CBG Expansion

Sectors

Issues Raised

Project Information

Investment ID: 34203

Bank: IFC/MIGA

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	Compagnie des Bauxites de Guin√©e SA (CBG)

Related Complaints

IFC/MIGA CAO Complaints	IAM	Country	Date Filed	Status
CBG-01/Sangaredi	IFC CAO	Guinea	26/02/2019	Active