EGA’s GAC secures $750 million loan, Guinea’s largest greenfield mining project financing ever and a step forward for country’s economy – United Arab Emirates

United Arab Emirates: Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, today announced that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) has successfully closed the Republic of Guinea’s largest-ever project financing for a greenfield mining project, in a step forward for EGA’s bauxite mining project and for Guinea’s economy.

The $750 million loan has a tenor of 12 to 14 years and was extended by development finance institutions, export credit agencies and international commercial banks.