Emirates Global Aluminium Unit to Exit Guinea After Mine Seized

Emirates Global Aluminium said its bauxite mining operations in Guinea will be brought to an end after its mine was expropriated by the government.

Its Guinea Alumina Corp. unit is completing the termination of employees and contracts with all its on-site service providers, EGA said in a statement, following what it called a series of unlawful measures to take over its activities and assets in the country. It will no longer have any presence or control of the sites as of the close of business on Friday, it said.