Loading...
CBG Expansion
Sectors
Issues Raised
Project Information
Investment ID: 34203
Bank: International Finance Corporation and Multilateral Investment Guarantee Agency
Environmental Category: A
Country: Guinea
Region: Sub-Saharan Africa
Approval Date: None
Investment Types: Loans
Total Project Cost: No recorded data on this
Total Complaints: 1
Description
IFC has an active project with Compagnie des Bauxites de Guinée (CBG) (“The Company”), to provide a senior debt facility of up to US$200 million to support the expansion of the Sangaredi bauxite mine, processing plant and associated infrastructure. The Company is 49% owned by the Government of Guinea and 51% owned by Halco Mining Inc., which is in turn owned by a consortium of aluminium producers: Alcoa (45%), Rio Tinto (45%) and Dadco (10%).
Investments
| Investment Type | ID | Amount | Status | Bank | Client |
|---|---|---|---|---|---|
| Loans | 34203 | USD 200.0 million | Planned | IFC/MIGA | Compagnie des Bauxites de Guinée SA (CBG) |
Related Complaints
| International Finance Corporation and Multilateral Investment Guarantee Agency CAO Complaints | IAM | Country | Date Filed | Status |
|---|---|---|---|---|
| CBG-01/Sangaredi | IFC CAO | Guinea | 26/02/2019 | Active |