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GUINEA

Conakry finds builder for southern bauxite export corridor

A subsidiary of the Emirati Ghantoot Group, which is in conflict with Monaco Resources in Guinea, has reached a deal with the national mining infrastructure agency ANAIM to develop routes to evacuate bauxite produced in southern and central regions. The routes are key to getting production there up and running. [...] (462 words)

Issue dated 01/07/2021 Reading time 2 minutes

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Infrastructure Mining

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GUINEA
Ali al-Blooshi
Anaim
Ashapura Minechem
Elite Mining Guinea
Ghantoot
Katamon Mining
Lamine Cissé
Marine Contracting and Infrastructure
Monaco Resources
Pelfaco Guinea
Société des bauxites de Dabola-Tougué
Société des bauxites de Guinée
Zhincheng Mining Guinea

Guinea foreign minister pursues other goals while in US

Morissanda Kouyaté recently travelled to New York and Washington for the United Nations General Assembly. The foreign minister made the most of his trip to boost Conakry's ties with a number of Gulf countries and improve its fraught relationship with the Biden administration.

Iran's mining projects in Guinea © Africa Intelligence/indigo publications 2021

In Focus

GUINEA IRAN Mining 06/12/2021

Tehran hopes to capitalise on Doumbouya's isolation

The international community's mistrust of Guinea's post-coup regime is a boon for Iran. Tehran, badly in need of both iron and allies, is trying to cosy up to Mamady Doumbouya's junta and to acquire stakes in the country's mines.

GUINEA Mining 19/10/2021

UAE's Ghantoot Group authorised to take Monaco Resources to arbitration over bauxite deal

A dispute between Monaco Resources and Ghantoot Group at a Guinean bauxite mine hides another more fundamental conflict over the capital of Société des Bauxites de Guinée. That dispute will need to be dealt with by the International Chamber of Commerce in France.

BELGIUM MONACO Finance Business 10/09/2021

Monaco goes to Belgium to bat for MRG

Monaco Resources Group (MRG) is counting on an official visit by Monaco's government to Antwerp at the end of September to reassure its Belgian creditors and partners on the situation in Guinea, where MRG has a strong presence.

Col Mamady Doumbouya. © EPA/MaxPPP

Spotlight

GUINEA Mining Business 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.

GUINEA Mining 26/07/2021

Simandou iron ore mine gets dedicated aircraft fleet

Winning Consortium Simandou has just created a dedicated aviation subsidiary which will incorporate the aircraft of its shareholder specialising in mining logistics, UMS. However, the latter is still desperately waiting to recover one of its aircraft, which was "hijacked" in 2019.

GUINEA Mining 15/07/2021

Dynamic Mining to use Monaco Resources staff for its bauxite mine

India's Dynamic Mining has just hired the former operations manager of Monaco Resources' subsidiary SBG, not long after it also hired its infrastructure planner, in the hope that its Bon Ami bauxite mine will soon be operational.

GUINEA Mining 14/06/2021

EY arbitrates in Monaco Resources vs MCI dispute

René-Marie Kadouno, the country managing partner of the accounting and consulting firm EY in Guinea, received representatives from Société des bauxites de Guinée and Marine Contracting and Infrastructure.

GUINEA Infrastructure Mining 04/03/2021

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.

GUINEA Infrastructure Mining 02/03/2021

Chinese Bauxites-Kimbo pays for its delusions of grandeur over port construction

Bauxites-Kimbo built a vast, cutting-edge port to evacuate its and its neighbours' bauxite production. For the time being, however, the port is merely a money pit, preventing the company from exploring its mining project.

GUINEA Mining 13/10/2020

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.

Spotlight

GUINEA IRAN Mining 04/06/2020

Tehran flutters its eyelashes at Conakry as it looks for bauxite to reduce its aluminium costs

Iran, which needs aluminium to boost its industrial activity despite its serious financial difficulties, is trying to relaunch its Dabola-Tougué bauxite project in Guinea. This would enable it to import bauxite and process it in its own plants, which would be cheaper than buying aluminium directly abroad.

Set up email notifications for these topics

GUINEA
Ali al-Blooshi
Anaim
Ashapura Minechem
Elite Mining Guinea
Ghantoot
Katamon Mining
Lamine Cissé
Marine Contracting and Infrastructure
Monaco Resources
Pelfaco Guinea
Société des bauxites de Dabola-Tougué
Société des bauxites de Guinée
Zhincheng Mining Guinea

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