{"id":106838,"date":"2025-08-25T00:00:00","date_gmt":"2025-08-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/thats-a-wrap-on-egas-operations-in-guinea\/"},"modified":"2025-08-25T00:00:00","modified_gmt":"2025-08-25T00:00:00","slug":"thats-a-wrap-on-egas-operations-in-guinea","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/25\/thats-a-wrap-on-egas-operations-in-guinea\/","title":{"rendered":"That\u2019s a wrap on EGA\u2019s operations in Guinea"},"content":{"rendered":"

E<\/strong>GA halts Guinea operations, citing gov\u2019t seizure of bauxite mine: <\/strong>Emirates Global Aluminium (EGA) has shut down its operating subsidiary in Guinea just a few weeks after the Guinea government seized its mine, according to a statement<\/a>. The firm terminated its presence and control over its sites in the country as of last Friday. <\/p>\n

What happened? <\/strong>Guinea had <\/span>earlier this month<\/a> transferred ownership of GAC\u2019s bauxite mining lease from the Dubai-based firm to a newly established state-owned company, after earlier <\/span>suspending<\/a> the company\u2019s shipments in October. The government had claimed that EGA failed to fulfill its commitment to build an alumina refinery, and the move is part of a wider push to gain more control over the country\u2019s natural and mineral resources.<\/span><\/p>\n

No update on its legal action against Guinea: <\/strong>EGA had also reportedly been seeking redress for the Guinea government\u2019s actions, which it said was a \u201cflagrant violation\u201d of its rights. <\/p>\n

REMEMBER- <\/strong>The firm is pivoting quickly \u2014 to Ghana: <\/strong>EGA is<\/a>in the<\/a>running to potentially develop Ghana's Nyinahin Hills bauxite deposit<\/a> following the government's termination of a USD 1.2 bn lease with local firm Rocksure International. The aluminum producer had signed an MoU with Ghana's state-owned Ghana Integrated Aluminum Development Corporation in June<\/a> to explore mining projects in the West African nation.<\/p>\n

It also has bigger plans in the US (and at home): <\/strong>The firm will develop a USD 4 bn primary aluminum production plant<\/a> in Oklahoma \u2014 the first such US facility since 1980 \u2014 with production set to begin in 2030. It\u2019s also reportedly revisiting plans to<\/a>IPO<\/a>, though it\u2019s still unclear which out of the Dubai and Abu Dhabi bourse it will go for, and what the potential timeline for the listing is. <\/p>\n","protected":false},"excerpt":{"rendered":"

The firm terminated its operations in the country after the government seized a key bauxite site<\/p>\n","protected":false},"author":1,"featured_media":106839,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1625],"tags":[833,871,7,64],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dispute-watch","tag-dispute-watch","tag-emirates-global-aluminium","tag-enterpriseam-uae","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"482913e4-c97e-4e05-8999-ddc9d057311c","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1972.jpg","photo_position":"above","homepage_title":"","full_issue_title":"That\u2019s a wrap on EGA\u2019s operations in Guinea","related_issue":[106826],"teaser":"The firm terminated its operations in the country after the government seized a key bauxite site","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.899bee65-b065-4522-a39e-af1eba7f7de8.mp3"},"yoast_head":"\nThat\u2019s a wrap on EGA\u2019s operations in Guinea - 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