Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home News

Guinea Signs Agreement with Emirates Global Aluminium for Alumina Refinery

Benita OrumabyBenita Oruma
June 7, 2024
in News
0
Guinea Signs Agreement with Emirates Global Aluminium for Alumina Refinery
Share on FacebookShare on TwitterShare on Whatsapp

Guinea, Africa’s leading producer of bauxite, has inked a non-binding agreement with a subsidiary of Emirates Global Aluminium to construct a significant alumina refinery, marking the country’s second such facility. This move aligns with Guinea’s objective of leveraging its mineral wealth for economic advancement, urging companies to establish local refining capabilities to enhance the value of its bauxite resources.

Table of Contents

Toggle
  • Why it Matters:
  • What They’re Saying:
  • Bottom Line:

Why it Matters:

The agreement underscores the growing imperative for West African nations to capitalize on their mineral reserves to drive economic growth. Despite Africa’s substantial mineral endowment—estimated at 30% of global resources—countries in the region, particularly West Africa, have yet to fully benefit from this wealth. By prioritizing the development of refining infrastructure, Guinea aims to maximize the value derived from its natural resources, potentially serving as a model for other mineral-rich nations seeking to boost economic development.

What They’re Saying:

Guinea’s Mines Ministry official highlighted that the partnership between Emirates Global Aluminium and the Aluminium Corporation of China (Chinalco) signals a collaborative effort to advance the country’s refining capabilities. Additionally, a source at Emirates Global Aluminium confirmed the deal, emphasizing the company’s commitment to progressing the project’s feasibility and joint investment with Chinalco. This collaborative approach underscores the importance of international cooperation in developing Guinea’s mining sector and diversifying its economy.

Bottom Line:

Guinea’s agreement with Emirates Global Aluminium signifies a strategic step towards harnessing its bauxite reserves for economic prosperity. With investments in refining infrastructure, Guinea aims to transform its mineral wealth into tangible economic gains, setting a precedent for resource-rich nations in Africa and beyond.

Tags: AgreementAluminiumEmiratefederal charactergovernmentguineaGuinea Signs Agreement with Emirates Global Aluminium for Alumina RefineryNews
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

Related Posts

Is Italy's Government "Nervous" as Gaza Protests Put Pressure on Meloni
News

Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

October 4, 2025
Why Were Dozens of Flights Canceled at Amsterdam's Schiphol Airport
News

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

October 4, 2025
Who Are Morocco's 'GenZ 212' Protesters and What Do They Want?
News

Who Are Morocco’s ‘GenZ 212’ Protesters and What Do They Want?

October 4, 2025
Next Post
JUST IN: NLC addresses SGF, saying labor unions are not economic saboteurs

JUST IN: NLC addresses SGF, saying labor unions are not economic saboteurs

National unity government: Setbacks in the implementation of the system

National unity government: Setbacks in the implementation of the system

Government yet to establish a mental health department, months after the presidential assent

Government yet to establish a mental health department, months after the presidential assent

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Fibromyalgia Pain: Diagnosis, Management, and Relief

Fibromyalgia Pain: Diagnosis, Management, and Relief

1 year ago
AfDB Matches Italy’s $150m Loan for African Development Projects

AfDB Matches Italy’s $150m Loan for African Development Projects

1 year ago
BBNaija S10: Who Will The Viewers Save This Week?

BBNaija S10: Kayikunmi and Isabella Caught in Intimate Moment After Saturday Night Party

2 months ago
Why Anambra defeat could be a potential tip of the iceberg for APC

Why Anambra defeat could be a potential tip of the iceberg for APC

4 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Democrats Dump AIPAC: The Lobby No One Wants Anymore

Who’s Paying For Brandon Scott’s New Car?

Seyi Shay Reveals Truth Behind Fallout With Tiwa Savage

Rice Haunts Former Club as Arsenal Overcome West Ham to Go Top

Trending

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
Business & Finance

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina

byEriki Joan Ugunushe
October 4, 2025
0

As a result of the tariffs imposed under President Trump’s administration, China, once the biggest buyer of...

Baltimore City Offering Grants to Redevelop Vacant Homes

Baltimore City Offering Grants to Redevelop Vacant Homes

October 4, 2025
Is Italy's Government "Nervous" as Gaza Protests Put Pressure on Meloni

Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

October 4, 2025
Why Were Dozens of Flights Canceled at Amsterdam's Schiphol Airport

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

October 4, 2025
Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

October 4, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
  • Baltimore City Offering Grants to Redevelop Vacant Homes
  • Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com