cast metal – consistent high quality, reliable sourcing and an emphasis on building mutually beneficial relationships with our customers. clients. We are delighted that Bosai Minerals Group is joining a group of long-term EGA bauxite customers that is geographically balanced in four key regions. “
Based in Abu Dhabi, United Arab Emirates, Emirates Global Aluminum is an aluminum conglomerate created by the merger between Dubai Aluminum (DUBAL) and Emirates Aluminum (EMAL) in 2013. EGA had an estimated enterprise value of $ 15 billion. dollars at the time of the merger. took place. The company is equally owned by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai. Emirates Global Aluminum holds interests in the bauxite / alumina and primary aluminum smelter.