EGA plans to make investments worth $5 billion in upstream aluminium by 2020

UAE-based Emirates Global Aluminium (EGA) is bullish about the global aluminium market and plans a capital expenditure of $5 billion by 2020, said the chief executive of the company.

An official gave a review of the two smelters making up EGA – Dubal and Emal – and said the company was taking care of future requirements in the upstream.

He said the first phase of the bauxite mine development in Guinea would be completed by the end of 2017 while the alumina refinery in the African nation would be operational by 2022.

“We’re also excited over the Shaheen Project in Abu Dhabi.” said Kalban, referring to the plan to build an alumina refinery near the Emal plant. “The feasibility studies have been completed and approved. Phase 1 capacity will be 2 million tonnes per year with completion by 2017. Phase 2 will have capacity of 2 million tonnes and be completed by 2020.

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