Akin Gump Advises Guinea Alumina Corporation in $1.6 Billion Greenfield Mining Project
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(Dubai, United Arab Emirates) – Akin Gump represented Guinea Alumina Corporation (GAC), a wholly owned subsidiary of Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside of the oil and gas sector, in connection with the Republic of Guinea’s largest-ever project financing for a greenfield mining project. The $1.6 billion deal represents a step forward for EGA’s bauxite mining project and for Guinea’s economy.
The $750 million loan on which Akin Gump advised 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.
Mac Fadlallah, international trade partner and partner in charge of Akin Gump’s Dubai office, led the team advising EGA. He was joined by international trade associates Johann Strauss, Tristan Denour and Andrew Schlossberg and counsel Kimberly Myers.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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