Guinea Moves to Revoke EGA's Mining Licence Amid Resource Control Push

Guinea has launched proceedings to withdraw the Emirates Global Aluminium's (EGA) mining licence amid an ongoing dispute. According to sources, this decision stems from unresolved issues over customs duties with the West African nation's authorities.

EGA, co-owned by Abu Dhabi's Mubadala and Dubai's Investment Corporation, runs one of the world's largest bauxite mines in Guinea. Since October of last year, their mining operations have been stalled, affecting export volumes significantly. EGA has not provided a comment regarding this development yet.

This action by Guinea highlights a trend among resource-laden countries in West Africa to assert more control over their mineral assets, a move that could have far-reaching consequences for the global mining industry.

(With inputs from agencies.)