Republic of Guinea: The Guinea Alumina Corporation SA (GAC), a major player in the mining sector in the Republic of Guinea, today announced the awarding of a mining and construction contract to the French Company, Bouygues Travaux Public Mining Infrastructure.
Bouygues was chosen after a 12-month period of competition, during which more than 20 candidate companies were evaluated.
At the GAC mine in Tinguilinta, Bouygues BTP will carry out all mining operations from drilling to blasting and grinding the train. It will begin construction activities in the fourth quarter of this year and will begin operations in the fourth quarter of 2018 for a five-year term.
The total investment cost of the GAC project is approximately $1 billion, representing one of the largest mining investments in Guinea in the last forty (40) years.
The project will boost the Guinean economy and generate local development and job creation.
Mrs. Diallo Aissata Beavogui, General Manager of GAC said, "The awarding of this contract represents a major step forward in our project in Guinea, which is of socio-economic importance to the Boké region in particular and for Guinea, in general. I’m satisfied with the progress made so far."
The GAC project is currently in its construction phase and will begin its operations phase and commercialization of bauxite in 2019.
''Building a future of hope, opportunity and pride for Guinea.''