Bauxite

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.

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.

Guinea
Winning seeks fresh bauxite in Boffa corridor

The Singaporean mining logistics giant has partnered with Guinean mining companies Kimbo and GIC to help it meet growing Chinese demand. Its Chinese rival COSCO, in partnership with Chalco and SD Mining, is also present in the region.

Madagascar
Rio Tinto poised to sign off on new QMM deal

The amended operating convention of Rio Tinto subsidiary QMM has been approved by the Madagascan authorities. Following renewed social unrest at the Fort-Dauphin site in recent weeks, they are hoping it will now get a favourable reception from Rio's mineral sands division in Canada.

Guinea
Barry Angola relaunches bauxite project with junta's backing

After years of conflict with his Emirati partner, Barry Angola is now the sole owner of the Gaoual-Télimélé mining licence. But despite his grandiose ambitions, his bauxite projects are likely to get off to a relatively modest start.

Guinea
Doumbouya pressures Emirati firm GAC over alumina refinery

The leader of the Guinean junta has decided to reduce Guinea Alumina Corporation's bauxite production to force the Emirati giant to respect its pledge to build a local refinery.

Madagascar
Parliament prepares for final vote on mining code reform

Le projet de loi portant révision du code minier sera de retour devant l'Assemblée nationale de Madagascar la semaine prochaine pour sa dernière navette.

Egypt
Army company privatisations plan meets resistance

The process of privatising 32 Egyptian public sector companies, two of them owned by the defence ministry, should have got under way in late April. Its very slow pace has raised doubts among foreign investors about the economic reforms planned by Moustafa Madbouli and his government.

The New Guard
Gabon, Tanzania, Nigeria, Botswana

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

GabonCyril Pellen Aubian, from sustainable development to politics

TanzaniaAmar Shanghavi, from trees to carbon

NigeriaOluseun Onigbinde, transparency first

BotswanaPako Sebetlela wants to breathe fresh life into mining sector

The New Guard
Kenya, South Africa, Morocco, Guinea

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

KenyaMary Mutula, from reality TV to activism

South AfricaChrispin Phiri, justice ministry spokesman and rising ANC star

MoroccoSamia Jlil, co-founder of Women For Cyber Africa

GuineaMambi Magassouba combines mining and writing novels

Guinea
AMR co-founders Romain Girbal and Thibault Launay quietly exit Guinea

The two founders are selling their stakes in the AMR mining company to devote themselves to metaverse projects in Dubai and Lisbon. The current CEO, Sonny Doumbouya, is set to become its largest shareholder in the Conakry-approved takeover.

Guinea, Morocco
Tanger Med poised to take over Ashapura's mining ports contracts

The Indian mining company's perceived failure to deliver on its contractual obligations led Conakry to hand over the construction and management of river and maritime port infrastructure to a Moroccan firm.