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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. But Nordgold claims that an 2018 amendment put an end to the dispute. [...]

Published on 24/08/2023 at 05:40 GMT Reading time 3 minutes

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Mining

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Alexei Mordashov
Alpha Conde
Amara Camara
Amara Soumah
Christian S. Gjerstrøm
Crew Gold Corp
Delta Gold Mining
EIE Advokat
Kabele Law Group
Kenor AS
Mamadi Doumbouya
Mohamed Sampil
Nikolai Zelenski
Nordgold
Societe Miniere de Dinguiraye
Thierno Mamadou Bah
Trygve Kroepelien

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 alerted to Nordgold 'embezzlement' under Condé

A lawyer for the Guinean state has been investigating the murky role allegedly played by government officials in a secret deal with the Russian mining firm in the early days of Alpha Condé's first term.

Subscribers only Mining 05.01.2024

Spotlight | Guinea
Business partners turn against ex-minister Kanté

Two of his business associates have accused the former mining minister Ahmed Kanté of duping them in order to take control of the promising AGB2A integrated mining project. They also contest a subcontracting agreement signed with China's Sinohydro, which they claim exclusively benefits Kanté.

Subscribers only Mining 07.07.2023

Ahmed Kanté, principal owner of the AGB2A consortium, in October 2013.

Burkina Faso, Guinea, Mali
Oleg Maximov, Nordgold's discreet junta go-between

The Russian mining giant recently entrusted one of its executives with responsibility for strategic talks with the various transitional authorities in West Africa, where the company is trying to defend its interests while also getting around sanctions.

Subscribers only Mining 02.06.2023

In Focus | Guinea
On the trail of Papa Fofana, Mamadi Doumbouya's enigmatic adviser

Right after his rise to power, Guinea's transition president Mamadi Doumbouya appointed a longstanding acquaintance, known as Papa Fofana, as one of his closest advisers. With a shadowy past and an ever-tightening grip on the country's administration, he now plays a key role in a wide range of strategic projects.

Subscribers only Politics 22.05.2023

Mamadi Doumbouya, Fodé Amadou Fofana, Waleed bin Abdulkarim al-Khuraiji.

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

Inner circles | Guinea
Junta leader Doumbouya keeps close eye on flourishing state-owned Soguipami

The revenues of the company that manages the state's mining interests have increased significantly, particularly in the bauxite sector, and it is now directly selling some of the minerals it extracts, in particular to the Chinese.

Free access Mining, Commodity traders 10.03.2023

Guinea
Junta cracks down on illegal gold mining

Mamadi Doumbouya has ordered his troops to put an end to illegal mining in Siguiri, Guinea's main gold producing region. This activity is largely organised by Chinese nationals. The major miners in the area, notably AngloGold Ashanti and Nordgold, had been complaining for several months about the negative impact on their concessions.

Subscribers only Mining 14.12.2022

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.

Subscribers only Mining 07.10.2022

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.

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Alexei Mordashov
Alpha Conde
Amara Camara
Amara Soumah
Christian S. Gjerstrøm
Crew Gold Corp
Delta Gold Mining
EIE Advokat
Kabele Law Group
Kenor AS
Mamadi Doumbouya
Mohamed Sampil
Nikolai Zelenski
Nordgold
Societe Miniere de Dinguiraye
Thierno Mamadou Bah
Trygve Kroepelien

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

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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 alerted to Nordgold 'embezzlement' under Condé

Spotlight | Guinea
Business partners turn against ex-minister Kanté

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Oleg Maximov, Nordgold's discreet junta go-between

In Focus | Guinea
On the trail of Papa Fofana, Mamadi Doumbouya's enigmatic adviser

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Yacoub Sidya, Russian group Nordgold's invisible partner

Inner circles | Guinea
Junta leader Doumbouya keeps close eye on flourishing state-owned Soguipami

Guinea
Junta cracks down on illegal gold mining

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

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

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

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 alerted to Nordgold 'embezzlement' under Condé

Spotlight | Guinea Business partners turn against ex-minister Kanté

Burkina Faso, Guinea, Mali Oleg Maximov, Nordgold's discreet junta go-between

In Focus | Guinea On the trail of Papa Fofana, Mamadi Doumbouya's enigmatic adviser

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

Inner circles | Guinea Junta leader Doumbouya keeps close eye on flourishing state-owned Soguipami

Guinea Junta cracks down on illegal gold mining

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

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

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

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

Guinea
Junta alerted to Nordgold 'embezzlement' under Condé

Spotlight | Guinea
Business partners turn against ex-minister Kanté

Burkina Faso, Guinea, Mali
Oleg Maximov, Nordgold's discreet junta go-between

In Focus | Guinea
On the trail of Papa Fofana, Mamadi Doumbouya's enigmatic adviser

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

Inner circles | Guinea
Junta leader Doumbouya keeps close eye on flourishing state-owned Soguipami

Guinea
Junta cracks down on illegal gold mining

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

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