{"id":490622,"date":"2026-05-06T12:44:36","date_gmt":"2026-05-06T12:44:36","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/05\/06\/guinea-gac-and-ega-reach-an-amicable-agreement-under-the-auspices-of-the-simandou-strategic-committee\/"},"modified":"2026-05-06T12:44:42","modified_gmt":"2026-05-06T12:44:42","slug":"guinea-gac-and-ega-reach-an-amicable-agreement-under-the-auspices-of-the-simandou-strategic-committee","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/05\/06\/guinea-gac-and-ega-reach-an-amicable-agreement-under-the-auspices-of-the-simandou-strategic-committee\/","title":{"rendered":"Guinea, GAC and EGA reach an amicable agreement under the auspices of the Simandou Strategic Committee"},"content":{"rendered":"
<\/div>

The Republic of Guinea, represented by the Minister of Mines and Geology as well as the Minister of Economy, Finance and Budget, on the one hand, and the companies Guinea Alumina Corporation (GAC) and Emirates Global Aluminium (EGA), on the other hand, have reached an amicable agreement aimed at definitively resolving the disputes related to the cessation of GAC’s activities in Guinea and the interruption of bauxite supply to the EGA group.<\/p>\n

The agreement, negotiated under the leadership of the current President of the Paris Bar Association, also covers all disputes related to the Compagnie des Bauxites de Guin\u00e9e (CBG).<\/p>\n

According to the agreed terms – still subject to certain conditions – the Republic of Guinea will pay a lump sum to GAC, in exchange for, among other things, the transfer of its assets to Nimba Mining Company (NMC), which is set to continue the operation of the Sangar\u00e9di bauxite project.<\/p>\n

The agreement also provides for the renewal of bauxite supply agreements between CBG and the EGA group, based on commercial terms presented as mutually beneficial for the various parties.<\/p>\n

Under the guidance of the Simandou Strategic Committee, this agreement marks an important step in the normalization of relations between Conakry and international mining investors, in a context where Guinean authorities seek to reconcile economic sovereignty, contractual stability, and strategic valorization of national mineral resources.<\/p>\n

In this context, the Minister Director of the Presidency’s Cabinet, Djiba Diakit\u00e9, reiterated the economic doctrine defended by Guinean authorities:<\/p>\n

“The Republic of Guinea fully assumes its political and economic sovereignty. Faithful to the vision of the President of the Republic, we believe in the potential of our country and welcome strategic investments that promote sustainable and responsible development, within the framework of the Simandou 2040 program.”<\/p>\n

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

The Republic of Guinea, represented by the Minister of Mines and Geology as well as the Minister of Economy, Finance and Budget, on the one hand, and the companies Guinea Alumina Corporation (GAC) and Emirates Global Aluminium (EGA), on the other hand, have reached an amicable agreement aimed at definitively resolving the disputes related to<\/p>\n","protected":false},"author":537202,"featured_media":490623,"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\/2026\/05\/06\/la-guinee-gac-et-ega-parviennent-a-un-accord-amiable-sous-legide-du-comite-strategique-de-simandou\/","_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":[12591],"tags":[],"class_list":{"0":"post-490622","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-feature","8":"pmpro-has-access"},"yoast_head":"\nGuinea, GAC and EGA reach an amicable agreement under the auspices of the Simandou Strategic Committee - 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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