Guinea strips EGA of concession, hands control to state backed miner
As of August 5, 2025, Guinea has revoked the bauxite concession previously awarded to Guinea Alumina Corporation (GAC), a subsidiary of Emirates Global Aluminium (EGA), citing violations of the national mining code. The concession has been reassigned to a newly established state-backed entity. This move signals a potential strategic shift by Guinea towards prioritising domestic utilisation of mineral resources and reducing reliance on international operators.
Dubai-based EGA, operating in Guinea through its subsidiary GAC, holds a 690-square-kilometre mining concession estimated to contain approximately 400 million tonnes of bauxite reserves.
A decree issued late Monday stated that GAC failed to meet regulatory requirements mandating mining companies to submit refinery development plans. As a result, the government has withdrawn the concession with immediate effect and reassigned it to state-backed Nimba Mining SA "free of charge and without compensation."
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