About GT-West Africa
GT-West Africa specializes in the transportation of natural resources, with a particular focus on the bauxite industry. We operate mainly in West Africa.
We are legally established in Dubai (United Arab Emirates) and Conakry (Guinea), with a sales, marketing and legal presence in France.
We have expertise in the purchase, management, maintenance and operation of mining equipment. Our skills cover equipment acquisition, transportation to mining sites and on-site management.
Bauxite is a strategic raw material, particularly for the production of aluminum, which is in great demand in various sectors (automotive, construction, food packaging, etc.). The sector's stable outlook makes it a solid choice for investors.
GT-West Africa has direct contracts with the main mining players in Guinea, as well as with state players for infrastructure projects where the need for machinery is essential.
Mining companies outsource certain equipment requirements for several key reasons. On the one hand, the intensity of work requires constant renewal of the fleet, with a continuous need for new, high-performance machinery. On the other hand, the volume of bauxite to be transported in Guinea is considerable, exceeding 7 billion tonnes, which calls for enhanced logistical capacity. Finally, local economic development policies are encouraging mining companies to partner with Guinean firms such as GT-West Africa, which offer local expertise and management adapted to the industry's requirements (see : Law L/2022/0010/CNT Portant Local Content of the Republic of Guinea)
Before signing a mining transport contract, GT-West Africa carries out an in-depth evaluation of each potential partner. This process includes a full audit of the company, as well as a field visit lasting several days, enabling a detailed analysis of operations and infrastructure. The aim is to precisely identify each partner's strengths and areas for improvement, ensuring a transparent collaboration based on trust.
Invest in GT-West Africa
- Selection of a machine adapted to the needs of local partners;
- Opening of a fundraising campaign to offer this machine to investors (future co-owners);
- Once the machine has been fully financed: order, inspection, shipment to the country of operation and administrative formalities;
- Insertion of the machine into one of our active contracts in the country of operation;
- Quarterly rent payments to co-owners
GT-West Africa acts as an intermediary, managing the acquisition of the machine and its transport. Once the machine is in operation, GT-West Africa becomes the lessee-manager: we pay a quarterly rent to the co-owners, guaranteeing a regular income for the investors, and we manage and operate the machine on the mining sites.
The payback period depends on the type of machine on which the investment is made (excavator, dump truck, trailer truck, loader, etc.). The average payback period is 20 months from the date on which the equipment starts operating on the mine site.
You can discover the potential return on your investment by using our online simulator.
If the total amount required to purchase the vehicle is not reached within 3 months from the date of launch of the kitty, GT-West Africa will reimburse the Participant in full for the amount paid, without charge or penalty, unless the Participant explicitly agrees to transfer his or her participation to another current or future kitty. In this case, an amendment to the present pre-contract will be signed.
Every 3 months, GT-West Africa pays rent to the vehicle's co-owners. This rent is defined in the management lease contract.
Investors are co-owners of the machine, in proportion to the amount invested. GT-West Africa is the lessee-manager of the machine, and pays quarterly rent to the co-owners.
GT-West Africa is remunerated by the companies that use its mining transport services.
Yes, depending on your country of residence, you are required to declare your foreign income to the tax authorities.
Risks associated with machine operation
Operating a mining machine involves risks, particularly in terms of wear and tear, breakdowns and operational hazards. GT-West Africa ensures regular maintenance of the equipment to minimize these risks and maintain its performance. In the event of force majeure (natural disasters, strikes, etc.), the contract provides for a temporary suspension of rental payments.
Depending on the type of machine, the average lifespan is set at between 5 and 8 years, with full productivity in the first few years, followed by a gradual decline in subsequent years as wear and tear takes its toll.
Yes, GT-West Africa is insured for property damage and liability.
GT-West Africa undertakes to return the vehicle in a condition compatible with its intended use, taking into account normal wear and tear associated with its operation.
In the event of a serious accident resulting in the inability to use the machine, the insurance company will open an investigation and assess the amount of compensation. Once this amount has been determined, it will be redistributed to the co-owners in proportion to their investment.
At the end of the contract, GT-West Africa carries out a general inspection of the machine to decide on its future. In agreement with the co-owners and depending on its general condition, GT-West Africa will choose between two options:
- If the machine's condition allows it to continue operating, it remains in service.
- If the condition of the machine no longer allows it to be used in a mining environment, it is sold. The proceeds of the sale are then divided between the co-owners, in proportion to their share of ownership.
Legal
The process involves four contractual stages: a pre-contract for financing, a confidentiality agreement, a co-ownership contract, and finally a lease-management contract. Each document covers a specific aspect of the investment, ensuring a clear legal structure.
If you have any questions on this subject, please contact our Legal Manager: [email protected].
To guarantee anonymity, each co-owner receives a unique participant code (CPU). This code protects investors' identity from other investors, ensuring their confidentiality throughout the process.
Each co-owner may sell his shares with the agreement of the other co-owners. The value of the shares at the time of transfer will be communicated by GT-West Africa to the transferring co-owner, taking into account the depreciation of the machine.
Rent payments
Rents are paid quarterly by GT-West Africa, which acts as managing lessee. Each co-owner receives an amount proportional to his or her share of ownership in the machine.
Our expertise enables us to reliably estimate the income generated by the operation of the machine. As a result, the amount of rent corresponds to what we are able to guarantee investors on a stable quarterly basis.
However, in the event of significant variations in the activity and operating performance of the equipment, the rental amount may be revised periodically.
In the event of force majeure or exceptional circumstances (prolonged bad weather, natural disasters, problems linked to the political or economic stability of the country of operation, wars, strikes, etc.), payment of rent may be temporarily suspended. As soon as operating conditions return to normal, payments resume as usual.