Energy Markets
Guinea cancels the bauxite bauxite concession granted to Kebo Energy SA
Guinea has cancelled the bauxite concession that Kebo Energy SA was granted because it failed to make promised investments. This is according to a state-run television broadcast. State television announced the cancellation late Friday night, citing a declaration issued by Mamady Dombouya, leader of the junta that seized power through a coup 2021. An official from the Guinean mining sector confirmed that the concession has been cancelled. Sources close to Kebo Energy SA claim that the company failed to raise enough funding to complete the project. This included the construction of an alumina refining plant. Kebo Energy SA's spokesperson could...