Guinea Transfers Emirates Global Mining Rights to State Company

UAE lashes out after Guinea revokes major bauxite mining licence

UAE has condemned Guinea’s military government for revoking a major bauxite mining concession held by its Emirates Global Aluminium.s

Guinea Transfers Emirates Global Mining Rights to State Company

Guinea has transfered a bauxite mining lease belonging to the local unit of Emirates Global Aluminium to a newly created state-owned company.

Guinea revokes Emirates Global Aluminium's bauxite mining concession

The government of Guinea has revoked the bauxite concession of EGA and transferred the assets to a newly established state-backed enterprise, Nimba Mining.The post Guinea revokes Emirates Global Aluminium’s bauxite mining concession appeared first on Mining Technology.

EGA seeks redress after Guinea revokes bauxite concession

Local firm takes over $488m EGA writedown Move risks 3,000 local jobs UAE’s Emirates Global Aluminium (EGA) said that Guinea Alumina Corporation (GAC), its wholly owned subsidiary, will seek redress and has initiated legal action following the withdrawal of its bauxite concession in Guinea. “The illegal and hostile takeover further represents breaches of Guinea’s contractual obligations and undermines any credibility of its engagement with forei…

Guinea junta strips GAC of mining rights in bauxite-rich region

Guinea’s ruling junta has revoked a major bauxite mining concession from the UAE-owned Guinea Alumina Corporation (GAC), placing it under state control. Junta leader General Mamadi Doumbouya announced the decision on national television, accusing GAC of failing to comply with Guinea’s mining code. No further explanation was provided, but the move signals a growing trend of military regimes reclaiming control over natural resources in West Africa…