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Guinea
Ministry of Mines approves sale of SBG

Minister of Mines Moussa Magassouba approved the sale of Société des Bauxites de Guinée to Kouroussa Mining, owned by Mamady Nabé. [...]

Published on 10.10.2023 at 04:40 GMT

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Mining, Business

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Guinea
Axel Fischer
Kouroussa Mining
Mamady Nabé
Metalcorp
Moussa Magassouba
Saadou Nimaga
Societe des Bauxites de Guinee

Spotlight | Guinea
Monaco Resources Group's scheme to ditch mining assets

Metalcorp has sold its majority stake in Société des Bauxites de Guinée without informing its co-shareholders. This sale occurred only months after Metalcorp, a highly indebted subsidiary of Monaco Resources Group, was discreetly taken out of the conglomerate.

Subscribers only Mining, Business 06.09.2023

In Focus | Africa
Facing courts and shareholders, Monaco Resources Group living on borrowed time - and money

Saddled with more than a billion euros in debt, Monaco Resources Group has become entangled in its own financial schemes. In terms of its logistical, agricultural and mining operations in Africa, the holding company has experienced a string of failures.

Subscribers only Finance, Mining, Commodity traders 27.03.2023

The Monaco Resources Group holding company was co-founded by Axel Fischer.

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

Inner circles | Guinea
Doumbouya maintains ever tighter grip on mining sector

Moussa Magassouba, appointed head of the Guinean Ministry of Mines and Geology after the September 2021 coup, coordinates the beating heart of Guinean economy. However, he has been subject to frequent criticism from both civil society organisations and members of the government.

Subscribers only Mining 17.06.2022

Guinea's Minister of Mines Moussa Magassouba in front of a portrait of President Mamadi Doumbouya.

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Guinea
Axel Fischer
Kouroussa Mining
Mamady Nabé
Metalcorp
Moussa Magassouba
Saadou Nimaga
Societe des Bauxites de Guinee

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Guinea
Ministry of Mines approves sale of SBG

This article may be accessed by subscribers

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create a free account

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Spotlight | Guinea
Monaco Resources Group's scheme to ditch mining assets

In Focus | Africa
Facing courts and shareholders, Monaco Resources Group living on borrowed time - and money

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

Inner circles | Guinea
Doumbouya maintains ever tighter grip on mining sector

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Indigo Publications' websites

Guinea Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

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Guinea Ministry of Mines approves sale of SBG

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Spotlight | Guinea Monaco Resources Group's scheme to ditch mining assets

In Focus | Africa Facing courts and shareholders, Monaco Resources Group living on borrowed time - and money

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

Inner circles | Guinea Doumbouya maintains ever tighter grip on mining sector

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

DRC
Dan Gertler's billions of dollars in royalties at heart of huge legal battle

Guinea
Ministry of Mines approves sale of SBG

Spotlight | Guinea
Monaco Resources Group's scheme to ditch mining assets

In Focus | Africa
Facing courts and shareholders, Monaco Resources Group living on borrowed time - and money

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

Inner circles | Guinea
Doumbouya maintains ever tighter grip on mining sector