GAC provides compensation revenue management training to local communities

From 22 to 25 May 2017, 190 people from the populations directly affected by the mining and port activities of the Guinea Alumina Corporation (GAC) benefited from training in compensation revenue management.

  • Home
  • Media Releases
  • GAC provides compensation revenue management training to local communities

GAC provides compensation revenue management training to local communities

From 22 to 25 May 2017, 190 people from the populations directly affected by the mining and port activities of the Guinea Alumina Corporation (GAC) benefited from training in compensation revenue management.
This training, which was held in Kamsar and Tanènè, was initiated with a goal to improve the standard of living of the populations through the Company’s capacity-building program, which allows them to better understand the importance of the payment of compensations by maturity, as recommended by the International Financial Corporation but also to be able to equip beneficiaries with an effective means to better manage revenues. And also to provide them with an understanding of the notion of savings and to be able to develop income-generating activities through the creation of small and medium-sized enterprises.
In collaboration with Crédit Rural de Guinée, the managers in charge of the resettlement and compensation action plan could realize this other important stage of compensation, which will support GAC in its communications related to the full payment of replacement prices from the evaluation of plantations and other annual crop fields.
Through this initiative, GAC reiterates, once again, its commitment to supporting the development of local communities.

You may also be interested in

GAC opens a second bridge at Kamsar

Guinea Alumina Corporation, GAC, a major player in the mining sector of Guinea, announced the inauguration of the second bridge (Bridge 5) necessary for the realization of its project.

Read more

GAC renews its contribution to local development through the FODEL with a new payment of GNF 15.9 billion in 2024

GAC announces that it has made a contribution of 15.9 billion Guinean francs (GNF) to the Local Economic Development Fund (FODEL) for the year 2024, under the provisions of the Guinean Mining Code.

Read more

Guinea Alumina Corporation S.A (GAC) conducts practical training for students of the GEO-mining institute of Boke

Guinea Alumina Corporation SA (GAC) received the students of the 4th promotion of the Department of Environment and Industrial Security (ESI) of the Geo-Mining Institute of Boké for a working visit to its mining concession from 27 to 28 March 2017.

Read more