Chalco Secures Board Approval for $1 Billion Alumina Project in Guinea

The Aluminium Corporation of China, known as Chalco, has announced its board approved a $1 billion alumina project in Guinea. This initiative marks the company's first overseas alumina project. The project involves a Hong Kong subsidiary of Chalco and aims for an annual output of 1.2 million tons. The board's approval for the planned investment was granted on June 26, 2025. Chalco, the largest state-owned producer of aluminum in China, has agreed to invest in the alumina plant. The project intends to leverage Guinea's high-quality resources. Chalco's board plans to seek shareholder approval for the project through a general meeting. Detailed disclosures about the project are expected to be circulated to investors. The initial registered capital for the Project Company is proposed to be GNF600 million. This amount is equivalent to approximately USD68,200 or RMB470,900. Chalco has also agreed to an updated mining convention related to the Guinean alumina project. Under this agreement, Guinea gains an option for additional equity. Chalco's stake in the project may rise to 35 percent under a revised mining deal. This article is intended for informational purposes only. It does not constitute investment advice.