Emirates Global Aluminium has dispatched a Guinean bauxite shipment following a renewed long-term supply agreement with Compagnie des Bauxites de Guinée. The 66,000-tonne cargo left the port of Kamsar aboard a Panamax vessel in late August, marking a renewed chapter in trade relations.
Under the renewed pact, Compagnie des Bauxites de Guinée will supply up to 4.9 million tonnes of bauxite annually to the United Arab Emirates through 2044, providing the essential feedstock required for alumina refineries.
Global Settlement Agreement Restores Supply From Kamsar
The renewed trade flow is the direct result of a diplomatic and legal settlement reached in May 2026. Emirates Global Aluminium, Guinea Alumina Corporation, and the Republic of Guinea—represented by the Minister of Mines and Geology and the Minister of Economy, Finance and Budget—resolved disputes stemming from the prior cessation of mining activities and the disruption of shipments.
The amicable resolution was achieved through formal conciliation conducted under the auspices of the Paris Bar Association President, Me. Louis Degos. Once necessary conditions precedent were satisfied, the agreement officially closed in late August.
Emirates Global Aluminium Secures Long-Term Feedstock Portfolio
For Emirates Global Aluminium—recognized as the largest industrial company in the United Arab Emirates outside the oil and gas sector—bauxite is the foundational raw material converted into alumina at facilities such as the Al Taweelah refinery.
The return of Guinean ore reinforces a supply chain that faced significant structural shocks over the preceding two years. Beyond the administrative disputes that previously halted operations at Guinea Alumina Corporation, the company’s refining infrastructure in Abu Dhabi experienced an emergency shutdown following an Iranian drone attack on Abu Dhabi’s Khalifa Economic Zone that damaged the Al Taweelah site on 28 March 2026. While alumina production at Al Taweelah resumed in July 2026, restoring full pre-incident furnace output remains a gradual process anticipated to take up to a year.
Financial Rebuilding Following Asset Interruption
Financial disclosures covering 2025 illustrate the cost of those disruptions: although core earnings rose to $2.53 billion on record sales and elevated realized metal prices, net profit fell from $715 million in 2024 down to $578 million.
Under the terms of the settlement, Guinea agreed to pay a lump sum—estimated by industry observers near $300 million, though the exact figure remains undisclosed—to compensate for transferred assets. Rather than retaining direct ownership of its former mining concession, Emirates Global Aluminium resumes its role as a major commercial buyer under the long-term supply pact extending nearly two decades into the future.
