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.