EGA restores bauxite supply agreement with Guinea

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EGA has agreed with the Republic of Guinea on the supply of bauxite and resolving other disputes between them, representing progress in ensuring stability in the supply of its raw materials.

The agreement provides for the renewal of bauxite supply contracts under mutually agreed commercial terms. EGA, the Government of Guinea, and Guinea Alumina Corporation (GAC) confirmed that the settlement addresses disruptions in bauxite shipments, including issues linked to Compagnie des Bauxites de Guinée (CBG).

The dispute escalated after Guinea revoked GAC’s mining license over regulatory and export-related issues, subsequently seizing and transferring its assets to a state-backed firm without compensation. EGA termed the move illegal, halted operations, and pursued legal action while seeking alternative bauxite sources.

As part of the current deal, Guinea will pay a lump-sum compensation to GAC following the cessation of its operations in the country. The agreement also covers the transfer of GAC’s assets to Nimba Mining Company (NMC), which will advance the Sangarédi bauxite project.

EGA stated the resolution aligns with the Simandou Strategic Committee’s framework, reflecting efforts to normalise operations and strengthen long-term trade relations between all stakeholders.

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