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GUINEA

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. [...] (245 words)

Issue dated 07/10/2021

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Mining

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GUINEA
Alpha Oumar Diallo
Ghantoot Group
Marine Contracting and Infrastructure
Metalcorp Group
Monaco Resources
Société des bauxites de Guinée
Société guinéenne d'investissement et de commerce

Monaco Resources tries to postpone final €70m repayment due to ECOWAS sanctions on Guinea

Conglomerate group subsidiary Metalcorp is notably blaming the West African sanctions on Conakry for its failure to make a repayment on a bonded debt. But in reality, its affiliate Societe des Bauxites de Guinee's financial and commercial problems have little to do with it.

AFRICA EUROPE Commodity traders Business 17/01/2022

Monaco Resources under scrutiny from European audit regulators

Britain's audit watchdog is investigating whether the accounts of MRG UK, a British subsidiary of the Monaco Resources group, which is very involved in Africa, have been properly certified. Other European regulators have also debated whether to investigate the conglomerate's bookkeeping.

GUINEA Mining 02/12/2021

New seizures ordered on Monaco Resources assets

As a result of the dispute between the company and its subcontractor MCI, a court in Conakry has ordered exit bans and seizures of all of Monaco Resources' assets at the port and on the road to the company's bauxite mine in Guinea.

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.

AFRICA SIERRA LEONE Finance Mining 14/10/2021

Canadian and Icelandic funds continue to target African bauxite

GreenBank Capital and JV Capital's planned takeover of Sierra Leone's Port Loko bauxite project via Ubique Minerals may have fallen through, but they are still looking for high-potential deposits in the country and further afield on the African continent.

GUINEA Mining 28/09/2021

Battle begins for top mining ministry job

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.

GUINEA Mining 14/09/2021

Decision made on Dynamic and SMB's buoy of contention

Despite the coup, the government has taken action to remove a buoy standing in the way of the bauxite miner's plans to evacuate ore from its Guinean site by sea.

GUINEA Mining 08/09/2021

In the midst of coup, Monaco Resources shakes up bauxite mine leadership Free

A few days before the coup that ousted Alpha Condé, Monaco Resources's subsidiary Société des Bauxites de Guinée, which operates a bauxite mine in the country, decided to part with its managing director.

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.

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GUINEA
Alpha Oumar Diallo
Ghantoot Group
Marine Contracting and Infrastructure
Metalcorp Group
Monaco Resources
Société des bauxites de Guinée
Société guinéenne d'investissement et de commerce

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Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

Monaco Resources and its co-shareholder back in court

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Monaco Resources tries to postpone final €70m repayment due to ECOWAS sanctions on Guinea

Monaco Resources under scrutiny from European audit regulators

New seizures ordered on Monaco Resources assets

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

Canadian and Icelandic funds continue to target African bauxite

Battle begins for top mining ministry job

Decision made on Dynamic and SMB's buoy of contention

In the midst of coup, Monaco Resources shakes up bauxite mine leadership Free

EY arbitrates in Monaco Resources vs MCI dispute

Monaco Resources runs into conflict with its Garafiri bauxite partners

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Monaco Resources and its co-shareholder back in court

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

2 options offered to continue reading

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Set up email notifications for these topics

Monaco Resources tries to postpone final €70m repayment due to ECOWAS sanctions on Guinea

Monaco Resources under scrutiny from European audit regulators

New seizures ordered on Monaco Resources assets

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

Canadian and Icelandic funds continue to target African bauxite

Battle begins for top mining ministry job

Decision made on Dynamic and SMB's buoy of contention

In the midst of coup, Monaco Resources shakes up bauxite mine leadership Free

EY arbitrates in Monaco Resources vs MCI dispute

Monaco Resources runs into conflict with its Garafiri bauxite partners

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Contacts

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Indigo Publications also publishes: