In Focus | Africa
Monaco Resources struggles to hide its secrets
Published on 21.01.2020 at 04:30 GMT
Reading time 7 minutes
Publication from Monaco's Official Journal
Axel Fischer's passport
Letter from the Vice President of Alcoa
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.
In recent months, a number of West African ministers, notably in Niger and Ivory Coast, have anonymously been sent copies of a letter signed by a vice president of American mining giant Alcoa. The letter details the contacts which took place in 2016 between the multinational and holding company Monaco Resources Group (MRG), which is active in 20 or
