Chalieco Plans EPC Contract for Guinea Alumina Project

Deep News11-09 08:40

Chalieco (02068) has announced that, on November 6, 2026, its fifth board of directors held its eleventh meeting and approved a plan for the company to enter into an engineering, procurement and construction (EPC) turnkey contract as the general contractor with China Aluminum Guinea Co., Ltd. (Chalco Guinea).

Under the arrangement, Chalco Guinea, as the project owner, intends to engage the company to provide EPC services for the Guinea alumina project located in the Boffa region of the Republic of Guinea.

The EPC turnkey contract is a fixed lump-sum contract, with an expected contract price of approximately RMB 6.556 billion. Apart from adjustments stipulated in the contract terms, the contract price will not be adjusted.

As of the date of this announcement, Chalco Guinea is a subsidiary of Aluminum Corporation of China Limited (Chalco). Aluminum Corporation of China Group (Chinalco) is the controlling shareholder of the company, and Chalco is a subsidiary of Chinalco.

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