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Guinea
Conakry counting on Monaco Resources to bump up bauxite exports

The state company responsible for marketing Guinea's national mining output, Soguipami, is hoping a local subsidiary of the omnipresent Monaco Resources will help increase its sales, though the Monegasque firm has had trouble getting its projects off the ground in the country. [...]

Published on 05.05.2020 at 05:00 GMT Reading time 2 minutes

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Mining

Set up email notifications for these topics

Alucam
Alufer
Ashapura Minechem
Chalco
Compagnie des Bauxites de Guinee
Francis Perani
Ghantoot Group
MCI
Monaco Resources
Pechiney
R-Logitech
Rio Tinto
Société de gestion fluviale
Societe des Bauxites de Guinee
Soguipami

Guinea
Tax authorities order mining companies to pay their dues quickly

Tax authority director general Mory Camara and his staff have sent out a number of letters to the mining companies in recent weeks, ordering them to pay their dues quickly.

Subscriber Mining 16.11.2022

Guinea
Monaco Resources runs into conflict with its Garafiri bauxite partners

Monaco Resources is facing protests over its management of the Garafiri bauxite project. It has been threatened with legal action over payments arrears by the company building the infrastructure needed for the project, while its fellow shareholder is contesting an increase in the capital of their joint project company which he says has diluted his stake in the company.

Subscriber Infrastructure Mining 04.03.2021

In Focus | Guinea
Conakry seeks to make Monaco Resources go-to firm for bauxite trade

The Guinean government, pushing pooling in the mining sector to the extreme, is seeking to impose Monaco Resources as the go-to firm for marketing bauxite produced by firms less experienced in trading. The move comes as mining companies are experimenting with sharing capacity or infrastructure, an often fraught process.

Subscriber Mining 25.01.2021

Loading of bauxite from CBG's Sangaredi mine.

Guinea
Forecariah forges ahead of Simandou and Nimba as Guinean iron ore hub

With 175,000 tonnes of iron ore already being produced monthly by India's Ashapura group and a new Chinese company preparing to start prospecting, the Forecariah area is currently Guinea's leading iron ore production zone.

Subscriber Mining 13.10.2020

Guinea
Soguipami plans to sell state share of Chalco and Henan Chine's bauxite production

State-owned Guinean mining company Soguipami is negotiating terms to enable it to take direct charge of the marketing of the Guinean state's share of the bauxite produced by China's Chalco and Henan Chine groups..

Subscriber Mining 08.09.2020

West Africa
Monaco Resources converts auditor into CFO to boost finance repute

Monaco Resources has asked one of its auditors from Baker Tilly to become its first ever group CFO.

Subscriber Business 04.09.2020

France, Guinea, West Africa
Previously convicted for aluminium foundry mismanagement, Monaco Resources co-founder now has eye on Alteo refinery

Among the potential buyers for the Alteo alumina refinery in Marseilles, currently in administration, is Monaco Resources, whose founder Axel Fischer was previously convicted in Germany for mismanagement of an aluminium factory.

Subscriber Mining Business 20.08.2020

Gabon
Monaco Resources puts up fight for cargo-handling dividends

The pan-African holding company Monaco Resources is battling to get hold of the profitable Libreville airport baggage and cargo-handling revenue.

Subscriber Finance Business 12.02.2020

In Focus | Document | Africa
Monaco Resources struggles to hide its secrets

In less than 10 years, Monaco Resources has become a major player in African commodities. Until now, it has been quite secretive about its shareholders and the backgrounds of its executives, but is finding it increasingly hard to maintain this stance as it grows in size and is forced to jostle for position on highly competitive markets.

Subscriber Finance Business 21.01.2020

Guinea
Monaco Resources takes charge of bauxite business on Fatala River

A subsidiary of the Monegasque group has signed a deal with Conakry to control all barges carrying bauxite on the river.

Free Infrastructure Mining 29.10.2019

In Focus | Africa
Monaco Resources, the principality's mysterious African trading company

In less than 10 years, an enigmatic Monaco company, Monaco Resources, has established itself in all sectors of the African economy - from mines and agri-business to port logistics and trading. Its rapid but uncharted success has been financed by borrowing on European bond markets.

Subscriber Finance Business 07.10.2019

On our other sites

Schillings to the rescue of Monaco Resources

The reputation protection firm Schillings, whose team of lawyers and [...]

Subscriber Intelligence Online 29.01.2020

Set up email notifications for these topics

Alucam
Alufer
Ashapura Minechem
Chalco
Compagnie des Bauxites de Guinee
Francis Perani
Ghantoot Group
MCI
Monaco Resources
Pechiney
R-Logitech
Rio Tinto
Société de gestion fluviale
Societe des Bauxites de Guinee
Soguipami

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