Mining: Guinea sidesteps arbitration with UAE’s aluminium group, tightens grip on bauxite
trade-off
After months of negotiations, Conakry has reached an agreement with the United Arab Emirates’ Guinea Alumina Corporation to transfer GAC’s assets to Guinea’s Nimba Mining Company.
Conakry has defused a major dispute. After several months of negotiations, Guinea and the UAE’s Guinea Alumina Corporation (GAC), a subsidiary of the Emirati mining group Emirates Global Aluminium, announced on 6 May in a joint statement that they had reached an amicable settlement.
The agreement definitively closes disputes linked to the transfer of GAC’s assets and the interruption of the group’s bauxite supply operations, including the contract binding it to the Compagnie de Bauxites de Guinée (CBG).
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