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In Focus | Africa
Monaco Resources, the principality's mysterious African trading company

In less than 10 years, an enigmatic Monaco company, Monaco Resources, has established itself in all sectors of the African economy - from mines and agri-business to port logistics and trading. Its rapid but uncharted success has been financed by borrowing on European bond markets. [...]

Published on 07/10/2019 at 05:30 GMT Reading time 6 minutes

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Finance, Business

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Agri Fish and Meat
Agri Resources Group
Albert II
ATS Handling
Axel Fischer
BAGR Berliner Aluminiumwerk GmbH
Cycorp First Investment
Esko
Euroports Holdings
Frankfurt Stock Exchange
Frederic Platini
Groupe Teranga
Handling Partner Gabon
Jean-Paul Chatelain
London Stock Exchange
Metalcorp Group
Monaco Red Cross
Monaco Resources
MRG Finance
Necotrans
Oslo Stock Exchange
Pascale Younes
Prince Albert II of Monaco Foundation
R-Logistic Guinee
Setfortrading
Societe des Bauxites de Guinee
Tamarix Noa
Zanotti

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.

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

Africa
From the Bench - Court rejects Monaco Resources CEO claim against Africa Intelligence

The CEO of Monaco Ressources, Alex Fischer, who sued Africa Intelligence for 'invasion of privacy' following the publication of an investigation into his career, has seen his claim definitively dismissed by a Paris court last month.

Free access Business 14.04.2021

France, Guinea, West Africa
Previously convicted for aluminium foundry mismanagement, Monaco Resources co-founder now has eye on Alteo refinery

Among the potential buyers for the Alteo alumina refinery in Marseilles, currently in administration, is Monaco Resources, whose founder Axel Fischer was previously convicted in Germany for mismanagement of an aluminium factory.

Subscribers only Mining, Business 20.08.2020

Guinea
Conakry counting on Monaco Resources to bump up bauxite exports

The state company responsible for marketing Guinea's national mining output, Soguipami, is hoping a local subsidiary of the omnipresent Monaco Resources will help increase its sales, though the Monegasque firm has had trouble getting its projects off the ground in the country.

Subscribers only Mining 05.05.2020

Gabon
Monaco Resources puts up fight for cargo-handling dividends

The pan-African holding company Monaco Resources is battling to get hold of the profitable Libreville airport baggage and cargo-handling revenue.

Subscribers only Finance, Business 12.02.2020

In Focus | Document | Africa
Monaco Resources struggles to hide its secrets

In less than 10 years, Monaco Resources has become a major player in African commodities. Until now, it has been quite secretive about its shareholders and the backgrounds of its executives, but is finding it increasingly hard to maintain this stance as it grows in size and is forced to jostle for position on highly competitive markets.

Subscribers only Finance, Business 21.01.2020

Guinea
Monaco Resources takes charge of bauxite business on Fatala River

A subsidiary of the Monegasque group has signed a deal with Conakry to control all barges carrying bauxite on the river.

Free access Infrastructure, Mining 29.10.2019

Guinea
Conakry negotiates Konta Port rehab with EY and Simmons & Simmons

To negotiate the rehabilitation of the Konta port, through which will be evacuated the future iron ore output from the Yomboyeli mine, the Guinean state has called on consultancy sector leaders.

Subscribers only Infrastructure, Mining 01.10.2019

In Focus | Burkina Faso, DRC, Gabon, Monaco, Senegal
Lecourt family rent Monaco letter boxes to African oligarchs

The Lecourt family, which has been established on the Rock of Monaco for the last two generations, began in the soap business before going on to build up a profitable agricultural trading business and then a cleaning business of a non-corporal sort, registering companies in Monaco for third parties.

Subscribers only Finance, Business 17.06.2019

Guinea
Monaco Resources rewrites bauxite plans to head into logistics

According to our sources, Societe des bauxites de Guinee (SBG), [...]

Subscribers only Mining 07.05.2019

Guinea
Metalcorp bauxite developer settles down in Luxembourg

Metalcorp Group, the parent firm of Societe des bauxites de [...]

Subscribers only Mining 20.11.2018

On our other sites

Schillings to the rescue of Monaco Resources

The reputation protection firm Schillings, whose team of lawyers and [...]

Subscribers only Intelligence Online 29.01.2020

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Agri Fish and Meat
Agri Resources Group
Albert II
ATS Handling
Axel Fischer
BAGR Berliner Aluminiumwerk GmbH
Cycorp First Investment
Esko
Euroports Holdings
Frankfurt Stock Exchange
Frederic Platini
Groupe Teranga
Handling Partner Gabon
Jean-Paul Chatelain
London Stock Exchange
Metalcorp Group
Monaco Red Cross
Monaco Resources
MRG Finance
Necotrans
Oslo Stock Exchange
Pascale Younes
Prince Albert II of Monaco Foundation
R-Logistic Guinee
Setfortrading
Societe des Bauxites de Guinee
Tamarix Noa
Zanotti

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Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

In Focus | Africa
Monaco Resources, the principality's mysterious African trading company

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

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

Africa, Europe
Monaco Resources under scrutiny from European audit regulators

Africa
From the Bench - Court rejects Monaco Resources CEO claim against Africa Intelligence

France, Guinea, West Africa
Previously convicted for aluminium foundry mismanagement, Monaco Resources co-founder now has eye on Alteo refinery

Guinea
Conakry counting on Monaco Resources to bump up bauxite exports

Gabon
Monaco Resources puts up fight for cargo-handling dividends

In Focus | Document | Africa
Monaco Resources struggles to hide its secrets

Guinea
Monaco Resources takes charge of bauxite business on Fatala River

Guinea
Conakry negotiates Konta Port rehab with EY and Simmons & Simmons

In Focus | Burkina Faso, DRC, Gabon, Monaco, Senegal
Lecourt family rent Monaco letter boxes to African oligarchs

Guinea
Monaco Resources rewrites bauxite plans to head into logistics

Guinea
Metalcorp bauxite developer settles down in Luxembourg

Schillings to the rescue of Monaco Resources

Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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In Focus | Africa Monaco Resources, the principality's mysterious African trading company

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create a free account

Set up email notifications for these topics

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

Africa, Europe Monaco Resources under scrutiny from European audit regulators

Africa From the Bench - Court rejects Monaco Resources CEO claim against Africa Intelligence

France, Guinea, West Africa Previously convicted for aluminium foundry mismanagement, Monaco Resources co-founder now has eye on Alteo refinery

Guinea Conakry counting on Monaco Resources to bump up bauxite exports

Gabon Monaco Resources puts up fight for cargo-handling dividends

In Focus | Document | Africa Monaco Resources struggles to hide its secrets

Guinea Monaco Resources takes charge of bauxite business on Fatala River

Guinea Conakry negotiates Konta Port rehab with EY and Simmons & Simmons

In Focus | Burkina Faso, DRC, Gabon, Monaco, Senegal Lecourt family rent Monaco letter boxes to African oligarchs

Guinea Monaco Resources rewrites bauxite plans to head into logistics

Guinea Metalcorp bauxite developer settles down in Luxembourg

Schillings to the rescue of Monaco Resources

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

In Focus | Africa
Monaco Resources, the principality's mysterious African trading company

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

Africa, Europe
Monaco Resources under scrutiny from European audit regulators

Africa
From the Bench - Court rejects Monaco Resources CEO claim against Africa Intelligence

France, Guinea, West Africa
Previously convicted for aluminium foundry mismanagement, Monaco Resources co-founder now has eye on Alteo refinery

Guinea
Conakry counting on Monaco Resources to bump up bauxite exports

Gabon
Monaco Resources puts up fight for cargo-handling dividends

In Focus | Document | Africa
Monaco Resources struggles to hide its secrets

Guinea
Monaco Resources takes charge of bauxite business on Fatala River

Guinea
Conakry negotiates Konta Port rehab with EY and Simmons & Simmons

In Focus | Burkina Faso, DRC, Gabon, Monaco, Senegal
Lecourt family rent Monaco letter boxes to African oligarchs

Guinea
Monaco Resources rewrites bauxite plans to head into logistics

Guinea
Metalcorp bauxite developer settles down in Luxembourg