In less than three months, Nimba Mining Company has proven that Guinea can regain control of its mining destiny. Created on August 5, 2025 following the takeover of the assets of Guinea Alumina Corporation, the first 100% national mining, processing and upgrading company will carry out, in October, its first load of high-quality bauxite from the Kamsar facilities.
This achievement marks much more than an operational success: it embodies the realization of the vision of the Head of State H.E. Mamadi Doumbouya of a strong and sovereign Guinean mining industry.
A national company that embodies the new method of governance of mineral resources in Guinea : sovereign in ownership, demanding in management and driven by a culture of performance and results.
- Concrete proof of national competence : in record time, Nimba Mining Company has demonstrated that Guinea has the necessary capacity to revive, manage and export its own natural resources.
- A fully-fledged mining operational player : Nimba Mining Company is putting Guinea on a path to become a global leader in bauxite mining and processing, serving sustainable growth that benefits the entire country.
- A balanced operating model : where the previous operator relied almost exclusively on subcontracting, Nimba Mining Company is building a model with an ambition to balance internal resources and subcontracting partners.
- A concrete example illustrates this transition : The Kamsar port facilities, powered by ten 2000 kVA Perkins diesel generators, were historically operated and maintained by an international company based in Dubai. After analysis, NMC chose to take over these operations in-house, generating $1.5 million in savings per year and rehiring 18 Guinean technicians and their supervisor.
- A driving force for the development of the country in the making : bauxite represents nearly 15% of Guinea's GDP, a significant share but insufficient in view of the wealth generated by the ore and the country's position among the largest bauxite producers in the world. NMC's activity will increase national revenues from bauxite exports and transform this strategic resource into a concrete lever for national economic development.
The creation of Nimba Mining Company is part of a momentum of strong and coordinated political decisions, aimed at strengthening the sovereignty, transparency and added value of the Guinean mining sector. These decisions are levers for success in the execution of our roadmap:
- The Guinean Maritime Transport Company (Guitram), created to fully exploit the state's right to transport up to half of the exported bauxite, in accordance with the mining code. With its own fleet, Guitram will enable Guinea to secure this strategic activity and increase its revenues, estimated at between $15 and $25 per tonne of bauxite transported.
- The GBX index, or "Guinea Bauxite Index", which introduces a reference price for bauxite trading, allowing for better control and standardization of the product on the international market. This tool will contribute to transaction transparency and revenue optimization for Guinea, especially in key markets such as China.
Nimba Mining Company has set an ambitious but realistic trajectory for the ramp-up of its operations: 1.5 million tonnes by 2025, 10 million tonnes by 2026 and 14 million tonnes by 2027, reaching the full capacity of the Tinguilinta mine and the port of Kamsar.
By 2026, NMC plans to have 500 direct employees and 2,000 subcontractors, of which only 10% are expatriates, a major turning point for the development of national human capital.
These ambitious objectives require a rapid and controlled ramp-up. In less than three months, we have achieved what many considered an impossible feat: validating the operational restart of the mine thanks to our main assets, an experienced team, familiar with the deposit, and a favorable political environment. These are the same conditions that will allow us to achieve our objectives.
Nimba Mining Company has already initiated the first contacts with international engineering companies to relaunch feasibility studies for a 1.2 million ton alumina plant located in the Prefecture of Boké and plans to create a department in charge of this strategic project.
NMC has a long-term vision: to become a key player in the Guinean mining sector, capable of creating value beyond extraction by structuring complete industrial ecosystems. This ambition will be based on four strategic divisions around which NMC intends to build leading industrial partnerships: bauxite, gold, refining and associated mining services.