ATHENS--The proposed joint venture alumina refinery project in Guinea between Canada's Alcan Inc. (AL) and U.S. Alcoa Inc. (AA) is expected to start production in 2009-2010, the country's general secretary to the minister of mines and geology said Tuesday.
The refinery will have an annual capacity of 1.5 million metric tons of alumina in the initial stages, to be expanded to 3 million tons and then 4.5 million tons a year, Diallo said.
The project is expected to cost $1 billion, Diallo told Metal Bulletin's 13th bauxite and alumina conference in Athens.
As part of the project, the port of Kamsar will be expanded.
But the joint venture partners haven't made a final decision on the project, Alcan said, although it looks highly likely it will go ahead.
Earlier Tuesday, Jacynthe Cote, Alcan's president and chief executive of bauxite and alumina, said a decision on the project would be taken in the next 18-24 months. "It's a question of when, not if," she said.
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