Three-party deal reached on Guinea bauxite
Nov 01, 2005 | 09:25 AM
| David Brooks
The controversy over the rights of Global Alumina Ltd., New York, to receive bauxite concessions in the Republic of Guinea has been resolved with a three-way agreement between the government, Global Alumina and mining group Compagnie des Bauxites de Guinée SA (CBG).
Halco (Mining) Inc., the Guinea government's partner in CBG, had disputed the government's right to award concessions to Global, claiming that the concessions were covered by CBG's long-standing basic agreement which runs through 2038.....
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