Guinea's Bold Move: EGA Mining License Revoked Amid Alumina Refinery Dispute

The Guinean government has revoked Emirates Global Aluminium (EGA)'s mining license due to the company's failure to fulfill a commitment to build an alumina refinery. The move, reported by Reuters, is part of an ongoing dispute that started in October, involving the suspension of EGA's bauxite exports and mining activities.

Guinea, the world's second-largest exporter of bauxite, is taking a tougher stance on foreign miners under the leadership of the junta that took power in September 2021. This action not only disrupts global aluminium supply chains but also underscores Guinea's push for more local mineral processing.

Emirates Global Aluminium, operating in Guinea through its subsidiary since 2019, has been urged to meet refinery commitments. Despite a final reminder from Guinea's Ministry of Mines, EGA failed to respond, leading to a force majeure declaration after the suspension of bauxite exports. Efforts to resolve the matter are ongoing.

(With inputs from agencies.)