Guinea cancels bauxite concession awarded to Kebo Energy SA

Guinea cancels bauxite concession awarded to Kebo Energy SA

Guinea has cancelled a bauxite mining concession granted to Kebo Energy SA over its failure to deliver on promised investments, according to a statement broadcast on state television.

Guinea Revokes Mining Concession Over Firm’s Inability To Build Alumina Refinery

By Enyichukwu Enemanna Guinea has cancelled a mining concession issued to a firm over its failure to deliver on promised investments, authorities said in a statement broadcast on state television. The West African country had granted Kebo Energy SA a bauxite licence, but the firm failed to meet some of the agreed terms. Bauxite is a mineral deposit that is refined into alumina, then smelted into aluminium. Guinea is one of the world’s largest pr…

Guinea revokes bauxite concession for Kebo Energy SA

Guinea has officially revoked the bauxite mining concession granted to Kebo Energy SA, citing the company’s failure to meet its investment commitments, according to a statement aired on state television. The cancellation was confirmed late Friday through a decree issued by junta leader Mamady Doumbouya, who took control in a 2021 coup. A senior mining official in Guinea verified the revocation of the concession. Sources familiar with Kebo Energy…