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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. [...]
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Loading of bauxite from CBG's Sangaredi mine.
Loading of bauxite from CBG's Sangaredi mine. © Jean-Claude Moschetti/Réa
Mining

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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.

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