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GUINEA

Battle begins for top mining ministry job

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“Transition in Guinea: what's next after the coup?”

GUINEA

Transition in Guinea: what's next after the coup?

The coup that ousted Alpha Condé on 5 September 2021 in Guinea has ushered in a period of instability, despite the putschists' reassuring words from the start. There is much at stake over the coming months as leaders jostle for power and political alliances take shape, and pressing questions over the mining industry and international partnerships come to the fore. [...]

The post of mines and geology minister, which involves overseeing Guinea's biggest economic sector, is highly coveted. With efforts currently under way to form a first post-coup government, it is attracting a lot of applicants. [...] (808 words)

Issue dated 28/09/2021 Reading time 4 minutes

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Receive free prompts for these topics

GUINEA
Abdoulaye Magassouba
Ahmed Kanté
Alpha Condé
Beny Steinmetz Group Resources
Centre for Mining Promotion and Development
Guinea Alumina Corp
Ibrahima Kassory Fofana
Lansana Conte
Malick N'diaye
Mamadou Doumbouya
Mamady Fofana
Mohamed Conde
Mohamed Diané
Mohamed Lamine Sy Savané
Moussa Dadis Camara
National Rally and Development Committee
Rusal
Saadou Nimaga
Soguipami
Soriba Cissé
Vale
Winning Consortium Simandou

Alpha Condé's RPG succession to be decided in crucial closed-door meeting

Having appointed Ibrahima Kassory Fofana as interim president of the RPG on 7 March, the party leadership is due to meet again on 10 March as several party officials are challenging the appointment of the former prime minister. [...]

Guinea's former prime minister Ibrahima Kassory Fofana. © Li Yan/Xinhua News Agency/Newscom/MaxPPP

GUINEA 28/01/2022

Doumbouya seeks slice of gold exports to replenish its coffers

Equipped with a brand new digital platform for processing foreign trade operations, the Guinean state intends to finally implement a rule that has been in place for several years requiring revenue from exports, especially gold, to be repatriated. [...]

GUINEA 12/11/2021

Junta leader Doumbouya forms government but retains tight control of mining sector

Having arrived in power after staging a coup against Alpha Condé, Mamady Doumbouya has now put the finishing touches to his government. But the mining portfolio, the most important in the country, has been divested of some its key prerogatives, ensuring that the junta leader remains in firm control of the engine room of the Guinean economy. [...]

Junta leader Mamady Doumbouya. © Xinhua News Agency/Newscom/MaxPPP

GUINEA 08/11/2021

Gaby Peretz in Conakry

A Bombardier Global 5000 aircraft registered VP-CSB and operated by a Cayman Islands company was stationed in Conakry from 1 November at 6pm until around the same time on 4 November. Several Israeli businessmen were reportedly on the trip. [...]

GUINEA 25/10/2021

Niron Metals still facing murky future on Beny Steinmetz's former Zogota iron ore project

On top of a state coup, the departure of its majority shareholder Sir Mick Davis and intrinsic logistical issues on its Zogota iron ore project, Niron Metals is facing yet another major hurdle: its rights to the site only covered a feasibility assessment which even that, it is struggling to finish. [...]

LIBERIA GUINEA 12/10/2021

Rattled Nimba iron project shareholders launch charm offensive in Liberia

Robert Friedland's group, which operates the Nimba iron ore project in Guinea, has launched a website extolling its activities in Liberia to show the country that it can boost its economy. It is rattled by a new agreement between ArcelorMittal and Monrovia. [...]

The Canadian mining magnate Robert Friedland, who is also the chief executive of Ivanhoe Mines. © Rodrigo Garrido/Reuters

GUINEA 07/10/2021

Monaco Resources and its co-shareholder back in court

On 8 October, a hearing over a contested increase in capital by Société des bauxites de Guinée, majority-owned by Monaco Resources, will take place. [...]

GUINEA 04/10/2021

UMS call on TechnipFMC for steelworks and oil refinery

The Guinean mining logistics firm United Mining Supply has solicited TechnipFMC to conduct a feasibility study for two new projects. [...]

Fadi Wazni (right), CEO of UMS, signed an agreement in February with Diakaria Koulibaly, the then Minister of Hydrocarbons, to carry out a study on the construction of an oil refinery in Moribayah. © Diakaria Koulibaly/Facebook

GUINEA LIBERIA 27/09/2021

Post-coup, new ArcelorMittal-Monrovia deal problematic for iron explorers

On 10 September, the Liberian government signed an agreement with ArcelorMittal to expand the Yekepa iron mine, creating unrest among Guinean miners, who need the Liberian railway to develop their own iron projects. [...]

GUINEA 16/09/2021

Will junta respond to IMF concerns over fiscal transparency in mining sector?

Prior to the coup that toppled Alpha Condé, the government had been actively engaged in responding to the IMF, which had expressed reservations over the reliability of the tax declarations of mining companies active in Guinea, and of Chinese operators in particular. [...]

Spotlight

GUINEA 07/09/2021

Unpanicked by coup, mining groups start planning for transition

The ousting of President Alpha Condé by Col Mamady Doumbouya has not, as yet, affected the country's mining operations. In company headquarters, mining executives are waiting for the junta's next moves and making plans to manage the transition. [...]

The Minister of Mines Abdoulaye Magassouba (left) and his secretary-general, Saadou Nimaga. © Ministry of Mines and Geology of Guinea

Inner circles

GUINEA 07/05/2021

Magassouba and Nimaga, the dynamic duo running the mining ministry

Abdoulaye Magassouba has been reappointed as Minister of Mines and Geology in Alpha Condé's first third-term government. His dominant position as head of the sector which brings in the most revenues for the state often comes under challenge, however, from the ministry's all-powerful secretary general, Saadou Nimaga. [...]

Receive free prompts for these topics

GUINEA
Abdoulaye Magassouba
Ahmed Kanté
Alpha Condé
Beny Steinmetz Group Resources
Centre for Mining Promotion and Development
Guinea Alumina Corp
Ibrahima Kassory Fofana
Lansana Conte
Malick N'diaye
Mamadou Doumbouya
Mamady Fofana
Mohamed Conde
Mohamed Diané
Mohamed Lamine Sy Savané
Moussa Dadis Camara
National Rally and Development Committee
Rusal
Saadou Nimaga
Soguipami
Soriba Cissé
Vale
Winning Consortium Simandou

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Battle begins for top mining ministry job