EGA's Guinea bauxite unit hopes to resume talks with government
EGA has been in a dispute with the government since October last year when its bauxite exports and mining operations were suspended by the authorities. And earlier this month, Reuters reported it launched a process to withdraw EGA's mining licence over its failure to build an alumina refinery.
The EGA subsidiary - Guinea Alumina Corporation (GAC) - said in a statement that it had always fulfilled all of its obligations under agreements it signed with Guinea, and strongly contested that it has acted differently.
"GAC hopes the Guinean Government will resume amicable negotiations and lift all blocking measures against GAC's operations," the statement said.
Representatives of Guinea's military-led government did not immediately respond to requests for comment.
In its statement, GAC said the measures imposed by the authorities had hampered its operations, leading to their complete stoppage in December 2024 and significant financial losses for the company and its shareholders.
"Since October 2024, the Guinean Government and certain Guinean public entities have taken a series of measures against GAC (and the wider EGA group) that run counter to the contractual and international commitments of the Republic of Guinea," it said.
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