Republic of Guinea, GAC, EGA reach agreement
Guinea, represented by its Minister of Mines and Geology Bouna Sylla, has reached an amicable settlement with Guinea Alumina Corporation (GAC) and Emirates Global Aluminium (EGA) to definitively settle the disputes arising from the cessation of GAC's activities in Guinea and the interruption of Guinean bauxite supplies to the EGA Group.
The agreement was negotiated under the auspices of the incumbent President of the Paris Bar Association.
The agreement also settles any dispute related to Compagnie des Bauxites de Guinée (CBG).
The terms of the agreement, which is subject to some conditions, include the payment by Guinea of a lump sum to GAC, in particular in exchange for the transfer of GAC’s assets to Nimba Mining Company for the purpose of exploiting the Sangarédi bauxite project.
Additionally, terms of the agreement include the renewal of the bauxite supply agreements between CBG and the EGA Group under mutually beneficial commercial terms.
The parties note, in a media release, that, in line with the guiding principles set by the Simandou Strategic Committee, this agreement reflects the decidedly constructive effort to normalise and strengthen trade relations between the parties.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















