Guinean mining company director rewarded by World Bank
Conakry, Guinea (PANA) - Guinean Aïssatou Béavogui, managing director of Guinea Alumina Corporation (GAC) S.A, has been declared winner of the prestigious “MIGA Gender CEO Awards 2020” of the multilateral agency for investment guarantee (MIGA), member of the World Bank (WB), a statement issued here Friday and sent to PANA said.
The president of GAC, based in Kamsar, northwest of the country, 240 km from Conakry, will receive her price on 5 March in Washington within the framework of an official ceremony at the social headquarter of the World Bank.
The communiqué said Beavogui was appointed this year because of her personal commitment and leadership in the implementation of positive actions for communities living near the GAC mining concession.
Appointed to the position in 2016, Beavogui has also been carrying out since September the supervision of all policies established by the GAC in a bid to respect the sustainable development principles (social, environmental and economic).
She led several projects contributing to the “significant” improvement of the living conditions of the persons affected by the GAC mining activities.
She headed the implementation of the social programmes generating positive impacts within communities through schools and health centers, the improvement of animal and agricultural productivity, and the training of youths and adults.
Full subsidiary of Emirates Global Aluminium (EGA), established in the United Arab Emirates, the GAC is a mining company which extracts metallurgic bauxite.
After its extraction, the ore is carried by rail to the company’s port installations, located in Kamsar, on the Atlantic coast of the country before its export by sea to the international market.
The GAC, which employs 1,000 staffs, is considering producing soon about 12 million tones of bauxite per year. Its present mining plan sets exploitation until 2040.
Launched in 2016, the MIGA Gender CEO Awards prize rewards every year the agency’s senior executive and customers who participate actively in the promotion of gender equality, the reduction and stimulation of shared prosperity.
The MIGA executive vice-president, Japanese Hiroshi Matano, said his institution appreciated its partnership with GAC, adding that the fact of insisting on the job of the company in Guinea would inspire new investments in the country, which investments are essential to obtain positive results in terms of development.
MIGA is a member of the World Bank group. Its mandate is to promote cross-border investments in developing countries by giving guarantees (insurance against political risk and increase in credit) to investors and loaners.
Within the framework of the loan agreement of 750 million dollars obtained in May 2019 by GAC, MIGA extended the insurance cover against political risks for commercial banks participating in the lean.
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