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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. [...] (347 words)

Issue dated 02/12/2021 Reading time 2 minutes

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Mining

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GUINEA
Garafiri Konta Infrastructure
Ghantoot Group
KP Gestion portuaire
Marine Contracting & Infrastructure
Monaco Resources
Société des bauxites de Guinée
Teressa Mining Logistic

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.

GUINEA Mining 18/01/2022

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.

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 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.

GUINEA Mining 07/10/2021

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GUINEA
Garafiri Konta Infrastructure
Ghantoot Group
KP Gestion portuaire
Marine Contracting & Infrastructure
Monaco Resources
Société des bauxites de Guinée
Teressa Mining Logistic

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Algerian secret services in survival mode in North Mali

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New seizures ordered on Monaco Resources assets

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

Appeal court overturns Monaco Resources asset seizures

Monaco Resources under scrutiny from European audit regulators

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

Monaco Resources and its co-shareholder back in court

Dynamic Mining to use Monaco Resources staff for its bauxite mine

Ghantoot boss travels to Conakry amid Monaco Resources scuffle

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New seizures ordered on Monaco Resources assets

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

Appeal court overturns Monaco Resources asset seizures

Monaco Resources under scrutiny from European audit regulators

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

Monaco Resources and its co-shareholder back in court

Dynamic Mining to use Monaco Resources staff for its bauxite mine

Ghantoot boss travels to Conakry amid Monaco Resources scuffle

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Indigo Publications also publishes: