Nalco eyes bauxite assets in Guinea, to send team to evaluate opportunity

National Aluminium Company (Nalco) is looking at the possibility of gaining access to bauxite deposits in Guinea. The West African country is home to a third of the world’s reserves, with an estimated 40 billion tonnes of high-grade bauxite. “If we get mining rights, we can think of setting up an alumina-refining facility there. Nalco will shortly send a team to Guinea to evaluate the possibilities,” said T K Chand, chairman and managing director.

Leading global aluminium companies Alcoa and Rio Tinto Alcan jointly own a bauxite mine in Guinea. No Indian company has a presence there. Vedanta imports bauxite from