Guinea, GAC, and EGA Reach Settlement to Resolve Bauxite Supply Disputes
The Republic of Guinea, represented by its Minister of Mines and Geology Bouna Sylla, has reached a settlement with Guinea Alumina Corporation (GAC) and Emirates Global Aluminium (EGA) to resolve disputes related to the cessation of GAC's activities in Guinea and the interruption of bauxite supplies to EGA. The agreement, negotiated under the guidance of the President of the Paris Bar Association, also addresses issues concerning Compagnie des Bauxites de Guinée (CBG). Key terms include a lump sum payment by Guinea to GAC in exchange for the transfer of GAC’s assets to Nimba Mining Company for the Sangarédi bauxite project. Additionally, the agreement renews bauxite supply contracts between CBG and EGA under mutually beneficial terms. 
