Guinea Moves to Revoke Mining Licence of Emirates Global Aluminium

The government of Guinea is taking steps to withdraw Emirates Global Aluminium's mining licence. The move follows an ongoing dispute over customs duties that began in October last year, resulting in the suspension of bauxite exports and mining operations.

The government of Guinea has launched proceedings to revoke Emirates Global Aluminium's mining licence, according to knowledgeable sources speaking to Reuters. This significant development involves one of the world's largest bauxite mines operated by Emirates Global Aluminium's subsidiary, Guinea Alumina Corporation (GAC).

The conflict between Emirates Global Aluminium and the Guinean government began in October of the previous year. Authorities suspended the company's bauxite exports and mining operations, citing concerns related to customs duties. This ongoing dispute has now escalated to the point of potential licence withdrawal.

A senior government official, who wished to remain anonymous due to lack of authorization to speak publicly, confirmed the commencement of the cancellation process. A formal notification has already been sent, setting the stage for further tensions between the multinational mining company and the West African nation.

(With inputs from agencies.)