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Emirates Global Aluminium claims Guinea terminated the deal in error

Emirates Global Aluminium announced on Wednesday that Guinean authorities had terminated a contract with its subsidiary Guinea Alumina Corporation after a dispute lasting a year over the construction of alumina refinery.

Guinea's military regime

GAC has suspended its bauxite

West Africa's militarized states are increasingly focusing on exports and mining as part of their increasing

aggressive

They are also pushing to get more out of their natural resources.

The junta that took power in 2021 is the second largest producer of bauxite ore, which is used to make aluminum.

The miners demanded to be paid

Present plans to build refineries to generate capital for country.

EGA, which is owned equally by Abu Dhabi sovereign fund Mubadala, and Dubai sovereign fund Investment Corporation of Dubai said that they plan to seek remedies through international courts.

In a statement, Abdulnasser Bin Kalban said that "these actions have made it impossible to continue GAC's operation and develop an alumina refining facility."

GAC said it will proceed with the necessary redundancy process, which initially will affect more than 2,00 employees and contractors.

Kalban said, "We've maintained GAC employees in difficult circumstances as long as we could."

The government of Guinea did not respond immediately to a comment request.

Despite Guinea's

regulations, bauxite exports

jumped

The robust Chinese demand will drive a 36% increase to 99,8 million metric tonnes in the first half 2025. (Reporting and writing by Hadeel al Sayegh, Maxwell Akalaare Adombila, Editing by Bate Felis and Mark Porter).

(source: Reuters)