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GUINEA

Putsch casts more doubt on BSGR-Alpha Condé deal negotiated by Sarkozy

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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. [...]

Former French president Nicolas Sarkozy and Guinean president Alpha Condé. © Christophe Petit-Tesson/EPA/Newscom/MaxPPP

The arrival of a military junta in Conakry opens a new stage, the outcome of which remains uncertain, in the saga of the 2019 agreement between Beny Steinmetz's group and Alpha Condé over the Simandou and Zogota iron ore projects. The deal was negotiated with the help of French ex-president Nicolas Sarkozy. [...] (469 words)

Published on 10/09/2021 at 05:00 GMT Reading time 2 minutes

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Mining Business

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GUINEA
Albert Jan Van Den Berg
Alpha Condé
Alvarez & Marsal
BDO
Beny Steinmetz
Beny Steinmetz Group Resources
Conservative Party
Gabrielle Kaufmann-Kohler
Glencore
International Centre for Settlement of Investment Disputes
Lansana Conte
Mamadi Doumbouya
Mick Davis
Nicolas Sarkozy
Niron Metals
Pierre Mayer
Société minière de Boké
Xstrata

Beny Steinmetz's group tries to appeal in Paris over Simandou iron arbitration

After losing to the Guinean state, which it accuses of expropriation, the Franco-Israeli billionaire's company, Beny Steinmetz Group Resources (BSGR), is seeking to overturn the decision of the World Bank arbitration tribunal. It is invoking the out-of-court settlement obtained by Nicolas Sarkozy in 2019.

CONGO Mining 04/05/2022

ICSID arbitration iron ore cases against Brazzaville ready to start

With the ICSID tribunals now constituted, Equatorial Resources and Midus Holdings' proceedings against the Congolese state will soon begin. Two other proceedings have been initiated before the ICC.

FRANCE MADAGASCAR RWANDA Diplomacy 29/12/2021

Ex-President Nicolas Sarkozy's subtle mix of leisure and politics in Africa

Breaking news published on 29/12/21 at 09:50 - After celebrating his 66th birthday in Rwanda, French ex-President Nicolas Sarkozy returned to the continent to spend Christmas in Madagascar. Both trips were private, but Sarkozy's tight connections to African rulers certainly came in handy.

GUINEA Defence Business 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 Mining 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.

GUINEA Diplomacy 16/09/2021

The secret agenda of ECOWAS heads of state in Accra for Guinea coup summit

The organisation's heads of state are meeting in Accra on 16 September over the situation in Guinea. Some members are pushing for a 6-month civilian-led transition fiercely opposed by the junta, which hopes to keep control over the transition.

Screenshot of the extraordinary ECOWAS Heads of State and Government meeting on the situation in Guinea, 8 September 2021.

GUINEA Mining 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.

GUINEA Diplomacy 10/09/2021

African presidents discuss Alpha Condé's exile behind closed doors

Ahead of the diplomatic mission dispatched by ECOWAS to Conakry on September 10, secret negotiations over the departure of Guinea's president Alpha Condé, who is being held by the coup leaders, have been taking place.

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 09/12/2020

Zogota: Back to the drawing board for Mick Davis, Beny Steinmetz and associates

Guinean authorities found holes in Niron Metals' feasibility study for the Zogota iron ore project.

The ore will be transported on an existing 300km railway.

GUINEA 18/06/2019

BDO administrators, BSGR's trump card against Vale

The administrators appointed to restructure the finances of Beny Steinmetz Group Resources (BSGR), and more importantly protect the company's assets, [...]

Spotlight

GUINEA 05/03/2019

Mick Davis and the team ready to take on Beny Steinmetz's former iron ore assets

The end to the epic legal battle between Conakry and Beny Steinmetz Group Resources (BSGR) over Guinea' vast iron ore resource Simandou on February 25, was shortly followed by the news that Sir Mick Davis, chief executive and treasurer of [.

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GUINEA
Albert Jan Van Den Berg
Alpha Condé
Alvarez & Marsal
BDO
Beny Steinmetz
Beny Steinmetz Group Resources
Conservative Party
Gabrielle Kaufmann-Kohler
Glencore
International Centre for Settlement of Investment Disputes
Lansana Conte
Mamadi Doumbouya
Mick Davis
Nicolas Sarkozy
Niron Metals
Pierre Mayer
Société minière de Boké
Xstrata

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Putsch casts more doubt on BSGR-Alpha Condé deal negotiated by Sarkozy

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

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Set up email notifications for these topics

Beny Steinmetz's group tries to appeal in Paris over Simandou iron arbitration

ICSID arbitration iron ore cases against Brazzaville ready to start

Ex-President Nicolas Sarkozy's subtle mix of leisure and politics in Africa

Gaby Peretz in Conakry

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

The secret agenda of ECOWAS heads of state in Accra for Guinea coup summit

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

African presidents discuss Alpha Condé's exile behind closed doors

Unpanicked by coup, mining groups start planning for transition

Zogota: Back to the drawing board for Mick Davis, Beny Steinmetz and associates

BDO administrators, BSGR's trump card against Vale

Mick Davis and the team ready to take on Beny Steinmetz's former iron ore assets

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Putsch casts more doubt on BSGR-Alpha Condé deal negotiated by Sarkozy

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

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Beny Steinmetz's group tries to appeal in Paris over Simandou iron arbitration

ICSID arbitration iron ore cases against Brazzaville ready to start

Ex-President Nicolas Sarkozy's subtle mix of leisure and politics in Africa

Gaby Peretz in Conakry

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

The secret agenda of ECOWAS heads of state in Accra for Guinea coup summit

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

African presidents discuss Alpha Condé's exile behind closed doors

Unpanicked by coup, mining groups start planning for transition

Zogota: Back to the drawing board for Mick Davis, Beny Steinmetz and associates

BDO administrators, BSGR's trump card against Vale

Mick Davis and the team ready to take on Beny Steinmetz's former iron ore assets

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: