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.

The loan represents the first time multilateral institutions and international commercial banks have participated together in a project financing for a greenfield mining project in Guinea.  

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