Guinea’s government approved on Dec. 29 a more than $2.8 billion investment by TBEA in a bauxite mine, an alumina refinery, and an aluminum smelter. The TBEA mine is expected to enter production by mid-2019 with an initial capacity of 10 million tons of bauxite per year that will rise to 30 million tons the following year. An alumina refinery with an annual capacity of 1 million tons is expected to be completed by June 2021 and construction of the smelter should begin around 2025. TBEA plans to import a 75-megawatt power plant and construct a 300 MW hydroelectric dam to power the installations.
The TBEA bauxite mine, formerly owned and exploited by Australian mining giant BHP Billiton, is located in Santou in the prefecture of Télémelé. TBEA will build a deep-water port and supplementary infrastructure for transporting bauxite from the region.
TBEA, widely known as one of the largest power equipment manufacturers, has business in power transmission and transformation equipment manufacturing, renewable energy, and new materials area. It is the largest shareholder of Xinjiang Joinworld with 28.14% of the equity, one of the largest manufacturers of high-purity aluminum and electronic aluminum foils for aluminum electrolytic capacitors in China.