UAE Miner Axis Seeks $28.9 Billion in Guinea Bauxite Dispute

Crushed bauxite at a treatment plant in Kamsar, Guinea.Photographer: Waldo Swiegers

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December 29, 2025 at 9:48 AM UTC

A United Arab Emirates-based company that says it is Guinea’s second-largest bauxite producer filed a $28.9 billion claim against the West African nation for revoking its mining rights.

Axis International Ltd. has submitted its arbitration claim to the International Centre for the Settlement of Investment Disputes, an arm of the World Bank. Axis said Guinea has ignored several attempts to settle the dispute.