Ashapura, TBEA and Eurasian jostle Chalco over BHP's bauxite
The new round of talks held in Paris in March between the Guinean government and Chinese public firm Aluminium Corp of China (Chalco) to finalise the sale of the Boffa bauxite mines ended within an impasse, not to everyone's displeasure. [...]
Is the Banque de developpement de Guinee Malaysia's Trojan horse?
The Banque de Developpement de Guinee (BDG), 75% owned by Asian funds and directed by Malaysians, is racking up precious metals projects in Guinea. The bank's directors also have their own companies in the sector, operating under the protection of [. [...]
Chinalco could become owner of Beny Steinmetz’s former blocks on Simandou
While police investigators and courts in far-flung countries continue to examine how Beny Steinmetz Group Resources (BSGR) headed by Franco-Israeli tycoon Beny Steinmetz ended up by owning blocks 1 and 2 of Simandou iron ore project in Guinea the situation [. [...]
Question mark on whether Chinalco can revive Simandou iron project
After fighting tooth and nail with Rio Tinto to force it to revive the Simandou iron ore project, Guinea’s government is preparing for a new tug-of-war with China’s state-owned Chinalco (China Aluminium Co) that picked up the major’s stake in [. [...]