The revenues of the company that manages the state's mining interests have increased significantly, particularly in the bauxite sector, and it is now directly selling some of the minerals it extracts, in particular to the Chinese.
Nickel de l'Ouest de la Côte d'Ivoire, a company owned by individuals close to Beny Steinmetz, is planning to develop a new nickel mine in Ivory Coast. Other players are increasingly interested in the country's potential for the metal considered strategic for energy transition.
Despite being removed from the Namibian Chamber of Mines and expelled from the Swartmodder copper mine in September, Chinese group Africa Huaxia Mining is nonetheless embarking on an all-out expansion in the country. Under the guise of multiple subsidiaries, it is racking up new mining licences.
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.
Niron Metals, run by Mick Davis, former Chief Executive of the British Conservative Party and to which Beny Steinmetz is linked, has a clear plan to mine the Guinean Zogota iron ore project, after reaching an agreement on the Simandou blocks.
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 [.