{"id":482719,"date":"2025-07-09T20:09:07","date_gmt":"2025-07-09T20:09:07","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2025\/07\/09\/guinea-ega-announces-termination-of-its-basic-agreement\/"},"modified":"2025-07-09T20:09:15","modified_gmt":"2025-07-09T20:09:15","slug":"guinea-ega-announces-termination-of-its-basic-agreement","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2025\/07\/09\/guinea-ega-announces-termination-of-its-basic-agreement\/","title":{"rendered":"Guinea: EGA announces termination of its basic agreement"},"content":{"rendered":"
<\/div>

Emirates Global Aluminium (EGA), the parent company of Guinea Alumina Corporation (GAC), announced on Wednesday, July 9, 2025, the termination by the Guinean Government of its basic agreement with its Guinean subsidiary. A decision that according to GAC, will result in the loss of over 2,000 jobs, including employees and subcontractors.<\/p>\n

Since the fall of 2024, GAC operations have been suspended. The Guinean Government has blocked the exports of bauxite and the company’s access to the shared railway network. In addition, Compagnie des Bauxites de Guin\u00e9e (CBG), a state-owned company, has stopped delivering bauxite to the United Arab Emirates.<\/p>\n

Since General Mamadi Doumbouya came to power, the government has been pressuring GAC to build an alumina refinery in accordance with its basic agreement. EGA, the parent company, wanted more time. Ultimately, negotiations reached a standstill. GAC claims to have tried to restart its activities and move forward with its alumina refinery project in Guinea, despite the obstacles encountered.<\/p>\n

EGA and GAC announce that they will initiate proceedings before the relevant international courts to seek compensation for the damages suffered. It remains to be seen whether this rupture will impact the relations between Conakry and Abu Dhabi.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Emirates Global Aluminium (EGA), the parent company of Guinea Alumina Corporation (GAC), announced on Wednesday, July 9, 2025, the termination by the Guinean Government of its basic agreement with its Guinean subsidiary. A decision that according to GAC, will result in the loss of over 2,000 jobs, including employees and subcontractors. Since the fall of<\/p>\n","protected":false},"author":537202,"featured_media":482720,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2025\/07\/09\/guinee-ega-annonce-la-resiliation-de-sa-convention-de-base\/","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[20859],"tags":[],"class_list":["post-482719","post","type-post","status-publish","format-standard","has-post-thumbnail","category-example-4","pmpro-has-access"],"yoast_head":"\nGuinea: EGA announces termination of its basic agreement - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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