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Guinea Alumina Corporation

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uuid000tfga

Namestring
Guinea Alumina Corporation
Legal namestring
Guinea Alumina Corporation S.A
Websiteurl
gacguinee.com
Company typeenum
Private
Founded yearint
2001
Descriptiontext

Guinea Alumina Corporation SA (GAC) was the bauxite mining subsidiary of Emirates Global Aluminium PJSC (EGA), a UAE-based industrial company and the world's largest 'premium aluminium' producer. Incorporated in Guinea, GAC was founded in 2001 and operated an integrated bauxite extraction and export business in the Boké province, moving ore from open-pit mines via a dedicated 127-kilometre railway to a deep-water bulk export terminal at the port of Kamsar on Guinea's Atlantic coast. The company held rights to approximately 400 million tonnes of bauxite mineral resources in its development area and had invested a cumulative $1.4 billion into the integrated mining-railway-port complex.

GAC's revenue model was B2B commodity export, selling bauxite ore primarily as captive feedstock into EGA's downstream aluminium smelting operations. The company employed 3,200 permanent staff and recorded $244 million in direct expenditures in Guinea during 2024. GAC was the first company in Guinea to achieve Aluminium Stewardship Initiative (ASI) certification, differentiating on responsible sourcing credentials relevant to energy-transition-linked aluminium demand. Its customer base was effectively a single counterparty — its parent EGA — making it a vertically integrated upstream arm rather than an independent market-facing producer.

As of 23 August 2025, GAC's operating status is closed. The Republic of Guinea revoked the company's mining licence in August 2025, citing GAC's failure to build a committed 1 million tonne-per-year alumina refinery, and transferred the lease to state-owned Nimba Mining Company. EGA recorded a $765 million impairment charge associated with the loss of its Guinea subsidiary. GAC announced its exit from Guinea following the expropriation, and its corporate website now operates in an archival-only capacity.

Short descriptiontext

Guinea Alumina Corporation SA was the wholly-owned bauxite mining subsidiary of Emirates Global Aluminium, operating integrated open-pit mining, rail haulage, and port export infrastructure in Guinea's Boké province to supply captive feedstock into EGA's aluminium smelting operations until licence revocation in August 2025.

Operating statusenum
Closed
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersConakry, Guinea
HQ citystring
Conakry
HQ countrystring
Guinea
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
bauxite mining operations, bauxite ore export, mineral resource extraction, railway port logistics, alumina feedstock supply
Industry1 code
PRIMARYIMAKACAA
Bauxite Mining & Beneficiation
Industrials, Manufacturing & Construction/Metals & Mining/Aluminum (Bauxite, Alumina & Primary/Secondary Smelting)
NAICS code1 code
  • Other Metal Ore Mining21229
SIC code2 codes
  • Metal Mining1000
  • Miscellaneous Metal Ores1090
Product category
Bauxite Mining
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Bauxite Mining and Export
TypeTransaction Fee
Description

GAC operated as a bauxite mining subsidiary of Emirates Global Aluminium, extracting and exporting bauxite ore from Guinea. The company generated revenue through the sale and export of mined bauxite to alumina refineries. GAC generated $244 million in direct expenditures in Guinea in 2024. EGA reported a $765 million charge associated with GAC's revoked mining licence in 2025.

gacguinee.com
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Operations, Infrastructure, Personnel, Supply Chain
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Guinea Alumina Corporation mined and exported bauxite ore from mining concessions in Guinea's Boké province, transporting extracted ore via a dedicated 127km railway to its deep-water port terminal at Kamsar for seaborne bulk export to alumina refineries and aluminium producers worldwide. As a wholly-owned subsidiary of Emirates Global Aluminium, GAC supplied bauxite feedstock for EGA's aluminium smelting operations and third-party alumina refineries. Note: GAC's mining activities in Guinea were terminated on 23 August 2025 following revocation of its mining licence by the Republic of Guinea.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 3,200 permanent jobs created
+2 more records
Product overview1 text field

Guinea Alumina Corporation (GAC) is a wholly-owned subsidiary of Emirates Global Aluminium, operating as an integrated bauxite mining and export business. The company operates three core components: bauxite mining operations in the Boké province, a railway system transporting ore to the coast, and port facilities at Kamsar for export. The company has invested $1.4 billion in total development and generated $244 million in direct expenditures in Guinea in 2024. Note: The company's mining activities in Guinea were terminated on 23 August 2025 following expropriation by the Republic of Guinea.

Product and service1 record
1Bauxite Mining Operations
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeOthers
Description

EGA is the parent company and sole owner of Guinea Alumina Corporation. GAC is the wholly-owned bauxite mining subsidiary of EGA, the world's largest 'premium aluminium' producer. GAC operated as EGA's source of raw material feedstock for its aluminium smelting operations. Following the revocation of GAC's mining licence in August 2025, EGA condemned the Guinean government's actions and GAC announced it would exit Guinea after expropriation.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

CBG is the largest bauxite producer in Guinea, operating a joint venture between the Guinean government, Rio Tinto, and other partners. It is the most direct comparable to GAC as it mines and exports bauxite from the Boké region using a dedicated railway and port infrastructure.

TypeDirect peer
Description

SMB is a major Guinean bauxite producer operating in Boké province with integrated mining-rail-port infrastructure comparable to GAC's. It is one of the principal competitors operating in the same geography and value chain segment.

TypeDirect peer
Description

Alufer Mining developed and operated the Bel Air bauxite mine in Guinea, exporting through the Port of Buchanan in Liberia. As a peer bauxite producer in West Africa with similar export-oriented infrastructure, it is directly comparable to GAC's operating model.

TypeRegional player
Description

Nimba Mining is the Guinean state-owned entity to which GAC's mining lease and infrastructure were transferred following the August 2025 expropriation. It now operates the assets GAC previously owned and is the natural successor comparable in geography and scope.

TypeBroad incumbent
Description

EGA is the parent company of GAC and the world's largest 'premium aluminium' producer, with vertically integrated bauxite mining, alumina refining, and primary aluminium smelting. It is the primary captive customer of GAC and the entity bearing the $765M impairment charge.

TypeBroad incumbent
Description

Rio Tinto is a global integrated aluminium producer with major bauxite mining interests, including a stake in CBG in Guinea. It is comparable as a broad incumbent in the same bauxite-aluminium value chain that GAC served.

TypeBroad incumbent
Description

Alcoa is one of the world's largest bauxite miners and alumina refiners, with operations across the global bauxite belt. It is a broad incumbent comparable to EGA's bauxite-aluminium value chain in which GAC was embedded.

TypeBroad incumbent
Description

Norsk Hydro is a major integrated aluminium producer with bauxite mining, alumina refining, and smelting operations globally. It is comparable to GAC as part of the same vertically integrated bauxite-to-aluminium supply chain.

TypeBroad incumbent
Description

Hindalco is a major Indian aluminium and copper producer with captive bauxite mines in India and overseas. It is comparable as a broad incumbent operating integrated bauxite-aluminium production similar in vertical structure to the EGA-GAC arrangement.

TypeBroad incumbent
Description

China Hongqiao is the world's largest primary aluminium producer, with significant captive bauxite sourcing interests in Guinea and Indonesia. It is a broad incumbent buyer and producer competing for Guinean bauxite resources that GAC historically supplied.

Market position
Strengths2 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Guinea Alumina Corporation

Bauxite Mininggacguinee.com

Guinea Alumina Corporation SA was the wholly-owned bauxite mining subsidiary of Emirates Global Aluminium, operating integrated open-pit mining, rail haulage, and port export infrastructure in Guinea's Boké province to supply captive feedstock into EGA's aluminium smelting operations until licence revocation in August 2025.

What Guinea Alumina Corporation does

Guinea Alumina Corporation SA (GAC) was the bauxite mining subsidiary of Emirates Global Aluminium PJSC (EGA), a UAE-based industrial company and the world's largest 'premium aluminium' producer. Incorporated in Guinea, GAC was founded in 2001 and operated an integrated bauxite extraction and export business in the Boké province, moving ore from open-pit mines via a dedicated 127-kilometre railway to a deep-water bulk export terminal at the port of Kamsar on Guinea's Atlantic coast. The company held rights to approximately 400 million tonnes of bauxite mineral resources in its development area and had invested a cumulative $1.4 billion into the integrated mining-railway-port complex.

GAC's revenue model was B2B commodity export, selling bauxite ore primarily as captive feedstock into EGA's downstream aluminium smelting operations. The company employed 3,200 permanent staff and recorded $244 million in direct expenditures in Guinea during 2024. GAC was the first company in Guinea to achieve Aluminium Stewardship Initiative (ASI) certification, differentiating on responsible sourcing credentials relevant to energy-transition-linked aluminium demand. Its customer base was effectively a single counterparty — its parent EGA — making it a vertically integrated upstream arm rather than an independent market-facing producer.

As of 23 August 2025, GAC's operating status is closed. The Republic of Guinea revoked the company's mining licence in August 2025, citing GAC's failure to build a committed 1 million tonne-per-year alumina refinery, and transferred the lease to state-owned Nimba Mining Company. EGA recorded a $765 million impairment charge associated with the loss of its Guinea subsidiary. GAC announced its exit from Guinea following the expropriation, and its corporate website now operates in an archival-only capacity.

Guinea Alumina Corporation firmographics

Firmographics
Name
Guinea Alumina Corporation
Legal name
Guinea Alumina Corporation S.A
Website
https://gacguinee.com
Company type
Private
Founded year
2001
Operating status
Closed
Headcount range
501–1,000 employees
Short description
Guinea Alumina Corporation SA was the wholly-owned bauxite mining subsidiary of Emirates Global Aluminium, operating integrated open-pit mining, rail haulage, and port export infrastructure in Guinea's Boké province to supply captive feedstock into EGA's aluminium smelting operations until licence revocation in August 2025.
Ownership category
akta.pro rank

Guinea Alumina Corporation industry classification

Industry
Product category
Bauxite Mining
NAICS
Other Metal Ore Mining (21229)
SIC
Metal Mining (1000), Miscellaneous Metal Ores (1090)
akta.pro industry
PRIMARYIMAKACAA
Bauxite Mining & Beneficiation
Industrials, Manufacturing & Construction/Metals & Mining/Aluminum (Bauxite, Alumina & Primary/Secondary Smelting)

Keywords

  • Bauxite mining operations
  • Bauxite ore export
  • Mineral resource extraction
  • Railway port logistics
  • Alumina feedstock supply

Where Guinea Alumina Corporation is headquartered

Location

Headquarters

HQ city
Conakry
HQ country
Guinea

Offices3 records

Markets served

Guinea Alumina Corporation business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Infrastructure, Personnel, Supply Chain

Revenue model

  1. Bauxite Mining and Export: GAC operated as a bauxite mining subsidiary of Emirates Global Aluminium, extracting and exporting bauxite ore from Guinea. The company generated revenue through the sale and export of mined bauxite to alumina refineries. GAC generated $244 million in direct expenditures in Guinea in 2024. EGA reported a $765 million charge associated with GAC's revoked mining licence in 2025.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Guinea Alumina Corporation product offering

Product offering

Core offering

Guinea Alumina Corporation mined and exported bauxite ore from mining concessions in Guinea's Boké province, transporting extracted ore via a dedicated 127km railway to its deep-water port terminal at Kamsar for seaborne bulk export to alumina refineries and aluminium producers worldwide. As a wholly-owned subsidiary of Emirates Global Aluminium, GAC supplied bauxite feedstock for EGA's aluminium smelting operations and third-party alumina refineries. Note: GAC's mining activities in Guinea were terminated on 23 August 2025 following revocation of its mining licence by the Republic of Guinea.

Product overview

Guinea Alumina Corporation (GAC) is a wholly-owned subsidiary of Emirates Global Aluminium, operating as an integrated bauxite mining and export business. The company operates three core components: bauxite mining operations in the Boké province, a railway system transporting ore to the coast, and port facilities at Kamsar for export. The company has invested $1.4 billion in total development and generated $244 million in direct expenditures in Guinea in 2024. Note: The company's mining activities in Guinea were terminated on 23 August 2025 following expropriation by the Republic of Guinea.

Differentiator

Problem solved

Functional benefit

Products and services

  • Bauxite Mining Operations

Quantifiable outcome

  • 3,200 permanent jobs created
  • +2 more outcomes

Companies that use Guinea Alumina Corporation

Customer profile

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Guinea Alumina Corporation technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Guinea Alumina Corporation partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Emirates Global Aluminium (EGA)coreOthersEGA is the parent company and sole owner of Guinea Alumina Corporation. GAC is the wholly-owned bauxite mining subsidiary of EGA, the world's largest 'premium aluminium' producer. GAC operated as EGA's source of raw material feedstock for its aluminium smelting operations. Following the revocation of GAC's mining licence in August 2025, EGA condemned the Guinean government's actions and GAC announced it would exit Guinea after expropriation.

Scale indicators6 records

Recent moves7 records

Expansion highlights3 records

Guinea Alumina Corporation competitors and assessment

Company assessment

Direct peers

  • Compagnie des Bauxites de Guinée (CBG): CBG is the largest bauxite producer in Guinea, operating a joint venture between the Guinean government, Rio Tinto, and other partners. It is the most direct comparable to GAC as it mines and exports bauxite from the Boké region using a dedicated railway and port infrastructure.
  • Société Minière de Boké (SMB): SMB is a major Guinean bauxite producer operating in Boké province with integrated mining-rail-port infrastructure comparable to GAC's. It is one of the principal competitors operating in the same geography and value chain segment.
  • Alufer Mining: Alufer Mining developed and operated the Bel Air bauxite mine in Guinea, exporting through the Port of Buchanan in Liberia. As a peer bauxite producer in West Africa with similar export-oriented infrastructure, it is directly comparable to GAC's operating model.

Regional players

  • Nimba Mining Company: Nimba Mining is the Guinean state-owned entity to which GAC's mining lease and infrastructure were transferred following the August 2025 expropriation. It now operates the assets GAC previously owned and is the natural successor comparable in geography and scope.

Broad incumbents

  • Emirates Global Aluminium (EGA): EGA is the parent company of GAC and the world's largest 'premium aluminium' producer, with vertically integrated bauxite mining, alumina refining, and primary aluminium smelting. It is the primary captive customer of GAC and the entity bearing the $765M impairment charge.
  • Rio Tinto (Aluminium): Rio Tinto is a global integrated aluminium producer with major bauxite mining interests, including a stake in CBG in Guinea. It is comparable as a broad incumbent in the same bauxite-aluminium value chain that GAC served.
  • Alcoa Corporation: Alcoa is one of the world's largest bauxite miners and alumina refiners, with operations across the global bauxite belt. It is a broad incumbent comparable to EGA's bauxite-aluminium value chain in which GAC was embedded.
  • Norsk Hydro ASA: Norsk Hydro is a major integrated aluminium producer with bauxite mining, alumina refining, and smelting operations globally. It is comparable to GAC as part of the same vertically integrated bauxite-to-aluminium supply chain.
  • Hindalco Industries (Aditya Birla Group): Hindalco is a major Indian aluminium and copper producer with captive bauxite mines in India and overseas. It is comparable as a broad incumbent operating integrated bauxite-aluminium production similar in vertical structure to the EGA-GAC arrangement.
  • China Hongqiao Group: China Hongqiao is the world's largest primary aluminium producer, with significant captive bauxite sourcing interests in Guinea and Indonesia. It is a broad incumbent buyer and producer competing for Guinean bauxite resources that GAC historically supplied.

Market position

Strengths2 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Guinea Alumina Corporation social profiles

Digital presence

Guinea Alumina Corporation compliance and trust

Trust signal

Compliance1 record

Guinea Alumina Corporation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Guinea Alumina Corporation leadership team

Management profile

Number of profiles

Guinea Alumina Corporation funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Guinea Alumina Corporation M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Guinea Alumina Corporation

What does Guinea Alumina Corporation do?

Guinea Alumina Corporation mined and exported bauxite ore from mining concessions in Guinea's Boké province, transporting extracted ore via a dedicated 127km railway to its deep-water port terminal at Kamsar for seaborne bulk export to alumina refineries and aluminium producers worldwide. As a wholly-owned subsidiary of Emirates Global Aluminium, GAC supplied bauxite feedstock for EGA's aluminium smelting operations and third-party alumina refineries. Note: GAC's mining activities in Guinea were terminated on 23 August 2025 following revocation of its mining licence by the Republic of Guinea.

Is Guinea Alumina Corporation a public or private company?

Guinea Alumina Corporation is a private company. It is classified as corporate owned and is currently closed.

When was Guinea Alumina Corporation founded?

Guinea Alumina Corporation was founded in 2001. It employs 501 to 1,000 people.

Where is Guinea Alumina Corporation based?

Guinea Alumina Corporation is headquartered in Conakry, Guinea.

How does Guinea Alumina Corporation make money?

One revenue line is on record: bauxite Mining and Export.

Who are Guinea Alumina Corporation's main competitors?

Direct peers on record are Compagnie des Bauxites de Guinée (CBG), Société Minière de Boké (SMB) and Alufer Mining. Nimba Mining Company is listed as a regional player. Broad incumbents are Emirates Global Aluminium (EGA), Rio Tinto (Aluminium), Alcoa Corporation, Norsk Hydro ASA, Hindalco Industries (Aditya Birla Group) and China Hongqiao Group.

Does Guinea Alumina Corporation have an API?

No public API is recorded for Guinea Alumina Corporation.

What industry is Guinea Alumina Corporation in?

Guinea Alumina Corporation's product category is Bauxite Mining. Its primary akta.pro industry code is IMAKACAA, Bauxite Mining & Beneficiation. Its NAICS code is 21229 and its SIC code is 1000.

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Live signals
alcircle$150 billion, 12+ countries, one Gulf player: Inside the UAE's ports-to-bauxite web across AfricaThe UAE has invested nearly $150 billion in Africa, with trade exceeding $107 billion annually. Its state-linked firms hold bauxite and mining stakes, including a $1 billion investment in Guinea Alumina Corporation, which was revoked in July 2025. The UAE positions itself as a middle power building strategic independence.ISS AfricaWith terrorism on its doorstep, Guinea must tackle internal vulnerabilitiesGuinea faces increasing risks from terrorist threats spilling over from neighbouring Mali, particularly in its gold mining regions. The indictment of suspected Jama’at Nusrat al-Islam wal-Muslimin members highlights vulnerabilities that extend beyond mere external threats, exacerbated by local conflicts over mining resources. To address these challenges, Guinea needs a comprehensive national strategy that combines military operations with governance reforms.African BusinessGuinea demands local refining as raw gold exports bannedGuinea's President Mamady Doumbouya banned the export of raw gold at the end of June, coinciding with a new gold refinery in Conakry becoming operational at 250 tonnes per year capacity. The government has threatened to revoke licenses and terminate mining contracts for non-compliance, and has demonstrated enforcement capability, including taking over Guinea Alumina Corporation from Emirates Global Aluminium over unmet refinery commitments. While the policy aligns with a continent-wide trend of African nations demanding local commodity processing, companies with contractual "export freedoms" clauses may challenge the ban, and concerns remain about implementation challenges including electricity supply and artisanal miner smuggling.Global TimesGuinea bauxite export curbs seen lifting costs but not causing structural disruption to China's supply: expertsGuinea plans to curb bauxite exports starting in June to support prices, prompting a rally in Chinese aluminum stocks. Aluminum Corp of China rose 10.01% and alumina futures climbed 4.25%. Experts say China's 77% import dependence could raise costs but not cause structural disruption.The NationalEGA settles disputes with Guinea over bauxite mine projectEmirates Global Aluminium and its subsidiary Guinea Alumina Corporation settled disputes over Guinea's bauxite mine project, with Guinea paying a lump sum to GAC for asset transfer and renewed supply agreements. The deal follows Guinea's 2024 termination of the mining agreement, which cut EGA's 2025 net profit to $578 million from $715 million.Discovery AlertAluminium Industry Job Cuts: Causes & Impact AnalysisThe global aluminium manufacturing sector is experiencing widespread workforce reductions driven by technological disruption, volatile commodity markets, escalating energy costs, and geopolitical trade pressures. Specific major operational changes include Mozal's planned 2026 shutdown of its 560,000-tonne smelter in Mozambique affecting approximately 5,000 jobs, and Guinea Alumina Corporation's suspension of bauxite exports following termination of its mining agreement with the Republic of Guinea affecting over 2,000 employees. The Kwinana alumina refinery in Western Australia represents another structural closure example, reducing from 800 to zero employees, while Norwegian operations have cut 750 white-collar positions as part of comprehensive cost control measures.ZawyaGuinea, EGA in bauxite supply deal talks, sources sayGuinea's military-led government is in negotiations with Emirates Global Aluminium over a potential bauxite supply agreement that could resolve a dispute stemming from the revocation of EGA subsidiary Guinea Alumina Corporation's mining licence in July. Nimba Mining, the state-owned company that received GAC's assets, has exported 680,000 tons from stockpiles and plans to resume mining this month targeting 10 million tons of exports in 2026. A supply deal could potentially avert legal action EGA has threatened over the seizure of its $1 billion investment.ChroniclejournalGuinea's Alumina Ambition: A New Dawn for West African MiningGuinea, holding the world's largest bauxite reserves, is aggressively expanding domestic alumina refining, having revoked the mining license of Emirates Global Aluminium (EGA) and its subsidiary Guinea Alumina Corporation (GAC) in August 2025 for failing to build a committed 1 million tonne-per-year alumina refinery. Construction commenced in March 2025 on the SPIC-Boffa alumina refinery, a joint venture with China's State Power Investment Corporation (SPIC), which will be Guinea's largest refinery with 1.2 million tonnes annual capacity and an integrated 250-megawatt power plant, targeting commercial production by December 2028. This policy shift toward value addition, backed by government enforcement actions and ambitious targets of 5-6 refineries producing 7 million tonnes annually by 2030, signals a paradigm shift in West African resource management with potential to multiply Guinea's revenue by 300% compared to raw ore exports.openPR.comBauxite Industry sector FY Q2 2025 | M&A Activity & Global Expansion Till 2032 | Leading Companies - Rio Tinto, Alcoa Corporation, Guinea Alumina Corporation (GAC), Norsk Hydro, Australian Bauxite LimDataM Intelligence published a bauxite market report projecting growth from $14.8B in 2022 to $19.7B by 2030 at a 3.7% CAGR. Guinea holds 7 billion tons of reserves (24% global), and Rio Tinto approved a $180M expansion. The market is expected to grow at 3.7% annually from 2025 to 2032.BloombergGuinea Transfers Emirates Global Mining Rights to State CompanyGuinea transferred Emirates Global Mining's rights to a state company after terminating a basic agreement with its subsidiary Guinea Alumina Corp. in July. The junta had suspended bauxite exports since October for failing to build an alumina refinery.