GAC is first mining company to join Guinea’s Bourse de Sous-Traitance et de Partenariats

Conakry, Thursday, June 6, 2019 ---- Guinea Alumina Corporation SA (GAC), one of Guinea’s mining industry leaders, and the Bourse de Sous-Traitance et de Partenariats (BSTP) are proud to announce that GAC has joined the BSTP, a platform promoting local content in Guinea. GAC is the first mining company to join this reference platform as a buyer.

The BSTP is a platform that brings together Guinean companies seeking new markets and large businesses operating in Guinea. Conversely, the BSTP lists competent local suppliers capable of providing quality goods and services to large businesses listed as buyers, therefore facilitating their access to mining companies’ calls for tenders. “GAC is pleased to join this platform and contribute to the promotion of local content and the development of a dynamic Guinean private sector. Once a local company meets project specification standards and requirements, it is immediately given priority over foreign suppliers. This platform will help establish ties with local suppliers, allowing them to generate more exposure and gain recognition,” says Malick N’Diaye, Deputy CEO of GAC.

For his part, Ibrahima Abe Diallo, BSTP Managing Director, says “The Bourse de Sous-Traitance et de Partenariats welcomes GAC’s commitment to contributing to the development of Guinean small businesses. GAC’s involvement provides local suppliers listed on the BSTP with the opportunity to consult the calls for tenders issued by GAC and to bid in real time. We invite other companies to join the BSTP and help improve the competitiveness of local small businesses and increase their impact on the national economy.”

Ahmed Keita, Chief of Staff, Ministry of Mines and Geology, says “This signature is an important step in the history of the Bourse de Sous-Traitance et de Partenariats, marking the beginning of the implementation of the policy on promoting local content in the mining sector. The vision of Professor Alpha Condé, President of the Republic of Guinea, is not only to make local content a reality but also to maximize the socioeconomic benefits of investments in order to diversify our economy and improve Guineans’ standard of living.”

About the BSTP

The BSTP is a non-profit association created by the Government of the Republic of Guinea, with the technical and financial assistance of the International Finance Corporation (IFC), a subsidiary of the World Bank, and the private sector. Its board of directors has members representing the private sector, socioprofessional associations, technical and financial partners and the government.

BSTP’s mission is to:

• Provide local companies and large businesses or multinationals with information on calls for tenders, as well as products and services available on the market
• Bring investors, development partners and other players in the economic system together with local companies and small businesses
• Strengthen the skills of local small businesses by organizing and leading upgrading sessions
• Facilitate local small businesses’ access to bank loans and funding programs offered by support organizations
• Contribute to the transfer of skills, know-how and technology, as well as other initiatives aimed at improving the competitiveness of national companies

About GAC

Guinea Alumina Corporation SA (GAC) is a wholly-owned subsidiary of Emirates Global Aluminium (EGA), one of the world’s largest aluminum producers. EGA is equally owned by Mubadala Investment Company (MIC) of Abu Dhabi and Investment Corporation of Dubai (ICD). It operates aluminum smelters in Dubai and Abu Dhabi and produced 2.6 million tonnes of aluminum in 2017. As a result of EGA’s production, the United Arab Emirates is the fifth largest aluminum producing nation in the world.