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Guinea
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. [...]

Published on 02.12.2021 at 05:00 GMT Reading time 2 minutes

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Mining

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Garafiri Konta Infrastructure
Ghantoot Group
KP Gestion portuaire
Marine Contracting & Infrastructure
Monaco Resources
Societe des Bauxites de Guinee
Teressa Mining Logistic

Guinea
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.

Subscribers only Mining Commodity traders 12.10.2022

Guinea
Appeal court overturns Monaco Resources asset seizures

Several precautionary measures taken at the end of last year against the Guinean subsidiaries of Monaco Resources in their dispute with construction group MCI were cancelled at the start of January.

Subscribers only Mining 18.01.2022

Africa, Europe
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.

Subscribers only Commodity traders Business 17.01.2022

Guinea
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.

Subscribers only Mining 19.10.2021

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Garafiri Konta Infrastructure
Ghantoot Group
KP Gestion portuaire
Marine Contracting & Infrastructure
Monaco Resources
Societe des Bauxites de Guinee
Teressa Mining Logistic

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Guinea
New seizures ordered on Monaco Resources assets

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

Guinea
Appeal court overturns Monaco Resources asset seizures

Africa, Europe
Monaco Resources under scrutiny from European audit regulators

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

Guinea
Monaco Resources and its co-shareholder back in court

Guinea
Dynamic Mining to use Monaco Resources staff for its bauxite mine

Guinea
Ghantoot boss travels to Conakry amid Monaco Resources scuffle

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Guinea New seizures ordered on Monaco Resources assets

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

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Set up email notifications for these topics

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

Guinea Appeal court overturns Monaco Resources asset seizures

Africa, Europe Monaco Resources under scrutiny from European audit regulators

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

Guinea Monaco Resources and its co-shareholder back in court

Guinea Dynamic Mining to use Monaco Resources staff for its bauxite mine

Guinea Ghantoot boss travels to Conakry amid Monaco Resources scuffle

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Egypt
The rise of militia businessman Arjani

DRC
Tshisekedi keeps close eye on Kabila ahead of presidential elections

Guinea
New seizures ordered on Monaco Resources assets

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

Guinea
Appeal court overturns Monaco Resources asset seizures

Africa, Europe
Monaco Resources under scrutiny from European audit regulators

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

Guinea
Monaco Resources and its co-shareholder back in court

Guinea
Dynamic Mining to use Monaco Resources staff for its bauxite mine

Guinea
Ghantoot boss travels to Conakry amid Monaco Resources scuffle