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Russia, UAE
Nordgold's golden airlift from Dinguiraye to Dubai

Despite the sanctions imposed on its main shareholder, the Russian mining company Nordgold is busy shifting its stocks of gold mined in Guinea to Dubai, where it is getting it refined. It is a complex circuit and a tightly guarded operation. [...]

Published on 07/10/2022 at 05:40 GMT Reading time 3 minutes

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Mining

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Alexey Mordashov
Central Bank of the Republic of Guinea
Cessna
CitiBank
Emirates
Emirates Minting Factory
FAO-ON Golds Trading
Global Aviation
Managed Security Services-Sarl
MSS
Nordgold
Office of Foreign Assets Control
Societe Miniere de Dinguiraye
Tidiane Koita
Yacoub Sidya

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

The Guinean junta is keeping up pressure on the gold group owned by Russian oligarch Alexey Mordashov to get payment of a $200m debt. But the billionaire still has strong connections within the local mining sector, enabling Nordgold to continue to export gold to Dubai in breach of Western sanctions.

Subscribers only Mining 08.04.2024

Guinea
Junta clashes with Russia's Nordgold over state's 15% stake in SMD

Conakry has demanded payment of a debt dating from 2006 for the sale of the state's shares in Societe Miniere de Dinguiraye to Crew gold, the former owner of the mine that sold it in 2010 to Alexei Mordashov's group.

Subscribers only Mining 24.08.2023

West Africa
Yacoub Sidya, Russian group Nordgold's invisible partner

Companies linked to Mauritanian businessman Yacoub Sidya are omnipresent around the African operations of Russian miner Nordgold, which was hit by sanctions after Moscow's invasion of Ukraine. The gold mining firm, however, takes great care to remain in the background.

Subscribers only Mining, Commodity traders 17.04.2023

Burkina Faso, Russia
Nordgold's new boss in Ouagadougou for talks with junta

Georgy Smirnov, the new managing director of the Russian gold company, travelled discreetly to Burkina Faso's capital to try and reach an agreement with Ibrahim Traoré's junta on its gold exports and the future of its Taparko, Bissa and Bouly sites.

Subscribers only Mining 08.12.2022

Spotlight | Mali
Western companies brace for a hit as Bamako launches gold mining audit

The Malian government just launched an audit of the country's gold mining sector. Although the Canadian and Australian companies which dominate the sector are not expecting to be expropriated for the benefit of the Wagner group, they do predict the state will seek a greater share of their revenues.

Subscribers only Mining 09.11.2022

Spotlight | Burkina Faso, Guinea, Russia, UAE
Nordgold gets creative to refine its African gold in the Emirates

The Russian mining firm, whose main shareholder Alexey Mordashov is under European sanctions following Russia's invasion of Ukraine, has had to work out new paths to get its Guinean and Burkinabe gold production to refineries in the United Arab Emirates.

Subscribers only Mining 23.09.2022

Alexei Mordashov, Nordgold's main shareholder, has been targeted by European sanctions.

Burkina Faso, Guinea, Russia
Sanctioned Russian oligarch Alexey Mordashov tries desperately to get his gold out of Africa

Alexey Mordashov, who has been put on the British Treasury's sanctions list following the Russian invasion of Ukraine, is struggling to find a refiner for the gold produced by his UK-listed Nordgold group in Burkina Faso and Guinea.

Subscribers only Mining 22.03.2022

Nordgold's chief legal officer Alexey Mordashov.

Spotlight | Document | Guinea
Turkish tycoon and Erdogan pal, Ahmet Calik embarks on mining adventure

Riding on the honeymoon phase of Ankara and Conakry's political and economic relations (WAN 811), Turkish billionaire Ahmet Calik, who is close to President Recep Tayyip Erdogan, has secured a strategic mining alliance with the Guinean government.

Subscribers only Mining 14.01.2020

Document | Guinea
Investigations continue into BCRG's foreign currency

Off the record, the governor Lounceny Nabe has acknowledged the existence of parallel foreign currency flows at his bank. The latest revelations.

Subscribers only Politics 19.09.2018

Set up email notifications for these topics

Alexey Mordashov
Central Bank of the Republic of Guinea
Cessna
CitiBank
Emirates
Emirates Minting Factory
FAO-ON Golds Trading
Global Aviation
Managed Security Services-Sarl
MSS
Nordgold
Office of Foreign Assets Control
Societe Miniere de Dinguiraye
Tidiane Koita
Yacoub Sidya

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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

Russia, UAE
Nordgold's golden airlift from Dinguiraye to Dubai

This article may be accessed by subscribers

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Set up email notifications for these topics

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

Guinea
Junta clashes with Russia's Nordgold over state's 15% stake in SMD

West Africa
Yacoub Sidya, Russian group Nordgold's invisible partner

Burkina Faso, Russia
Nordgold's new boss in Ouagadougou for talks with junta

Spotlight | Mali
Western companies brace for a hit as Bamako launches gold mining audit

Spotlight | Burkina Faso, Guinea, Russia, UAE
Nordgold gets creative to refine its African gold in the Emirates

Burkina Faso, Guinea, Russia
Sanctioned Russian oligarch Alexey Mordashov tries desperately to get his gold out of Africa

Spotlight | Document | Guinea
Turkish tycoon and Erdogan pal, Ahmet Calik embarks on mining adventure

Document | Guinea
Investigations continue into BCRG's foreign currency

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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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

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The generals waging war from Khartoum to Darfur

Russia, UAE Nordgold's golden airlift from Dinguiraye to Dubai

This article may be accessed by subscribers

Do you want a free trial before subscribing?

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create a free account

Set up email notifications for these topics

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

Guinea Junta clashes with Russia's Nordgold over state's 15% stake in SMD

West Africa Yacoub Sidya, Russian group Nordgold's invisible partner

Burkina Faso, Russia Nordgold's new boss in Ouagadougou for talks with junta

Spotlight | Mali Western companies brace for a hit as Bamako launches gold mining audit

Spotlight | Burkina Faso, Guinea, Russia, UAE Nordgold gets creative to refine its African gold in the Emirates

Burkina Faso, Guinea, Russia Sanctioned Russian oligarch Alexey Mordashov tries desperately to get his gold out of Africa

Spotlight | Document | Guinea Turkish tycoon and Erdogan pal, Ahmet Calik embarks on mining adventure

Document | Guinea Investigations continue into BCRG's foreign currency

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

Russia, UAE
Nordgold's golden airlift from Dinguiraye to Dubai

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

Guinea
Junta clashes with Russia's Nordgold over state's 15% stake in SMD

West Africa
Yacoub Sidya, Russian group Nordgold's invisible partner

Burkina Faso, Russia
Nordgold's new boss in Ouagadougou for talks with junta

Spotlight | Mali
Western companies brace for a hit as Bamako launches gold mining audit

Spotlight | Burkina Faso, Guinea, Russia, UAE
Nordgold gets creative to refine its African gold in the Emirates

Burkina Faso, Guinea, Russia
Sanctioned Russian oligarch Alexey Mordashov tries desperately to get his gold out of Africa

Spotlight | Document | Guinea
Turkish tycoon and Erdogan pal, Ahmet Calik embarks on mining adventure

Document | Guinea
Investigations continue into BCRG's foreign currency