Guinea and Emirates Global Aluminium (EGA) are close to reaching a deal to resolve a high-stakes asset dispute that had threatened to escalate into international arbitration, according to sources cited by Reuters.
The agreement, still being finalised, is expected to avert legal proceedings linked to Guinea’s 2025 seizure of EGA’s local subsidiary, Guinea Alumina Corporation, which followed a prolonged disagreement over plans to build an alumina refinery.
As part of the proposed resolution, discussions have centred on bauxite offtake arrangements and upfront payments on future shipments, which could help compensate EGA while allowing Guinea to retain control of the assets.
The dispute reflects a broader trend of resource nationalism in West Africa, where governments are seeking greater control and value from mineral assets. Analysts say a successful agreement would ease investor concerns and stabilise supply chains in one of the world’s most critical bauxite-producing regions.
