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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. [...]

Published on 18/01/2022 at 06:00 GMT Reading time 2 minutes

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Mining

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Bandiou Doumbouya
Ghantoot Group
Marine Contracting and Infrastructure
Monaco Resources
Societe des Bauxites de Guinee

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

Africa
Monaco Resources' eventful summer

Already at odds with one of its partners in Guinea, as well as with one of its co-shareholders in Congo, the Monaco Resources group has recently found itself the target of a scathing report sent to all of the group's government partner across Europe and Africa.

Subscribers only Commodity traders 29.08.2022

Guinea, Mexico
Mexican firms to go prospecting for business in Guinea

Guinea's honorary consul in Los Angeles, Jordan Garcia, is preparing a visit by Mexican investors and business leaders to Conakry. In the wake of the September coup d'état, the delegation is keen to find out more about potential business opportunities in the country.

Subscribers only Mining, Business 07.02.2022

Guinea
Kindia's bauxite lures a diamond dealer and an oilman

The Kindia Mining Co, which is exploring for bauxite in southern Guinea, was founded by a west African gem trader and an oil services executive.

Subscribers only Mining 04.02.2022

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
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.

Subscribers only Mining 02.12.2021

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

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

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Bandiou Doumbouya
Ghantoot Group
Marine Contracting and Infrastructure
Monaco Resources
Societe des Bauxites de Guinee

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Guinea
Appeal court overturns Monaco Resources asset seizures

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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

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Monaco Resources' eventful summer

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New seizures ordered on Monaco Resources assets

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

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

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Indigo Publications' websites

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Guinea Appeal court overturns Monaco Resources asset seizures

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

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

Africa Monaco Resources' eventful summer

Guinea, Mexico Mexican firms to go prospecting for business in Guinea

Guinea Kindia's bauxite lures a diamond dealer and an oilman

Africa, Europe Monaco Resources under scrutiny from European audit regulators

Guinea New seizures ordered on Monaco Resources assets

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

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

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Guinea
Appeal court overturns Monaco Resources asset seizures

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

Africa
Monaco Resources' eventful summer

Guinea, Mexico
Mexican firms to go prospecting for business in Guinea

Guinea
Kindia's bauxite lures a diamond dealer and an oilman

Africa, Europe
Monaco Resources under scrutiny from European audit regulators

Guinea
New seizures ordered on Monaco Resources assets

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

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