MINING AFRICA Alumina in 2013 , Mubadala and DUBAL of the United Arab Emirates acquired the remaining shares in the project in May 2013 . They then transferred the ownership of GAC to the newly formed Emirates Global Aluminium ( EGA ).
“ It was a very good thing for the country , because it ’ s the first-time the UAE has invested significantly ,” Beavogui says . “ Guinea is a major resource holder , and the UAE is an inspiring example of what countries with natural resources can do in development .”
EGA , which operates two aluminium smelters in the UAE , has consistently stated its strategic intent to secure raw materials through upstream
193
THE NUMBER OF DIRECT EMPLOYEES
WORKING AT GAC
www . ega . ae 59