GAC Contributes up to GNF 20.1 billion to FODEL in 2023

Guinea Alumina Corporation S.A. (GAC) announced today that it has paid 20.1 billion Guinean francs to the Boké Local Economic Development Fund (FODEL) for the year 2023.

GAC Contributes up to GNF 20.1 billion to FODEL in 2023

Kamsar, 30 April 2024 --- Guinea Alumina Corporation S.A. (GAC) announced today that it has paid 20.1 billion Guinean francs to the Boké Local Economic Development Fund (FODEL) for the year 2023. FODEL is a development fund financed by the Local Development Contribution of each mining operation permit holder.

This payment underscores GAC’s unwavering dedication to the welfare of local communities and the sustainable development of the Boké region. We are fully committed to enhancing our partnerships with all stakeholders to drive inclusive and beneficial economic and social progress in the region. Our vision is to foster a sense of community synergy, where each initiative brings us closer to a prosperous and sustainable future.

In addition to our financial contribution, our dedication to supporting local communities has been unwavering since the inception of our operations. We are committed to fostering sustainable economic growth in the communities surrounding us, making them the focal point of all local development initiatives. Within this context, we have implemented capacity-building programs in key sectors such as agriculture and fishing. These initiatives have empowered the youth and women to establish income-generating ventures, resulting in significant benefits for families in the present day. Furthermore, education and healthcare are priority areas in which we actively participate through our corporate social responsibility department.

You may also be interested in

Aissata Béavogui, recipient of the 2020 MIGA Gender CEO Award

Guinea Alumina Corporation S.A. (GAC) is proud to announce that Aissata Béavogui, Director General of the company, is the recipient of the prestigious 2020 MIGA Gender CEO Award from the Multilateral Investment Guarantee Agency (MIGA)...

Read more

GAC builds Kamsar bridge

Guinea Alumina Corporation (GAC SA), a major player in the mining sectorin the Republic of Guinea, has announced the inauguration of Bridge 4,which is necessary for work to progress on its platform in Kamsar.

Read more

Milestone for GAC as massive rail car dumper arrives at Kamsar

Rail car dumper shipped in 142 pieces and will now be assembled at GACs Kamsar site Guinea Alumina Corporation (GAC), a major player in the mining sector in Guinea, today announced a milestone in the construction of its bauxite mining project as a...

Read more